Not an irrational concern, although I'd say banks are still sussing out regulatory limits and workarounds. I'd be fine working at GS for many years into the fut

Not an irrational concern, although I'd say banks are still sussing out regulatory limits and workarounds. I'd be fine working at GS for many years into the future and see folks with similar backgrounds who have done that. For me, it's less about money and more about the institutional leverage implicit in bulge bracket firms. I'm content when I can think about big, creative problems and if that translates into less money for me personally that's alright. A large problem, in my opinion, with S&T desks is the relatively recent adoption of the IBD mentality of moving up the invisible hierarchy by working at x for two years, y for one year, getting z graduate degree, etc.