non-Investment Banking Finance Job with HIGH PAY & GREAT WORK LIFE BALANCE?

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[@sarahli6425]

completely agree, companies are not stupid, obviously they won't pay you 6 figures a year just for you to work minimal hours a week, and that pretty much applies to every field, which is why doctors and bankers get pay so much because they are literally always working

[@juniordude8341]

wow!! your stunning

[@TheBryanJun]

exactly!

[@compilationgems2237]

@@juniordude8341 WTF SO RANDOM LMAO

[@nycto16]

Exactly this is what i think! Doctors and Bankers are the most highest paid professionals and also they are the most busy people at the same time.

[@Xez1919]

There are some spots if you know how to find them with 2-3x average pay and 45h weeks.

[@sidexplores9001]

Answer is Corporate Banking - surprised how less people know about this front office role. Work is between 35-60hr per week. The pay is not as much as IB, but still high (same base at some places). The work involves dealing with clients anywhere from mid-market to the largest corporates and deals with day to day financing. This is not only debt financing, but also includes trade financing, streamlining the company's liquidity and also FX forwards, swaps etc. Deals can vary from being fairly vanilla to some highly structured deals. But overall the aim is to manage client relationships across the bank and so the role includes also cross selling IB, PB, Markets etc. solutions too.

[@TheBryanJun]

Sounds like a hidden treasure

[@quiksilver4302]

I do this.. I feel like I found the perfect medium of work/life balance, interesting work, and decent pay

[@daveo1081]

Would IB experience help get your foot into the door for corporate banking?

[@leonidassparte8101]

Hello guys, I’m sorry but i don’t understand what is Corporate Banking … Could you give me an exemple ? Thank you !!

[@theterminator6121]

@@quiksilver4302 could you tell me about your salary

[@BossBabyLegitness]

Working on the investment team at a wealth management company, I can say that the work life balance is great, and the work is still fairly interesting. We talk to PMs of private equity, hedge funds and mutual funds that want our money all the time and have to decide which strategies we think are best. Starting pay in mid 60s to 70s, but once you pass level 2 of the CFA you can get paid a lot more. From what I gather after 5 or so years you can be in the mid 100ks.

[@kb1drums]

I’m thinking about going the CFP route, my school has a minor that prepares you for the exam and includes the capstone. Do you think it’s worth it, or would it be better to do a double major? I would double major in Finance and Econ, or chose one major and do the minor.

[@BossBabyLegitness]

Really depends on what you want to do, if you want to work directly with high net worth clients and do a lot of estate/financial planning, then I would recommend the CFP. If you want to work in researching investments, then the CFP won’t help you. In that case I the double major would be great, taking level 1 of the CFA plus a finance major might be better (that was what I did and how I got my job)

[@thumpertorque_]

@@BossBabyLegitness Do you need a degree from a target school for this position as it's the case with investment banking?

[@culifabrizio1479]

Lol you are a blind, you would never beat the market rate dont go with hedge fund. Im an economist and we know private equity is the only fund which is ethical and some dont even sell their companies in years…

[@locarix503]

That just sounds depressing

[@edraymonds7641]

There are no perfect jobs available, and I appreciate your honest description of this. If your job is something you are enthusiastic about, it will suit you; otherwise, you will perform a standard 9-5 job like everyone else. If you understand what I mean, I believe that the business sector gives many of its majors a financial advantage because you learn a lot about the idea of money and how to increase wealth.

[@kimhauge1792]

Undoubtedly, majoring in business has its benefits. The majority of business majors I know don't work for others for very long and always have successful side businesses.

[@archiemoore3515]

It’s a tough job handling money, my thoughts 💭

[@stacyandrews5468]

I work as a treasurer, it’s not very exciting but pays the bills.

[@brianrosetti4684]

True, particularly if you are familiar with the financial industry. One of my best investments was investing in growth and highly valued stocks; it accelerated my retirement process by ensuring my financial stability even during these challenging times of inflation.

[@cameronwilson4587]

@@brianrosetti4684 ​ I've always had a keen interest in the market, but I'm not sure how to approach it. Currently am studying to be a corporate finance major at the Queen Mary University of London…

[@joewang7882]

Love that “Become a software engineer”

[@TheBryanJun]

HAHA

[@joelstatosky1817]

Hits me with the answer the first second of the video damn. The bluntness is absolutely hilarious

[@TheBryanJun]

HAHA it's my thesis for the channel! Straightforward

[@wcsdiaries]

@@TheBryanJun What advice would you give for a recent college grad trying to find jobs like this? Seems all the linked in jobs are 45k accounting jobs basically

[@CommoditiesTrader]

Not true though. There's 4 fee-only RIAs in my city of about 250k people managing about $4b of HNW family money. Each of the nine partners (total) pull 7 figures a year. Don't smirk like I did when Edward Jones come recruiting for financial advisors.

[@bartoszdobroslaw9774]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@demondeacon12]

Really helpful video man. I work at a call center at a big BD and am looking at getting out. I am looking for a role where I can use excel skills and work on projects, without being micromanaged. Im looking into middle office roles currently. Searching for guidance and this video really helped. Thanks!

[@tommyed03]

In Corporate finance you make money based on what you bring! You can get 6 figure if you are bringing in that value to company without having to work 1000 hrs. It’s not hard to go from 70k to over six figures if you bring a unique skill set that others don’t have. Like in banking they get paid a lot because they bring a unique skill. I do agree Investment banking is more fun.

[@TheBryanJun]

agreed

[@aymenbenhacene6819]

What kind of skills you're referring to?

[@Joseph-zw3sb]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[@Thomas-mh6ib]

Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.

[@Sarah-ui3vd]

True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.

[@MileyHumphrey-ql4jp]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Sarah-ui3vd]

“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@MileyHumphrey-ql4jp]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@footlongchen]

Great video Bryan, Keep it up!

[@TheBryanJun]

thanks so much!

[@finnwheatley2194]

At entry level, private banking and investment management are/were a partial answer - pay isn't quite as high as IB but hours can be significantly shorter (this is in London)...

[@TheBryanJun]

Great insights - I actually know nothing about private banking / investment management

[@leonidassparte8101]

Why do you mention « at entry level » ?

[@finnwheatley2194]

@@leonidassparte8101 it is unlikely your pay as a senior or mid level pvte banker or wealth manager will match a similar level I-banker

[@leonidassparte8101]

@@finnwheatley2194 ah okay ! For 2 years I've been looking at working in IB but I'm currently considering a more balanced life and Private Banking rise my interest. Do you now the average week hours in the sector ? does it change with seniority ? thank you ! From a French student

[@finnwheatley2194]

@@leonidassparte8101 Honestly I'm not sure, but I don't think they usually work 80 hour weeks in private banks. Maybe more 50-60 hours?

[@everythingebitda]

just saw the banner in the back, washington and lee is a target school for finance, specially IB. i have a good friend who graduated from W&L and he went straight into IB and is doing well and getting paid well too. so you should all listen to this dude, what he is saying is very true and he probably has some good personal experience in what he is speaking to.

[@blazekaizer9000]

The fact that banking and similar jobs make so much is BECAUSE of the long work hours. Think about it, more hours, more money being earned. Some other finance jobs get paid similar money, but they aren't working 70+ hours

[@TheBryanJun]

correct!

[@cortesdagringa-legendaspol6703]

Yeah!!. Many hedge-fund, or pension funds. Many of them have pretty much "ok" working times. Especially funds that use the "classic value-investing" philosophies, where they hand-pick stocks, and actually trade

[@TheBryanJun]

great recs

[@lorenzomantilla5250]

I think the private sector; venture capital, brokerage firms, private equity and hedge funds etc......is a lot more money than being an investment banking analyst with much less hours, however a lot of stress and you don’t necessarily need to have a finance background.

[@TheBryanJun]

true but does require the banking background a lot of the times

[@marcelo1458]

It's not much less hours than an IB analyst. You still execute a similar amount of hours, the difference is that you're not stuck in the office for all those hours. Hedge funds might be the only exception, also the most unlikely role to land.

[@lmet6174]

@@TheBryanJun a lot of people going into buy side after undergrad (recruiting rn for 2023 SA) it’s crazy

[@EzeAsuoha]

@@lmet6174 what is buyside? And SA

[@shamarg6]

@@TheBryanJun Those Goldman Vps that made 800k were all Sales and trading dudes.

[@flaxiodiax]

So far the best video I've watched as a person new to business industry. I'll take your advise stated in your one sentence summary of the day lol

[@TheBryanJun]

Appreciate it srr

[@Boristien405]

Bank Examiner fits this well. It's regular hours and balanced but just doesn't pay crazy. Absolute minimum starts at $60,000 a year though, which is still solid.

[@cgrondin77]

Commercial/Corporate Banking is an answer. Not super competitive, less interesting than IB and less pay but still can be quite above average for the finance industry. Basically selling and approving loans and other bank products for large companies

[@TheBryanJun]

Yeah this is a field I really need to learn more about

[@xsenseimyagi]

Analyst makes around 60-75k salary + bonus. Associates can range anywhere from 65-80k + commissions. VPs can range anywhere between 80-120k + commission. This is within commercial/corporate banking.

[@rbd5868]

Absolutely agree, also controlling falls into this category

[@leonidassparte8101]

@@joejoeb2000 congratulations ! Si you’re a crédit analyst in a major bank is it ? Thank you

[@joejoeb2000]

@@leonidassparte8101 I’m in FP&A now actually! Just started a new job

[@RealWilliamWalsh]

could u make a video about what you’d take in to the office when you were in IB would be interesting to see

[@TheBryanJun]

like physically? I brought my laptop and a water bottle, my cubicle usually had everything

[@jeeeeeeeee2977]

Pretty happy with LMM PE tbh. I managed to negotiate a pretty sweet deal. I'm going to move into megafund in a year for half a decade or so and then probably move back to MM/LMM

[@max3190]

I'm sorry but what exactly is LMM?

[@hanjieli1903]

@@max3190 lower middle market

[@max3190]

@@hanjieli1903 oh ok, thanks!

[@TheBryanJun]

yeah I've always heard good things about LMM

[@Yuddder]

What are some examples of LMM/MM firms if you have time. Much appreciated.

[@Hvspecter1]

Personally, sweet spot from my experience has been commercial banker. You are dealing with clients below middle market, but higher than small business. Total comp 170-200k while working under 40 hours.

[@fxdewyd]

How many years of work experience did you have at the time of this comment if you don't mind me asking?

[@georgep676]

hey bryan, love the content. can you share any insight on what it would be like breaking into private equity out of college, perhaps without an IB background??

[@TheBryanJun]

I don't know anyone personally that has done it especially because many shops still require that 2 year IB. background but I've heard it's begun to gain some traction

[@_tacotempura]

I think those who go into PE straight out of undergrad generally have experience as PE summer analysts - i'm doing fp&a at a mm pe shop now and it looks like a lot of our new analysts are returning summers not sure what the recruiting process is like for summers tho

[@TLiu-1b]

@@_tacotempura do they have IB summers before PE?

[@FinNewsInsider]

Learn this please…..you are paid not for what you do now but for what you’ve done that enables to do now better. I spent 5 years condensing 12 hours of work into 2 and I get paid on that. Contribute to your teams, make your bosses lives easier and be your best. Stay great everyone!

[@DoubleAA24]

This is what I’ve learned as well. I am a financial analyst in corporate finance and the ones that stand out are the people who have automation skills, it’s hard to learn those skills and implement them but I’ve seen the payoff with others. I struggle to replicate that, but hopefully I’ll figure it out

[@srujan00]

no, you're paid based on what you can bring in return to the company. Meaning, you need to provide 10x your salary in value/revenue to the company - probably more.

[@zBMatt]

Going by your standards, sales and trading (specifically trading) does actually pay the same or better with an obviously better work life balance. If you put in the work in trading you’ll be rewarded hefty bonuses.

[@TheBryanJun]

Agreed especially with the day actually ending at a specific time - the only concern is being pigeonholed in a very specific skillset

[@zBMatt]

@@TheBryanJun this is true.

[@KuhEssen]

Nice video!

[@eastmidwest11700]

REPE, LMM PE, FoF/family offices/endowments and foundations, early stage VC

[@sabrinapizarro844]

Hi Bryan, soon I'll be graduating from college with a finance degree and am struggling with knowing exactly which entry level job to start off in. It was interesting to hear someone from experience say what most people do to be able to progress in their career. Thank you!

[@prime9048]

Which degree

[@c.f.okonta8815]

What did you end up doing

[@chrisllewellyn2291]

What do you currently do for work? Just KZbin? Still in banking?

[@infidelcastro3515]

Outside Sales as a Loan Officer is as close as you can get to having balance but you have to be financially stable before making the jump. You might take off and make money out of the gate or you might not make any money for 6-8 months.

[@TheBryanJun]

Great rec that I never knew about

[@DaBeastEPS]

Foud through experience that REPE and IM has good pay with better work life balance. Not as high as banking, but its nothing to scoff at.

[@seb6226]

Bryan could you talk about fed gov jobs? The pay is quite less but the benefits seem to be great but idk which trade off is better? Perhaps state as well? Still the hiring process intakes forget. I applied 3 months ago and finally heard gain

[@TheBryanJun]

I only have two friends who have fed gov jobs - I think benefits may be to your point the benefits themselves as well as some level of "actually benefitting society"; it also seems like it's mostly for academics

[@rjw19]

If you were offered a job at a hedge fund and could “skip” the big bank analyst role, would you do it? Worried a smaller fund might not carry the same weight for exit opportunities.

[@dop3hasib]

Smaller firm won’t help with exit.. but may help long term IMO

[@TheBryanJun]

If you were interested in joining a HF my answer would be why not

[@useryeahgoodbye]

How about middle market banking? i love it so much it’s the perfect in between

[@lelainerduh]

I don’t know sometimes when you have a great job but they’re not promoting you and you can barely make enough to live then the best thing to do is look for another job. I love working at DOE remotely but it is barely paying the bills and I am thinking about taking a new route and going into finances at a bank. It sounds absolutely terrifying from the reviews but I rather suffer for $22 an hour or more with 40 hours a week vs a extremely low paying job but less work 😭

[@selma-5449]

Thank you so much

[@oliverschmidt4487]

Hey would be great if you answer my questions: How many Hours does an Investment Analyst work on avarage? I would like to go in this direction, and Hope it is not that workloading like IB and is it realistic to get such a Job without IB background?

[@15v1c1]

sales and trading around 10 11 hours. it's just as hard to get in as IBD

[@mark8307]

It depends what you mean by investment analyst. "Investment Analyst" can encompass roles from Equity Research (sell-side) to Portfolio Manager (buy-side).

[@bishopwashington7964]

Agreed - though management consulting and YC pay about the same as IB.

[@petecompiano9408]

Is deal advisory a hot exit opportunity? Maybe deal advisory at a big 4

[@THEMRblackboy7thst]

You forgot quantitative analysis. You make way more than in IB and the hours are much better. It's also much harder.

[@TheBryanJun]

True!

[@slymanmustafa134]

Only in top quantitative prop trading shops like jane street , were you need to be a math god and the position are rare. Quant in banks makes 50% less than investment banker

[@THEMRblackboy7thst]

@@slymanmustafa134 Watch entry level positions in twosigma or citadel. Even as a financial data scientist you make more.

[@raykeatteoh9739]

at the senior levels of certain investment management roles (rather than hardcore IB), you can actually earn q a lot while having decent WLB. but ofc at entry level theres no finance job that pays super well while having good wlb

[@user-zw7cd7pe4u]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

[@user-vk8vu4li2x]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@user-zw7cd7pe4u]

@@user-vk8vu4li2x Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

[@user-vk8vu4li2x]

@@user-zw7cd7pe4u Who’s the person guiding you

[@user-zw7cd7pe4u]

@@user-vk8vu4li2x credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up

[@user-vk8vu4li2x]

@@user-zw7cd7pe4u Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@indulekhac6101]

Does the role of Treasury Analyst have something like busy season? Is there good work life balance in Treasury?

[@Thatscrazyyourecrazy]

Financial consultants, wealth management, honestly anything within financial services, financial analyst, sales, trading, consulting, compliance and anything ops.

[@TheBryanJun]

So many options forsure

[@moogoogaipan3089]

Ops is an L back office

[@Thatscrazyyourecrazy]

@@moogoogaipan3089 you’re not wrong. It’s not my cup of tea but maybe someone likes it as a steeping stone or just bc

[@carlfromjimmyneutron648]

@@Thatscrazyyourecrazy I work for BONY operations and I absolutely dread it, I’m thinking of going for my CFA and going toward Investment banking. Some thing that’s front office. Operations is miserable.

[@AhmadAlAjeel]

Im a treasurer. Corporate treasury is a good finance job right? How do you compare that to IB or PE and VC? As a treasurer, my hours are ok and salary is fine, i dont really care much for salary since i have personal private investments i manage and other sources of income other than my salary so i never seen salary as a priority or a factor, i perfer experience and knowledge and growth over salary. I am an exbanker and worked treasury dealer in a bank then left banking to corporate treasury at a company, i dont work in banking anymore but i do still work with bankers and corporate finance in banks and have ran into collegues i worked with in banking lol

[@jingxuanyap8939]

omg i guessed the opening! i knew you were gonna say that no such thing exists, i was right! HAHAHAHA

[@salvatorevuicebot6658]

Private Equity (you don't always need IB experience, but it helps) and Gambling! (but you have to be good at it)

[@TheBryanJun]

LOL

[@chiaohsiangchen8426]

Would it be difficult to transfer from a FP&A role in a bank to other industries? As the financials for a bank are very from other companies.

[@zoeygreene8156]

I disagree with your first notion that "you get paid if you do a lot of work or do very niche work". The truth is that your pay is typically tied to the monetary value you add to the company. Banking isn't hard, the reason why they get paid so much is because of the fees they make. Same with BigLaw

[@TheBryanJun]

also true but the payoff is the hours you put in!

[@joejoeb2000]

FP&A pays extremely well after you get a couple years experience. Also great work life balance. Highly recommend for anyone that isn’t going into IB

[@shujahussain2491]

Hey joe , What is FP&A ?

[@cleancherry]

What about investment management / portfolio management?

[@TheBryanJun]

I just don't know much about it personally but finance as a whole pays well

[@nzed4891]

Love your straightforward honesty. You got a new follower!

[@TheBryanJun]

always!

[@VoteLaborOut]

Great video

[@TheBryanJun]

Glad you enjoyed it

[@rmmm329]

I work in FP&A and it has good pay ~$175K/yr and if you’re good at managing the data work life balance can be awesome. I work from home full-time and can go weeks on end where I can log off at 4pm and hit the gym, cook a healthy dinner, etc. And I still have 20+ years in my career to get that salary up. I’d recommend a MBA or masters to climb faster in FP&A

[@Lidabozz]

Is it hard to break into the industry without a relevant internship? I’ll be graduating soon with a Bachelors in finance and FP&A sounds intriguing to me. I am assuming the barrier of entry is not as high as an industry like banking, but do you have any advice on landing something post grad? maybe some networking tips or what your personal experience was with the application process. Finally what would be some good companies to try and work FP&A for. Sorry for the long question but would really appreciate your insight. Thanks!

[@rmmm329]

@@Lidabozz with a bachelors in finance it shouldn't be too hard. The nice thing about FP&A is that every single corporation has a corporate finance team. You're not competing for these few and far between IB roles. To land something post-grad get your excel skills up, maybe get a certification online or something that you can put on your resume. You'll be ahead of most coming out of school then. As for companies, kind of depends where you live, but I'd recommend looking at the largest employers in your area on Wikipedia and start there. Good luck!

[@Lidabozz]

@@rmmm329 thank you very much for the response. I live in the NYC area so Im hoping there will be a decent amount of opportunity post grad

[@osmanguney7324]

What is FP&A?

[@AgntEG]

Don't know how you get that salary but sounds like you hit the lottery.

[@081praveenrajr4]

Make a video about financial advisor and their salary 🙌🙌🙌

[@prateeksharma4884]

I guess Underwriting is also a good option in terms of monetary terms as well as Work life balance.

[@TheBryanJun]

I actually have a couple friends in underwriting and they all seem to enjoy it

[@nathanisaac7901]

can you do underwriting and corporate banking/finance

[@prateeksharma4884]

@@nathanisaac7901 yes why not as I have been working in this domain for past 3+ yrs.

[@santhoshsubbiah1803]

The answer is a quant researcher or trader in hedge funds. It's difficult to break into but absolutely worth it !

[@joshkhew5414]

Bro saw you in ktown last weekend LOL thanks for saying hey 👋🏻

[@TheBryanJun]

Great running into you!

[@arghonandi6818]

When you talk of banking background. Does that only mean IB or does it also include ER/S&T

[@TheBryanJun]

I was speaking more on IB but solely because that's what I'm personally aware of

[@arghonandi6818]

@@TheBryanJun thanks a lot man. Love your work

[@fbi6555]

This man sounds like he hasn’t missed a blunt rotation since 7th grade. I love it.

[@TheBryanJun]

lol

[@symonyeal1372]

What up Brian! Surprised to find a WnL guy here!

[@nelsontai5381]

Just graduated from university(major in economics,in Taiwan).Recently, I found myself prefer doing those finance and investment stuff. However, what I learn in college isn't enough to handle. Do you have any suggestion for me to catch up in these finance of Investment bank field. Or maybe some hint to get a presentable job experience even an intern job. Btw great video.

[@15v1c1]

enroll and study for CFA

[@thelago07]

@@15v1c1 CFA is pretty basic regarding economics and statistics

[@15v1c1]

@@thelago07 yeah but his a major in economics so I guess he knows that quite well already

[@lebogangmaila]

best finance career video I've ever seen.

[@TheBryanJun]

I try

[@At4mith777]

I need this, currently in corporate finance. Curious to try the investment finance world but 80 hours 😮‍💨

[@TheBryanJun]

good luck

[@puffer_fish58]

hey brian, i just got an offer at a major firm (largest in its sector, growing super fast, +40 M&A deals currently in the pipeline) corporate development M&A and currently interviewing for a position at Corporate Banking Treasury (very backoffice job) in a bulge bracket here in my country. however, my end goal is PE. which one do you think is a better path to it? it’s my first internship and i still got 3 years of college to go. i come from a target school.

[@TheBryanJun]

I would say (in relativity) definitely the first option if PE is your end goal - IB or Consulting experience would set you up better

[@enzopagotto1597]

eae seguiu em qual?

[@puffer_fish58]

@@enzopagotto1597 segui em M&A e hoje em dia tô em PE. Deu certo!

[@thiagogregory1]

@@puffer_fish58 Parabéns! Você ainda está na faculdade, né? Então você está fazendo uma internship em PE?

[@TheESLtv]

It actually exists, but it is not so much in the scope of the public. The reinsurance industry and also industrial insurers pay pretty well, especially in the field of underwriting and sales. Work Life Balance is much better than in investment banking.

[@lukebradley7879]

Do large banks and investment banks these days consider East Asians and south Asians as diversity ? I feel like there’s a LOT of them while hardly any Latino or African Americans on Wall Street. Just curious

[@TheBryanJun]

I don't think they were considered diversity in my lifetime!

[@Leven727]

i bet software engineering is a great field. but i’m a finance major unfortunately, what big points do you say why you’d want to be a software engineer

[@aariyanp6035]

more money less hours

[@mgrmag4849]

Hi Brian, Recently watched some of your videos which are super helpful. My question are: 1.Which BBA should I take Computer engineering or Finance so that I can easily get hired without language barriers on IB? 2.Will it be helpful if I take BBA in computer engineering and Master in Finance in any way? 3.I want to be in IB but related to real estate , any advice on that? 4.Which divisions get you a lot of experiences related to finance? Which are the hardest and easiest divisions to work on? Thanks Brit

[@really...8359]

Do Computer Science and minor in a financial/business major. It’ll allow you the most flexibility. You honestly make more as a SWE compared to a banker. You can also go the banking route with a CS degree.

[@kvin9210]

Thank you for being so brutally honest about it in the very start of your video

[@TheBryanJun]

that's my slogan

[@habibbialikafe339]

Lmao tech is of course. Changing tower light's, there's a bunch. Within finance, s&t is like 55-60 hours and pays enough to fund the same lifestyle. Same with PE

[@Michaelwilliams89033]

I'm in complete awe at how I went from living an average life to making over 63k per month. It's amazing. The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, MARCIA ANN BICE .

[@exoticclan68]

This is hilarious

[@theHarbingerOfDoom]

Absolutely shameless

[@yammyking22]

Marcia can smd 🤣🤣🤣

[@pppinto97]

Hi Bryan If CORPORATE FINANCE is USELESS then how does M&A and PE sector, work? My BASIC ASSUMPTION was the people is PE need to have investment banking experience and they do it via M&A experience and M&A’s whole job is corporate finance. My question is how can you make a career in investment industry (fundamentally), be it, PE or getting in Hedge Funds

[@ryanklarnet5905]

Corp Finance is essential for M&A and PE but deal experience and the ability to grind quality work quickly and over long hours is why its very hard to get into PE without banking experience

[@pppinto97]

@@ryanklarnet5905 Got that Ryan. Thanks for the A2A,

[@av1136]

Hey Brian! youre videos are so helpful. I work in audit at a Big 4 with clients in the PE and Hedge Fund space as a Senior Auditor. Is recruiting for a PE/HF out of audit into a finance/ops/accounting associate role something you would consider a success? im looking to get out of audit and gain some other skills (potentially move into a strategy role if I dont like the PE/HF space) and with the current economy this is my strongest option. Any advice would be so helpful!

[@aasthaarora7174]

Hey , I am a fresher who started working in big 4 audit and my clients are PE . Are there any tips to excel at work and understand the audit of pe better?

[@Jake11135]

Hey, I’m in the exact same as a big 4 auditor in PE. Wondering if you gained any more knowledge on this/did you change jobs? Thanks

[@USASPORTSCARDS]

Finance jobs where you make good money and have way better balance include corporate banking and valuation advisory

[@blackclover1454]

Hey Bryan , Please answer my questions 😊 Is studying investment banking easy or difficult? Does reaching the executive director only need nine years? Do I just work for nine years and get to the executive director, or are there other obstacles?

[@TheBryanJun]

I don't think studying IB is hard in the sense that what you learn in school to "prep" for IB is necessarily difficult - it's more of the practice being associated with a lot of work. Assuming you mean Managing Director, it really depends on your ability to source deals

[@blackclover1454]

@@TheBryanJun I do not mean an international study, I mean if you came to America and studied investment banking, would it be easy or difficult?

[@renedelgado1572]

@@blackclover1454 if you are good at math, and memorization then you can definitely do it by studying hard. Every business major is hard to some degree, obviously not as hard as engineering.

[@gn6905]

My ROT (return on time) is avging 25-50 bps daily ROE on my AUM.. $25-50k on $10M, $125-250k on $50M, quarter-half a mil on $100M

[@silentstorm718]

Some of my friends and I are on quant side, 50-70 hrs per week. That's manageable for me. I'm still able to hit the gym and spend quality time with my folks. Although I do manage my time very well in order to have the life I want. Rarely put in more than 70 hrs.

[@TheBryanJun]

quants are too smart

[@silentstorm718]

@@TheBryanJun until I start drinking on Friday evenings 😁

[@aleashaharris9878]

I’d love to know what you think “good money” is?

[@koolrocker12]

Tech Finance isn't mentioned enough (corporate finance on big tech companies with large datasets). It's slightly more technical tho, you're predominantly a Business Analyst that knows Finance and Accounting, so you'll need heavy programming skills (think SQL and Python). Obviously you dont make as much as IB, but pretty nice, you can break 6 figures within a year if you're competent.

[@dominick366]

What are some examples of tech roles?

[@koolrocker12]

@@dominick366 I wouldn't say they're "tech roles", I'd say finance roles in tech companies. As far as positions go, you can be a Bunsiness Analyst, a Management Analyst, a Financial Analyst, etc. I'm currently a Financial Intelligence Analyst and its basically Data + Finance. Keep in mind that Tech Finance is, as I said, data + Finance, so work your skills around that if you're interested in that field.

[@user-lb6un2ru3m]

@@koolrocker12 Do you think that you will be able to get into a role in Tech Finance with a Bachelors Degree in Economics and Finance and Master in Data Science?

[@koolrocker12]

@@user-lb6un2ru3m Completely. From an academic standpoint you seem qualified enough, keep in mind that you'll be tested in the technical aspects of the job, but with these qualifications you'll pass HR screening seamlessly.

[@raymondhernandez]

I work for myself. 3 stocks. Never trade in and out. Track their quarterly results. Focus on the long ball and let compound growth work for me. I get decent dividend payout plus I borrow 5% against AUM in collateralized loan. Usually at the gym during market hours. Don’s ever worry about market volatility. Just free rolling and chilling the f out. Yes, the greatest job in finance does exist. Just gotta be patient and pay attention to all the small details.

[@mickeymaples4928]

Risk management. Quant modeling, risk modeling and such pay high and have normal 9-5

[@TheMrRomely]

FP&A is so mind numbing. Tried it for a year, and went back to banking

[@TheBryanJun]

idk why anyone does it tbh

[@tripleeyeemoji2685]

Jesus working 60+ hours a week is CRAZY. I’m in finance and I work 40 hours a week and sure I don’t make an INCREDIBLE salary but I make good money especially at my age (I’m 27). I graduated with a degree in finance and I would MUCH rather make less money and work 40 hours a week and have time to live my life. Work isn’t everything.

[@anastasiaparafestas9976]

Equity research - same pay, different type of work, 12 hours a day roughly

[@TheBryanJun]

seems boring to me

[@LoneWolf-yg1mr]

I barely started the video but I’ll say Mergers and Acquisitions 😎

[@riffmasterification]

You mean Software engineers have better work life balance and almost equal pay?

[@adaelasm6467]

Proprietary trading. We used to work 7:30-3:30 and made anywhere from 200k to 2M depending on market conditions. But it’s a tough job and you have to be able to handle stretches of massive losses.

[@kalinda619]

Interesting, you did automated trading back then (considering market closes at 4)? Or was execution separate?

[@adaelasm6467]

@@kalinda619 Was in Chicago, so market closed at 3

[@maxpluta7153]

@@adaelasm6467 Hello, Do you know how to get into this type of field? I am looking for another internship before pursuing my career. I have always been interested in prop trading. I currently have an internship offer for treasury management and have been a credit intern as well. You think this is a good background to potentially get into prop trading? I go to uic as well and have been looking at jobs in the Chicago area.

[@adaelasm6467]

@@maxpluta7153 not going to get an offer at one of the top firms with that background, but you could start at one of the smaller shops and work your way up. Honestly those internships won’t prepare you much, I’d make sure you have a good understand of trading in general - stuff like Hull and Natenberg is great. And being good at coding can go a long way in standing out as an applicant depending on company

[@maxpluta7153]

@@adaelasm6467 Hello, Do you have a linkedin? Would love to pick you brain on this topic. Mine is Maxwell Pluta. Would definitely be interested in setting up a zoom/ call if possible. I would greatly appreciate it. Thanks.

[@user-qb5rp8up7o]

아닠ㅋㅋㅋ인트로부터...ㅋㅋㅋㅋ끝이라고 생각한 취업이 또 다른 단계을 위한 절차중 하나라니.. 허어...끝이없네요.. 영상 잘봤습니다~

[@TheBryanJun]

ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ 끝이 안보이는 길같네요 ㅠㅠ 감사합니다!!

[@aryayudha6414]

@@TheBryanJun Bruh, you are Korean?

[@TheBryanJun]

@@aryayudha6414 yup!

[@XxAlexanderProxx]

"Great information"

[@TheBryanJun]

is what i have

[@sik2185]

Guys I would like to do an internship in finance. I'm based in London. Anyone can help me?

[@vunguyentr5561]

It's actually exist but it is functional small medium size companies with human oriented culture, good leadership and management

[@TheBryanJun]

sounds miserable

[@NathanielDailly]

Bryan what about being a quant trader? The pay can be seven figures if you have a really good year and it has a great work life balance. The only difference is that you may need a phd but it has one of the highest earnings potential on Wall Street.

[@tariitonyo3360]

You don't rate Portfolio Managers?

[@TheBryanJun]

I think I did mention hedge funds but maybe you're talking about wealth management? both great fields!

[@88efreddy]

The correct answer is working for a Family Office/Foundation/Endowment.

[@TheBryanJun]

endowment!

[@mdnorem1]

financial advisor!

[@rrSBS2017]

Well I guess high pay is relative but roles in family offices, endowments, investment consulting, and asset management would all fall under “finance” to me and generally have good work/life balance

[@PPCCO.]

Underwriting- Insurance sector.

[@skateata1]

I'm currently getting my MBA but I'm thinking of changing it to a specialized degree.

[@TheBryanJun]

both are good imo

[@dharmendrasahu3137]

What are exit options available to a hedge fund accountant

[@TheBryanJun]

no idea