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investment banking vs. big law
Posted: Wed Jan 27, 2021 11:13 pm
by Anonymous User
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!
Re: investment banking vs. big law
Posted: Thu Jan 28, 2021 12:39 am
by Anonymous User
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.
Re: investment banking vs. big law
Posted: Thu Jan 28, 2021 12:58 am
by Anonymous User
Do not practice law if you do not want to be a lawyer
Re: investment banking vs. big law
Posted: Thu Jan 28, 2021 3:18 am
by Lukky
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.