You forgot the first rule of Blind: TC and yoe
I think you mean trading companies like hft or prop trading . IB are no where close to fbs reputation or TC.
https://www.mergersandinquisitions.com/investment-banker-salary/
Unless you make director. Salaries are lesser than fb IC. Years 1-3 are stated as 150-170-190. Fb is much more
Whomst hardo
Go where your heart takes you, ooorrr the job where you can see the next step, like what are you going to go after you land a good in investment banking?? Is the career path clear, stuff like that
If you have the grit, pay ceiling is certainly higher in IB. Not sure that the trade off is worth it though (esp at entry level). Also would be a 180 degree culture change.
Elaborate a bit more here? I’m looking to go in quant side later later. Wanted some thoughts on what the other side looks like... pathways etc.
Don’t want to crush any dreams here but it’s very rare to move from Corp fin to IB to quant. There’s some overlap, but the skill set is basically different. And the more senior you go, the more difficult it is to make a switch. But if you’re determined to do it anyway, be prepared to restart as a second year analyst or a first year associate.
It's usually the other way around!
TC AND GTFO
Why would you post this and an actually meaningful question?
TC and YOE is really important Blind convention! It’s annoying when people dont post TC
If you make that change, say goodbye to your QOL (Quality Of Life)
WLB wasn't working, gotta make your own acronym? 😆
I’ve worked for Goldman Sachs and WLB is not enough to convey the misery one feels!
What’s your field? I’m electrical and was looking into doing something similar but it seemed like I don’t really qualify.
Are you looking at quant roles?? I'm EE also (DSP and ML background) and currently work as a SWE. I was optimistic that I could use my background and apply to quant roles. What did you come across that is causing you to think you don't qualify?
At quant shops there are SWE and there are quants (generally PhD). The best HFT shops will pay SWE above F/G. It’s also tougher to get in there
Does that pay more? Curious the TC for FB finance. Entry IB would be $120K-$150K.
IB would be a lot more than that bro, easily on par with SWE if at a top firm.
Entry IB all-in is closer to 150-200. Hours are worse, but the reasonably obtainable peak of IB is more than the reasonably obtainable peak of SWE.