Non-IB Finance alternatives?

I'm a high school senior, and am trying to figure out a career path for myself. IB has been on my mind for a long time almost entirely due to comp, but I have always prioritized work/life balance over wealth. My thinking has been work in IB from 22->30s and be stingy all the way through to accumulate a lot of capital to start living "financially independent". Something along the lines of stock market, real estate or starting a business is what I would do with this accumulated capital. 

 

That being said, I am starting to realize that I can accumulate a lot of wealth without having to slave 100 hour weeks, but rather being more conscious of expenses and being diligent with savings/investments. I am very interested in finance (hence my initial desire to pursue IB), so I am wondering what would be a job within finance that has high comp but with more manageable working hours (40-60). HF seems awesome, but hard to get into without slaving away in my 20s. Is corporate finance the best option? Do you guys have any opinions/experiences about taking such a job compared to IB? Will taking a job with less hours/comp still make my goal of financial independence achievable? 

Comments (15)

 
Feb 19, 2021 - 2:03pm

Corporate Finance you really don't even earn that much. Just try to go for IB, spend a few years doing that, then open something of your own. The richest and happiest people I know own their own businesses. 

 

 
Feb 19, 2021 - 2:29pm

Thank you for your comment. Are there any fields in finance apart from IB (and fields requiring IB experience like HF or PE) that offer decent comp ($100k+ all-in as a 1st year)?

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