Hey all,
I am currently a VP2 in Levfin trying to get out of banking for lifestyle reasons. I'm essentially looking for better hours and I am okay with getting lower pay. The two roles mentioned in the titles are offers I have received so far, which I am fairly content with (all in comp is $250k plus for both roles). I am engaged, planning to get married soon, and own my place in NYC hence trying to exit.
Essentially, I am just trying to get out of IBD and try my hand at a more normal job since I'm in my early 30s at this point. I spoken to a number of people in both teams, and they all cited 45-55 hrs per week (with no/limited weekend work), which is a significant improvement over my current lifestyle.
My question is, which role will allow me to retain the greatest career optionally (in corporate and finance)? Secondarily, which one would you think would have a larger earning potential down the line?
Credit Risk at Goldman would obviously fit your skillset better and if you enjoying doing deals, Credit Risk is a no brainer vs. FP&A IMO.
Would say Goldman here
GS Credit is not a 40-55hr job. You are working longer hours than that especially if you are in a corporate industry team. Still better than levfin though
45-55 hrs at Goldman? Lmao Even operation teams at Goldman work 70 hour weeks.
I'm not sure about Amazon, I did talk to some people that stated work life balance was great, but I think there are some tech forums/websites such as fishbowl or blind something that can give you insight into work life balance on specific teams at Amazon.
Just not true
Ok intern
I interned at AMZ for fp&a and I wouldn’t touch it with a 10 foot stick.
Most groups are understaffed with high attrition making everyone overworked and nobody has the time to help you learn and adjust to the role. Happy to dm about specific teams to stay away from it’s that’s helpful too.
Oh, I've spoken with many of them and was given a different view. Was it group dependent or just overall?
Not sure if it matters but FWIW, my role at Amazon would be more project-based/strategic rather than reporting and data reconciliation.
Hi, can I DM you? Wanted to know some information on Corp Dev team at Amazon.
I am also in a similar position, but earlier in the process. I am having trouble deciding on potential roles given the number of options outside of banking. Can you provide any tips on how you went about recruiting for non-IB roles? Thanks in advance.
In terms of your questions, I would also give consideration to what working environment you want to be in. It is definitely a big consideration for me.
I got the Amazon offer from a referral through a friend's friend, while I just applied on the GS website (did it without thinking actually). I also had a few headhunters/internal recruiters reach out to me on Linkedin who wanted me to interview (even without seeing my resume). Obviously, it's a lot easier to get your foot in the door via a referral compared to cold applying but I've still had a lot of success getting the first round interview when just applying on Linkedin/company website. I think the reasoning behind this is probably the hot job market - I've never seen it this hot/favorable for prospective employees in my nearly 10 years working in the industry. I had ~4 interviews every day for a month, and it came to the point where interviewing took up a significant amount of time. I understand that each personal situation is different but there is no better time to lateral/find a new role than right now (especially with a potential recessionary environment looming).
Not sure if helpful but I might also add that a lot of fintechs and startups are also hiring in the market right now it seems (despite what you see in the headlines). I've had many of them reach out to me or my banker friends asking if we were interested in speaking about xyz role. Salaries for those positions are also competitive (surprisingly) with many offering $200k+ for base comp. One of my friends from an American BB actually just transitioned to a start-up for better hours.
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