I have decided I want a 9-5
Caption says it all. I have decided I want a 9-5. Sick of being fat and having other health issues because of the stress of my job. What are actual 9-5 in finance I can do? Only need to make like 110k all in
Depends how much experience you have but why not try to be a senior financial analyst at some F-500 company?
On Glassdoor a lot are in that top 90k-120k range and I’d imagine it’d be close to 9-5? Maybe even Hybrid of WFH?.
Another idea would be CB under CIB at some bank. Not necessarily a 9-5 but on average I heard the guys in my city working 9-6 or 7 (occasional late night here and there) weekends off and plenty of PTO and vacation time. Also heard a lot of banks are still hybrid.
Just my two cents, best of luck man I recently decided that 110k base and subpar bonus after tax and this upcoming recession is not worth destroying my health or youth for
Would Corporate Banking at a CIB setting at a non BB, balance sheet bank be around those hours you mentioned ?
PWM has a pretty long ramp-up/credibility gaining process, but if you can make it, you essentially work market hours and can pull an uncapped amount of money. Think 9-4 possibly pulling $2mm.
How many years on average is that ramp up? I heard a lot of ppl don’t like young PWM ppl bc the older clients don’t trust you as much
This is based off a relative who's been in the business for 25 years now. And he didn't start until he was 35, so take that as you will.
I started in PWM but absolutely hated it. One of my colleagues was the ABM of a large bank, and I believe he pulled +$1mm at 28 years old. This is definitely the exception, not the rule.
10 - 15 years.
You can make a decent chunk of change in about 5 years but it will take at least 10 - 15 years to break the 1MM per year number in most cases.
3.5 years post grad and I’m clearing over that working more or less a 9-5 at every job I’ve been at. If you have 2 years banking experience you can easily land a senior financial analyst role in FP&A or strategy somewhere and command over $100k easy.
I feel like fp&a and strategy roles are still stressful? Or not as bad working at big company
Not sure what you mean. The largest companies in the world have both FP&A and Strategy teams
Credit rating agencies. North of 110k & 9-5.
You should be able to pull well north of $110k if coming from 2 year experience from a REPUTABLE bank. Don’t forget to negotiate.
Can you elaborate what you mean by reputable bank? As in prestigious or just not anywhere completely botique/no name?
Think the latter. YMMV though don’t let posters on this site tell you what you can / cannot do. Corp jobs aren’t nearly as obsessed with brand names or backgrounds. The point is don’t sell yourself short and always negotiate.
i left a different division of a BB and now work at a SaaS startup as a senior financial analyst making $115k base. fully remote.
about your comment above - fp&a and strategy can be stressful in their own ways, but nothing compared to banking. have worked later if needed but i love what i do so it didn't stress me out a bit. can DM if you comment with username and answer any questions you may have
DCM could also be a good fit. More of a 9-7pm job but as you move up the ranks you get compensated well
might as well get a sex change too dawg
Commercial real estate (not IB/PE), FP&A, asset management, investor relations, PWM
If you want to coast, go for a larger company that you can "hide" a bit in and not a startup where you will be very visible/have to wear a lot of hats
I want to learn more from you. I am tired of the inconsistency of consulting and need to leave. Is it advisable to go for 9-5 so early in my career? I hate this job with a passion.
Yes plenty of people jump to a 9-5 after a year or two. I would recommend something that is still interesting/engaging but just works on a more reasonable timeframe. Plenty of cool jobs out there where people tap out at a normal hour and still make solid money.
110K, just get a job with the feds, look at the SEC, FDIC, or Fed. They all have salaries that are better than the GS levels and even get out before 5 sometimes probably.
Definitely would recommend Financial Planning. Pretty low stress job and can easily get north of $110k after a few years. When I was in the industry I had coworkers making $330k who worked 9-3, hybrid, with lots of PTO. Just have to find the right company.
I work 9-6 or 7pm at a boutique secondaries fund. No weekend work. The roles are out there if you really diligence culture while interviewing.
government
Gov’t contractor pays much better than actually working for the gov’t and the hours are the same. I had the DoD as my client for 4 years.
I work as a Procurement Category Manager within a large financial firm. Responsible for working with Real Estate and Facilities team to buy goods and services needed and negotiate contracts. Current salary (6 years out of school) is 120k (100k base plus, 8% individual bonus,12% firm bonus). Contracts are for projects in the 5-20 million dollar range on average. Hours are 8-5 (can be a bit more when busier), but job is lower stress since projects are planned for months in advance before contract is needed, giving yourself a large line of sight and ability to plan out workload. Job also is highly regarded as it does affect the bottom line (impact can be in millions savings from your negotiations alone) and gives enough variety depending upon your category. Overall a really solid job that I dont think gets enough attention in the finance space.
Corp dev - i make 160k all in and work 8-5:30pm. Did banking for 1.5 years and said f the toxic facetime culture
Haven’t certain banking groups improved wlb to essentially become closer to 55-70 hours weekly? Not exactly a 9-5 job but not too demanding either
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