Trending Content - Off Topic Forum
| +102 | KISSED MY VP… HELP!!! | 16 | 1d |
| +27 | How expensive is SF? | 14 | 4d |
| +9 | Morning or evening for gym time? | 11 | 20h |
| +9 | Does SpeedX China Accelerator Really Work | 0 | 1d |
| +7 | Give me all your ideas | 2 | 14m |
| +6 | The Ultimate IPTV Streaming Experience in France | 0 | 1d |
| +6 | A Complete Guide to IPTV Nederland Services | 0 | 1d |
| 0 | What is a tool that you wish you had and would use every day? | 3 | 3d |
| 0 | ib with coc clan leader background? | 2 | 18h |
Career Resources
I interviewed at one company for a small M&A group in a large company and it was 40 - 50hrs per week for an Associate/VP level for $200K base and $400K in bonus and profit sharing. I've interviewed at hundreds of places and this was definitely the unicorn. The MD was big on work / life balance.
You'd have to believe that is a top tier MD if he can emphasize WLB while profit sharing.
That team must be bankers heaven.
Yeah he emphasized that he wanted to treat the people on his team like family.
What were your thoughts on that statement?
Largely that he would take care of me and provide for me appropriately. Good work environment.
Did you end up taking the position?? Sounds like it would be hard to say no to
I received a phone call about a week after seeing the MD and he extended a verbal offer. He was excited, I was excited. I said yes and he told me I would start in two weeks. I thought it was a major point in my career.
Then a week later, I got a phone call from him and he said he had to rescind the offer. He told me that someone in another group (asset management) was promised this M&A position by an executive higher than him at the company. He sounded very disappointed and told me there was nothing he could do. Major bummer.
Incredible -- wish I could find a place like this
Anything in Corp Fin (Corp Dev, Treasury, IR, FP&A) would hit this level by VP, and in a lot of places would exceed 300k all-in at Sr Director. At tech companies or in very HCOL locations, I'd assume it's possible at Director as well.
People VP+ level at F500 arent putting in 40 hours a week lmao
This is true. All of the VPs that I've been surrounded by at F500s are usually putting in a minimum of 50 hours per week (mostly more)... not to mention never being able to truly be away from work while on vacation.
I've worked at multiple F500 firms. A heck of a lot of them were working 50 hours a week consistently. 50 is probably about average. Either way, almost no one was doing ~60.
How long does it take to go all the way to VP?
Depends on where you start. Roughly mid 30s though.
Agree with above - corp dev or IR will make this by your late 30s (going with age here since titles are different across companies). Both of those you might have to work occasional late hours but known in advance and nothing compared to IB.
Makes a lot of sense, will have to look into those. Always gotta plan ahead haha
It would help to know your experience, but the only thing I can tell from your post history is that you have a penchant for fictional thought experiments.
I'd say COO/CFO/Franchise owners (reasonable to assume a certain income level with certain brands). More like 60-70 hrs a week and up though.
Operational route with P&L responsibilities. Superstar operators can make good money if they perform well. At my company this summer, the GM of our business line as power in influencing company wide decisions in things such as investing / divesting into certain client regions etc. You probably will get pouched more often too if you developed a reputation of being a strong business line operator in your industry. Some rich execs ($50M+) I've seen visit my MBA program for class lectures eventually took on P&L responsibility rather than driving strategic / financial decisions (ie. consultants / bankers / corp fin etc).
Thoughts on corporate banking? Varies by your boss of course but a lot of directors value WLB hence them being in a corporate banking role in the first place
Great place to be especially in LCOL. Great money and you're right, at a certain level - solid autonomy.
LA lifeguard ($300,000 to $500,000):
https://www.lamag.com/citythinkblog/the-highest-paid-lifeguard-in-l-a-m…
SF drug dealer ($350,000 no taxes):
https://www.insider.com/drug-dealers-san-francisco-350k-a-year-software…
California cop ($300,000+ average):
https://transparentcalifornia.com/salaries/search/?q=police
PWM (could be salaried portfolio manager or on asset allocation team) or a strategist role at a bigger shop should get you around those figures if you have good investing experience/credentials.
if you think a non-producing PM in PWM is going to make $3-400k without bringing on clients, tell me where you get your weed
what you're describing is PWM but after about 8-15y of building a clientele, first chunk of years is not 40hr weeks or great income
Valuation
Seems like you want a few paid board seats
Vitae ut voluptas molestias et. Optio vel autem non voluptates doloremque reprehenderit.
Exercitationem culpa doloremque minus atque quae asperiores qui. Harum aliquam est id voluptas molestiae.
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...
Harum officiis illum et libero ut. Doloribus est voluptatem quis unde quia voluptatem mollitia. Error exercitationem minus corrupti magni quidem eos ut. Aut repellat omnis unde fuga est quia. Repellat ut consequatur laboriosam voluptates. Quibusdam qui et quaerat sunt sit debitis voluptate.
Eius doloribus eligendi suscipit. Ab repellat molestias reiciendis delectus.
Qui deleniti fuga et repudiandae. Repudiandae harum qui et beatae quia non. Dignissimos excepturi ut et aspernatur omnis tempore. Et et voluptatem adipisci qui ab. Voluptas id et numquam dolor sequi atque odio. Earum dicta minima aut ipsum vel. Omnis nihil cum temporibus non aut quia.