Why don't more of you go F50?
I've been reading WSO for a while now and obviously this is a forum oriented towards finance jobs in New York. In light of the recent Best Buy CEO firing, I was asking myself: this guy never went to college, is making 8 figures a year, and is kind of a moron (trust me--I know him), and became CEO of a large company. So many people want to break into a hedge fund after IBD or whatever, but why don't more of us go for corporate roles at large non-finance companies? Sure it takes longer to make so much money but with the work ethic of people here, it's definitely possible to be making serious cash at a reasonable age. And isn't the work/life balance much better?
Am I missing something here? Is it easy to leverage high finance experience into a corporate/executive role at a F50 company? Is the prestige factor that comes with becoming the next Phil Falcone hedge fund mogul really that important to you guys?






Doing IB is the safest route
Doing IB is the safest route to financial success for people interested in finance. Period.
Yet most people that do IB
Yet most people that do IB hate it....interesting
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I mean beyond IB though.
I mean beyond IB though. Hence my question about leveraging finance experience to something else.
"I'm the luckiest guy in the world, and when I die I want to come back as me."
-Mark Cuban
if you get stuck at the
if you get stuck at the manager/senior manager level, you're making $120k/year with a modest bonus. meaning, you're making less than an IB associate. not gonna lie... this is a major reason i want to leave my F1000 finance role. maybe comp is higher at F500, F100 or F50, but i doubt it's THAT much different.
Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
it is not presteejous enough.
it is not presteejous enough.
Another problem I found was
Another problem I found was initial recruit for F500 companies. Just about all their interns and first years are from where they do OCR's. Coming from a non-target I found it very difficult to land any interviews for corp finance at those companies. However crazy this sounds I wanted to do Corp Fin at a F500 over IB. While IB was super hard, it was much easier to network with people and at least land a couple of interviews (because of the network I developed) I did get a SA position in IB this summer and am very grateful for what I have.
Corp Fin is great and something I would consider after I settle down. Once I am set on marriage that is when I plan on leaving IB/PE/HF wherever I will be at the time which to me is around 26-30. I am sure I will have made a decent amount and plan on saving some and making some good investments.
sayandarula wrote: if you get
if you get stuck at the manager/senior manager level, you're making $120k/year with a modest bonus. meaning, you're making less than an IB associate. not gonna lie... this is a major reason i want to leave my F1000 finance role. maybe comp is higher at F500, F100 or F50, but i doubt it's THAT much different.
Not sure about the senior manager level, but I knew VPs of F10-20 companies that were clearing 800K (most of the VPs making this much were working abroad - this gives you more perks). These are men/women in their late 30's to early 40's, in my mind that's not bad (especially considering the hours).
theATL wrote: sayandarula
if you get stuck at the manager/senior manager level, you're making $120k/year with a modest bonus. meaning, you're making less than an IB associate. not gonna lie... this is a major reason i want to leave my F1000 finance role. maybe comp is higher at F500, F100 or F50, but i doubt it's THAT much different.
Not sure about the senior manager level, but I knew VPs of F10-20 companies that were clearing 800K (most of the VPs making this much were working abroad - this gives you more perks). These are men/women in their late 30's to early 40's, in my mind that's not bad (especially considering the hours).
That is much higher than the norm
This thread gives you more insight: http://www.wallstreetoasis.com/forums/corporate-fi...
I work for a F20... VP's
I work for a F20... VP's (most of whom are in their 40's) make on low-end about 400K and high-end 1M+. Your job position is largely tied to compensation. VP is also very largely arbitrary. Not all VP's are made the same. In my org we have VP's who report to VP's who report to VP's. This gets ridiculously confusing and their comp is not all the same. In corporate finance within the org they make 400-600K whereas the sales VP's are making 500-1M so huge disparity. Why do most people in finance not go this route? You ever work in a F50 in corporate finance? Finance is often viewed as a support function (watch the office episode where the sales staff is king to even the management). There are so few executive positions in finance compared to your counterparts in the operational side of the equation.
The poster who said most get stuck at 120k/year with modest bonus are absolutely correct. Most will get to the manager/senior manager type of position and find themselves stuck because too few executive positions actually exist in finance... I mean who many do you really need? This is what prompted me to return and get my MBA at an M7 and hope to break into an M&A group (have interest here). The path to 'wealth' in the corporate world is a much longer journey and often one that people will never complete.
interesting. thanks yall.
interesting. thanks yall.
"I'm the luckiest guy in the world, and when I die I want to come back as me."
-Mark Cuban
sayandarula wrote: if you get
if you get stuck at the manager/senior manager level, you're making $120k/year with a modest bonus. meaning, you're making less than an IB associate. not gonna lie... this is a major reason i want to leave my F1000 finance role. maybe comp is higher at F500, F100 or F50, but i doubt it's THAT much different.
I have heard this to be true as well. If you enter in at the entry-level, you can sometimes get stuck/not advance as quickly as someone who comes in at a higher level and has top-tier experience such as BB banking or MBB consulting. There can be a ceiling of sorts.
SECfinance
if you get stuck at the manager/senior manager level, you're making $120k/year with a modest bonus. meaning, you're making less than an IB associate. not gonna lie... this is a major reason i want to leave my F1000 finance role. maybe comp is higher at F500, F100 or F50, but i doubt it's THAT much different.
I have heard this to be true as well. If you enter in at the entry-level, you can sometimes get stuck/not advance as quickly as someone who comes in at a higher level and has top-tier experience such as BB banking or MBB consulting. There can be a ceiling of sorts.
This. Entry-level Corp Fin only seems to rival banking/consulting in exit opps within corp fin when there is some sort of leadership development program, even then it has to be a strong one.
Because it's a support role.
Because it's a support role.
You're posting on a site
You're posting on a site about IB. It should not surprise you that most people here want to do IB.
there are CEOs of
there are CEOs of decent-sized companies out there who make what some 1st year hedge fund associates make.
Financial Modeling Training
Guide to Finance Interviews
Banking Resume
You can make enough money at
"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali
Oh! That I might find myself
prospie wrote: there are CEOs
If I had asked people what they wanted, they would have said faster horses - Henry Ford
Being 50th percentile in IB
happypantsmcgee
dublin
CompBanker
No way it is that low. My dad
"I'm the luckiest guy in the world, and when I die I want to come back as me."
-Mark Cuban
FusRoDah wrote: No way it is
CompBanker
FusRoDah wrote: No way it is
Scott Irish wrote: Oh! That I
BigBucks wrote: FusRoDah
"I'm the luckiest guy in the world, and when I die I want to come back as me."
-Mark Cuban
FusRoDah wrote: BigBucks
Totally mixed bag. I'm at a
If I had asked people what they wanted, they would have said faster horses - Henry Ford
happypantsmcgee
At my company (F500 tech)
FusRoDah wrote: BigBucks
corporate finance is NOT
Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
harvardgrad08 wrote: At my
Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
those are the ranges for all
Harvardgrad's company pays
The only time it would be
"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali
My bad kids, didn't realize
If I had asked people what they wanted, they would have said faster horses - Henry Ford
pacman007 wrote: Put your 3-4
Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
smaller firms = more exposure
It's all about brand
"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali
bears nailed it pretty much
BigBucks wrote: smaller firms
Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
BigBucks wrote: to anyone who
F50 is great
I'm gonna get that bish some binary
Bishes love binary
---------
Kind Regards,
Bin_Ban
accountingbyday
accountingbyday
I always wonder what company
Well if you look at the F500
accountingbyday
Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
I just took a position with a