Plss consider this video and my thoughts within the confines of the structure I presented. I know I majorly simplified things to make it easier to follow (i.e. giving one point to each category when in real life things are much more complex). Also as I mention multiple times, all these industries can be great depending on what you look for and you can create a great career for you. So take everything with a grain of salt! 🧑🏫Wharton & Wall Street Prep PE Certificate Program🧑🏫 ► Use code RARELIQUID for up to $500 OFF - secure.enroll.wharton.wallstreetprep.com/referral/fkx0rrss/s2yqD1GUkwps4u5h ► Download LBO Model - secure.enroll.wharton.wallstreetprep.com/referral/DSczdzDz/s2yqD1GUkwps4u5h 🚀FREE Career Resources🚀 ► My AI Newsletter - rarecandyai.com/ ► Download Financial Models - rareliquidcareers.com/models ► Join the rareliquid Discord Community - discord.gg/AHnxBUGTwt
As a controller/finance manager, I think you’re underselling FP&A. Working as a CFO is arguably the endgame of FP&A, and I would argue ranks S-tier in prestige, compensation AND work-life balance.
Im in FP&A. Great work life balance. Lots of exposure, especially working at a smaller company. Can easily be at 100-150k comp and not hate your job/life.
i mean once ur at the very very top in any industry it’s very lucrative and have great prestige and work life balance. MDs at banks, partners at funds, etc all equivalent pretty much equivalent to CFO
@@swagmassa6702 I mean when we rank any corporate finance/strategy/development jobs we’re pretty much talking about f500, just like when we rank ib we are not talking about a boutique.
Please don't base your career on these rankings. It's very biased. Some people in FP&A get paid even more than most people in hedge funds. You need to calculate the risk-adjusted salary over the entire career.
yes obviously can’t choose a career based on one video and i say many times in this video that there’s much more to each job than these rankings and that u can have a great career in any of these industries. i would say tho the avg comp in hedge funds is way more than at fp&a for the person who is the same age. risk adjusted salary good point tho cuz u can get fired at hedge fund much more easily (also something i mention in video tho)
Who’s getting paid 500k at 28 yo in fp&a? Come on.. I get your point and it’s fair but let’s not exaggerate that bad. Unless you are looking at very small shops, HF SM and MM will pay you 2x what you earn in IB/PE because it’s precisely the golden exit ticket to both of those
Hello, VC/startup person here. On the comp figures for VC, it depends a LOT firm to firm, and the biggest thing is that you get a ton of carry, and a lot of smaller firms have 2 tier'd systems that allow you to get to partner level really quick. VC people stay in it for the long haul, as it's an industry where carry is probably the biggest variable. Plus, the people at the top make WAY more in VC than in HF or PE, as their fund returns are super strong, and you basically just need to make 1 good bet to make a career.
@@oneandonlyflow small amounts of carry in a fund that makes a good bet do really well. Big vc firms like sequoia already pay big bases, so it's more like the difference between a MM fund or a SM fund. More people and money means higher base, lower carry and vice versa
I knew a few folks who put their hours in IB/PE in their twenties and then went into FP&A when they started a family and wanted to settle down a little (taking a very comfy six figure role with better hours and forgoing the lucrative bonuses they would have received otherwise). You never hear about someone going the reverse route (starting in FP&A).
Very difficult to rank jobs purely based on such broad roles. Sales & Trading can be a D tier job but if you look at some specific desks it can be S tier, especially since you get guys with PhDs in maths or physics from top schools there who can easily outearn MDs in the IBD.
At most BB investment banks, global markets (S&T) has a much bigger share of revenue compared to fees earned from IB -the wild bond trading days of the 80s may be over, but it’s definitely still a very relevant piece of the ecosystem.
Great video! I work in investor relations at a NY Alts firm, so I can add some color given as you mentioned there isn’t much info out there. All in comp for someone 2-3 years out is closer to $150-250 depending on the size of the fund. Hours are more like 50-70 depending on how many funds your firm raises a year. Prestige depends, you’ll definitely never be at the level of someone in a buy side role, but other than that, your viewed as pretty prestigious (although as someone with a few years in the industry I can tell you that prestige is kind of dumb to care about, worry about how many hours you have to work and how much your getting paid for it). Hope this adds some color
This is an informative video as a non-finance person. Prestige is an interesting metric though. It kind of falls off if you're not in finance and really have no insight into the roles. Also, there's youtubers that make more money than people in finance and have no corporate prestige lol.
@user-bq8ei4cb5w Ironically, the Wharton grad that makes these videos decided to choose TH-cam over a pure finance career. lol. Also, you don't/shouldn't care about other peoples opinions about what you do.
Prestige is how much other firm will value your role, not how much your beer buddies respect you. In PE you can literally join any of the lower tier jobs but it’s impossible to get anywhere in your career once you’re a salesman in pwm
@@wallstreetzoomer I think you're missing my point. I'm saying prestige of finance falls off outside of finance. Of course it can matter in the finance industry when it comes to getting a job.
@@jackreacher4547 oh I agree with you there. There is also an industry prestige tier with engineering at the top (many finance firms love engineering grads) and social studies at the bottom.
Having a multi-dimensional approach to these rankings in OP. Really solid. It would have been interesting to also list the title of the position in the salary section though. Really solid! Sub earned! BTW, I am making the move from Google to MBA in hopes of making it into VC -> HF
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
It's unfortunate that the compensation and work-life balance lists are almost mutually exclusive. You almost are required to sacrifice one for the other, and while it's simply a product of how much work you put in, it's depressing.
Wow, times have really changed. Back in the day S&T was right on par with IBD in terms of prestige and competitive peers. Seems like it's taken a backseat now
As a commercial banker, I don't really think 25 year olds are making 70-80k. The issue is your bonus and incentive comp comes in after you're an RM, and that generally happens at 25. ChatGPT definitely has it wrong, lol.
@@celestialtimesquidAny quant makes good money, that should have been included in the ranking, doesnt make much sense to have “hedge fund” when that encompasses a variety of jobs
bro, you work in IB, you can exit to PE or a HF. Nobody know what it takes to get into VC; bar is infinitely higher. Sequoia guy can easily get a job at KKR growth equity or PE but not vice versa.
have to disagree with the commercial banking ranking. you can do levfin, sponsor finance, ABL, Corp banking, very competitive specialties in commercial banking and on par with IB.
Hey good sir, thanks for making this video. Curious on the lifestyle of VC firms - do you know how often seniors travel? I would assume pretty often given fundraising, meeting companies, attending conferences. Currently an IB analyst as well with bad motion sickness (lol) so trying to figure out my next steps in terms of maximizing dollar / per hour while not traveling. Leaning towards co-invest or vc but would love to hear your thoughts on both.
Some relevant videos you may be interested in related to this video! ► Top 10 Highest Paying Jobs out of College - th-cam.com/video/XkwLeKqKMKY/w-d-xo.html ► How Buy-Side Investors Create Value - th-cam.com/video/U2JPCWMY_J8/w-d-xo.html ► A Guide to Hedge Funds - th-cam.com/video/fh84yDnNMLE/w-d-xo.html ► What It's Like Working at Apple - th-cam.com/video/2Gn6Z0RRKUQ/w-d-xo.html ► A Beginner's Guide to the Buy Side - th-cam.com/video/sZiVEC5-o0w/w-d-xo.html
That ranking is very biased (and your explanations more detailed) towards the corp side rather than the market side (which is understandable because thats your background) but people should be aware of that.
Dude, I like your videos and am watching you since a long time, but this video isnt good at all. You as someone with so many connections and exclusive insights in this amazing industry could have given info on daily tasks, typical cultures and types of people who work there, showing possible challenges & personal growth opportunities for the viewer. Please continue with HQ Content, you're better than that.
Bit disappointed in this vid. Your interviews are great at detailing different careers and I’m a huge fan of them, but tough to be ranking careers and weighing them 33% on “prestige” which ultimately doesn’t matter (work in PE). Not the right message to be delivering but guess views are views and here I am watching this one. Please keep up the interview content tho - those are fantastic
Plss consider this video and my thoughts within the confines of the structure I presented. I know I majorly simplified things to make it easier to follow (i.e. giving one point to each category when in real life things are much more complex). Also as I mention multiple times, all these industries can be great depending on what you look for and you can create a great career for you. So take everything with a grain of salt!
🧑🏫Wharton & Wall Street Prep PE Certificate Program🧑🏫
► Use code RARELIQUID for up to $500 OFF - secure.enroll.wharton.wallstreetprep.com/referral/fkx0rrss/s2yqD1GUkwps4u5h
► Download LBO Model - secure.enroll.wharton.wallstreetprep.com/referral/DSczdzDz/s2yqD1GUkwps4u5h
🚀FREE Career Resources🚀
► My AI Newsletter - rarecandyai.com/
► Download Financial Models - rareliquidcareers.com/models
► Join the rareliquid Discord Community - discord.gg/AHnxBUGTwt
the link to the LBO model doesn't seem to be working...cld u plz check? Thanks Ben!
As a controller/finance manager, I think you’re underselling FP&A. Working as a CFO is arguably the endgame of FP&A, and I would argue ranks S-tier in prestige, compensation AND work-life balance.
I would say he ranked FP&A as C because you can do FP&A at every company even if it's not in the finance industry
Im in FP&A. Great work life balance. Lots of exposure, especially working at a smaller company. Can easily be at 100-150k comp and not hate your job/life.
i mean once ur at the very very top in any industry it’s very lucrative and have great prestige and work life balance. MDs at banks, partners at funds, etc all equivalent pretty much equivalent to CFO
braindead job
@@swagmassa6702 I mean when we rank any corporate finance/strategy/development jobs we’re pretty much talking about f500, just like when we rank ib we are not talking about a boutique.
Please don't base your career on these rankings. It's very biased. Some people in FP&A get paid even more than most people in hedge funds. You need to calculate the risk-adjusted salary over the entire career.
yes obviously can’t choose a career based on one video and i say many times in this video that there’s much more to each job than these rankings and that u can have a great career in any of these industries. i would say tho the avg comp in hedge funds is way more than at fp&a for the person who is the same age. risk adjusted salary good point tho cuz u can get fired at hedge fund much more easily (also something i mention in video tho)
Who’s getting paid 500k at 28 yo in fp&a? Come on.. I get your point and it’s fair but let’s not exaggerate that bad. Unless you are looking at very small shops, HF SM and MM will pay you 2x what you earn in IB/PE because it’s precisely the golden exit ticket to both of those
Hello, VC/startup person here. On the comp figures for VC, it depends a LOT firm to firm, and the biggest thing is that you get a ton of carry, and a lot of smaller firms have 2 tier'd systems that allow you to get to partner level really quick. VC people stay in it for the long haul, as it's an industry where carry is probably the biggest variable. Plus, the people at the top make WAY more in VC than in HF or PE, as their fund returns are super strong, and you basically just need to make 1 good bet to make a career.
Huhh?? Not everyone gets a ton of carry you usually need to be a GP. Also, top people at PE and HF make a ton too.
@@oneandonlyflow small amounts of carry in a fund that makes a good bet do really well. Big vc firms like sequoia already pay big bases, so it's more like the difference between a MM fund or a SM fund. More people and money means higher base, lower carry and vice versa
I knew a few folks who put their hours in IB/PE in their twenties and then went into FP&A when they started a family and wanted to settle down a little (taking a very comfy six figure role with better hours and forgoing the lucrative bonuses they would have received otherwise). You never hear about someone going the reverse route (starting in FP&A).
the greatest talent is literally realizing that these jobs exist and getting an internship. Nobody i know has heard of any of these jobs
Especially knowing it during high school and freshman year.
one reason why i wanted to make this video!
Honestly the comp section should be broken down $/hour worked. Would shape up much differently.
agree with u on this maybe ill do a follow up one with a more complex analysis!
Very difficult to rank jobs purely based on such broad roles. Sales & Trading can be a D tier job but if you look at some specific desks it can be S tier, especially since you get guys with PhDs in maths or physics from top schools there who can easily outearn MDs in the IBD.
Do not need PhD, can just have a Masters in financial mathematics from a top 30 global university
Valid. Exactly what I was thinking.
Fantastic video!!
At most BB investment banks, global markets (S&T) has a much bigger share of revenue compared to fees earned from IB -the wild bond trading days of the 80s may be over, but it’s definitely still a very relevant piece of the ecosystem.
Feel like I just caught a stray working in PWM lol
that segue into the first ranking was hilarious
it was subtle and not many have talked about this in the comments as i thought lolol
Great video! I work in investor relations at a NY Alts firm, so I can add some color given as you mentioned there isn’t much info out there. All in comp for someone 2-3 years out is closer to $150-250 depending on the size of the fund. Hours are more like 50-70 depending on how many funds your firm raises a year. Prestige depends, you’ll definitely never be at the level of someone in a buy side role, but other than that, your viewed as pretty prestigious (although as someone with a few years in the industry I can tell you that prestige is kind of dumb to care about, worry about how many hours you have to work and how much your getting paid for it). Hope this adds some color
great additional info and i do think IR is super overlooked / underrated as i mention multiple times in the vid!
Loved to see your take on these fields, but you forgot to add in quant finance !
This is an informative video as a non-finance person. Prestige is an interesting metric though. It kind of falls off if you're not in finance and really have no insight into the roles. Also, there's youtubers that make more money than people in finance and have no corporate prestige lol.
@user-bq8ei4cb5w Ironically, the Wharton grad that makes these videos decided to choose TH-cam over a pure finance career. lol. Also, you don't/shouldn't care about other peoples opinions about what you do.
Prestige is how much other firm will value your role, not how much your beer buddies respect you.
In PE you can literally join any of the lower tier jobs but it’s impossible to get anywhere in your career once you’re a salesman in pwm
@@wallstreetzoomer I think you're missing my point. I'm saying prestige of finance falls off outside of finance. Of course it can matter in the finance industry when it comes to getting a job.
@@jackreacher4547 oh I agree with you there. There is also an industry prestige tier with engineering at the top (many finance firms love engineering grads) and social studies at the bottom.
Not even having real estate development or real estate private equity on the list in insane
crazy work
I feel like you should’ve also included quants in the ranking too
Having a multi-dimensional approach to these rankings in OP. Really solid. It would have been interesting to also list the title of the position in the salary section though. Really solid! Sub earned! BTW, I am making the move from Google to MBA in hopes of making it into VC -> HF
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Can you prepare a video related to the career opportunities and exit strategies for Quant Traders?
Please include risk management aswell from the next go
It's unfortunate that the compensation and work-life balance lists are almost mutually exclusive. You almost are required to sacrifice one for the other, and while it's simply a product of how much work you put in, it's depressing.
How is this depressing, you already understand it is a product of how much work you put in?
Venture capital remains exception
I’m a bit baffled. More work, more earn. Is that not what you want from a society?
Welcome to the capitalist world lmao of course it's stupid and counterproductive
If there’s an easier career that pays better, more people go into it and increase the labor supply and drive down salaries.
Wow, times have really changed. Back in the day S&T was right on par with IBD in terms of prestige and competitive peers. Seems like it's taken a backseat now
Private wealth management is a bit broad...I worked in real estate commercial fund management and umbrella of division was under PWM
Of course in a way biased, but I find all these factors important, so its a good list!
As a commercial banker, I don't really think 25 year olds are making 70-80k. The issue is your bonus and incentive comp comes in after you're an RM, and that generally happens at 25. ChatGPT definitely has it wrong, lol.
im a senior credit analyst in commercial / corp banking making 90k with a 15% target bonus. depends what group you’re in.
IMO I’d be much more impressed by an exotic derivs trader at a BB than a banker at an EB
My finance profession doesnt even make the list 😂
Shows the level of prestige advisors have lmao
are these the best jobs in finance ? can you do a video on the best careers in general ? like medical and tech ?
sure can do that
where are the quants hello? citadel undergrad interns at $120 per hour
That's just because citadel is cracked asf lol
@@celestialtimesquidAny quant makes good money, that should have been included in the ranking, doesnt make much sense to have “hedge fund” when that encompasses a variety of jobs
i’m including them in hedge fund
bro, you work in IB, you can exit to PE or a HF. Nobody know what it takes to get into VC; bar is infinitely higher. Sequoia guy can easily get a job at KKR growth equity or PE but not vice versa.
Need a worst jobs in finance ranking
What about strategic finance? I would say its interesting and can be different than FP&A.
what positions does a corporate finance job fall under with regard to the way you segmented the jobs in these rankings
Thanks super helpful! What do you think of corporate banking?
When will you make videos about project ideas for each industry to get into those?
Quant trumps all tho 😎
@rareliquid would love to hear who introduced you to these jobs. would be an interesting and engaging vid. All other channels are missing this.
u just hear about them when u work in the industry
have to disagree with the commercial banking ranking. you can do levfin, sponsor finance, ABL, Corp banking, very competitive specialties in commercial banking and on par with IB.
Quant analyst are the best jobs..both combining tech and finance at the same time
Why is sales and trading shrinking and losing relevance?
Hey good sir, thanks for making this video. Curious on the lifestyle of VC firms - do you know how often seniors travel? I would assume pretty often given fundraising, meeting companies, attending conferences. Currently an IB analyst as well with bad motion sickness (lol) so trying to figure out my next steps in terms of maximizing dollar / per hour while not traveling. Leaning towards co-invest or vc but would love to hear your thoughts on both.
Private banking def has higher compensation
How about Family Office!
if it's your family capital, its SSS tier. You are your own MD lmao or your dad is your MD lmao.
what did you study during undergraduate?
can i get if i dont have a greencard?
What kind of first degree has a better demand to get into investment banking,PE,VC,Hedge fund stuff like that
business, economics, math, stats, etc but more importantly internships that show you’re interested in the field
Isn't finance degree?😢
Just degree won't help. What you learn outside of your degree that's related to your job helps. Everyone has a degree but aren't fit.
Wouldn't Corp dev more of an A tier? VC as S tier?
Where would Private Banking fit?
Thank you 🎉
Have a question,how about the legal and compliance department?😊
These two are very different (and require different backgrounds).
No consulting?
Not finance
IB/hedge fund soon to be
where would business valuation fall on this list?
Is not a finance degree best for get into field like this?
Some relevant videos you may be interested in related to this video!
► Top 10 Highest Paying Jobs out of College - th-cam.com/video/XkwLeKqKMKY/w-d-xo.html
► How Buy-Side Investors Create Value - th-cam.com/video/U2JPCWMY_J8/w-d-xo.html
► A Guide to Hedge Funds - th-cam.com/video/fh84yDnNMLE/w-d-xo.html
► What It's Like Working at Apple - th-cam.com/video/2Gn6Z0RRKUQ/w-d-xo.html
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Where would you rank Family Office investing?
I got an F 💀💀
where would you place risk management in tis list? Just curious
for prestige prob like D tier, comp C/D, work life A/S - roughly speaking
Would say many people leave IB for private credit…
What about corporate banking?
That ranking is very biased (and your explanations more detailed) towards the corp side rather than the market side (which is understandable because thats your background) but people should be aware of that.
was trying not to be but i guess i cant be 100% unbiased. lmk if i said anything wrong
As a former banker in Hong Kong, I think it's pretty fair. 😂
@@rareliquidI would argue that Fixed Income S&T, Private Banking, and AM at a place like JP Morgan can pay on par or even more than IB
Dude, I like your videos and am watching you since a long time, but this video isnt good at all. You as someone with so many connections and exclusive insights in this amazing industry could have given info on daily tasks, typical cultures and types of people who work there, showing possible challenges & personal growth opportunities for the viewer. Please continue with HQ Content, you're better than that.
I feel as if he has done a lot of that in other solo videos and interviews with other industry professionals.
insurance jobs don’t count? AIG and similar companies pay well.
What about Real Estate Private Equity
Bro how to get into sales and trading ... pleaseeeeeeeeeeeeeeeeee
Where do Capital Markets (DCM/ECM) go?
Kirsten Expressway
Bit disappointed in this vid. Your interviews are great at detailing different careers and I’m a huge fan of them, but tough to be ranking careers and weighing them 33% on “prestige” which ultimately doesn’t matter (work in PE). Not the right message to be delivering but guess views are views and here I am watching this one.
Please keep up the interview content tho - those are fantastic
Prestige is such a stupid metric to rank on lol.
Included 0 corporate finance 😂
lot of these jobs fall under corp fin haha like fpa investor relations tax etc