Why is everyone old?
Anyone else notice how people on the corporate world are all like old af? I'm currently a finance manager at a decent size company and I'm the youngest by like 10 years at least besides a couple of our FAs (I'm in the 24-26 range). Some of the SFA's are old enough to be my dad, and it just weirds me out.
Currently picturing a firm full of viagra fueled Isaiahs running around poking anything that breathes under 21 years old
I lol'd at this.
range is 18 - 25 son and I don't initiate
love u boo
- Some people just look older than they actually are, especially in some countries or with certain races where men tend to have pattern hair loss from an early age. Some of my colleagues are 32 and look 47 (When I joined my firm I accidentally called unknown people "sir" and then realized they are only a few years older than me).
- Colleagues may look older or more mature when they dress up /w shirt and tie or a suit jacket. They style their hair a certain way and you'd be shocked how much younger they look with sneakers, a hoodie and more relaxed hair.
Generally speaking, average ages for employees have gone down for us a firm because of certain HR policies.
When I read the title for some reason my mind thought about that YouTube video, “why are you gae?”
I suggest you eat a gummie.
Right, cuz you're never gonna get old.
Next.
Ok, Boomer
I think you're referring to the fact that Corp Fin doesn't usually have a straightforward promotion track. Given there are also many people content with their current positions, this leads to people being in positions that don't traditionally make sense for their age. For example, I know an analyst (yes, like entry-level analyst position) who recently celebrated her 25-year anniversary at her BB in the CF division. Still kind of shocking to me to this day that someone would be ok remaining an analyst for decades. I would imagine with so much experience, that she is really good at her job but basically puts in the bare minimum to get her salary and the firm is fine with that.
With age comes experience?
How did you become a Finance Manager so quickly? Comp? Firm Size? Do you manage people?
I don't think it was "so quickly", I have almost 4 years of experience (path was 1 year FA, almost 2 years SFA, then manager). Also, my mission was and is always maintaining relationships with higher management and building trust which helped a lot I think, on top of just an eagerness to get involved (call me a brown noser, but I'm stuck working regardless so might as well do what's best for me). Company size is a few billion in revenue, and I have one analyst reporting to me, comp (counting equity) is only 140ish, but LCOL area so idgaf.
Finally, one thing I've noticed is a lot of people seem to get easily confused when things scale, but understanding that the general principals of financial management apply regardless of scale helps me when thinking about problems / model building / story telling without getting lost in the weeds.
I am always surprised at the lack of young people and anyone over 50 so I think you’re definition of old is too young.
It seems to me that people ages 35-50 run almost the entirety of every corporation and people under 30 are essentially nonexistent in most places.
That is a fair assessment. To add to this, I don't get why more young people don't go into corporate finance. It's not especially difficult, and the pay isn't bad compared to most fields save medicine / high finance, and even then, the guy two rungs above me is pulling in a stupid amount of money, so it's not like the earning potential isn't there.
Earlier stage you go the younger the teams tend to be if you want to work with peers closer to your age. Interviewed at mostly Series B-D stage companies when looking to move from PE and often the oldest people would be in their 40s, with most of team in their 20s and 30s.
Did you start in IB or CF before going PE then start-up? Do start-ups tend to have a preference on IB/PE backgrounds over CF for finance roles?
Yeah did 3 years IB (left right after getting A2A), 2.5 years PE. Naturally a lot of startups are tech oriented so biggest hurdle for me was convincing people I was familiar w/ SaaS / tech business models. And I'd say it depends on makeup of the team and what they're looking for - accounting / CF heavy teams tend to not value IB / PE skillset as much I found, or at least that was the perception I got.
Did you get equity? I talked to a couple firms in that range, and none of them offered equity below Director level.
Every one of the firms I talked to provided equity, even for associate positions (ended up w/ a senior manager position).
Most people pursue Corporate Finance in the mid-late career after working in IB, PE or other more intensive work environments. Corporate Finance is seen as an exit opportunity given the hours are far better (50 hours/week vs. 80 hours/week) and in the later half of their career, individuals value work/life balance a lot more than career progression & compensation.
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