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"post_content": "Is there a such thing as a good paying finance job that doesn’t require 70 hour weeks?",
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Having worked in consulting, valuation and now research I think a lot of finance (ex: IB) is setting your own boundaries of what you’re willing to do. Depending on managers some will really take advantage of a person that won’t speak up. There is however an element of this that is not flexible. People that are saying take a back office role may be a bit naive to what some back office people do because a lot of those roles still have high pressure and deadlines to me (albeit they are more scheduled).
I’m in financial reporting working 9-5….I had to leave my last company for a pay jump (after I got my masters I was out/ I knew I wasn’t being offered market rate but had stayed since they were paying for my school)… have about 15years experience in finance to get the 120k I currently make….I def like it a lot more than fund admin, operations analyst roles ….there was a busy period maybe end of December to end of January in financial reporting, but not too bad otherwise…
I am admin and while it sucks, I make over 200k. Hope to do ops due diligence with a state government when I hit 45.
Rising Star
Depends what you consider "good paying"
For financial crimes you usually need either a degree in finance or criminal justice
Pro
Yes — a lot of jobs in asset management
Working for a Family Office or in UHNW wealth management in the investment team is pretty fulfilling and quite good WLB.
Yea, or work for a French bank. Europeans are 9-6 and get 4-5 weeks vacation. And when they take vacation they mostly really aren’t checking emails. I worked for a French bank in NY and it was great. Made double the salary you’re talking about as an associate with 6 years experience in an operations project management job
I will check this out.
Corporate banking (almost any segment) underwriting, Agree with any Asset management roles too. Will rarely work over 45 hours and will prob never touch your laptop on the weekends. All pay for these roles should be 75k or up
FP&A is solid, I work 45-50hrs per week. ~95K TC w/ 3YOE
Regional bank corporate FP&A
Asset management for sure. Typically 50-60 hour weeks w/ strong pay
Pro
Traders and buy side (think hedge fund portfolio manager) can make excellent money and the hours are reasonable but it’s not something you can pick just because of the better hours and expect to somehow be a star at it (just my humble opinion). It takes genuine passion for markets and guts to own the risk
Pro
The question asked <70 and I imagine they had in mind investment bankers who pull 80-100. I agree with you that the stress more than compensates for the ‘fewer’ hours (in relative terms) so it would be stupid to consider it easy under any respect
Yes, look in Wealth Management over IB
NFT scams, online scams, yeah just scams.
Go BD for tech…. Get 150k + options, no more than 40 hours and relatively fulfilling
Depends on what you mean by Finance. Working in ops risk for trading desks… 155 all in with two YOE. You’re just finance adjacent not doing finance.
Corporate banking is a great choice if you want to actually do finance, make decent money and have work life balance.
@BOA1 here is a job description for an open role at your firm
https://careers.bankofamerica.com/en-us/job-detail/22030791/analyst-associate-business-controls-support-officer-new-york-new-york-united-states
Of course, pretty much all client facing or within an actual business on asset mgmt side… trading / sales/ pms / product / strategy etc
Retail bank roles like the chase side of JPMC have pretty normal hours. I didn’t consider a career in financial services until I had exposure. Look at their consumer business, business banking, and wealth management
40-50 hours, analyst-associate base comp $90-120k+ depending on experience and if you are coming out of business school. W recent comp increases it could be more
Depends what you consider well paying. Wealth Management is 👍🏼
Depends what you consider good paying. For reference I graduated from undergrad 5 months ago and work on average 50 hours a week. I make around $115k (including bonus) so I would say that’s a good paying job. I work in real estate underwriting.
Enabling Areas at Deloitte would get you there plus the benefits are decent and you work remote.
Managing a team that has to put in the long hours 🤷🏻♂️