News for hackers. Stuff that matters.

A comment on How Bank of America Ignores Its Own Rules to Prevent Dangerous Workloads. Parent comment

Re:How Bank of America Ignores Its Own Rules to Prevent Dang... by alephnerd on Monday August 12, 2024 @03:59PM (#41228645)
> Those that survive often go to B school, get their MBAs and come back as associates

If you're already an analyst and not (completely) burned out by 70-90 hour weeks you are becoming an associate within 2-3 years.

You use the MBA to exit out of IB into VC, PE, PM, CorpDev, etc.

This is also why tech became so popular over the past decade - new grads are earning IB level compensation with significantly better WLB and less barrier to entry, and most analysts are now STEM or STEM Adjacent majors.

[ Parent | on HN ]
Re:How Bank of America Ignores Its Own Rules to Prevent Dang... by TeaBrain on Tuesday August 13, 2024 @02:31AM (#41232851)
This is essentially the route my brother took, sans the MBA. A couple years spent surviving as an IB analyst, after which he was promoted to associate. Stayed on for another year after the promotion, before being headhunted by a PE firm he ended up joining.
[ Parent | on HN ]