Jobs for “older people”
So I’ll be roughly 32 when I get out of the military and earn my BS in finance. What jobs could I potentially expect? More so, what areas would most likely be more obtainable? I have a wife and a 5 year old so I know off rip IB probably isn’t going to look at me much.
anything middle office/back office should be feasible (operations). Hours rarely exceed 60 a week. Very possible to be making $300k at the most senior levels. FP&A is also doable and has comfortable hours and people making $200k+ in their 40's. Neither of these will make you an overnight millionaire, but they will provide you with solid income relative to hours worked.
Ok I’m not opposed to that. Back / mid office I don’t understand those terms but could you maybe give me some job titles that you’d work in over there?
Treasury, FP&A, Operations, Risk. All can make $2-300k+ by the time you are in your 40's/50's depending on firm. Lower ceiling than IB, Equity Research, HF, PE etc but you can raise a family and still make a good chunk of change. Also, highly urge you to get an MBA.
Yeah I plan on using a company called service 2 schools. They do placement to ivy / too MBA schools for vets.
If you think you would be willing to do it, I wouldn't write IB off so quickly. With your obligations at home, you would obviously seriously need to sit down and think if you can wear the analyst hat for a year or two, but pretty much every major bank has established military programs or networks. Granted, most of the military guys who break in come in as MBA associates, but I still think with enough determination and luck you could land a front office role.
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