Finance careers that are like pilots
Okay hear me out. Pilots operate a flight, but once they're done they don't have to think about their job anymore and then the next flight is completely independent of the last one. What jobs in finance are like that?
Banking.
You "operate" a deal. Once it is executed, you don't have to think about it again.
Then the next deal is completely independent of the last one (some relevance if the prior one serves as a precedent.) And sometimes you operate multiple flights at once
The problem with banking is that those "flights" (deals) are months long and require you to stay on top of them for those months.
Unlike the 3-12 hours flights as in the airline industry.
Well, you did not specify the length of flights.
Besides, I was being facetious.
You didn't specify a time length, Sales might suit you more though
ECM/DCM
Consultants, although projects can be months long
Sales maybe
Can we stop the over glorification of banking
It’s a job. A high paying, high stress job. We’re not saving lives. We’re not fighting for our country.
I don’t think bro is glorifying banking here…
I'm literally saving lives bro
- PJT RSSG analyst
You're cooked if that's what you're looking for in finance bud.
closest thing I can think of would be on the sales side of a trading desk perhaps? you have to manage your customer book for the long term, but all your day-in-day out success comes from generating trade volume which executes relatively quickly.
Or the classic interdealer broker ala ICAP/OTC global etc. Can make insane dosh if you are good
Just a thought
Maybe real-time power trading?
Bro I promise you thats so boring. I went to med school and when I did surgery stuff seemed like the most boring life doing exactly the same thing every day
Anyone who has woken up in the middle of the night thinking about an error in their model or slide deck is laughing at this one. This job does not stop conveniently like it does for a pilot.
That's why I made this thread, did sophomore and junior IB BB and even on weekends you are still passively "on", if that makes sense.
Spoke with many people and PE / HF is no better (always have to be up to date with markets, emails, etc...)
A Pilot just flies, does his job and goes home that's the end of the story. No follow ups, nothing.
Sounds like you should just go to flight school
That’s not a desirable job trait and is why many leave banking. Much better to build something over time
Day Trader. Closed out of all positions by market close, each trading day is a fresh slate.
PWM. Self explanatory
Look for positions where you are truly done when the day is over, in my opinion. The closest is probably trading as you can turn off when the market closes. That can also apply to some corporate finance or FP&A positions. However, the majority of financial occupations, such as IB or PE, are not like that at all; work usually follows you even when you log out.
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