It depends on your long-term career goal most. If you’re one of those people that need to take a break and cool off, sales and trading could be right for you. That said, sales and trading requires less hours. Naturally there’s a lot more pressure on you. Within sales and trading, it can be high paced and more stressful.īecause you’re trading. The main difference here boils down to personal preference. Next up, we have sales and trading.This is another incredibly competitive group within a lot of the banks. You’ll be doing more three-statement model building out. Within those groups, it’s definitely more important to have industry-specific knowledge. Next, we have banks broken out by industry group. They’re able to take that information, relay it to those previously mentioned teams, who are building out their models so that they can get the inputs they need. The main difference is, the capital markets team is a little more in tune with what’s going on in the market, the trends and pricing. Maybe a little lower tier below those two groups.These are your equity capital markets or debt capital markets. Usually LBO, leveraged buy-out type work.
(By the way - want a back door trick to get M&A experience without being at a big bank, if you’re unable to get in? More on that soon.) Within a products group, you’ll usually see groups like below. If you’re in a products group, it’s mostly about getting to know transaction-specific models very well.
Some investment banks will break themselves down by product group. It’s pretty wild.īut first, let’s dive into the different divisions within an investment bank.Įvery investment bank is organized a bit differently. I’ll also show you how the buy side pretty much can have you making a quarter million to half a million a year, just a few years out of school. Later, I’m going to show you how investment banking can help you get into the buy side AKA the highest paying career path in finance. Either way, they’re still great opportunities to get the most out of your finance degree. They may specialize in a certain industry. Then you got your middle market banks, like a Cantor Fitzgerald or a SunTrust. Morgans, Goldman Sachs and Morgan Stanley’s of the world. The big banks, especially the investment banks, can be broken down into three groups:
But again, it’s the most prestigious, and it has the best exit opportunities. You’ll probably work anywhere from 80 to 100 hours a week. You’ll make six figures, right after earning your degree. If you’re a business major, finance major, or economics major, and you want that big, high paying, prestigious job on Wall Street, you’ve probably heard of investment banking. I’ll break down these jobs based on what type of firm they’re part of. The Highest Paying Finance Jobs – Tier 1 Jobs Now that you know the why, let’s talk about the what and how. Later, I’m going to show you all the highest paying Tier 1 career paths in finance, and some clever ways to wield your new degree and get into them. More importantly, they’re better for your resume, and they open up a lot more exit opportunities. On the shinier side of that coin… Tier 1 = Rewarding life. You know what that means? Boring job = boring life. Barring sleep, you’re going to spend the majority of your life working. They’re much more fast-paced and it’s genuinely exciting work. Call it reputation or standing or honor if you have to. Even if you’re one of those humble-pie cats who refuse to dwell on such things, trust me, you’re a socially wired, hierarchically aware creature - it will inevitably matter to you someday. But how much, you ask? You’ll make anywhere from $70k to $125k. It’s pretty straightforward - Tier 1 finance jobs pay the most. Our finance jobs fall neatly into 3 distinct tiers. What Can You Do With A Finance Degree? The 3 Tiers
FINANCE DEGREE JOBS HOW TO
Most of you are probably wondering: “What can you do with a finance degree?”
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