Ranking the Top 10 Jobs in Finance! (Based on Compensation, Reputation, and Difficulty Breaking In)

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rareliquid careers

rareliquid careers

Күн бұрын

Пікірлер: 316
@rareliquidcareers
@rareliquidcareers 2 жыл бұрын
⬇Wall Street Prep Courses⬇ ► Use code RARELIQUID for 20% OFF on any course! ► gv142.isrefer.com/go/rliquid/rareliquid/ ⬇Wharton / Wall Street Prep Private Equity Certificate Program⬇ ► Use code RARELIQUID for up to $500 off! ► tinyurl.com/54zjjhv4 🚀Sign up for my courses🚀 ► How to get into investment banking: forms.gle/wt4cZrezbxVgNzGUA ► How to get into MBA programs: forms.gle/9yEyycuP7NnQBjue8
@dannyarroyave3017
@dannyarroyave3017 2 жыл бұрын
Take the numbers with a grain of salt, currently working out an offer for entry level private wm at Bank of America for 92k, and I’m straight out of college. I think it great depends on company and location.
@pas5294
@pas5294 2 жыл бұрын
​@@dannyarroyave3017 is it hard to get in BoA as an intern? what is the required gpa for it
@aliveliev3998
@aliveliev3998 Жыл бұрын
Thank you very much for properly explaining about consulting companies. I would highly appreciate if you share your email to contact with you.
@wandemiles
@wandemiles 5 ай бұрын
When you venture into the world of financial investment, it's important to understand some foundational principles
@JacobMcDonald-wb6wl
@JacobMcDonald-wb6wl 5 ай бұрын
It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.
@FrankBrook-js9yh
@FrankBrook-js9yh 5 ай бұрын
Yes, It a procedure where you allocate money or capital towards buying financial products, expecting to earn a considerable return in the future.
@SaraAhmadi-tn8nn
@SaraAhmadi-tn8nn 5 ай бұрын
According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.
@BennieY.Jenkins
@BennieY.Jenkins 5 ай бұрын
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000
@WeweAke
@WeweAke 5 ай бұрын
Patricia Strain must be a great person, her strategies are top notch.
@seanmichael6579
@seanmichael6579 2 жыл бұрын
#10 - Private Wealth Management (1 rep, 1 difficulty, 1 comp) #9 - Accounting/Tax/Audit (1.5 rep, 1.5 difficulty, 2 comp) #8 - Commercial banking (2 rep, 2.5 difficulty, 2.5 comp) #7 - Financial Planning and Analysis ("FP&A") or Treasury (2.5 rep, 2.5 difficulty, 2.5 comp) #6 - investment banking (non M&A): sales and trading, equity research, asset management (3 rep, 3 difficulty, 3 comp) #5 - corp development (3.5 rep, 4 difficulty, 3.5 comp) #4 - investment banking M&A roles (4 rep, 4 difficulty, 4 compensation) Buy side positions all below #3 - venture capital (5 rep, 4.5 difficulty, comp 4) #2 - private equity (5 rep, 5 diff, 4.5 comp) #1 - hedge fund (5 rep, 5 diff, 5 comp)
@rareliquidcareers
@rareliquidcareers 2 жыл бұрын
⏱Timestamps⏱ 1:31 - #10 2:55 - #9 3:58 - #8 4:57 - #7 6:11 - Wall Street Prep 7:08 - #6 8:15 - #5 9:12 - #4 1:31 - #3 12:28 - #2 13:14 - #1
@D5Boy1
@D5Boy1 2 жыл бұрын
Thanks for this
@shivanshshukla5883
@shivanshshukla5883 2 жыл бұрын
11:31
@TheDeathtune
@TheDeathtune Жыл бұрын
Extremely informative video. Thanks
@srujan00
@srujan00 3 ай бұрын
@@shivanshshukla5883 it's more like 11:02
@Jayhawkfinance
@Jayhawkfinance Жыл бұрын
I work within a family’s company as a real state analyst. Hours vary and pay is of course amazing. I’ve noticed that when we have lots of different deals at once I get completely swamped nearly depriving myself of food sometimes bc I get lost in trying to finish things quickly. But there are times where maybe I’m only working on 1 deal and then the time is alot slower and more manageable. I have friends that work on wall street and alot of the reason why these big firms have crazy hours really is due to the amount of business they attract. The more deals they get awarded the more manpower it’s going to take to execute on those deals
@NXBKNG
@NXBKNG 10 ай бұрын
How did u get into that role
@noah5678
@noah5678 Ай бұрын
I did a PWM internship at UBS this summer. All of the FAs were bringing in 500k+/yr. The floor is kind of low at the entry levels but the ceiling is pretty high and you can advance very fast.
@Zakrovik
@Zakrovik Жыл бұрын
Interesting, I never actually thought audit would be counted as "career in finance" since it's all accounting based. Pay in audit does increase greatly, only if you get CPA though.
@jayshettyclips0
@jayshettyclips0 2 жыл бұрын
I think the difficulty rating should be flipped so instead of something like 4 stars it would be 1 star. This way when you add up the numbers the sum actually reflects how good the job is.
@yannick4382
@yannick4382 Жыл бұрын
it would be 2 thought
@Killua_x_99
@Killua_x_99 11 ай бұрын
I agree I also looked where the compensation is better then the difficulty, the only Job was Accounting/Tax/Audit
@CommoditiesTrader
@CommoditiesTrader 9 ай бұрын
Absolutely agreed. 120 hours a week = better?! I'm a FA/ Private Wealth Management and am in office about 30 hours a week. Pay is up there with his top 3 so overall it would be a lot higher given I went to two junior colleges 🤷‍♂️
@davisliuSF
@davisliuSF 2 жыл бұрын
I think these rankings are appropriate for those right out of college. However, for someone 10+ years out of college, the rankings change as the lifestyle component becomes more important for most. E.g. private wealth management can be great - making mid 6 figures ($300k+) at a decently sized place, while working like 5 hours a day. And people get sick of $750k / year banking jobs that are a grind.
@meme_chef
@meme_chef 2 жыл бұрын
true, same with Endowments/Foundations industry. a senior analyst (3 yrs post banking) i know at a large private foundation makes ~300k a year. the directors make $1.5 mil and the CIO makes around $3 mil. all work less than or equal to 40 hrs a week.
@dastorm15
@dastorm15 2 жыл бұрын
Is 5 hours a day making mid 6 figures the usual in wealth management?
@nanaasamoah1538
@nanaasamoah1538 2 жыл бұрын
@@meme_chef what are some example of companies and position titles. I am currently an Adjuster looking for a change
@meme_chef
@meme_chef 2 жыл бұрын
@@nanaasamoah1538 Analyst, Associate Director, Director, Chief Investment Officer is the typical hierarchy. Think large non-profits (Gates Foundation, rockefeller foundation, ford foundation) and colleges/university endowments.
@DijonDonuts
@DijonDonuts 2 жыл бұрын
@@dastorm15 senior/upper level positions yes
@prianshubhatia2759
@prianshubhatia2759 2 жыл бұрын
1:50 You hardly invest in mutual funds as a "experienced" private wealth manager. Infact mutual funds are used all the time to provide liquidity into the market and exit to big individual investors. Private wealth management requires rigorous research and analysis, just like any investment job. Most of the top private wealth managers are ex top investment bankers with deep connections in the industry.
@nastyboir822
@nastyboir822 10 ай бұрын
PWM doesn’t require any analysis. Wtf are you talking about?
@PeterAdiSaputro
@PeterAdiSaputro 4 ай бұрын
Hi, thanks for your thorough and detailed explanation about any jobs position in finance. My background is computer science and information technology, my interest in finance has been increasing in recent times.
@monkey220ms
@monkey220ms 5 ай бұрын
As someone who doesn’t have a math PHD, I’d take PE over HF because your fund can implode at any moment which you have almost no control over. Also it’s hyper competitive with overall terrible job security. Also your bonus might be $1m one year and $0 the next.
@kexunye3950
@kexunye3950 Жыл бұрын
The video is quite helpful for students like me learning the finance jobs overly. Thank you!
@MJL16112
@MJL16112 8 күн бұрын
This is a very fair rank - compared to your newer video, this seems much much more accurate
@andrescast
@andrescast 2 жыл бұрын
I’m surprised you didn’t include work/life balance. Compensation/hours worked/stress level should put positions like commercial banking and wealth management a lot higher and high finance IB much lower. Divide an IB analyst pay by their 80 hr workweek, and they probably closer to $25-30 an hour.
@chadbernal9682
@chadbernal9682 2 жыл бұрын
yes, of course, but those are different priorities. As people say, you go into corporate finance (IR, FP&A, treasury, etc.) to get your hours back, not lose them. Commercial banking and wealth management also provide a much better WLB than VC, HF, PE, IB, etc. For pure total compensation and not hourly rate, the traditional wall street gigs do better.
@dar7279
@dar7279 2 жыл бұрын
80 is being nice you are probably going to work 100 hours
@alexquelch5990
@alexquelch5990 2 жыл бұрын
@@dar7279 I havent worked in IB before but im curious. IB is notorious for this 100h workweek but how is this even possible? if you were to work 12h a day 6 days a week thats only 72h so youd need to be working 17h a day to get to 100h. The only way I can see this as being physically possible is if we are counting time spent in the office, not necessarily time actually working. Also is it more so that some weeks you will be doing 100h and others may be less like 70-80? It would have to vary. I think people very much overestimate these things. But I have no experience, let me know
@Somebody-lk7dm
@Somebody-lk7dm 2 жыл бұрын
i think another good metric to use here would be long term viability. yes, hedge funds are often very reputable, lucrative, and difficult to land an offer at, but they can also have really high turnover, especially during recessions. private equity is another that could be hard for a person to stay in past the vp level as partners would have to give up more carry for every promotion.
@imt3206
@imt3206 Жыл бұрын
Give up more carry? What’s carry?
@ThePipojp
@ThePipojp Жыл бұрын
Hedge funds and prop trading firms also pay a lot less than BBs at higher level of seniority. They poach talent at junior levels with amazing comp, but then even their CEOs and CFOs make less than 2m a year, while MDs at BBs are already making that much.
@aperkins07
@aperkins07 2 жыл бұрын
FPA and Treasury are very different... One is financial reporting and kind of falls under accounting due to the focus on a financial statement (P&L) and reviewing postings. They're mainly review drivers/impacts to revenue, net income, etc. while Treasury mainly deals with cash management and liquidity (risk). I've done both. Very very different. You don't need any understanding of accounting in the latter. And you'll always find FP&A in companies, it's just that you might not find it as often for entry level grads because experience is often expected by peers in other departments (you'd be directly exposed to business strategies compared to other groups and the fact you're exposed to execs/directors).
@rachealachola7529
@rachealachola7529 Жыл бұрын
I am so glad that I came across this channel!
@carsongiles8112
@carsongiles8112 Жыл бұрын
Investment banking is good if you want a lot of money quickly but you will suffer, your social life will suffer, your significant other will suffer, your kids will suffer, your free time will plummet, your phone will always be ringing. You will never get that time back.
@AnthonySmith-gx9bs
@AnthonySmith-gx9bs 2 жыл бұрын
That transition sound between jobs is driving me insane lol
@moogoogaipan3089
@moogoogaipan3089 2 жыл бұрын
it’s pretty common to go to HF from ER too, doesn’t just have to be PE or IB at least at my bank
@Series7Exam
@Series7Exam 4 ай бұрын
for #10 you need the Series 7 and Series 66 for #6 Sales and trading you might need the Series 7,57 and 63 and IM probably need the Series 7 and Series 63 #4 you would need the Series 79 and Series 63 the rest most likely wont need licenses
@kevinsuh5313
@kevinsuh5313 2 жыл бұрын
These rankings are ❤️‍🔥❤️‍🔥 more of these please!
@zachary.g6545
@zachary.g6545 2 жыл бұрын
Hi Thanks for the sharing,could you do a LBO and M&A valuation also? really really looking forward M&A and LBO videos. Thanks.
@Lucy-ul6mo
@Lucy-ul6mo 2 жыл бұрын
I graduated in December & joined a big firm in wealth management. I make 80k not including bonus! However, It’s not the area I’d like to be in so I totally agree with the other points you spoke to. I’d like to do equity research so hopefully beginning the cfa process will help?
@nickcoats5227
@nickcoats5227 2 жыл бұрын
Nice! Trying to go into that area, trying to get an internship but it’s hard.
@pinkfluffyunicornsdancingo3683
@pinkfluffyunicornsdancingo3683 Жыл бұрын
What degree at university did you take
@Ash-ku2rz
@Ash-ku2rz Жыл бұрын
My brother has completed CFA, what field should he choose? what are his options?
@lameguylavine
@lameguylavine Жыл бұрын
CFA always have a upper hand when getting into IB (core) including equity research, asset management and management consultancy a lot of times ( with decent management skills. Candidates usually pursue MBA from a school with great connections and build a strong network, thus making it even easier.
@levifortune3841
@levifortune3841 Жыл бұрын
I am trying to get into PWM, I graduate May 2025 for BS in Finance, Any tips on breaking into the industry?
@finnwheatley2194
@finnwheatley2194 2 жыл бұрын
I went straight into the HF world on graduation and left 3 years later to go into tech, it’s just a grind and not much fun anymore
@r3v0a98
@r3v0a98 2 жыл бұрын
Can I ask you what you did in the HF? Would be also interesting to know what you earned there (which position and work hrs). Currently in my gap year. Thinking about to study informatics/math or economy (in germany prob.). Any tipps for career? Ty and have a nice day :D
@finnwheatley2194
@finnwheatley2194 2 жыл бұрын
@@r3v0a98 I did risk and equity research mainly. I was was paid about in line with or maybe just above an IB analyst/assoc. You have to network your way into HF. Maths and/or CS is a good start
@r3v0a98
@r3v0a98 2 жыл бұрын
@@finnwheatley2194 how do I start networking from zero? I only know a good friend of my father who ist a MD (DMC, commercial Banking) but that’s it. Is it even worth to get into HF? As a researcher, trader or dev? What position can you reach there? I know that the WLB at like JS is pretty amazing or would you say a tech career is much better? Sorry for all these questions but it’s pretty rare to get in contact with someone who has first hand information
@dac8939
@dac8939 2 жыл бұрын
You forgot quant roles. But usually these are masters and phd level with ecperience
@ChiChi-sw5iu
@ChiChi-sw5iu 2 жыл бұрын
Your contents are quality. I’m from your original channel. Following you again here ✨
@THEBIGBULL-k4o
@THEBIGBULL-k4o Жыл бұрын
I am an under graduate student from India and will pass CFA level two and FRM both level papers till graduation. I am pursuing bachelors degree in account. And along with this I also do an internship as an equity dealer with one of the Top brokers in India. After I graduate, I dream of my future and my career in Wall Street in New York, is this dream possible, that I can then take a job in a very big company like Morgan Stanley, JP MORGAN, Goldman Sachs or another big and medium Financial Corporation. Please reply I need help a lot. And I am going to have a dream that there is a boy who dreams of doing something big in the future. Please reply.
@ahdzahraoui5374
@ahdzahraoui5374 Жыл бұрын
Awesome info. I love this!
@stefanzivkovicantic6977
@stefanzivkovicantic6977 4 ай бұрын
I am suprised to see Accounting but especially Tax and Audit in the 9th rank, with difficulty 1.5. Tax laws and accounting standards can be highly complex which makes it even harder for the auditor. I would rate it at least 3.5, tax and audit even maybe 4 difficulty-wise, provided that you work for a company + 1000 employees and you report in compliance with IFRS/US Gaap
@loretagurakuqi6950
@loretagurakuqi6950 2 жыл бұрын
Awesome! your potential seems limitless. I'm fascinated with investing but being a single mother and juggling all these things are quite difficult. How best can I start and what sector to engage in?
@loretagurakuqi6950
@loretagurakuqi6950 2 жыл бұрын
@Bryan wow! do you think you can give me some advice on how to invest in a healthy way as you are doing? please
@loretagurakuqi6950
@loretagurakuqi6950 2 жыл бұрын
@Bryan Thanks for sharing, just looked up on google and I'm super impressed with her credentials. I dropped a massage on her webpage and hope she replies soon
@Benjaminmac
@Benjaminmac 2 жыл бұрын
Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
@patsnew8422
@patsnew8422 2 жыл бұрын
Am not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turns out to be lucrative for me and Personally I have multiple streams so I just enable the use of an investment advisor to navigate and secure the returns.
@christopher8633
@christopher8633 2 жыл бұрын
Woah, Though this is the first time i would be reading comments about my financial advisor Ms. Melisa on KZbin comments and it is quite a memorable insight
@markvillarosa3476
@markvillarosa3476 Жыл бұрын
Do you have a deep dive on asset management? Also can you get in right out of college?
@Agent77X
@Agent77X 4 ай бұрын
Number one job in finance is Chairman of the board and Chief Executive Officer! No qualifications needed either for companies like Blackrock, Goldman Sachs, Blackstone, Citadel!😊
@Sam-be4yy
@Sam-be4yy 2 жыл бұрын
Wow, awesome video! I think it would’ve been nice to add another category discussing the work-life balance
@nemonymous89
@nemonymous89 2 жыл бұрын
Spoiler: non-existent.
@rareliquidcareers
@rareliquidcareers 2 жыл бұрын
i thought about this but then it would make the lower-ranked jobs ranked higher even when they're not "better" jobs. generally the lower ranked jobs have better work/life balance than the ones towards the top haha
@Sam-be4yy
@Sam-be4yy 2 жыл бұрын
@@rareliquidcareers I understand. Thanks!
@Deirz0128
@Deirz0128 Жыл бұрын
@@rareliquidcareersyes the ones at the top are just slaves that work all the time for money😂
@zakiii3913
@zakiii3913 2 жыл бұрын
Would you be able to do this but for different hedge funds strategies. Which is hardest to break into, has the highest typical compensation etc.
@dynamics9000
@dynamics9000 2 жыл бұрын
If you are still thinking how to start your business or start making passive income streams, give yourself 6 months and start working on a high income skill, learn it and start with even a little money.... a fellow creator
@KevtechITSupport
@KevtechITSupport 2 жыл бұрын
Working finance in tech pays pretty good. Depending on the job. You might see a lot of red tape.
@veronicaatkins4417
@veronicaatkins4417 Жыл бұрын
Great information thank you for sharing☺️
@susymay7831
@susymay7831 2 жыл бұрын
A job at Renaissance Technologies guarantees you become wealthy while doing interesting things.
@kheshirekat9623
@kheshirekat9623 Жыл бұрын
What’s the difference between a private wealth management and a financial advisor?
@hybridce99
@hybridce99 2 жыл бұрын
So, risk and compliance don't make the list. Not surprising. Though it's interesting to me that for every opening I see in investigations, there are literally hundreds of applicants and those openings are usually backfills.
@srujan00
@srujan00 3 ай бұрын
Very helpful. Great stuff.
@DiegoLearns
@DiegoLearns 2 жыл бұрын
As someone who’s in the app process for my MBA I found this very helpful. Thank you!
@leonmozambique533
@leonmozambique533 2 жыл бұрын
what about quant/prop trading/HFT like Jane street, Hudson River trading, citadel, DE Shaw, Two Sigma, etc. NOT A QUANT AT A BANK.
@digvijayyadav3935
@digvijayyadav3935 2 ай бұрын
It is included in hedge fund He said "algorithmic trading" so that cover hfts
@johnpinheiro6211
@johnpinheiro6211 2 жыл бұрын
Man. , I m confusões,wheren t you at wharton? From Portugal, keep it up 🇵🇹🇵🇹🇵🇹
@Xx_Ultimate_Noscoper_xX
@Xx_Ultimate_Noscoper_xX 8 ай бұрын
The difficulty should be a con not a pro. Why would a job better if it's harder to get into? Being difficult to get into is already somewhat reflected in the reputation. You did say it's subjective, so fair enough.
@ekkoeko187
@ekkoeko187 Жыл бұрын
I think I belong to the era when money was not invented.
@MGPablo
@MGPablo 2 жыл бұрын
No one notice the error for VC, #4 not #3 lol, great video though, loved it Ben!
@deerfield007
@deerfield007 2 жыл бұрын
Plz fix thx
@justmeajah
@justmeajah 6 ай бұрын
​@@deerfield007 lol
@barryaherne215
@barryaherne215 2 жыл бұрын
Ah Ben, my memory is a little hazy on this, but I vaguely remember you saying that when you applied to do your MBA, your were aiming to be recruited for one of the top three (and if I'm correct, no longer IB), but then rareliquid starting doing really well and it shifted your goals in your degree. Which one would you have gone into if rareliquid hadn't taken off? I think I've heard you in passing discussing Private Equity and Hedge Funds, but Venture Capital seemed more in line with your skill set (from the very little I know haha)
@snaprebound3803
@snaprebound3803 2 жыл бұрын
I've been watching rareliquid videos for so long and I've been meaning to ask where that framed dollar bill poster on the wall is from?
@nicolasvasquez01
@nicolasvasquez01 2 жыл бұрын
It would be great to have a video where you rank the Investment Banks or PE from lower to higher compensation in your first year. Some numbers seem unbelievable for a first year analyst.
@jadakdime8563
@jadakdime8563 3 ай бұрын
It’s funny but in an entry level position in an american investment bank such as Goldman Sachs, S&T has a way better compensation than investment banking. Also, big bosses in S&T are paid way higher than in m&a in these industry (except for Lazard and Rothshild). And S&T is one of the best career to move in hedge funds afterwards. And in terms of work/life balance, in S&T you finish earlier and you have your weekend. But finally all these rankings are based on nothing, because it depends a lot on the company’culture. If the CEO is from investment banking, this field would pay off more, same if he’s from S&T
@SidKzr
@SidKzr Жыл бұрын
Great insight !!
@nickcoats5227
@nickcoats5227 2 жыл бұрын
Wanting to get into private wealth management but hard to find an internship! Going into my junior year so I rly need to land some internship in that area for next summer. Definitely going to be putting in the work to get one!
@sosharples
@sosharples 2 жыл бұрын
Incoming freshmen here, I’ve talked to a lot of seniors and very reputable people in the finance industry (very high net worths) they all say J.P. Morgan is a great place to start in wealth management.
@beautifulandbeyond7130
@beautifulandbeyond7130 Жыл бұрын
@nick coats I landed my intern by networking on linked in and lots of research on google, a lot of companies are starting the internship process now for the summer of 2023 , good luck 👍🏾
@yeeee9695
@yeeee9695 2 жыл бұрын
How would you rank prop firms? Some of them are rly selective and prestigious. They may be at par with HF imo
@paigehuston2060
@paigehuston2060 Жыл бұрын
For years I struggled with outstanding debts, bills and my children's school fees. I am a banker earning $2,500. However, however I am starting to travel towards the end of summer. I was at a point where I wanted to give up. I came across every KZbin channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..
@stephaniejose5565
@stephaniejose5565 Жыл бұрын
How possible please?
@paigehuston2060
@paigehuston2060 Жыл бұрын
@@stephaniejose5565 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing.
@paigehuston2060
@paigehuston2060 Жыл бұрын
@@stephaniejose5565
@stephaniejose5565
@stephaniejose5565 Жыл бұрын
@@paigehuston2060 Thanks. Please how can I communicate with her?
@paigehuston2060
@paigehuston2060 Жыл бұрын
@@stephaniejose5565 thankfully she is easy to find. Look her up with her name mentioned above just like I did..
@raghavsinghal5260
@raghavsinghal5260 2 жыл бұрын
thxs thxs Lucky to find the channel
@aguiscard2452
@aguiscard2452 2 жыл бұрын
putting trading in the same level as sales and ER is just stupid imo The ranking of difficulty and comp is usually ER/Sales => IBD => Trading. A mediocre trader gets paid similar to a mediocre IBD (i.e. DCM) and a top trader gets paid more than a top IBD.
@williambardsley7540
@williambardsley7540 2 жыл бұрын
Only a millennial thinks VC has a better reputation than sales and trading and IB. If you work at M&A team or on a trading floor at a major IB then you definitely have a better reputation than VC most people have never heard of a major VC firm if they are over the age of 25. Conversely most people have heard of Goldmans, Barcalys, Credit Suisse, Nomura etc.
@rareliquidcareers
@rareliquidcareers 2 жыл бұрын
this is reputation within the finance world. ppl leave ib to go into vc not the other way around. but i do agree they’re comparable. for sales and trading that’s a dying industry i wouldn’t say it’s not a reputable industry but meaningfully easier to break into than vc or ib. also agree m&a groups are very reputable but that’s just one group amongst many. at the end of the day everyone’s opinions are different and the video was just my own opinion. good to hear other peoples opinions like yours as well
@mykytaradko5776
@mykytaradko5776 2 жыл бұрын
What about working for Payment Transactions companies like Visa, MasterCard, PayPal? Working in Enterprise Risk Management which covers Financial Risks as well?
@zBMatt
@zBMatt Жыл бұрын
PWM is like an investment. If you grow your business well you’ll be making the same as every other role you listed but you’ll only work 40-45 hour weeks. It’s very much an entrepreneurial field.
@christianramos41
@christianramos41 2 жыл бұрын
8:21 Mergers and Inquisitions
@Kkkk-cj1in
@Kkkk-cj1in 2 жыл бұрын
Hi Ben! Nice video 👍 I’m now in my sophomore year, and really hesitate to go for Management Consulting or Investment Banking. I’m not that into IBD in that the job is relatively repetitive; however in my long term goal I do want to break into VC or growth equity. So it seems that IBD will be a better option than MC? Are there any suggestions that you could provide? Appreciate it!
@hars771
@hars771 2 жыл бұрын
Same question
@PassThroughRevenue
@PassThroughRevenue 2 жыл бұрын
Look into sourcing roles for Growth Equity - lots hire from undergrad
@Kkkk-cj1in
@Kkkk-cj1in 2 жыл бұрын
@@PassThroughRevenue Appreciate for your insights but I’m in Taiwan and it’s hard to break into Growth Equity in Hong Kong or Shanghai straight out of Uni let alone US or Europe.
@highshelf
@highshelf Жыл бұрын
Why does an option having a higher difficulty give it a higher score? higher difficulty does have a benefit in making the job look better but that's offset by the reputation score.
@jamesronald1888
@jamesronald1888 2 жыл бұрын
I came here to learn how to invest and trade after listening to a woman on radio talks about the importance of investing and how she made $960,000 in 4 months from $2600k she invested. What actually the idea behind this crypto and bitcoin (fx) investment, I have been listening and been watching some videos and I was thinking about investing in cryptocurrency, but still don't know where to start from any recommendation?
@jodelynnemendoza2496
@jodelynnemendoza2496 2 жыл бұрын
I have made quite a stride investing on my own but i am aware of the benefits of consulting with a professional but haven't found one yet....
@philipthomas1016
@philipthomas1016 2 жыл бұрын
Most time have knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that crypto and forex trading is one of the profitable money exchange services that elevates investors and their financial status.
@richardwilson1211
@richardwilson1211 2 жыл бұрын
Crypto investment (fx) can be profitable and lucrative when it is approached as a business, but achieving a level of success is extremely difficult and can take a long time. It's a good idea to find an expert of this form of investment prior to getting started with. As you can see, the market is open and operate 24 hours a day and almost seven days a week...
@ateeaaljubory5765
@ateeaaljubory5765 2 жыл бұрын
As a newbie you trade under the guidance of an expert so as to reduce chance of loss till you get a working strategy for yourself
@ateeaaljubory5765
@ateeaaljubory5765 2 жыл бұрын
As a newbie you trade under the guidance of an expert so as to reduce chance of loss till you get a working strategy for yourself...
@chan90s
@chan90s 2 жыл бұрын
How long does it take for an engineer to learn these finance material, not for IB roles but to get better at equity research
@smoothconsulting
@smoothconsulting 2 жыл бұрын
Thanks!
@matthu3062
@matthu3062 Жыл бұрын
The most ads-intensive video ever watched
@grrggrrg4805
@grrggrrg4805 Ай бұрын
Is there a point to a tally scoring system with these criteria when there isn't a single category where one job is ranked ahead of the job ahead of it? Doesn't make for super interesting analysis if you think the jobs just get gradually better in every metric. Also, why is difficulty scored similarly to Reputation or Compensation? Surely it's a negative that should subtract from the overall attractiveness of the job, right?
@remomuharemi5681
@remomuharemi5681 2 жыл бұрын
Curious where you would place Management Consulting in all of these?
@gkollias14
@gkollias14 2 жыл бұрын
All those rich Americans 40-60k being pretty low…. Maybe they should go outside silicone valley and nyc to understand what really low means
@aperkins07
@aperkins07 2 жыл бұрын
Lol 40-60k is not silicon valley or NYC incomes. That's like US average. You should be seeing more like 80k or maybe 60-100k for those two cities
@gkollias14
@gkollias14 2 жыл бұрын
@@aperkins07 my point ?
@nisss_e6593
@nisss_e6593 2 жыл бұрын
Can you apply the course material on investment banking outside the US, lets say for banking in London?
@storyride9439
@storyride9439 2 жыл бұрын
As always, you did a fantastic job explaining the top 10 jobs in the Finance career. I just had a question; I am going to high school and interested in learning about finance; I was just wondering if there are any things/prerequisites that I have to do/take to better my chances of getting into a reputable university that offers business-related undergrad courses. Thanks!
@matirijo
@matirijo 2 жыл бұрын
Enjoy high school while doing your best, whether or not you get into a university or not won’t determine your future. High school is a great time to learn and have fun. Enjoy it
@storyride4833
@storyride4833 2 жыл бұрын
@@matirijo Thank you so much for the advice, I appreciate it!
@tigerxiao8412
@tigerxiao8412 2 жыл бұрын
It would be good to get involved in business related EC’s. Many schools don’t offer business electives and colleges won’t penalize you for not taking a course that doesn’t exist. If your school have finance/accounting electives, make sure to take it! For me, I started an investment club teaching students financial literacy and also founded a business. Hope that helps:)
@kieran9201
@kieran9201 2 жыл бұрын
Are you 11 or American and like 15 or something
@storyride9439
@storyride9439 2 жыл бұрын
​@@tigerxiao8412 Hey there, I hope this finds you well! I appreciate you taking the time to give me beneficial advice regarding Business electives and your experience. It's great that you were able to start your own business from your accumulated experiences! Professional individuals like yourself told me that universities want an all-rounder, so I am thinking of taking 2 or 3 essential matters and trying my best at them. For instance, I am considering starting a business club in High school. Then, depending on how it proceeds, I can use my freshman year knowledge and experience to begin on an Informative YT channel or write a blog about how doing research helped me find better ways to proceed with my career. Of course, this is a hypothetical idea, but I hope it works out! I am not sure if you will read this but thank you for your help; it's greatly appreciated!
@accountsequity5587
@accountsequity5587 2 жыл бұрын
Hedge funds come in many forms. Would love a video on that!
@stevem437
@stevem437 8 ай бұрын
I don’t understand why a career gets more stars if it is more difficult to get into?
@owenzhang-vb7xh
@owenzhang-vb7xh 8 ай бұрын
Would you place corporate banking within an investment bank a 6.5/7? I’m not sure the exact differences, but at the very least the clients are larger and the deals/loans are bigger than that of commercial banking (as it is usually used).
@MoezPS3
@MoezPS3 2 жыл бұрын
You should’ve included actuarial and quant roles, but great video nonetheless
@22atmani
@22atmani 2 жыл бұрын
Well those roles you mentioned specifically apply to math majors. When do you get a quant role with a basic finance degree out of college lol. You’d need to major in math/stats for that + ideally a BBA in addition to that BS for math
@patel-h2u
@patel-h2u 2 жыл бұрын
We want a video overview of hedge fund
@user-hb2ti7qh3y
@user-hb2ti7qh3y 2 жыл бұрын
Looking for this!
@fabriziogonzales9719
@fabriziogonzales9719 Жыл бұрын
Don’t hedge funds perform worse than index funds?
@Cat99
@Cat99 2 жыл бұрын
How about quantitative research at JP Morgan? You didn't mention that.
@8dmagic26
@8dmagic26 9 ай бұрын
Thank you sir to upload this vedio
@FA9082
@FA9082 6 ай бұрын
Don't go into VC if you want to get rich the average VC fund barely does better than the S&P 500
@calvind613
@calvind613 2 жыл бұрын
What about corporate banking?
@ivanhurling6380
@ivanhurling6380 2 жыл бұрын
Great viedo! I am finishing college (21 year old), and have been working for 3 months in a big four comany, performing due diligence on M&A processes. I recently got an offer to work in equity research. Taking into account that my goal is to work in investment banking, would you recommend me to take it or to stay at my current job? Greetings from Argentina!
@luisespinosa2468
@luisespinosa2468 8 ай бұрын
If you don’t mind me asking, why did you leave JP Morgan Chase?
@premsaimadani7599
@premsaimadani7599 2 жыл бұрын
And also share about data science in finance Domin and best companies to work
@afrankdapimp12
@afrankdapimp12 2 жыл бұрын
Long Onlys are not hedge funds and long/short funds are fundamental in their research process.
@jeremyhorne7130
@jeremyhorne7130 Жыл бұрын
how did you get a job at meryl lynch after your freshmen year
@tempesttlafontaine9130
@tempesttlafontaine9130 Жыл бұрын
Would you recommend a recent finance grad go into investment banking? Is there anything else required besides a Bachelors?
@snipinmonsta
@snipinmonsta Жыл бұрын
Hey just wanted to let you know you put IB and VC both as #4
@kevintang4340
@kevintang4340 2 жыл бұрын
How would you rank a fundraising role like placement agents
@jinnam6822
@jinnam6822 Жыл бұрын
thank you
@genocidedeath007
@genocidedeath007 7 ай бұрын
Quant eats each of these except hedge funds cos they're often Quants
@AntarikshRajkonwar
@AntarikshRajkonwar 17 күн бұрын
Quite knowledgeable. I wonder what the scenario is, here in India? (5/11/24 12:25pm)
@polinochka_oops
@polinochka_oops 2 жыл бұрын
Great video, very insightful. Keep on creating, Ben👍🏻
@mahmodulmozumder3194
@mahmodulmozumder3194 7 күн бұрын
Are you talking about USA only when you say the income ?
@rahularora2716
@rahularora2716 2 жыл бұрын
where does a portfolio manager ranks in for example in multi asset fund at a shop like Allianz?
@nemonymous89
@nemonymous89 2 жыл бұрын
Great content. Where would you rank MBB, biglaw, and/or MANGA+ in this list?
@rareliquidcareers
@rareliquidcareers 2 жыл бұрын
great idea! will see if i can make a video about this
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