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Vault Message Board: Law

Topic Name: Medical School or Law School?
Message Name: VP 's and Partners
Date Posted: 10/16/2001
In Reply To: You are wrong on several counts. First of all a full first year associate at a reputable investment bank will make $200-250k (yes even this year if they still have their job). Making it to VP is not guranteed but certainly much easier than partner in a large law firm. Partner in a law firm is analogous to MD at an investment bank and the attrition between associate and MD is similar to assoicate to partner in a law firm. The biggest financial advantage of medicine is job security.
Message: "Making it to VP is not guranteed but certainly much easier than partner in a large law firm." Actually making partner at a large law firm is comparable to that of making VP at an Investment Bank. The probability of making partner is nearly the same an an associate at an investment bank making Vice President.

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