Path to FatFI in Private Equity / Investment Banking - Just Starting Career

I'm lucky in that I average 50-60 a week, without weekends, in quieter periods and that my output is closely related to a combination of skill and how quickly I can produce (i.e. rarely sat twiddling my thumbs unlike M&A guys) but I'm unlucky in that it's high pressure almost all the time AND I have to spend some evenings out with clients which can be a drain.

Not in NYC/SF hence I have to only assume on numbers, such as hearing about 1.5k for a shared bedroom with a short subway commute is a good rent, and to be honest $70k is quite a bit and I do think he can make it 40, however PE hours or at least IBD M&A hours are 8-9.30am until 10-2am most nights and 6-12 hours at least on a Saturday. That shit really takes a toll on your life.

I'm based in Europe and got my expenses down enough to average >50% SR in my first year alone (based on net total comp with a stub bonus), but it isn't always easy and I can totally feel the guys who follow the old mantra of spend the salary, bank the bonus. It's not the way to get fatfire but if your expenses stay flat then it's not a bad start after 2-3y!

/r/fatFIRE Thread Parent