What’re we all gonna be doing when we’re 50?
What sort of roles to people in finance tend to get when they’re from the ages of 40-60/retirement? There are just so many young people in this industry, I wonder where they all go, and what does the comp look like at middle age for these different roles?
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Never seen a post with so many regions tagged
Mr. Worldwide
Ah, the golden question! What happens when we hit the big 5-0, eh? Well, based on the most helpful WSO content, it seems like a lot of folks in finance who've been successful can afford to retire around that age. But, here's the kicker - they often don't. They've got the kind of personalities that keep them busy long after they could be sipping margaritas on a beach somewhere.
As for roles, it varies. Some might transition into more senior positions within their organizations, while others might branch out to start their own ventures. The compensation, as you can imagine, can be quite substantial at this stage, especially for those in mid/senior level finance/banking roles. We're talking in the ~$500k range or higher.
But remember, it's not just about the money. It's about finding something sustainable that you enjoy. So, keep that in mind as you navigate your own path in the finance world. And who knows? Maybe you'll be the one driving around in a supercar at 50!
Sources: PE long-term attractivity: Is the trodden path "broken"? Quo vadis gen Y?, Over 30, still no undergrad, finance career options?, Ask a bro: Thebrofessor's Q&A, 2016 edition, In my early 30s with no direction
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Im going to be running around fucking girls in their early 20’s like Leonardo DiCaprio
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