Reply to Bank of America: former green beret dies after work 120-hour week, IB associates going on strike

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This guy should stayed in federal service

I can’t imagine having a career as tier 1 operator and then going to check excel cells and PowerPoint fonts for 120 hrs a week at a second tier bank on a deal advising a third tier bank (TD) acquiring a REGIONAL BANK

If he wanted to leave the military so bad, 
He could’ve easily shifted to getting on staff on the hill, then used that to jump to lobbying — or could done high value protective detail which would pay a lot more per hour than BofA — or gone to hks/sais and then join federal service and then job hop to interesting roles…

…I don’t get why he picked IB!

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IB funnels into much higher paying PE positions with a far better lifestyle.

Lobbying is risky because your access and thus income depend on election results.
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Not every ib person makes it to PE

The funnel narrows very fast

Dude was already 35 as a BofA associate! I repeat….[b]he was 35 and an associate.! 
[/b]

No way is Carlyle, kkr, bx, Warburg,  Apollo, eqt, cvc etc calling the dude

He was sold an irrational dream!

Do you know what areas of finance are better fits for .mil?

In non-dealmaking verticals where you work your way up to leading a division/business unit.

Working at BofA card issuance / credit products for example and then building a 20 year career so when you are 55 you are head of say consumer credit at BofA…making millions but leading a LARGE org….

…that would’ve been a way better fit for him and many ex mil when they transition to finance follow that path

General leadership of a business unit that is well defined

Not doing “client service” which is what IB is…

Cap one, bofa consumer, chase, Citi, Wells Fargo, pnc, truist….any money center or regional bank would’ve loved to have him and would’ve had a a structured path where others like him have found success

35 year old associates are NOT TH3 NORM

He 100% felt like he had to over compensate since there are sell side MDs and buyside prinicipals at that age!

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