Quant vs consulting vs swe vs ib salary
Lets say 4 people were to get an offer from and work at the top tier firms in each of these industries (JP/GS/MS;FAANG/JS/TS;Big4) for the long term, excluding PE, which sector would make the most after 10 years? Assuming the same performance rate, do the salaries increase at approx the same rate? This is just out of curiosity/for fun, was talking to some friends about their respective industries and future $$.
If quant is quant research/PnL impacting then “good” there is making PnL which will have the most runway. That being said there are risks of going to a place where you are silo’d and get capped. But managing your own book will have the highest return. The problem here is that the risk is so much higher (but if you assume good means making money and with a job then yes it’ll make more but that is so much harder than being “good” in other industries).
You forgot MBB
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What level of ‘performance’ are they operating at ? Are they bright individuals who are capable but unexceptional. Or are they exceptional in their fields? solving problems, sourcing deals, driving revenue in meaningful ways? Those two cohorts won’t end up at the same number for a wide variety of reasons. The former you can find data points with a quick google search. The latter.... that’s where it’s interesting.
that you’re asking this question at all suggests you’re thinking about the former and that’s rather depressing when you think about it...
Can’t really include Quant against those other 3 because it really makes no sense it is completely different. To answer your other question I would say IB is the highest, then consulting, then SWE. SWE doesn’t have a ceiling cap as high as Consulting or IB
Quant > EB > BB > Consulting >= SWE
The key to this is you said “after 10 years.”
If talking about after 2-3 years (normal entry-level role duration):
Quant > EB >= SWE > BB > Consulting
As others have said, SWE tapers off before the half a million dollar mark.
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