You'll probably be some kind of Stratfin manager or Senior Associate equivalent. I'd say it's somewhere in the average ballpark of ~$150-180 base (+ / - $20K either side), + some tens of thousands of bonus or equity. Could be more at a larger tech company, but that's around what I see for MBA roles which would be the equivalent.
my roomate did 2 years EB then 2 years MF now in strategic finance at a startup with comp of $290k, 40 hours no weekend work. Is this an outlier? Im jealous.
but isn't this kind of sad? grinded away for 4 years just to do choose a 40 hour work week with $290k... if that was the goal should've just gone into big tech anyways and got paid that straight out of college with better promotion capabilities than any of strat fin does because guess what... we're unsurprisingly not the core of the product
I am sorry am I just delusional or are you to be honest? In what universe is a 26 year old making $300k working 40 hours a week sad? That position wouldn't hire him without that high pedigree backround (the 4 years of grinding you mention) so it was necessary. I think you are in a crazy bubble my friend.
let's have a candid discussion, 300k in SF and NY is nothing. If roommate did 2 years EB 2 years MF PE he has the grind and i would hope also the smarts, the equivalent people in the tech/software world get 300k at these startups right out of college with significant equity chunks compared to stratfin. Bunch of my NG friends are getting paid way more than i am and getting worked way less. And you have much more room for promotion because at the end of the day a tech co is probably and engineering company... Not saying that its not hard to find such good stratfin jobs, but that we might have chosen the wrong path to go down if we wanted to have a balanced WLB and high paying job (e.g., you should've gone down tech)
What role though in tech? You really think software engineers at your average startups are making $300k at 22? Maybe at things like Anthropic, etc. I know many kids from Stanford, MIT who did top FAANG out of college and they even start at like $140k-$180k all in first year. Enlighten me if I am wrong.
300k in SF / NY is great money. Easily can afford a ~$3-3.5k studio, any gym membership, can eat out whenever you want, go on a couple vacations a year. In what world is 300k nothing?
Maybe if you want to live in a $9k duplex SoHo loft, but $300k is more than enough to live comfortably
Fuck dude we're on a finance forum where analysts get paid 180k... I'm not saying 300k isn't much in general, I'm asking us if we did EB + MF PE to chase a 300k 40hr life, most probably not and we're burnt out and realize that maybe money isn't everything. Maybe what we should think about when entering the field is what we really want in life
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You'll probably be some kind of Stratfin manager or Senior Associate equivalent. I'd say it's somewhere in the average ballpark of ~$150-180 base (+ / - $20K either side), + some tens of thousands of bonus or equity. Could be more at a larger tech company, but that's around what I see for MBA roles which would be the equivalent.
Comp should be $220k-$230k.
Curious, are you currently in PE looking to switch? Why? Why do you not like PE, why not try to rise up in PE, etc?
what's UMM PE Sr ASO 1 / VP 1 comp & carry that one would be foregoing for one of these roles?
Closer to 500, so you’re taking a pretty large haircut for better WLB
Sr ASO $400, VP $500 (give or take $50k)
“Strategic finance” sounds depressing ngl.
Why do you think so? Comp hit?
Sounds like a cost center baby
PE Associate is also a cost center. So are 90% of VPs. And at least 50% of principals. Wonder why so many lay offs lately?
Any insight into average hours to expect at these roles, especially when coming in with 7+ YOE?
bump
my roomate did 2 years EB then 2 years MF now in strategic finance at a startup with comp of $290k, 40 hours no weekend work. Is this an outlier? Im jealous.
but isn't this kind of sad? grinded away for 4 years just to do choose a 40 hour work week with $290k... if that was the goal should've just gone into big tech anyways and got paid that straight out of college with better promotion capabilities than any of strat fin does because guess what... we're unsurprisingly not the core of the product
I am sorry am I just delusional or are you to be honest? In what universe is a 26 year old making $300k working 40 hours a week sad? That position wouldn't hire him without that high pedigree backround (the 4 years of grinding you mention) so it was necessary. I think you are in a crazy bubble my friend.
let's have a candid discussion, 300k in SF and NY is nothing. If roommate did 2 years EB 2 years MF PE he has the grind and i would hope also the smarts, the equivalent people in the tech/software world get 300k at these startups right out of college with significant equity chunks compared to stratfin. Bunch of my NG friends are getting paid way more than i am and getting worked way less. And you have much more room for promotion because at the end of the day a tech co is probably and engineering company... Not saying that its not hard to find such good stratfin jobs, but that we might have chosen the wrong path to go down if we wanted to have a balanced WLB and high paying job (e.g., you should've gone down tech)
What role though in tech? You really think software engineers at your average startups are making $300k at 22? Maybe at things like Anthropic, etc. I know many kids from Stanford, MIT who did top FAANG out of college and they even start at like $140k-$180k all in first year. Enlighten me if I am wrong.
300k in SF / NY is great money. Easily can afford a ~$3-3.5k studio, any gym membership, can eat out whenever you want, go on a couple vacations a year. In what world is 300k nothing?
Maybe if you want to live in a $9k duplex SoHo loft, but $300k is more than enough to live comfortably
$300k is nothing? You sound so miserable dude
Fuck dude we're on a finance forum where analysts get paid 180k... I'm not saying 300k isn't much in general, I'm asking us if we did EB + MF PE to chase a 300k 40hr life, most probably not and we're burnt out and realize that maybe money isn't everything. Maybe what we should think about when entering the field is what we really want in life
Eum soluta alias voluptates saepe ea aut expedita. Est voluptatem et maiores mollitia. Incidunt non aut cum amet commodi maxime autem eum. Facilis nobis doloribus accusantium molestiae. Qui soluta quia voluptate numquam excepturi. Aperiam fuga libero maxime dolor non delectus est illum. Maxime maiores nostrum ea sed autem quos hic.
Eum harum beatae itaque molestias. Ab accusantium pariatur voluptatem id in. Tenetur magnam cum commodi aspernatur sunt neque voluptatem.
Minus in ea itaque asperiores nisi ut. Consectetur saepe quasi omnis enim autem et voluptatum voluptas. Impedit nulla sint optio et. Ad qui et quis eligendi.
Adipisci corporis molestias id numquam itaque magnam quam. Doloremque minus fugiat qui. Aut quidem amet aut. Enim quia porro dignissimos modi ut. Ut perspiciatis omnis et veritatis. Dolorem repudiandae molestiae quia nam harum.
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