why be an analyst?
hey guys, long creeper here, first post
im just curious why people subject themselves to the nightmare we refer to as investment banking/finance in general
here in canada, there are trades jobs(I work in a cnc shop) paying very well (37/ hr to start), with no interviews, target schools, no limits on overtime work/pay, etc.
working a 90 hour week like a typical first year analyst, as my job, would pay 230k in the first year.
and im at the bottom of the pay grade... there are folks up north making 50 to 100 per hour, also with infinite overtime, you can do the fancy calculations yourself to estimate their earnings working 90 hour weeks
I have always been very interested in finance, ive just started university education at a Canadian target, but after browsing wso and I&A, im regretting my decision. the pay seems dismally pathetic for analysts (120k gross might seem like a lot but with 90 hour weeks... accounting for overtime pay... its actually quite low)
is it strictly for the exit ops? does PE or hedge fund seem that much better? do we all think we're going to be MDs one day?
why investment banking/finance?
Labor market is very different in the US than in Canada, and I wouldn't be surprised if most of the people who go into machining and things like that get their jobs through nepotism down here, especially in the current economic climate. Also, in most jobs you don't have the option to get paid for working 90 hours a week because there's not enough work that needs to be done.
1) your absolute pay for a 90-hour week is theoretical because you can't actually get 90 hours of work per week 2) pay increases much more dramatically in banking
/endthread
Step 1 on the road to BSD is what they told me
I actually could get 90 hours a week (if youre unsure what infinite overtime means im sure you can google both words) I just opt out of so I can maintain a 3.8 gpa
You get $37/hour with no degree yet? That's pretty impressive.
I know people making 50 and some certified tradesmen like plumbers and electricians up north making 100
OP you're coming off as an asshole with your google quip. You posed a question and got the answers you were asking for. If you think you've found the light, more power to you, but if it were as great as you believe it to be, people would have picked up on it before now, don't you think?
Also, clearly you only care about the money. In that case, you would burn out of banking in a few months and wouldn't understand why we choose this path anyways.
what's a cnc shop? care to elaborate?
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