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As an aspirant I really need a picture of what I am signing up for
2. You either end up at these places because of the massive privilege you have or when by stroke of luck and hardwork, your stars simply align.
3. If you have to ask then most likely it's already late or it's highly unlikely that your stars will align.
However keep in mind that:
- IB reimbursement is unreliable (bonuses across big bank this year were absolutely ghastly, which sadly make up 70% of their component)
- it's as stressful and demanding as a law firm job if not more
- you're expected to sell more than sit back and produce. You're under pressure of "originating business" and would still be expected to be on time with deliverables.
IMHO, it's worse off than law firms job as pay difference is not that crazy. Law Firm advisory has relatively higher margins than IB fees.
Source: ex worked w/ jpm at WS