side-hustle for bankers?

Mercor is recruiting U.S./UK/Canada/Europe/Singapore/Dubai/Australia-based Investment Banking or Private Equity Experts for a research project with a leading foundational model AI lab.

You are a good fit if you:

  • Have at least 2 years of experience working at top firms in investment banking or private equity with deal experience (academic experience does not count, must be on desk)

Here are more details about the role:

  • The work is fully asynchronous and can be done around your schedule
  • You will be building financial models from scratch that would be reflective of what you did on desk
  • This contract is till end of January (with the possibility of extension)
  • Successful contributions increase the odds that you are selected on future projects with Mercor
  • The vetting process involves:
    • ~10 minute behavioral interview asking about previous deals you’ve worked on
    • Technical assessment ( 30 minutes) evaluating financial expertise

With respect to pay and legal status:

  • This role will pay $150/hour
  • We will pay you out at the end of each week via Stripe Connect based on the number of hours you log
  • You will be classified as an “at-will” contractor to Mercor
  • Please note that we cannot currently support H1-B or STEM OPT status candidates

We consider all qualified applicants without regard to legally protected characteristics and provide reasonable accommodations upon request.


 

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8 Comments
 

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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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