Finance Careers that don't require being on call 24/7/365
Hello, everybody. I am just curious if there any paths in finance that don't require one to always be on call. I'm not saying I wouldn't do work from home, but it's work that is known not just thrown at me in the middle of the night. I know in med doctors can choose whether they want to be on call or not (if not on call than less pay) and in CS people do work from home but its scheduled work (around a certain time frame or certain amount of work). Being a guy, I do realize that I will probably be the major breadwinner in the future so keep that in mind when making suggestions. Note: I am fine with a career where being on call is optional because then I would just choose not to be on call. I get everyone has to pay their dues during internship times but long term its just not sustainable for me. I know people are going to throw MS on this post, but I don't care. I want to care for my health if that means a sacrifice of some salary. So what are you all's suggestions?
asset management, private banking
Can you explain private banking part more
untrue for private banking. was an SA at the PB arm of a BB and bankers were literally on call 24/7, with a direct line to clients where they can get asked stupid shit in the middle of the night. if the client decides to place orders for markets that operate outside our our working hours, bankers have to respond by contacting someone in the office who is on the night shift.
that said, that was at a US bank. European PBs may be different.
Few are constantly working 24/7/365, even in top divisions...
Why monkey shit for this? Do you really think your MD or ED is working 24/7/365? Wake up guys...
OP said on call 24/7/365. Yes MDs are in fact always on call (wrt clients if not upper management).
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If you are doing something you love you wont mind working a little more. If you want to be at the top of your profession it will take some sacrifices and commitment others will not make regardless of which route you go.
good point, but if you are married, you gotta make her a priority, and I personally don't think investment banking makes that possible
Don't PMs have to always be constantly monitoring the markets (essentially working all the time or at least stressed a lot)
Yeah I dont work in investment banking but even just at higher level finance positions (or even mid level ones) you will be expected to be pretty dedicated at many places. At least if you want to stand out.
I think you’re on the wrong site for this. Too many people would rather jerk off to the amount of all nighters they pulled than to actually be married to someone. The money and prestige outweigh a healthy relationship for many of the college sophomores here.
To answer your question- I think there are many jobs outside of IB/ PE/ HF that don’t require so much dedication. Within that realm, others can hopefully answer. RE is an often overlooked route
Very emotional view however pretty useless beyond that motivational point...
My experience has told me sth different, sth I call fact-driven:
Hard and good work won’t bring you anywhere near the top at all. You should try to avoid particularly those kind of seniors in your career who emphasise how hard they are or have been working... My experience actually is, they have been working the least in many cases and that’s exactly why they are, where they are.
I dont think anyone would dispute having a powerful mentor as a huge help. With that being said, if youre just a lazy ass kisser you can climb the ranks but your fate will be forever linked on your sugar daddys favor. That exact same situation has scores of people sweating at my current company with leadership changes. Its amazing the amount of inefficiency that can come from cronyism.
If it's a slow year you might be able to get 24/7/360 in Investment Banking if that helps.
BS
I do not think the issue is only industry specific or type of job. It also depends on the company. Some companies respect your time away from the office while others do not.
This thread seems to be arguing semantics more than actually addressing my OP. You all know what I am asking for but few have even attempted to give a concrete answer.
Surprised no one has said real estate finance. Many firms in RE will have you on call 24/7 but there are plenty of places that will not and pay can still be solid at these places. Although pay will always be less than the firms that have you on call 24/7
Do you mean like REPE?
Real estate finance —> all commercial real estate investment jobs including REPE
Came here to say that. RE Asset Management is normally very cushy. Can make a very good living (outside WSO’s disdain for anything below $500k even though very few posters make that) Real Estate Private Equity and Development are great routes.
Bank Teller 9-5, Mon-Fri Some Saturdays No Holidays Pays $11/hr
@Armhoo1"
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