Non-insane hours finance jobs?

Hello, I am a senior in high school interested in finance scared shitless of the 80+ hours of IB, PE, and HF. Evidently, these three seem to pay the big bucks and are the epitome of finance jobs. But what other options are there that pay well when factoring in hours? Especially lower stress, sustainable, somewhat known, and attainable as a fresh college grad? Thanks

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Comments (35)

  • Intern in IB - Gen
Feb 7, 2021 - 2:49am

You can from targets, I know people who went straight to Corp Dev at medium-large-maybe-not-sexy tech firms (Indeed, Salesforce, LinkedIn, Twitch, Yahoo, AT&T type places) from targets who did summers in banking. 

  • VP in IB-M&A
Feb 5, 2021 - 8:55pm

In finance, apart from the 3 areas you mentioned there aren't really any that pay as much. AM used to but now due to serious fee compression and money going out the industry has been changed for the worse. Also, don't even think about joining HF unless if you have a serious passion for trading. I've seen plenty of guys who dont think trading is fun enter the HF industry and get fired within a year.

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  • VP in IB-M&A
Feb 5, 2021 - 9:02pm

Yeah there is but unless if you think trading is fun and read investor presentations for fun, then you aren't going to make it in the hedge fund world.

  • Analyst 1 in ER
Feb 5, 2021 - 10:43pm

read investor presentations for fun

I don't think you'd be successful at any of these jobs if you don't enjoy reading about companies

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  • Analyst 1 in ER
Feb 6, 2021 - 2:54pm

Why the monkey shit? Is this really a hot take? All the jobs listed involve the buying & selling of businesses. How do you possibly become good at this without enjoying learning about businesses? How can you even tolerate ~80hr/weeks if you dislike learning about businesses?

Feb 5, 2021 - 11:46pm

geez just wait till ur a senior in college so you have some fucking perspective and have matured a bit... news flash! most other 17yo don't want to work 80h/wk in a job that they don't understand either

  • Intern in AM - Other
Feb 6, 2021 - 9:50am

Look into RIAs... seems to me a slower style of investment management, and yes fee compression is real but its more about the size of the firm against the AUM. Some firms rake $20-25million for only 20-25 people working at the firm!

Feb 7, 2021 - 3:39am

Look into DCM and ECM, they're both gigs that pay around the same as M&A (at least up till VP position I believe). However, their work hours are closer to 65 hours per week. The trade off is that their exit opps aren't as strong but you can use a MBA degree to enter M&A/PE/any other industry.

  • Analyst 1 in IB - Gen
Feb 7, 2021 - 10:44am

Dont agree w. the ECM/DCM comment in this case. currently pulling 75-80, which has been the norm for my team. Hours will be comparable for teams like ECM TMT.. OP should consider some of the Sales desks in S&T (has its own stresses/risks worth considering, but in reality is still a great and highly sought after role post undergrad). Good $, at least 100-115k out of school, and good hrs, ~50-60 a week. The same goes for Equity Research (non earnings season), Credit Research, Macro strategy teams, capital raising/private placements.. all a great check, not too bad hours and you still learn a good skillset out of school. Id also add another gem at most BBs.. the instituitional asset management divisionsGSAM / JPIM / MSIM, etc etc. Hard to get a seat on the investment teams out of undergrad, but there are plenty of kids who join Portfolio Management, relationship management, fund of fund groups, third party distribution teams, who get great exposure to the investing side but learn the trade of dealing and communicating with institutional clients. 

some of these seats are less sought after by those on this sight, but have great upwards mobility and ability to make good $ and not kill yourself over hours. I had a similar sentiment to you in undergrad but opted to go the IBD route. but these seats do have their merits.

Jun 10, 2021 - 8:10pm

Regional banks are mostly "reputable" in that region (which is why they're regional, after all), so just start networking with people in the Industry and get to know your area. You'll figure out who's who pretty quickly. My bank has a fantastic reputation in my city and a great reputation in the region, but I doubt very many would know its name if I went across the country. That's why I say get to know your own region. Best of luck to you! If you want to explore this more later on, feel free to message me

Jun 10, 2021 - 8:10pm

Regional banks are mostly "reputable" in that region (which is why they're regional, after all), so just start networking with people in the Industry and get to know your area. You'll figure out who's who pretty quickly. My bank has a fantastic reputation in my city and a great reputation in the region, but I doubt very many would know its name if I went across the country. That's why I say get to know your own region. Best of luck to you! If you want to explore this more later on, feel free to message me

Jun 10, 2021 - 8:11pm

Regional banks are mostly "reputable" in that region (which is why they're regional, after all), so just start networking with people in the Industry and get to know your area. You'll figure out who's who pretty quickly. My bank has a fantastic reputation in my city and a great reputation in the region, but I doubt very many would know its name if I went across the country. That's why I say get to know your own region. Best of luck to you! If you want to explore this more later on, feel free to message me

Jun 10, 2021 - 8:05pm

That's what I'm doing and I love it. Definitely second this. You get loads of exposure to every aspect of deals since you're on a smaller team and that accelerates your learning curve a ton in my experience.

Hours are longer than an average job obviously but I get a full night's sleep almost every night. Can't complain about that.

  • Intern in AM - Other
Feb 9, 2021 - 11:11am

Private banking can be a nice alternative (I may be a bit biased) but again, the pay isn't as well as IB. Many of the BB with Private Banking branches have great analyst to associate programs.

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