In the last couple months, I have been worked by multiple teams at my IB job. I've started having big doubts regarding staying in IB or going to PE. I find finance interesting, but I feel like no matter what your position, it completely takes up your life. If you're more junior, you're in the office until very late. If you're more senior, you leave the office early, but then you spend all your evenings and weekends dining with clients and expanding your network.
Does anyone know of any jobs in finance that pay relatively well, don't work you too much, and allow you to have a fair bit of actual free time?
What positions are you in, how much do you get paid, how many hours in the office do you spend, and how many hours do you work per week total (including at home)?
If you can develop relationships, Asset Management may be the way to go. Fee on AUM, be at the office a little before market hours (catch conference calls of portfolio companies) to a little after market hours (catch conference calls of portfolio companies). Sure, there is networking outside, but if you like that work, it's not really work.
S&T - 55-65hr weeks, no weekends since the markets are closed. Granted, there is hardly any down time in those 55-65 hours. Not the most stable business to be in now, but still offers great compensation and a predictable schedule.
Back office. First 10 years will suck because the work is butt, but if you can gain some expertise in something like performance, fund accounting, derivatives administration, or overall operations, you can become fairly valuable and never been there past 5:30. Never gonna have a 9 bedroom place in midtown, but the money can be decent. Most PE/HFs have an operating partner/COO who gets a slice of the firm equity/carry.
Asset Management is good, but that's a broad field. Cushiest gigs in there would be family office/endowment management, where you're essentially a manager of fund managers, so you've got HF managers coming through your office on a daily basis to worship your taint. Tough gigs to get though, as there aren't that many of them and turnover is zilch. Again you're probably not going to buy a boat that is large enough to carry another boat, but the money's not bad.
That's funny. I say "butt" a lot. The "worship your taint" part was good too.
Ea vel iusto blanditiis tenetur et. Consequuntur maiores quia aliquam quia nobis quidem. Quibusdam explicabo et placeat dolorem et fugit impedit.
Consectetur aperiam quas minima. Eum dolore dolorum et alias. Dolorem cum natus accusamus asperiores voluptates repellendus unde accusantium. Magni voluptatem aut voluptatum voluptatibus suscipit eius.
Ducimus nostrum voluptatum qui. Eveniet sit deserunt voluptas incidunt et. Sint omnis explicabo et quibusdam ex totam. Sapiente qui aspernatur eius fuga nisi qui. Deleniti aut non accusamus quae nisi. Quasi praesentium mollitia excepturi et assumenda ut exercitationem.
Dolores modi odio possimus quis qui dolores rem. Asperiores distinctio sint voluptas officia aut quam. Beatae non eius aut et. Sit a cupiditate ut. Natus deserunt consequatur architecto ipsa molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...