Most Risky Finance Career Path with Highest Upside?
Have really realized over the past few years I want to limit my risk aversion and just pursue the highest upside path to be worth mid 8- even maybe 9 figures and I would love to hear from professionals on here as to what finance path would be best for that. PE seems like the best risk adjusted path (maybe hitting 9 fig nw if you stayed somewhere like Thoma on the rise up) and HF seems most risky but then again carry math at a mega fund seems to outdo HF earnings even at a multi manager with p&l linkage. Could totally be wrong there though.Is the most comp upside/risk in VC or Growth? Not sure how old you have to be to raise a VC fund or HF but PE funds really only get raised by old industry vets it seems. Does it even matter between industry? Thanks for any thoughts
Starting your own fund.
Out of all of these, which one do you think would be the quickest industry to do so in?
This is not an important question and should have no bearing over picking a career path. "I want to limit my risk aversion and just pursue the highest upside path to be worth mid 8- even maybe 9 figures" - this is bad thinking. 99% chance you never reach either of those numbers regardless of which route you take, and you will certainly never have those kinds of outcomes unless you are bearing a LOT of risk. These industries are all different with their own challenges and working styles, figure out what suits you and go from there.
I agree that the mentality has its flaws yet I’ll kick myself for not trying to at least see and pursue the paths that could get me there, if you have an opinion I’d really appreciate your insight
And when you are older and more experienced you will kick yourself for even attempting this thought exercise because you'll be wise enough to realize it does and adds nothing meaningful to any of your decisions.
Big 4 accounting
Trading deep OTM options in your PA w/ leverage
The top MMHF outcomes easily exceed the top PE outcomes.
How do they though, upside outcome of MF PE is making 100ms, what does top mm hf outcome loook like then?
well if you’re comparing the top partners at top firms, ken and izzy pulled in $2.5bn last year. HF right tail outcomes are definitely larger at all levels: you’ll never see a 27yo make seven figures in PE (prob won’t see any seven figure paydays until you’re 35+ in PE) but that’s easily possible for the top 5% performers in MMHFs. of course, looking at distribution of all outcomes, MFPE is probably slightly higher median and lower stdev
It doesn’t matter. They’re essentially the same. Right tail outcome in either and you will be compensated as such. Top PE outcomes are Partners at any of the top funds. Most if not all of these individuals are billionaires. Orlando Bravo isn’t even the only billionaire at his own firm.
You have no idea how many centi-millionaires / billionaires that quietly exist at millennium and citadel who’ve worked there for years.
What? Partners at MFs are billionaires? Can someone tell my boss that's market?
Become a degen gambler and launch a VC Fund
Strike a big investment at the likes of -> facebook, google, whatsApp, snap, ebay, etc...
Compound your money at a rate of >300% per annum and become a billionaire
Imagine putting 25k into Twitter and having it be worth $5 Billion years later
Look at Chris Sacca's lifestory for inspiration
Forget about the fact that the average VC fund returns 1x. You're here to win
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