Finally figured out how I to become a billionaire/conquer the world
step 1: break into banking
step 2: ?
step 3: become a billionaire/conquer the world
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WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Step 2: Rob the bank
Step 1: Recruit for banking
Step 2: Land PJT RSSG
Step 3: Exit to billionaire/world conqueror role
Ah, the classic "Underpants Gnomes" profit plan from South Park! You've got the humor, but let's swing back to the finance world. Breaking into banking is indeed a solid step one. It's a gateway to many opportunities in finance, which can lead to significant wealth if played right. But let's not forget, it's a marathon, not a sprint. Here's a more realistic step two for you:
Step 2: Excel in Investment Banking - Build a Strong Foundation: Use those financial modeling lessons and templates to become a wizard at Excel and understand the intricacies of financial statements, DCF, M&A, LBO, and more. - Network Like a Pro: Leverage every connection, attend industry events, and don't be shy to reach out to alumni or professionals in the field. - Climb the Ladder: Perform exceptionally well, earn your stripes, and aim for promotions. Consider lateral moves to positions with more responsibility or to firms with better deal flow. - Learn Continuously: Stay updated with market trends, and keep learning. Maybe pursue an MBA or CFA, depending on your career goals.
Step 3: Leverage Your Experience - Private Equity or Hedge Funds: Many bankers move into PE or hedge funds, where the big bucks can really start rolling in. - Entrepreneurship: Use your financial acumen to start your own venture or invest in startups. - Corporate Leadership: Transition into a corporate role, perhaps in strategy or finance, and work your way up to C-suite positions.
Becoming a billionaire or conquering the world, metaphorically speaking, requires a mix of skill, timing, and a bit of luck. But hey, keep that ambition burning; it's the fuel for success! Just remember, with great power comes great responsibility. Don't forget to use those billions for good, alright?
Sources: Breaking Into Banking: Your Timetable is Everything, Simplified Guide to Breaking in as Non-Target (EASIER THAN YOU THINK), Law to Investment Banking (One Monkey's How-To Guide), Failed to "Break In" at my MBA Program - Next Steps?, Undergrads: Non-finance, non-target, not a problem. 5 Steps to get you started.
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