Why 13 Young Analysts Picked Wall Street Over Silicon Valley

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The computer science intro class was "the hardest class ever."

The computer science intro class was "the hardest class ever."

“I had to take the computer science intro class for the engineering requirement. Holy ****, it was the hardest class I ever took in my life. I was up until 4 AM trying to get those problem sets done.”

First year analyst, bulge bracket bank

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Everyone in the family worked in finance.

Everyone in the family worked in finance.

“Both my father and grandfather worked at banks, and I went into college assuming I would do the same. I grew up knowing a lot about the industry. I never thought about going into tech... Or being a doctor or lawyer, or anything like that.”

Second year analyst, bulge bracket bank

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There's a strong fraternity alumni network connected to some banks.

There's a strong fraternity alumni network connected to some banks.

“A lot of my frat’s alumni worked at [a big bulge bracket bank]. It just seemed like... the most direct path for me. I actually secured my summer analyst gig by December.”

First year analyst, bulge bracket bank

(Business Insider note: Summer analyst offers are not typically made until the second semester — after the recruiting season.)

It paid more than being a professor.

It paid more than being a professor.

"I actually always wanted to be a professor. Then by fall of junior year, life got real... And it seemed like a bad idea to be a professor in the middle of nowhere, when I could make money in New York."

First year analyst, boutique bank

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To pay back loads of student loans.

To pay back loads of student loans.

"Student loans. I wanted to pay off my student loans. No, I needed to pay them off. I'm not planning to stay at this job forever... I wanted to work at a startup, actually, but realistically there's no guarantee that I would have made money there."

First year analyst, bulge bracket bank

One guy found out another job was more boring than finance.

One guy found out another job was more boring than finance.

"I worked as a summer analyst, and then didn't get an offer. After that I was so burnt out going into senior year [of college] that I didn't want to go through the whole insane recruitment process again. I ended up going for a decent engineering job. After a month on the job, I was completely bored and I wanted to get back to investment banking."

Associate, bulge bracket bank

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They found work on the tech side of Wall Street — the best of both worlds.

They found work on the tech side of Wall Street — the best of both worlds.

“I actually work in tech at a bank! [laughs] It's like the best of both worlds! [laughs] Actually, it was pretty hard to decide whether I wanted to work at a bank or at a tech company, but I got a better financial offer at the bank."

Second year analyst, bulge bracket bank

Wall Street offers a stable career path.

Wall Street offers a stable career path.

"I know the whole San Francisco tech scene is really 'sexy' right now, but I wanted something more stable. My parents never went to college, and we had a lot of financial difficulty when I was growing up. So my priority during the job search was finding something stable."

Second year analyst, bulge bracket bank

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Some parents really push their kids to Wall Street.

Some parents really push their kids to Wall Street.

"My parents pushed me so hard to get into an Ivy League school. But that was nothing compared to how hard they pushed me to get an investment banking job. ... They don't understand why 'anyone would work in sweatpants tinkering around with computers.'"

First year analyst, bulge bracket bank

Investment banking is a stable long-term career, while tech changes fast.

Investment banking is a stable long-term career, while tech changes fast.

"Do you remember what websites looked like in the 90s? Nobody needs that today. Anything I'll be able to do in tech today, won't matter in 20 — no — 10 years. But if banks made it through 2008, then they're around for the long run."

First year analyst, bulge bracket bank

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Wall Street works plays better to their strengths.

Wall Street works plays better to their strengths.

"Finance plays to my strengths. I personally could never design the next flying-car-computer thing, but I can work on the financial deals and mergers for those companies."

Analyst, bulge bracket bank

Tech's "not enough money."

Tech's "not enough money."

"You make a lot of money as an engineer straight out of school. But then it plateaus really quickly."

Second year analyst, bulge bracket bank

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And surprise, surprise — some people "actually" like their banking job.

And surprise, surprise — some people "actually" like their banking job.

"Everyone hates on Wall Street. But you know what, I actually like the job. Haters gonna hate."

Second year analyst, bulge bracket bank

And if you happen to be dating one of these young financiers, here are the...

And if you happen to be dating one of these young financiers, here are the...

15 Signs It's Time To Break Up With A Wall Streeter>

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