Best Wall Street jobs for career stability/security

knowing how the back/middle office are pretty much glorified minimum wage, its obvious the front office is where people both have better job security and pick up more transferable skills. However, IBD guys are known to not last long or be career bankers. Which positions of IBD, ER associate, trader, corporate finance, etc. have the best job security if you get lucky enough to be hired? How much more security do PE jobs have? Are bigger companies more secure than boutiques/MM? I'm goin MSF and I want a career, not simply a job. Is non-MBB consulting a safe career? Is non-accounting Big Four safe? Which career is one in which you're not so replaceable?

 
Best Response

You sound misinformed. First of all, I am aware of the huge bias people on this forum have towards front office jobs (myself included, to be fair - that's why I'm going into IB vs. ops) but back and middle office jobs are hardly "glorified minimum wage." On the contrary, many back/middle office positions have similar starting salaries to front office positions, and most of the earnings gap lies in the bonus. You can easily make a great career out of a back/middle office job - you'd have a great work/life balance and make much more money than you would at most other 9-5 jobs.

PE jobs don't have a ton of job security. I'd say out of your list, corporate finance jobs have the best job security (just my opinion) and smaller firms don't necessarily have worse job security than larger firms.

 
notthehospitalER:

You sound misinformed. First of all, I am aware of the huge bias people on this forum have towards front office jobs (myself included, to be fair - that's why I'm going into IB vs. ops) but back and middle office jobs are hardly "glorified minimum wage." On the contrary, many back/middle office positions have similar starting salaries to front office positions, and most of the earnings gap lies in the bonus. You can easily make a great career out of a back/middle office job - you'd have a great work/life balance and make much more money than you would at most other 9-5 jobs.

PE jobs don't have a ton of job security. I'd say out of your list, corporate finance jobs have the best job security (just my opinion) and smaller firms don't necessarily have worse job security than larger firms.

I'm looking for a career where I can send two or three kids to a private college, own a house, and live in a good school district in a legit metropolitan suburb. Even if the wife is a stay-at-home mom. Also I want to insure my would-be family with health care. While my brother n I will inherit mid 7 figures in like 25-30 years, it doesn't last forever and won't be worth as much. I also don't want my kids to be the poorest in their school when I have them. I'm in my mid 20s now.
 
JohnBrohan:

I'm looking for a career where I can send two or three kids to a private college, own a house, and live in a good school district in a legit metropolitan suburb. Even if the wife is a stay-at-home mom. Also I want to insure my would-be family with health care. While my brother n I will inherit mid 7 figures in like 25-30 years, it doesn't last forever and won't be worth as much. I also don't want my kids to be the poorest in their school when I have them. I'm in my mid 20s now.

FUCK. ME. You have it all figured out. I'm trying to think of what to eat for dinner tonight.

 

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