side-hustle for bankers?

Based on the most helpful WSO content, this opportunity with Mercor seems like a great side hustle for investment bankers or private equity professionals who meet the criteria. Here’s a quick breakdown of the key points:

Why It’s a Good Fit:

1. Flexible Schedule: The asynchronous nature of the work allows you to manage it alongside your primary job.
2. High Pay: $150/hour is a competitive rate, especially for a side hustle.
3. Relevant Work: Building financial models aligns closely with the skills you’ve honed on the desk, making it a natural extension of your expertise.
4. Future Opportunities: Successful contributions could lead to more projects with Mercor, potentially creating a steady stream of side income.

Key Requirements:

• At least 2 years of experience in investment banking or private equity at top firms.
• Ability to commit 20 hours per week until the end of January.
• Strong financial modeling skills, as the role involves building models from scratch.

Vetting Process:

• A 10-minute behavioral interview focused on your deal experience.
• A technical assessment (30 minutes) to evaluate your financial expertise.

Important Notes:

• Pay: Weekly payouts via Stripe Connect.
• Contractor Status: You’ll be classified as an “at-will” contractor.
• Visa Restrictions: Unfortunately, H1-B or STEM OPT candidates are not eligible.

If you meet the criteria and are interested, this could be a lucrative and flexible way to leverage your skills. Make sure to apply promptly as opportunities like this tend to fill up quickly!

Sources: Makena Capital, Future of Equity Research - 12+ Months into MIFID II, Preparing for the HF informational interview, Need to bang out Argus, how long will the certification take