ITT You Post The Best Path(s) To Become Rich

[fneverforget]

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1. Get an MD/MBA in 5 years
2. Do a Plastics Residency
3. Work as both a plastic surgeon and a healthcare administrator in 90210. You won't have time for sleep, so keep that Adderall handy.
4. Get Paid, and Get Laid
5. Once you are filthy rich, do some pro bono work for burn victims. (Unless you are a dbag, then by all means continue getting paid and getting laid 🙂 )

 

[NotAsking4Much]

No one in IB cares about you if you went to a non-target school. Your "top 20 school" is meaningless unless it's HPY/MIT/etc. and your resume will be trashed unless you know someone on the inside. The interviews make medical school interviews look like a joke because you're expected to hit the ground running. You need to be intimately familiar with financial topics and financial modeling. If you want to make decent money or if you want decent exit opportunities, you're geographically limited to areas like NYC, London, or Hong Kong. These places are expensive to live in. The work isn't enjoyable: 80-100 hour weeks slaving away in Excel. Analyst pay in NYC is something like $125k/year after bonuses. After 2-3 years you're either promoted to associate or fired. Associate pay is something like $250k/year after bonuses. Many people quit and move to a different industry (PE, HF, VC, etc.) simply because IB work sucks and the hours are horrible. The pay can be much better but the the competition for these industry moves is intense.

Compare it to medicine: match into FM and work 60 hours a week for 3 years as a resident. Make $170k/year as an attending anywhere in the country, working 50 hours a week. No "up or out" mentality, no geographical constraints, no god awful, soul sucking work. It's a much better deal, even with the student loans.

As an addendum to that, coming from someone who was at a top financial firm prior to medical school, the above is very true. The beauty of finance is that the ceiling is extraordinary high. Those are the people you hear about on TV. Except it is incredibly tough to climb to that level and many by age 40 still don't have time to start a family. It's not as easy as many people think it is, certainly not much easier than med school. It's a pyramid with a very steep slope and the majority fall off and go to other parts of finance which may have less steep but shorter ceilings. It's all relative.

As for people who talk about entrepreneurship, it's a well-accepted notion that if you sat in a room full of entrepreneurs from a TOP business school (Harvard, Stanford, etc) of the two person sitting next to you and yourself, two of you three will go bankrupt and the last will have less than a 50% chance of making it.

 

[RomanTaylor]

1) Get yourself trapped in a remote Asian prison so that you can fight prisoners to prove and push yourself

2) Get recruited to the League of Shadows

3) Run away from the League of Shadows

4) Get a Batman Costume

5) Don Batman costume and rob banks. Use your fighting skills to stay away from the long arm of the law.

Winner.

 

[IncognitoGuy]

1) Get yourself trapped in a remote Asian prison so that you can fight prisoners to prove and push yourself

2) Get recruited to the League of Shadows

3) Run away from the League of Shadows

4) Get a Batman Costume

5) Don Batman costume and rob banks. Use your fighting skills to stay away from the long arm of the law.

A butterfly definitely flapped its wings somewhere along the course of this..

 

[TipToad]

Go the Kim K route. Make a tape.

 

[Josh7]

1. Born into wealth

 

[Spinach Dip]

Seeing the way this thread has turned....


1. Be female.
2. Be hot.
3. Seduce a major baseball/basketball/football player
4. Have a child by him (legitimate or not, doesn't matter)


He will either pay you loads to disappear, or marry you, or pay massive amounts of child support for the next 18 years. Either way, major mullah for a few minutes on your back.

 

[MD22412]

1) Get yourself trapped in a remote Asian prison so that you can fight prisoners to prove and push yourself

2) Get recruited to the League of Shadows

3) Run away from the League of Shadows

4) Get a Batman Costume

5) Don Batman costume and rob banks. Use your fighting skills to stay away from the long arm of the law.

It doesn't matter who we are, what matters is our plan!

 

[mmmcdowe]

Moving to hSDN