Promised lands other than IB/PE?

Based on the most helpful WSO content, here are some underrated finance roles that offer better work/life balance (WLB) and are often overlooked:

1. Asset Management (AM)

   • Steady Cash Flow: AM provides a steady cash flow for firms.
   • Comparable Pay: The pay at top mutual funds is not drastically different from that at bulge bracket banks.
   • Work/Life Balance: Generally offers a better work/life balance compared to IB and PE.

2. Back Office Roles

   • Low Stress: These roles are highly underrated, offering low stress and no all-nighters.
   • 9 to 5 Schedule: Typically, these roles have a standard 9 to 5 schedule.
   • Six-Figure Salary: Can eventually pay six figures.

3. Corporate Roles in Fortune 500 Companies

   • VP of Syndicated Television Network: Involves selling advertising for TV shows, with a relaxed work environment.
   • Non-FP&A Roles: There are many corporate roles outside of FP&A that offer good work/life balance and limited stress.

4. Wealth Management

   • Client-Focused: Involves managing the wealth of high-net-worth individuals.
   • Better Hours: Generally offers better hours compared to IB and PE.

5. Endowment Management

   • Stable Environment: Managing endowments for universities or non-profits can be a stable and rewarding career.
   • Focus on Long-Term Investments: Less pressure compared to short-term trading roles.

These roles may not have the same level of prestige or exit opportunities as IB or PE, but they offer a more sustainable work environment and still provide a good income.

Sources: Is asset management underrated?, The most laid back Corporate jobs for those of us without C-suite aspirations?, What are some of the underrated banks that don't get talked about?, RE loan assets management, The most laid back Corporate jobs for those of us without C-suite aspirations?