Could someone please explain which area i could move into (i'm currently associate at a bulge bracket) without a major sacrifice in pay. I have lots of calls for PE but it isnt something which interest me partly due to the bad work life balance. Any suggestions?
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Depends on what you mean by good work life balance. Are we talking 60 hours per week, 50, or 40? When you're coming from 70-80 there is a wide range.
my buddy is an MD at an IB and works 20 hours a week (and half of that is watching netflix at the office)...took him about 7 years to get there...there is a pot of gold at the end of the rainbow
Do you mind me asking how old are you
i'm 40...why does that matter?
OP, it sounds like you are asking for the holy grail. Something will have to give. If you want less hours with similar pay, you will probably have to move to a place where no one wants to go, or take some other risks that you may not be comfortable with, maybe change jobs with far less upside or exit opps.
There are some stable high paying jobs where people don't work hard. I have seen them. They are not as well known and it is why those people never leave those jobs unless they retire, leave for a personal reason or get booted out after a very long period of underperformance.
I am sure I missed out on a few points here but I am sure others can chime in and fill in gaps/add to this discussion.
Good Luck
Why don't you stay in IB for a few more years, peak out on your income potential and start buying some commercial real estate or means to other passive income then you can take a more chill job and still earn a lot of money because you worked hard today.
as an associate at a BB...i'm guessing you are ~26 yrs old? These are the years to grind...so that when you are 36, you can be the guy working 20 hours a week...
Assuming of course you live to 36...
Every choice in life has a tradeoff. Expecting everything to be handed to you is greedy imo.
He can just work alongside AndyLouis lmao because based on where this site is going he probably isnt working very hard
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