LaxAttack09,
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I agree but I think you assume that PE/HF = $$$. Most, the vast majority, of PE/HF associates do not make $$$
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You keep using words such as "most people" and "the majority." If you graduate from a top school and get a job at a BB bank, you will get a good ideal. Across the board, PE/HF pay is significantly better than the pay at the IB analyst level. Some of the big PE firms guarantee 400-500k for incoming associates - not bad for someone in their twenties. And of course, the pay is astronomically greater at the MD/partner levels.
Sure, it's easy to take a shot at me for being in HS. Guess what, I talk to people in the industry too. Whatever experience you may have does not excuse your overbearing cynicism. Yeah, the economic downturn does not bode well for IB jobs, but the outlook you prescribe to the future of IB is excessively bleak.
And (I hope you know this), it is much, much riskier to try to start a business than to work in IB. Someone needs a clue.