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College and University Discussion
Reply to "Investment banker vs corporate lawyer "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Guys there are tons of small / middle market investment banks out there founded by 1 or 2 people that left a bigger shop and focus on $10-$50m deals that the big banks wouldn’t waste their time on. And you do not have to come from a top business school to find these but you do have to hustle. Once you’re “in” you can lateral to a bigger bank if desired and exit to PE. I used to work in M&A and bankers/PE guys make 100x what the highest paid lawyers do. I often created the transaction fees / funds flow memo, and let me tell you- on a $10b deal, the sellside bankers walked away with well over $100m in fees, while the law firm had less than $5m. And I think it was closer to $2m[/quote] [b]The highest paid corporate lawyers are making $30 million per year.[/b] Are you saying the highest paid investment bankers are making $3 billion per year?[/quote] And what percentage of lawyers are "the highest paid corp lawyers"? And what percentage of lawyers are corp lawyers? And what percentage of lawyers even work in big firms? You might as well be talking about Hollywood movie stars. [/quote] Irrelevant to the statement I responded to. [/quote] So?[/quote]
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