Investment banker vs corporate lawyer

[Anonymous]

Anonymous wrote:Don’t go into law for any reason other than being really interested in law

This is wrong.

So many great lawyers just ended up there because their philosophy degree or their english lit degree wasn't paying the bills.

This is a good reason to go finance because you can't just fall into finance, you can fall into law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DC is considering these career paths, and ROI. Currently a sophomore at a great undergraduate business program, but thinking long term post graduation and graduate degree strategies. Thoughts.

I am a corporate lawyer and I want my kids to be in finance. A good corporate law career does not allow you to retire in your 40s to a comfortable retirement with enough assets to produce high passive income. A good high end finance career can.

I'm a real estate lawyer and I agree with this too. I serve on nonprofit boards with ex private equity folks who are in their 40s and retired (after multi-million payouts on carried interest plans) and serve on nonprofit boards just for fun.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don’t go into law for any reason other than being really interested in law

This is wrong.

So many great lawyers just ended up there because their philosophy degree or their english lit degree wasn't paying the bills.

This is a good reason to go finance because you can't just fall into finance, you can fall into law.

Brilliantly accurate statement for so many...

[Anonymous]

Anonymous wrote:DC is considering these career paths, and ROI. Currently a sophomore at a great undergraduate business program, but thinking long term post graduation and graduate degree strategies. Thoughts.

What internships have they secured? Its easier to become a big law attorney, at least as an associate, than to get into iBanking unless they have a connection.

[Anonymous]

Coming from a family of investment bankers and a lot of friends who are corporate lawyers, I would go with IB hands down.

[Anonymous]

Anonymous wrote:Coming from a family of investment bankers and a lot of friends who are corporate lawyers, I would go with IB hands down.

Why?

[Anonymous]

Simple math formula. Compensation÷hours worked. The higher the ratio the better. IB wins.

[Anonymous]

Anonymous wrote:Simple math formula. Compensation÷hours worked. The higher the ratio the better. IB wins.

True, but I’m not sure either wins overall on this metric.

[Anonymous]

Anonymous wrote:I thought this was a movie title, like “Godzilla vs. King Kong”

More like
Should I be an astronaut or a basketball star?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought this was a movie title, like “Godzilla vs. King Kong”

More like
Should I be an astronaut or a basketball star?

I want an Investment Banker vs. Corporate Lawyer steel cage, fight to the death match. Except the match winner should die after the match at the hands of the plebeian audience. After all, the world would be better off without either….