investment banking vs. big law Forum

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Anonymous User
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investment banking vs. big law

Post by Anonymous User » Wed Jan 27, 2021 11:13 pm

Hi all! Hope everyone is doing great! I'm faced with two choices: investment banking summer offer (think Barclays/Credit Suisse/Citi/BoA) & biglaw summer offer (V10 - K&E/DPW/Latham). I was an undergrad business major, and I am thinking that I would ultimately go back to the business side. Would appreciate any suggestions/insights/considerations that you guys have!! Thank you!

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: investment banking vs. big law

Post by Anonymous User » Thu Jan 28, 2021 12:39 am

Hm, tough question. If I had to pick somewhere to start, it'd be "Do you want to be a lawyer or an investment banker?"

Oh wait, that's it.

Anonymous User
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Re: investment banking vs. big law

Post by Anonymous User » Thu Jan 28, 2021 12:58 am

Do not practice law if you do not want to be a lawyer

Lukky

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Re: investment banking vs. big law

Post by Lukky » Thu Jan 28, 2021 3:18 am

I think big law hours are a little bit better than IB hours on average (60ish vs 70ish).
IB pays significantly better than biglaw ("market" for BB is roughly 300/350/400 on average as an associate, although IB bonuses are more dependent on your personal / group / firm performance).

If you think you will eventually go back to the business side, I think you should definitely do IB. Your exit options will be way better.

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