Is it possible to only work 40 hours/week and succeed in the world of finance? I feel like it requires more like 60...

like
Posting as :
works at
You are currently posting as works at

If you are starting out, you may need to spend even 60-70 hours in the first couple of years until you have a client base (and production) that can be sustained . Otherwise you will most likely be a 4th or 5th quintile borderline advisor unless you have a rich uncle as a client!!😅😊

likehelpful

The world of finance is huge and very diverse, ranging from bank teller to options trader. Even if yes just looking specifically at being a client-facing financial adviser, it depends on whether you’re in the corporate structure or independent, dealing with HNW clients or generic, or figured out and streamlined your business or continue to work at book-building, the amount of time you spend varies greatly. It also depends on how you define success.

likehelpful

Depends on 1) who you work for and what they value 2) If there are investor deliverables with deadlines

smart

I am not an advisor. However, I completely agree with President 1. You usually need to spend more time up front, and then the hours drop due to a heightened understanding of the business model and how to operate in your system. Additionally, you will just naturally become more efficient and be able to leverage your connections to get to where you want. I am only a few years in, but by spending more time up front [when you have the time], it provides a lot of learning lesssons that you will have you with when you’re an absolute SME later on.

If you’re an advisor, and have 20 years experience, and still need to put in 60+ every week, something is wrong, unless you absolutely want to. Most of my finance SLT work ~45 hours each week. There’s one individual that works upwards of 80. But, do note that she want to. No one doesn’t understands why, but she loves working.

To conclude, I have an uncle that is an advisor — has been for 30+ years and definitely doesn’t work more than 40 each week. Once you have your client base and meeting OTE, you’ll be fine.

Retail banking 40hrs week and make 100k

Related Posts

I’ve spent 4 years in Big 4, with about half that time in FDD. I feel like Corp Dev is what I ultimately want, but am wondering if a stint in banking could be worth it. If I’m not interested in PE or other buyside alternatives, is the pit stop in IB worth it?
Mainly wonder if IB is a must have box to check, or if you can work your way up the ladder without.

like

Any recommended books to read prior to beginning a summer associate position? Transactional/ Corporate & Finance

like

How big does an agency have to be to justify a CCO title?

like

What are the easiest practices within S&C to go from A to C? Or does this not really matter? Anywhere I can objectively see the performance of each practice?

like

Graduating with my finance degree in about a year. I took a part-time healthcare position fill my employment gap but most of my previous experience is in manufacturing logistics and customer service. With my background, how do I break into a finance or accounting role? What positions do I apply for? I would like to make at least 45-50k a year min starting if possible.

like

I'm on my notice period and my current organization is fine to consider switching my profile to data analyst from testing for retention. Should I go for it or join axtria as analyst?(salary is more in axtria)

Left IBD to quickly - VP1 opps?

Long story short - was lured into an opportunity to do BD for a large PE PortCo… better work/life balance, but honestly miss the deal cycle.

Anyone know of open VP1 opps right now?

Quick background - former MM banker (think Raymond James, Piper Sandler size) doing FinTech and Asset Management within FIG, but also open to other sectors.

Thanks!

like

Privacy fish - Anyone taken the CIPM and can share what the exam is like?

Content outline seems like application of standard consulting approach, so how do they test it on an exam?

My remit quadrupled+ in a recent re-org with no increase in pay/promotion, my new director is new to the company and was zero help, and I was passed over for recent promotion during the comp cycle. The new director essentially began shutting me down any time I ask for clarity in my career progression. Now they have taken credit for the project I’ve been building over the past year+ without giving me props whatsoever to higher ups. What is the best plan of action here?

like

Starting a new job at Applied Materials on Monday as a Manufacturing Engineer III. I’ve been out of college for 5 years and all of my work experience till now has been in R&D for start ups and small businesses . So not only is this a new experience for me going into such a large company but also a industry (semiconductors). Does anybody has tips or advices on what I should expect as a new hire and how I can set myself up for success? Thanks!

like

I just did my pre-licencing certification and passed my CA state exam for property and casualty. No I have no idea what to do or where to start my career as an insurance agent since I have no experience in the real world, just lots of knowledge. Please help!

like

Does anyone know any reliable career coach or consultant? I desperately want to streamline my career path.

Experience:
Freelance Professor: 3 Years (Multiple coaching classes in Mumbai)
Home Tuitions: 2 years
UPSC Preparation: 2 years (Gave several other exam attempts)
SSB Conference out, 2019
Eventually ended up in corporate due to life situations (assumable) Currently Trainer & QA Lead with 5.4 LPA. Expected an L4 but it is still being delayed even after a strong doc to present.

like

Hi 🐟,
I have 2-offers which one is better to join
1)Bosh (18+4jb)
2)epam systems (25+1jb)
yoe-4
Qualification: m.tech
Tech stack: C,Linux,C++, Embedded system

like

I started a new job last week and still have no idea what I am doing. My manager is never in the office. I am just going there and sitting on my chair and doing nothing. I am thinking of looking for another job. Any advice

like

I'm at a career juncture and have decided on a career in anti-money laundering as my new path. I'm also highly interested in additional education to further my career and am eyeing graduate school. Which is best? A law degree or a master's in international relations? Those are where my interests lie. I keep reading that JDs are valued in compliance but am wondering if a different graduate program is better for my goals. I already plan to obtain the CAMS certification. Thank you!

like

EAs who manage people / have direct reports -- did your title change when you took on people management? What is your official title now?

(Context - trying to decide what title to recommend for EAs in our org who now manage people. Currently, we have multiple levels, but all EAs have the "Executive Assistant" title regardless of seniority / level / manager status.)

like

Hi All,

I have 4 years of experience as a Salesforce developer.
Can anyone suggest good product based company for Salesforce developer.
I have extensive development experience on apex,Aura,integration. After after spending 3 years in service based companies, learning is very low pace now. So wanted to switch to a product based company.
Attend one interview in sirionlabs and got offered but not sure how it is.

like

I left Audit at a midsize firm to join KPMG erp implementation consulting about 6 months ago. So far they seem to only want to staff me on projects with a heavy focus on technical accounting and audit. Spoke to a lot of others who have left and seems like being pigeonholed or staffed on projects not related to the actual core work of the practice is the common reason. I've been on the fence about whether I should stay and hope to be staffed on better projects in the future or leave soon...

like

YOE: 7
Current CTC: 20L (19 Fixed + 1 variable)
I'm a Java developer building products in networking domain. I'm strong in converting requirements into design and building products from scratch. I'm spending 12 hours everyday at work, unable to spend any time on brushing up algorithms.
I'm not happy with the money that I make for the efforts that I'm putting in, want to switch to good product company. I wish I get more time to learn and prepare for interview. Just putting my thoughts here.

like

How much better are the exits ops from MBB vs T2. Don’t think I want to do consulting forever. But close to getting offer to lateral. Do I take it and exit in 1-2 years or just exit from T2? Thanks 🐠

like

More Posts

Genuinely curious if Bill Nye encouraged anyone's science career?

like

Currently I am in Deloitte India with(6.5yrs exp) 13Lac WFH Pune hometown
I am interviewing with SAP LABS India how much should I expect for banglore location (hybrid) will need to relocate
Would it be a good decision to relocate as I am staying with my family in pune?

like
like

What Christmas gift can I get a 3 year old boy? He loves cars and all things transportation related. And has a ton of toys. I want to get him something very thoughtful that he can engage, learn or just have fun.

like

First time Dad and my 15 month old keeps running up the stairs at my in-laws place and they keep encouraging it. Stairs are almost 10 inches high with nothing underneath and I’m worried that he might slip and fall in between the stairs. My FIL is a bit of a know-it-all and keeps insisting it’s safe and I don’t agree. What do I do? Don’t want to fight the entire house full of people about this and kid enjoys it too much and cries a lot if I/we prevent him from climbing

Anybody else also having the layoffs anxiety already ? Any update/rumours about GL ?

like

I have resigned and my agency is not counting my approved PTOs for two weeks. I put notice for 30 days, is there any way I can negotiate? Or is there any law that prevents companies to cancel hard earned PTOs?

like

Hi everyone I’m new. If you could give me some likes I would greatly appreciate it!

likehelpful

Hello, anyone here from Missouri that can refer me to a company that offers work from home for RNs like UM roles. I'm getting tired of the bedside 😑
Referrals would be a great help thank you!

like

If you take a girl out to a nice dinner do you automatically expect her to have sex with you? In other words, is dating an exchange?

The Monday struggles are real.

like

For as much as women claim to support each other in the work place, I routinely see you going out of your way to hurt other female co-workers in ways you would never think of hurting male co-workers.

like

Anyone put on administrative processing when applying for a b1/b2?

I have a interview scheduled for Data Scientist job can any one suggest me. I am looking for a career transition to Data Science domain.

This cold weather has me feeling even more depressed (and irritable)...every night I dread having to do work the next day. Just constantly feel this urge to cry

like

How is kyndryl's appraisal ?
Usually are they giving to all employees or project wise and how much hike percentage min to max

TIA

like

Does jio hire for delhi ncr locations?

like

Hi

What is the shift allowance policy in Ericsson?

like

Any recs for PCPs (primary care doctors) in Chicago? I live in Lakeview so ideally in the city

like

Additional Posts in Finance

Has anyone else turned down a tech job for banking? It was a hard decision but ultimately, I decided that the experience and training I'll get here is second to none. Hope I don't regret this decision

like

Am I an outlier for enjoying the work in this industry?

like

Poll: your salary sell-side research analyst and which year are you?

like

Transitioning from line of business familiarity (understanding financial statements) to... real(?) Finance (bonds and cap markets and other debt sales) any advice on books or resources to learn really from step 0?

like

FRM is has narrow focus, demands depth, quick to complete

like

Has anyone seen Doctor Strange yet? Thinking about going to the cinema for the first time in years :)

like

Hey all I was wondering a pay range for a financial compliance analyst with 3 years compliance experience and 7 years as a registered assistant preferably UBS?

like

My friends and I brought up the black and blue dress, and it's amazing to me how many of them still see white and gold. What do you see?

like

Which philanthropic causes do you care most about?

like

People are constantly telling me that I will get my next job based on my network. Unfortunately, my network has practically failed me. Suggestions on meeting the "right" people?

like

Xerox's bid for HP is effectively dead, at least for now.

like

Realization: I'm good at my job because I'm single

like

If you take a girl out to a nice dinner do you automatically expect her to have sex with you? In other words, is dating an exchange?

The Monday struggles are real.

like

For as much as women claim to support each other in the work place, I routinely see you going out of your way to hurt other female co-workers in ways you would never think of hurting male co-workers.

like

When you build an excel model that is so fire you want to show it off...but it's private af

like

Profits OR social responsibility - what's more important?

like

Are you guys as busy as you were pre-COVID? I'm at a no name and have had two transportation clients not want to sell anymore after the massive hit in March and April

like

Married fish, when did you meet your spouse? Pre-career, when you were first starting out or when you were a bit more establish (at least a few years in)?

like

How many days a week do you manage to go out? Dinner, drinks or movie with friends etc.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal