'low level' finance jobs

What is WSO opinion on 'industry' jobs at SME type companies?

For example:
Credit Risk Analyst @ a mortgage firm
Underwriter @ an insurance company (if you consider this a finance job)
Financial Analyst @ a manufacturing firm

The reason I ask is, it seems as if everyone here is hell bent on getting an assosciate position at a i-bank or working as an analyst @ a hedgefund. Is taking a BO position at a small-medium sized enterprise considered 'failure' ?

I do not work in finance neither is my educational background in finance, just a naturally curious person who loves WSO.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (13)

May 11, 2012 - 10:49pm

Look, research what those jobs entail, not what people think of them, and do what makes you happy.

If you have a good time screwing your girlfriend, don't ask her if she wishes you had a bigger pecker or whether she's had better.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
May 12, 2012 - 12:22am

The real failure is to deliberately choose to be jobless because

1) You think a job title is below your standards
2) You have such a low confidence in your ability to succeed and overcome the odds that you are looking for approvals from complete strangers who live in a virtual world.

Power and Money do not change men; they only unmask them
May 12, 2012 - 1:03pm

lol, im not the least bit concerned about what anyone thinks, just wanted opinions :)

like i said..i do not work in finance nor do i intend too.

alpha currency trader wanna-be
May 31, 2012 - 4:25pm

I disagree with manufacturing being a low level job. I work at a group fortune 500 HQ. We deal a lot with supply chain and branding, so it is def not low level by any means. A lot of our stuff includes late nights with Hong Kong and Europe, and our analysis is very intense at times. Def a good experience in my opinion... Of course we all want to be the dealmakers and not an analyst for more than a few years, however financial analysis is what it is, whether it is I banking, Retail, Manuf... The models are the same, and you are usually crunching excel in those beginning years anyway...

Start Discussion

Total Avg Compensation

June 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (204) $233
  • 2nd Year Analyst (115) $151
  • Intern/Summer Associate (97) $145
  • 3rd+ Year Analyst (27) $145
  • 1st Year Analyst (422) $131
  • Intern/Summer Analyst (340) $82