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Old 06-05-2007, 12:16 AM
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Default Short career in I-Banking

A former classmate told me that most investment bankers have relatively short i-banking careers. In fact, many start their second careers in less lucrative sectors before they hit 35.  In investment banking, It's either "up" or "out". That cruel.

So, why am I still waxing lyrical about investment banking?

Say you graduate with a good MBA at age 25 (add another 2 years if you serve NS) and start your career in i-banking. In the next 10 years, you can possibly and quite easily make an average of US$200k per annum. If you are prudent enough not to splurge on Ferraris or Lamborghinis, you should be able to save at least US$100k every year. In 10 years, that's US$1 million.

You're a freaking millionaire by the time you "retire" from your first career. Get my point?

http://www.salary.sg/2007/short-career-in-i-banking/

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