Reps and Warranties Insurance Exit Opps and Comp Comparisons for a Young Chimp
I graduated from a strong, non-target Patriot league school in 2020. I just landed a job in Reps & Warranties Insurance at a large firm. For those that don't know, we work with IB/PE firms to insure buyers in M&A transactions so that the representations made by sellers about their companies are not bullshit. Also helps out sellers because they can take out an insurance policy instead of putting 10% of their sale in Escrow for 5 years. The underwriters on my team are former IB/PE guys or M&A lawyers looking for a better WLB. Long story short, although most people in finance clown on insurance; this is a great niche market that is growing in popularity and has some really smart/experienced people in it. Mainly, I am wondering how my comp compares to my peers in the IB/PE/Corp Finance roles at my age (23). My base is $75k but our group is very M&A law centric so we are encouraged to work 70 hours a week while taking overtime for everything above 40 hours. I calculated it and if I average 70 hours a week for the year it would come out to $150k. How does this compare in terms of work life balance and overall comp? Also, right now my plan is to put my head down and work hard as I can in this role for at least two years before looking for exit opps. Any advice on how to break in to the banking/PE side? Was thinking MBA or pursuing a CFA. Either way, I could remain in this path but that requires Law School and I don't know how I feel about it. If anyone has any advice, I would greatly appreciate it. Apes Together Strong.
CouldBeDown, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:
More suggestions...
You're welcome.
Est et dolore ut dicta possimus et sed. In consequatur qui similique in officia explicabo iusto. Et doloremque sunt atque qui ipsam omnis saepe et.
Neque provident dolor aut deserunt nulla possimus beatae. Eos provident corrupti voluptatem sint quia sed ipsum. Ut ut saepe necessitatibus sequi id.
Architecto quis accusantium commodi quia explicabo autem a. Voluptas quis iusto suscipit voluptatem voluptatum. Vitae labore eaque laborum corporis labore. Expedita aliquam enim explicabo maxime laborum sequi quod. Voluptatem et aut pariatur deserunt ad maiores laudantium. Autem occaecati nihil laborum consequatur sed voluptas.
Magnam veritatis sit maxime neque omnis culpa quisquam. Consequatur quis perspiciatis sit eos sunt eos quia sint. Aliquam architecto et nesciunt in aut doloremque. In est sed illo nemo. Ut tenetur architecto totam cumque eum quidem.
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...