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Best work/life balance
 

TheUTGuy's picture
(Chimp, 11
 
Points)
 on 6/25/12 at 1:00am
work life balance.jpg

I'm a rising sophmore and I personally would rather make 100k/year working 50 hours a week rather than 500k working 100 hours.

My question is, what position at, let's say a f500, would allow for the hours I desire, and have a decent salary? What would be the starting salary at said job?

Thanks!

Tags:
BlackHat's picture

I get what you're saying and

HF
 
Points)
 on 6/24/12 at 10:32pm

I get what you're saying and all, but temper the expectations on the 50 hours for 100k, 100 hours for 500k projection by a factor of about... a lot. I guess if you're happy with like 50 hour weeks making 60-70k with marginal bonus, then moving up to like 80k, 100k, etc. and maybe topping out at like 300k, then the F500 corp. dev. thing works for that I think.

But if you wanna earn big you usually have to start off somewhere that's intense, otherwise everyone would be doing it, no?

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

TheUTGuy's picture

I completely agree. I was

(Chimp, 11
 
Points)
 on 6/24/12 at 10:35pm

I completely agree. I was being a little dramatic about the salary/hours lol. Also, how long until that 80-100k mark? Thanks for your response.

Flake's picture

I think you're looking for

ER
(Neanderthal, 3,563
 
Points)
 on 6/24/12 at 10:36pm

I think you're looking for www.averageassjoeoasis.com.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

BTbanker's picture

Flake: I think you're looking

IB
 
Points)
 on 6/24/12 at 10:39pm
Flake:

I think you're looking for www.averageassjoeoasis.com.

LOL

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

hockey1316's picture

How long before you want the

CO
(Gorilla, 503
 
Points)
 on 6/24/12 at 10:44pm

How long before you want the 100k 50 hr gig ? Because those types of jobs you will be starting much lower than most finance jobs...unless you move out of the field and do something else entirely

TheUTGuy's picture

Average because I'd rather go

(Chimp, 11
 
Points)
 on 6/24/12 at 10:45pm

Average because I'd rather go corporate than IB?

BTbanker's picture

You can make some pretty good

IB
 
Points)
 on 6/24/12 at 10:57pm

You can make some pretty good mula in PWM too. I know a few 20 somethings making 200-300k/year, but they are very personable with good clienteles of course.

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

SECfinance's picture

BlackHat: I get what you're

IB
(King Kong, 1,414
 
Points)
 on 6/24/12 at 11:00pm
BlackHat:

I get what you're saying and all, but temper the expectations on the 50 hours for 100k, 100 hours for 500k projection by a factor of about... a lot. I guess if you're happy with like 50 hour weeks making 60-70k with marginal bonus, then moving up to like 80k, 100k, etc. and maybe topping out at like 300k, then the F500 corp. dev. thing works for that I think.

But if you wanna earn big you usually have to start off somewhere that's intense, otherwise everyone would be doing it, no?

Most F500 corp dev requires IB experience.

West Coast rainmaker's picture

Compliance starts at 70k with

ER
(Neanderthal, 2,071
 
Points)
 on 6/24/12 at 11:06pm

Compliance starts at 70k with a small (5-10k?) bonus. They work ~50 hours per week. You could hit 100k 3 years in. Easy to do.

Within the F500 world, let's say you do GE FMP. Granted, the hours are more than 40/week. I think they start at 60k. Corporate audit (2 years in?) is ~90k. Another year or two and you should be at 100k.

Or forget finance all together. Work in IT for a large bank. Work as an engineer. You can clear 90k with a few years of experience as an radiology-technician. You can do even better as a nurse.

The 100k barrier is not that high...if you study something practical and navigate recruiting competently, you should be fine.

BTbanker's picture

West Coast

IB
 
Points)
 on 6/24/12 at 11:18pm
West Coast rainmaker:

Compliance starts at 70k with a small (5-10k?) bonus. They work ~50 hours per week. You could hit 100k 3 years in. Easy to do.

Within the F500 world, let's say you do GE FMP. Granted, the hours are more than 40/week. I think they start at 60k. Corporate audit (2 years in?) is ~90k. Another year or two and you should be at 100k.

That all sounds good, but when you compare that to IB, the opportunity cost by the 3rd year is over 100k.

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

TheUTGuy's picture

Thank you for all of yall's

(Chimp, 11
 
Points)
 on 6/24/12 at 11:36pm

Thank you for all of yall's help. It certainly gave me some things to research!

West Coast rainmaker's picture

Connor: West Coast

ER
(Neanderthal, 2,071
 
Points)
 on 6/24/12 at 11:52pm
Connor:
West Coast rainmaker:

Compliance starts at 70k with a small (5-10k?) bonus. They work ~50 hours per week. You could hit 100k 3 years in. Easy to do.

Within the F500 world, let's say you do GE FMP. Granted, the hours are more than 40/week. I think they start at 60k. Corporate audit (2 years in?) is ~90k. Another year or two and you should be at 100k.

That all sounds good, but when you compare that to IB, the opportunity cost by the 3rd year is over 100k.

Oh, there's no doubt about that. Any FO provides vastly more career growth. And considering how that first job can alter your career trajectory...it's no wonder that people are not fighting to work in compliance. However, if you just want to earn 100k, and not much more, compliance is a straight path.

OMS's picture

hey flake whats up man.

PE
(King Kong, 1,886
 
Points)
 on 6/25/12 at 12:02am

hey flake whats up man.

awqtfq's picture

I don't understand how people

(Orangutan, 250
 
Points)
 on 6/25/12 at 12:04am

I don't understand how people are able to settle like this. I guess it's a good thing because it takes away from the competition, but I fail to see how people are not motivated to always have more.

BTbanker's picture

BVMadden: I don't understand

IB
 
Points)
 on 6/25/12 at 12:13am
BVMadden:

I don't understand how people are able to settle like this. I guess it's a good thing because it takes away from the competition, but I fail to see how people are not motivated to always have more.

I agree with this statement completely. This answers the question that all the people who live in mediocrity have been pondering over for decades. Does Wall Street bring out the greed and overwhelming desire to be great, or does it just attract the type A's. It's obviously the latter.

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

obscenity's picture

BVMadden: I don't understand

 
Points)
 on 6/25/12 at 12:13am
SRRubio123's picture

BVMadden: I don't understand

 
Points)
 on 6/25/12 at 12:15am
awqtfq's picture

WSOWill: BVMadden: I don't

(Orangutan, 250
 
Points)
 on 6/25/12 at 12:19am
awqtfq's picture

obscenity: BVMadden: I

(Orangutan, 250
 
Points)
 on 6/25/12 at 12:21am
West Coast rainmaker's picture

Connor: BVMadden: I don't

ER
(Neanderthal, 2,071
 
Points)
 on 6/25/12 at 12:51am
SRRubio123's picture

BVMadden: WSOWill: BVMadd

 
Points)
 on 6/25/12 at 1:06am
goodL1fe's picture

The only way I would settle

 
Points)
 on 6/25/12 at 1:27am

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Domino's picture

WSOWill: BVMadden: WSOWil

(Baboon, 134
 
Points)
 on 6/25/12 at 4:01am
jacksooon999's picture

BVMadden: I don't understand

(Baboon, 121
 
Points)
 on 6/25/12 at 6:01am
RichardPennybags's picture

jacksooon999: There isn't an

ST
 
Points)
 on 6/25/12 at 7:13am

"Every man should lose a battle in his youth, so he does not lose a war when he is old"

BlackHat's picture

jacksooon999: BVMadden: I

HF
 
Points)
 on 6/25/12 at 7:46am

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

awqtfq's picture

phaeocise: BVMadden: WSOW

(Orangutan, 250
 
Points)
 on 6/25/12 at 9:12am
RichardPennybags's picture

BVMadden: I got stuck at my

ST
 
Points)
 on 6/25/12 at 10:00am

"Every man should lose a battle in his youth, so he does not lose a war when he is old"

rjroberts1's picture

It'd be interesting to see

ER
(Baboon, 161
 
Points)
 on 6/25/12 at 10:01am
TheUTGuy's picture

I realize that all of you in

(Chimp, 11
 
Points)
 on 6/25/12 at 10:11am
awqtfq's picture

rjroberts1: It'd be

(Orangutan, 250
 
Points)
 on 6/25/12 at 10:26am
awqtfq's picture

By the way, the original post

(Orangutan, 250
 
Points)
 on 6/25/12 at 10:34am
happypantsmcgee's picture

Flake: I think you're looking

O
(Almost Human, 9,621
 
Points)
 on 6/25/12 at 10:44am

If I had asked people what they wanted, they would have said faster horses - Henry Ford

rjroberts1's picture

BVMadden: rjroberts1: It'd

ER
(Baboon, 161
 
Points)
 on 6/25/12 at 12:32pm
illiniPride's picture

BVMadden: I don't understand

IB
(King Kong, 1,099
 
Points)
 on 6/25/12 at 1:18pm

Leadership can be defined in two words: "Follow Me"

pacman007's picture

fucking college kids.

(Gorilla, 668
 
Points)
 on 6/25/12 at 8:10pm

"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali

BlackHat's picture

happypantsmcgee: Flake: I

HF
 
Points)
 on 7/2/12 at 5:35pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

SonnyCrockett's picture

BVMadden: I don't understand

O
 
Points)
 on 10/13/12 at 6:43pm
reformed's picture

BVMadden: I don't understand

(Orangutan, 301
 
Points)
 on 10/13/12 at 7:10pm
SirTradesaLot's picture

SRRubio123: I'm confident I

O
 
Points)
 on 10/13/12 at 8:07pm

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

awqtfq's picture

reformed: I don't understand

(Orangutan, 250
 
Points)
 on 10/15/12 at 5:24pm
AllDay_028's picture

Why is WSO so full of

CF
 
Points)
 on 10/15/12 at 5:32pm
reformed's picture

BVMadden: reformed: I don't

(Orangutan, 301
 
Points)
 on 10/15/12 at 7:27pm
Obi2012's picture

some people just aren't

ST
(Monkey, 45
 
Points)
 on 1/22/13 at 1:09am

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