Forbes publishes a list of the top 30 under 30 bankers, traders and dealmakers each year, with a list of their accolades and achievements – all of which are numerous considering their age. Take Fred Ehrsam, for example, he is 25years old and currently trying to help take Bitcoin into the mainstream after having been a trader at Goldman Sachs. Then there’s Morgan Stanley’s Jeffrey Sun, a 29-year-old executive director and the investment bank’s primary trader in oil products options.
According to data from businessweek.com, the average age of an investment banker is 35, with people leaving the profession early to pursue less “high-pressure” careers, hopefully after making some money along the way.
This might suggest that investment banking; trading; deal-making is a young person’s game – certainly its high pressure. Even though pursuit of that game (and the pressure) might be fun, perhaps it’s not sustainable over a longer period of time, say a 45 year career?
The pace of change in market conditions, the speed at which economies fluctuate and the need to move as soon as opportunity knocks definitely keeps dealmakers on their (youthful) toes.
In two week’s time, Merrill DataSite is sponsoring an event for Young People in Private Equity. The event is being organised by the BVCA. Those attending are the rising stars in PE deal-making and at Merrill DataSite we want to support them each step of the way.
Merrill Corporation has been supporting clients for over 40years. We have the experience to understand transactions and the need to move fast when projects come along. We know that dealmakers need to have data ready for market when opportunity arises. We also know the job can be stressful too. Our virtual data room solution, Merrill DataSite, is smart and simple to use, making one less thing to worry about during a transaction. We have the age and experience to support dealmakers 24/7/365 – young or old.
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