Took a pay cut from banking for a job paying 175k TC working 40 hours remote (very little overtime). I’m 26. All things considered, is this as good as it gets? I have similar aged friends making 200k+ (either tech or banking) but I’m sure their hours are way worse but it’s hard to wonder if I made the right choice

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Most people will never see $175k in their lifetime. And working only 40 hours and remote? Plus at age 26.

likesmarthelpful

AMEN

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Yet another humble brag, I'm starting to see a trend.

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I’d love to know your demo.

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Dude, national median HOUSEHOLD income is about $75k.

You’re doing fine.

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I’d take $175k to work 40 hours a week - and that would be a huge pay cut for me 🤷‍♀️

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Is this as good as it gets? No - life becomes better after 26 once you build up more confidence, establish yourself in your career, and hopefully realize that you need to look at your own life to figure out if you are happy, not look at others and infinitely worry on "what ifs"

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How much did you make previous? What do you do now?

$175k is your starting pay. You can expect to get more with tenure/promotions. But generally yes, you can expect to make < $300k a year in your new "not so lucrative" career.

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I was about 180k TC (variable comp was not that good this year) but my next promotion cycle to associate would bump me to about 275k next year. Then about 300, then 325ish. I’m doing corporate finance now at a company that is quasi-government so it’s a lot slower paced

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It gets better. You can make double or triple and not even work 40 hours in a month.

Ask me how I know. 🤑😎

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How?

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Def gets better. I'm at about $300k and probably work 30-35 hrs a week, also took the wlb over maximizing pay route

likesmart

No such thing as “good as it gets.” Limit yourself and you will be limited. 175k a year isn’t enough for a Rolls Royce. Not interested.

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I would say you’re doing very well! Most likely, you’ll continue to do better depending on the direction you go. Find something you like and balance with a good salary. You will be much happier in the long run.

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Good morning
How can I start my career in investment banking ?
My profile
-3 year branch banking
- 4/5 accounting and financial analyst
Bachelor of business-Finance
Any recommendations would be so helpful

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26, full remote, that comp? You are sitting pretty right now friend!

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Op what was the change in role banking to what? Over all especially now that u have a work life balance I think it's a good tradeoff imo ..but curious about what shift you made

Go love your life and you’ll know you made the right choice

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