Reps and Warranties Insurance Exit Opps and Comp Comparisons for a Young Chimp

I graduated from a strong, non-target Patriot league school in 2020. I just landed a job in Reps & Warranties Insurance at a large firm. For those that don't know, we work with IB/PE firms to insure buyers in M&A transactions so that the representations made by sellers about their companies are not bullshit. Also helps out sellers because they can take out an insurance policy instead of putting 10% of their sale in Escrow for 5 years. The underwriters on my team are former IB/PE guys or M&A lawyers looking for a better WLB. Long story short, although most people in finance clown on insurance; this is a great niche market that is growing in popularity and has some really smart/experienced people in it. Mainly, I am wondering how my comp compares to my peers in the IB/PE/Corp Finance roles at my age (23). My base is $75k but our group is very M&A law centric so we are encouraged to work 70 hours a week while taking overtime for everything above 40 hours. I calculated it and if I average 70 hours a week for the year it would come out to $150k. How does this compare in terms of work life balance and overall comp? Also, right now my plan is to put my head down and work hard as I can in this role for at least two years before looking for exit opps. Any advice on how to break in to the banking/PE side? Was thinking MBA or pursuing a CFA. Either way, I could remain in this path but that requires Law School and I don't know how I feel about it. If anyone has any advice, I would greatly appreciate it. Apes Together Strong.

 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Qui sit aut iure rem perspiciatis laborum. Pariatur neque consequatur libero laborum ut. Aliquid nobis mollitia ut omnis numquam in.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”