Transitioning into Finance mid-career

Morning monkeys,

Question about career next steps. I'm working in financial journalism currently and I have 1 (soon to be 2) children. I'm also pursuing a CPA after getting a Masters in Accounting. I'm doing fine and can continue doing what I'm doing, but now that I'm in my early 30s, I want to turbocharge my career, and really, mostly my salary, and build long term wealth for my children. I've been trying to speak with a number of finance/accounting industry professionals to see what's out there.

As I look specifically at accounting and my current life situation, I'm not sure getting into that field makes the most sense. If I want to get a nice salary bump, I'd need to go to a Big 4 (and take a big pay cut), and work my way up with tough hours. If I tried IB, I wouldn't take much of a pay cut, but same deal hours-wise.

However, I've spoken to a number of folks in the general WM field. It seems like starting at a private bank could make some sense, and then possibly switching to an RIA or WM firm with better hours down the road. I figure Private Banks have good starting salaries, are in major metro areas (where I am), and offer pretty decent hours, compared to my other options.

Can anyone speak to these experiences, or offer other ideas on my current situation? Thanks for taking the time to read and advises. Cheers,

2 Comments
 

Ut dignissimos ut incidunt voluptatem ratione assumenda. Dolor explicabo numquam harum totam.

Aliquam quibusdam et laboriosam illum ullam eaque. Nisi quo at quo et eum exercitationem. Eveniet doloremque et tenetur magnam quae eligendi. Assumenda mollitia in eos quasi adipisci. Autem expedita quo dolorem molestiae aspernatur.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”