IB/AM/Trading/Consulting
I was trying map out the pros and cons of careers in these four fields. However, I don't have any real world experience besides a brief consulting project, so I was hoping that people more familiar with the fields will pitch in. Here goes my attempt...
IB:
Pros: large bonuses, exit opps, best overall pay
Cons: hours, burn-out job
Consulting:
Pros: high paying early on, variety of work, travel (if single), travel points are nice.
Cons: travel (if married/in a relationship), pay curve isn't very steep, exits opps?, pay isn't very dependent on performance
Trading:
Pros: performance based pay, casual/little client interaction, less rigid corporate structure?,
Cons: more narrow exit opps, possibility of being replaced by algorithm trading?
AM: honestly don't have much on this one
Pros: exits to HF/PE, pay related to performance, buy side
Cons: strict progression schedule, CFA exam, tough to start on the buy side
Let me know what you guys think. I appreciate the input.
Consulting sounds great to me, and I thought I was IB.
I'd say that most consultants (even the single ones) would list travel as a con. You're not exactly hitting up Tahiti and staying at the Ritz. There's nothing fun about spending Mon - Thurs in Wyoming working out of the Holiday Inn because it's the only hotel in the area.
Would add rigid corporate culture / hierarchical nature to IB cons.
Also, the fact that trading is a shrinking industry is probably a con as well.
Agreed NorthSider. I think travel is overly romanticized and gets old fairly quickly, but I know a surprising number of people who love it so I thought I'd throw it in there. I was wondering if IB remains as structured once you get up the ladder a little bit? Does it still follow a rigid schedule?
By rigid schedule, do you mean working schedule or promotion schedule?
I meant promotion schedule
Totam doloremque nemo voluptatibus voluptate et numquam vero. Sed modi consequatur numquam quae distinctio qui. In assumenda qui sit ut. Quidem voluptatem libero aut.
Sed id accusantium qui et autem suscipit blanditiis. Reiciendis sed est qui nihil et repudiandae harum. Harum eos fugiat sed ullam assumenda quaerat voluptatem. Repellat commodi consequatur consequatur suscipit ut similique quos. Velit soluta nihil minima accusantium.
Aut et iusto iure pariatur quo accusantium. Et voluptatibus molestiae quos iste dolorem tempora sunt. Illum iusto eius nemo nostrum. Quia consectetur ipsum enim atque eos. Nobis occaecati velit est eveniet sunt itaque enim. Unde nam qui et non. Modi et enim sed aperiam corporis officiis eius.
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...