A 9-5 Job after your two year analyst stint?
Guys Im just curious about what the exit options after your two years at IB. I know most people go for HF or PE but I hear that that hours are not that much better.
I dont want to make IB a career, (if i manage to get a FT that is) nor do I wish to continue similar working hours after having worked as an analyst in HF or PE.
Its not that I dont want to work hard or achieve success but I realize that there has to be a work/life balance and without it your happiness will eventually suffer. I've worked long hours before in different jobs as a young kid and it is really soul crushing.
Two or even three years of hard work with 100 hour work weeks doesn't seem like too much of a sacrifice. However then going into PE or HF to work 70 or so hours does seem like not that much of a better deal
I am 24 and by the time I am 30, I can be working a 9-5 making 120K I'll be happy.
My question is that what are other jobs do people take after IB that offer a regular 40 hour work week. I understand that the pay will drop and thats fine.
Rather does having IB experience help with landing jobs in F500 companies or Government Jobs?
Thanks guys.
Go into sales/trading or possibly mutual fund management.
looks like we got ourselves an accountant here.
lol shudder
Commercial banking would have a related skill set to investment banking analysts that would require 40-50 hours a week. However, you can kiss that 50k bonus goodbye...PM if you want more info, I used to be in commercial banking.
I love how monkeys who havent even gotten a FT IB job yet are already looking down on accountants... at least be in the game before you act like a douche, douche.
A lot of F500 companies have in-house M&A teams. The hours are definitely better, but the pay certainly is not.
Here's a good discussion on the topic.
http://www.wallstreetoasis.com/forums/has-anyone-here-ever-done-proprie…
if u really want to work 9-5p for 120k there are many options outside of finance. There is no need for you to do an analyst program or anything like that. A suffolk county cop can make over 100k after 5-10 years on the job with very little stress so can any union tradesman. However, I hope you realize that at 120k/year you arent living anywhere near NYC or even in a decent suburb unless your wife works and makes decent money on her own. 120k/year is not enough to even really be middle class in the NYC area if you want a family.
You will be happy with 120k/year?
Move to North Dakota and you can become king in there.
Terrible example. Should of used like Tennessee, considering North Dakota is an oil haven and everyone has millions because their backyards.
After two-year analyst stint.. (Originally Posted: 03/18/2007)
For those of us who are doing banking to learn a little about finance before moving on to a job that might offer a better lifestyle (like 9-6 or so), what is the salary range that we are looking at? Assuming that I make 140k post-bonus and pretax after my second year, how much of a paycut am I looking to take if I move into industry and work at a corporate development position? Thanks for any help!
I think you are probably lucky to make $100k in a corp dev job at that level.
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