To any students who don't actually like finance/consulting but just want to make 6 figures
Former PE here - I was looking around the other day and came across the Y Combinator job site and noticed there are a few non-tech operational roles new grads are eligible for that are 100k+.
I was talking to some rising seniors who hated their IB internships. I definitely recommend IB/PE roles for people who can stick it out - I did PE for 5 years, but burn out is high in this industry and a lot of these jobs are tough even if you love it. If you hate it, it's HARD. If you're interested in entrepreneurship and you're just looking to make good money and gain experience in a fast paced environment with outsized responsibility, I'd recommend checking it out. New roles are posted all the time.
I have seen people start out in starts up and work their way up to the $250-400k+ range + equity, all in operational roles (i.e., not software engineers). Disclaimer - I am not an expert and am not in the start up world, but I'd definitely recommend networking to learn more as this seems like a viable career path from what I've seen.
Based on the most helpful WSO content, your observation aligns with a growing trend where students disillusioned with traditional finance or consulting roles are exploring alternative paths in startups. Here are some key takeaways:
Startup Operational Roles for New Grads:
Career Growth Potential:
Burnout in Finance/Consulting:
Networking is Key:
Long-Term Viability:
For students who dislike finance/consulting but want to make six figures, startups present a compelling alternative. The combination of competitive pay, equity upside, and a dynamic work environment makes it a viable path worth exploring.
Sources: Do New Grads In Tech Really Make $250K+ Straight Out Of Undergrad?, Do New Grads In Tech Really Make $250K+ Straight Out Of Undergrad?, Why Consulting - Answering the Interview Question, Lesser known MBA career options? Looking for advice on what to do post-HBS.
My brother did this. I highly reccomend trying out for roles like this.
Agreed with you on all points.
For my own curiosity, can you give some examples of roles/level or companies (though aware this may increase identifiability) that would pay that much?
Chief of Staff, GTM, growth ops (whatever that is lol), biz ops, sales (of course), random jobs specific to some niche start up - honestly all the operational buzzwords. I've found these roles can mean different things at different places.
In terms so level, I would said $250k probably isn't viable for an operational role until you have at least 2-3 YOE and even then that comp is hard to come by - I would say at that point you could probably push for $200k but most roles will be closer to $150k. I think you probably need 4+ YOE to comfortably get to that range (not that it's not possible before then). It is totally dependent on the company though.
For six figure roles straight out of school, I've mostly seen $100-120k, sometimes more.
$200k at 2-4 YOE would be amazing especially for someone not starting in the IB / PE path.
Completely agree, I chose to go to a startup after 2 years of experience and I make 200k in a very low cost of living area. (Canada) Too early to tell what I like/dislike, but that’s an option I really didn’t have in mind.
Thoughts on exiting to a tech startup after 2 years at a GS TMT / MS Menlo and being a CS major? Would the banking experience be valuable for a startup?
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