Career Path to be Making ~$300K at 30?
I will be returning full time to a respected MM (think HL, RJ, HW) and am debating long-term career options. I am perfectly fine grinding it out for several years, but at some point I want to have a better work/life balance. I know this comes at the cost of compensation, and I am not looking to be making $1M+ by 35, but I still want to be able to make a decent living. From a pure pay and work/life balance perspective, what is the best way to achieve a ~$300K total comp while working 50-60 hours per week on average by 30, with some upward potential beyond that? Will a F100 Corp Dev role get you there, or is the comp going to be low? What about LMM PE or family offices?
I am strongly considering going A2A and then exiting to one of corp dev, LMM PE or family office after 5-6 years in IB (potentially earlier). Obviously it will vary depending on firm, deal flow, etc., but are my objectives ($300K all-in and 50-60 hour weeks by 30) realistically achievable in one of these fields? If not, is there another job in finance that will? I would ideally be in a Tier 2 / 3 city (DEN, CHT, DAL, etc.) after the ~5 years in banking, but will be starting out in one of (CHI, LA, BOS).
Am I thinking about this all wrong? Is this realistically attainable? Appreciate any thoughts on this.
Very possible, directors in my group (VP equivalent in IB) make around that much with 50-60 hour weeks. I work in private credit at a large insurance company.
You could add Endowment, Pension or Sovereign Wealth Funds to your list as well. The direct investment groups hours wouldn’t meet your criteria but the LP or co-investment tyro roles might.
LMM PE, pensions, SWF, family offices, private credit, PE secndaries -- all realistic options
although if you stay in IB you'd be a senior VP / director by 30 so depending on firm maybe you're only working 60-65 ish by then which isn't bad while making ~500k
Thanks for the insight. What about corp dev? Can you realistically make $300K at 30 there?
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