Hi, haven’t logged in awhile. A little bit about me, I completed a Financial Leadership Development Program at a Bulge Bracket Bank, currently working in Corporate Finance as a Senior Financial Analyst doing forecasting, analytics, and stress testing for a product group at this institution at headquarters.
Base salary is $90k in a low to medium COL city. TC including delayed stock comp and education benefits (not including 401k match nor health benefits) is roughly 105-115k.
Work is interesting, got into the bank due to this jobs conference for accountants and luck mostly. The interview was easy and anyone with a finance background could easily pass it. Getting a job internally was slightly harder, but still pretty easy. Tbh this job is a blessing and I’m grateful every day to work with chill people.
I could coast and build my own business or climb the corporate ladder if I want. I’m very satisfied with my job and can afford nice things. Only unfortunate thing is that I had no leverage negotiating salary for my full time position so they gave me no relocation and I have a much lower salary than if I gone external.
I’m available for any questions and will answer as many non personally identifiable things.
Based on the most helpful WSO content, here are some insights and takeaways from your AMA:
Role Overview:
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If you have specific questions or need advice, feel free to ask!
Sources: Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, Q&A: MD in M&A and Capital Markets with Bulge Bracket and Boutique experience, Why corporate banking instead of investment banking?, Commercial Banking - Comp/Lifestyle, Analyst Budget Thread Follow Up--Actual Expenses For An Analyst & Associate In Chicago
Do you feel you’re missing out by not being in NYC?
I had a good time in nyc while I was there for the FLDP. Don’t miss it though, I like having a car and a decent apartment in a cheap city. NYC is only worth it if you are making crazy money and you live there part time.
Naive high school senior here, thinking about majoring in finance but also worried about A.I. taking over entry level jobs 5 years later. Having a hard time deciding which to choose between engineering and finance, I'd appreciate your input!
What are your strengths? Do you enjoy math and science and do you build things on the side? If so then consider taking Calculus BC-AP and Physics II AP. If those classes in high school wreck you then I’d consider a finance degree with a minor in math/data science/machine learning etc.
I appreciate the response. Some context that I believe may be helpful:
I live with a single mom, and my main goal is to have her quit her job and pay for her and my little sister's expenses. The concern is if I'll be able to get a job after graduation, having seen the growth of AI in recent times. What would you do in this situation? Again, thanks a lot
Edit: I do enjoy math and science, making stuff is fun too. But after doing a bit of research on both fields, I find finance might be a better fit because I like working with people and money.
In that case, you need to lean into a finance degree with a minor in machine learning. You have to be able to use and manipulate ai in order to remain relevant.
Hi! My sister is applying for a senior financial analyst position in corporate development. Could you provide some insight into the interview process or any advice on how she should best approach this?
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