Most Social Jobs in Finance
Topic is pretty self explanatory. Which jobs in finance are the most social, especially at the mid to senior levels? I’m assuming VC will be a common answer, and roles in hedge funds/public markets investing will not be very social, but I’d love to hear people’s thoughts.
Also, outside of the job responsibilities themselves, are there particular personality traits (extrovert/introvert, etc.) you notice about people who are especially successful in certain areas of finance/investing?
Financial sponsors
Some of my friends at our prime bank are in PWM and they seem to have a blast. They make similar comp to me, work about 20 hours less a week than I do, and are consistently posting photos of them with UHNW individuals partying. It makes sense - IMO, PWM is a service to provide comfort, safety, and feeling 'pampered'. This isn't to diss the sector whatsoever, it's just the way it is.
All in all, they seem to have a much... let's say, smoother work experience than I do. That's okay - it's the field I entered into! Sometimes I get envious of them when I open FB and see a photo of them on a yacht, and then I look back at my computer to see an incoming call from lawyers at 2am. F I N A N C E !
What bank do they work at?
A lot of them are at JPM in the DC branch of PWM. While I won't disclose specifics, I know they do a lot of money managing for congresspeople and senators. They haven't told me everything (as they like their jobs), but the number of kickbacks the people in our government get is insane. I can't imagine having full access to managing their bank accounts, some pretty wild stuff in there - on both sides.
I have a wealthy friend in PWM. He looks like he's having a blast. Dude knew 0 finance last I spoke with him. Glad he's doing well; he's a great guy.
Anything with a sales component - definitely PWM, maybe IR
Another one to add to the above is cap intro within prime services
Sponsors Coverage (banking), BD or IR (PE). Although I'd imagine most roles across the board are highly social/relationship-based at the most senior levels.
Sponsors, PWM, Prime Brokerage or sales/trading.
I would have to think PWM, Sales in IB, or VC.
Receptionist or admin assistant
Growth equity should be high on the list as well, where analysts and up are expected as part of their job to be social with start-ups and founders. While I know some GE firms are not so great, the street average seems to be 60-80hrs when not on a deal coupled with PE comp (at worst a 20-25% discount)
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