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Most investment banking analysts aren't doing the job for the pay (which is mediocre when the hours are considered) but the exit options, one of which is VC. In
by pw0ncakes 17y ago
Most investment banking analysts aren't doing the job for the pay (which is mediocre when the hours are considered) but the exit options, one of which is VC. Investment bankers are, on the whole, mediocrities if not outright idiots; the analyst position enables the talentless to trade in their health and well-being in order to have career options that would otherwise be way out of their league. Thus, many venture capitalists are former investment bankers.
Anyone see the problem here?
- wakeupthedawn 17y agoPeople do become analysts for the pay (in addition to the exit opportunities). Despite the per-hour rates, there's definitely something alluring about the idea of making more (even if only marginally so) than your peers right out of college. Starting pay at VC's for analysts coming from banking is low relative to other options (especially private equity, which is generally the top choice). The bankers who come to VC either aren't good enough for better options or are genuinely interested in being involved with innovation, or at least the illusion of it.