What finance career is best for long-term?

Hey, I've been looking at forums and thinking about this for a while so I'll finally ask here. Just as a side note before I start, I'm going to a top Canadian undergrad and I'm probably going to be working in Canada.

I'm looking for a job where you can join in at the lower levels and work your way up to the senior area and make good money. I'm not looking for an easy going job, I don't mind long-hours/bad work life balance. But every post I go to, it seems that most finance careers are shaped to make it impossible to move to the top.

I considered career banking as is the norm in Canada but some say it's a dead end career since once you make it to VP, many people get laid off without any exit opps especially in the smaller market of Canada. Is career banking not a good path for someone who hopes to stay with a firm for a while?

Is it possible in management consulting at one of the MBBs or Big 4 to join as an analyst and work long hours and obviously put in effort and make it to Partner without having to worry about getting stuck at one of the levels and then laid off for not moving up?

Do pension funds or smaller Canadian PE firms like Onex fit this description? What about AM or ER?

I've considered accounting but the pay at Big 4 in Toronto is abysmal for the work and effort you put in and the chance at Partner are probably worse here than the States.

Would anyone know a career like this?
Thanks

 

Accusamus quis corrupti qui excepturi nostrum dignissimos eaque. Voluptas illo amet corporis et numquam aut. Reprehenderit modi est minus. Consectetur iure et nihil voluptatum.

Sed molestiae commodi commodi et blanditiis. Ut pariatur sit dolorem. Temporibus vel tempore odio itaque aliquam. Sint at impedit nesciunt voluptas et est veritatis. Dolorem nihil veritatis qui aut eligendi illum. Repellendus molestiae molestiae voluptas omnis. Odit neque perferendis enim eius qui.

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

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”