Careers for Business Students (and what they pay)
Вставка
- Опубліковано 27 чер 2024
- Rating five career options for business students. Jobs rated on salary, difficulty, and work hours. The five careers I analyse are management consulting, investment banking, big tech, accounting, and entrepreneurship.
LEARN:
📈 The Complete Finance & Valuation Course: www.careerprinciples.com/cour...
👉 Excel for Business & Finance Course: www.careerprinciples.com/cour...
📊 Get 25% OFF Financial Edge Using Code KENJI25: bit.ly/3Ds47vS
SOCIALS:
📸 Instagram - / kenji_explains
🤳 TikTok - www.tiktok.com/@kenjiexplains...
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
RESOURCES:
Management Consulting Guide: managementconsulted.com/app/u...
Investment Banking Guide: cdn.vanderbilt.edu/vu-wp0/wp-...
CHAPTERS:
0:00 - Intro
1:00 - Management Consulting
5:12 - Investment Banking
8:00 - Big Tech
10:35 - Accounting
13:48 - Entrepreneurship
15:27 - Summary
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Learn Excel for Business & Finance: www.careerprinciples.com/courses/excel-for-business-finance
pls make a video on corporate controller
One of the most interesting and useful video i've ever seen, thank you so much! Big up
Happy to hear that!
Another good field is commercial banking. Very lucrative and the work life balance is excellent.
Starting pay is about 70k with a 10-15% bonus. 3 years later you’ll be at low to mid 100’s all in. As you move up you’ll easily clear 200-400k.
Forgive my ignorance, but what is the difference between commercial and retail banking? What makes commercial so good?
@@hampshire2821 commercial/corporate banking deals with large companies, it’s essentially banking for businesses (loans and financing). Retail banking is for the common individual for like checking, savings, cds etc..
@@Viktor9502 thanks for the informative comment
i live in belgium and studying economics atm; i speak english,ducth,frenc and spanish. is it easy to het into commercial banking ? and if so what city's are optimal to go work in for this industry
@@raphaellechat2339 it’s not as hard as getting into investment banking, but it’s still hard. All jobs are hard to get! It’s easier if you know someone on the inside.
Best place to work in CB is probably Charlotte NC, USA. They pay really well and cost of living is cheap.
Thank you for such an informative video. I am a business major myself and it’s good to see so many opportunities in my future field. Your personal resume is fantastic, and I will definitely follow your channel more often.
Hey Kenji, nice video with great details and explanations. Your other videos are just as well explained and interesting. Keep up the good work!
Cheers from France
Really appreciate the comment Nathan! All the best 🙌
Amazing video!! Well explained and concise, definitely helpful, thanks Kenji!
Friend, Thank you for your input on these career options. Helps in choosing which industry and career you want to do. Doing a wonderful job!! Keep making such amazing content. Good luck
Thank you 🙏
Great vid kenji. Appreciate it. I'm a few years behind you (2nd year) based in New Zealand but looking at all those fields. Thanks for a realistic breakdown.
Thank you! Best of luck in the field you decide 👊
im in nz too!!
Would love to hear about your experience so far at Amazon.
Currently deciding between Investment Banking & corporate roles.
Thank you for giving a realistic take on entrepreneurship. More young people need to be explained the hustle and difficulty of making good money while running your own business.
Really interesting! There's so many different options
Thank you!
great vid. def make more career/college major videos.
Very impressive, learn a lot from the video!
Hi Kenji, great video although I disagree with the estimated working hours and thus work/life balance for accounting jobs. I think they tend to work many more hours, based on some of my friends’ experience as interns/junior auditors at Deloitte/EY
That’s interesting 9-7 was the average for me / those I spoke with but thanks for dropping the comment for others to see may be wrong 👍
During busy season, Big 4 auditors def are working 75 hour weeks. But during off-season (i.e. summer) we works are closer to 40 hours. Just what I see at my time at KPMG :)
to be fair IB can go up to 100 hours easily.
Literally just rejected my audit big 4 role for this reason
Very good overview!
Would be interesting to see how this salaries develop over the years. I believe that the pay in Accounting is pretty low because you don’t have completed the Accounting exams.
Thank you! Yeah that’s a good point 🙌
another great video! I would love to hear more about your view on career options in big tech as business students!
Sounds good will keep it in mind! 👊
@@KenjiExplains I'd also love to see that video. Consulting and banking have been extremely well covered on UA-cam (discussed to death, in my opinion), but tech is much more opaque. Personally, it would be super helpful to get more insight into opportunities in that field, and I think lots of other students would benefit too.
Another nice video 👍 your channel will skyrocket! Keep it on!
Appreciate it Pietro good to hear from you man! Let’s catch up soon
Very nice overview!
I think product management is an important option which pays around $110-140k with a pretty good work life balance.
Thanks for the input!
how did you get in that?
@@Leven727 I think internships and studying a mix of business and tech are good ways to get into product management full time.
What does a product management do? And where do they work?
You have the Penguin Classics Clothbound collection behind you!! awesome!
Thanks so much for the video..you just helped me narrow down my career path
Glad it was helpful :)
A very informative video! Thank You!
Glad it was helpful! Thanks for dropping the comment, means a lot :)
Subscribed. Very concise.
Hey Kenji! Loved the video!
Love from India :)
Your videos are great. Well made, organized, clear. Great work!
Appreciate it!
Hey Kenji, great explainantion brother
Can youi make a detail overview video on financial planning and the career path
Hey Kenji I love your videos. I had a request for you.
Can you make a video about how you managed to get a job in a big tech company as well as explaining the concept of big tech further?
I’ll keep that in mind thanks!
Good video! Thank you!
I would like to add Business Analytics. It may not be looked as business area so much, but I very much think so and a lot of business school provide it. Business Analytics internship in FAANG is around 5k e/month pre-tax in Europe. That would be prorated 60k euro a year or 70-80k usd a year.
Great point!
What's the job like?
Hi Kenji, your videos are very informative and to the point. Could you please make a video on what kind of career opportunities are available in Private Equity firms.
Appreciate it, will keep it in mind! I touch on it slightly in my Q&A video FYI
You should’ve emphasized the importance of the CPA certification for future career growth.
Hey all, I think a lot of people are looking to break into big tech. I'm a recent grad with no business background, but it's something I'm super interested in too! Would love to see more resources/videos if Kenji or anyone else can point me in the right direction :)
lets go big tech!! your numbers are very accurate.
Thank you!
Financial Services job market in Japan is getting competitive already unfortunately. Top FS companies are now prioritizing bilingual professionals and the aging population is not also helping so well too. Thanks also for the investment banking career path resource. I always get lost recently with the terms and how much wide the scope is of IB 😵💫
Great vid thanks a ton ! If you wanna try to go more in depth with big tech vids would be great aha
Thanks! Will keep it in mind for sure!
You should probably talk about exit strategies per field
Great video please do more videos on investment banking
Appreciate for your feedback!! Thanks for watching for more info.......
W•H•A•T•S•A•P•P M•E.. +•1•4•2•4•2•5•0•8•8•2•5...~√
This was worth my time.
will be starting college with an econ/business admin major (haven't decided yet) ,super helpful,
Glad it helped!
Hey Kenji, amazing video like always !
Can you make a video about scholarship opportunities for international students ?
Thank you so much !
Thank you! I'll keep it in mind but can't promise anything as it's quite a person-specific topic
Hey Kenji, awesome video man.
Could you perhaps make one on career progression in these different industries? How the salaries increase, responsibilities and work hours over time? Also if you could go into more industries such as corporate or commercial banking? Thanks. Loving your content by the way
noted thanks for the suggestion! About the banking careers, I have some videos on that here: ua-cam.com/video/_dog4Mz5onU/v-deo.html
I would have probably rated Entrepreneurship a bit differently, Hours 1 Star yes, Early Salary is low as you build your business but if you do manage to succeed it will be much higher than all the others. Difficulty I would have rated at 5 stars since most startups fail within their first year and you have to work your ass off basically the entire time.
I think the difficulty tag was in regards to how difficult the job is to land - starting your own business requires no application process and therefore has a low difficulty rating on this scale :)
Hey there, love the videos. I was wondering whether you could make a video on further development a finance student can have after graduation?
Thanks for the great content.
Hey thanks for the suggestion will keep it in mind! For now I'd say studying towards the CFA (chartered financial analyst) is quite common.
I have seen a check stub for an accountant in a Big 4 during the Fall season with 93 hours for the week.
well said
I love this mans voice
accounting is one of these weird area, that I would of thought be completely automated in a program already a long time ago. Unless some how the account rule change every single year or something.
Appreciate for your feedback!! Thanks for watching for more info.......
W•H•A•T•S•A•P•P M•E.. +•1•4•2•4•2•5•0•8•8•2•5...~√
Just a heads up: IB has increased their base salary to 90 at all the BB and 95k+ for all of the EB. I just got an offer from a lower MM shop which has 90 base. 85 is below street now.
Good point! Video was made prior to that so thanks for commenting
Thanks done well
I think you should have taken normal business roles in big start-ups instead of entrepreneurship, it's a very attractive and common field for graduates
Sales within big tech (or Bay Area companies) makes more than all of these. I work with many Account executives at a company out of San Mateo with many pulling in $225k +. And that's after 3 YEARS of experience from starting in sales development, Which requires absolutely no post-undergraduate education, exams, certifications, or any of that additional crap
Thanks for sharing your insights!
How did you start?
What about Thinge like M&A or Financial adivisory/Services at non Investment Banks?
Hey Kenji,
What kind of roles one gets into corporate finance section after MBA? And do the tech firms and IBs both recruit MBAs for Corporate Finance roles?
Every industry hires every type of business graduates. Everyone needs managers so you can go in any industry including tech with BBA/MBA Finance.
Consulting at big 4 vs accounting makes a big difference in terms of salary and hours.
could you go over corporate banking?
Hi Kenji, if I have a business as well as a law degree, what all career options are there?
Great video Kenji! I’m an economics student in Italy and Financial Advisor for an independent firm. What do you think about trying to be a financial advisor in US with a background in Italy?
Keep going!!!
Thank you! Honestly I don't know much about financial advisors sorry
I’m a psych major planning on going to grad school for psych. Do u have any tips on what path I should take thinking about getting into industrial psych
As a Londoner, my immediate thought is, wow that's a lot of money!! I work in media, and I'm well aware of the differences between my own industry, and the finance sector across the Thames, but I'd be so interested to know how the UK and US compare in terms of pay.
The difference won't be as astronomical as it is for Doctors, but I imagine that it's still huge.
Sorry I don't know much about it, what's the difference between a doc's pay in UK vs US?
@@saachikanchan6276 I'm not in Medicine, but for a qualified Doctor in their first 10 years, in the US the pay is likely to be 2-4x what a UK Doctor earns. I think Consultants in the UK start at around $100k, whereas US consultants earn 4x that. Its pretty much because the UK health service is state run.
Here ukrainian people watch at your salary, and wow, that's a lot of money! You get like 7-10 times more then we do. Hooray!!! How great it feels to be poor
@@maksymriabov1356 then again the living expenses there would also be high so.. i guess it's fair enough
@@saachikanchan6276 not really. If, for example, they save 20% of their income, for us it is 60€, for them it is 500€
And they can buy a computer for like 2 months, and I have to waste a year of my life doing so.
mate do u know how much financial analyst/advisor gets paid and their bonus. cheers
can you please do one for marketing and advertising please, it'll be very helpful
Noted, thanks for the suggestion!
It would be good to say if a master’s degree is required. Or any certifications needed?
nice!
Cheer mate!
Doesn’t finance investment banking give you stock too ?
You seem to see things very binary, either working at a Giant Corp or start a risky tech startup yourself. There are shades in between those. To name a few:
- Work at a small/middle size company.
- Start a less sexy business that isn't as risky as a tech startup.
- Buy and take over an existing business.
I picked 5 popular paths for business students...
To your points, how can I break down how much a career at a small or middle sized company will get in salary, the work hours or the skills for the role? It's just too generic.
All startups are risky...even restaurants fail more than they succeed in the medium run.
As for buying and taking over an existing business, what kind of a career for business students is that? That's not a career path and it's not realistic students can buy a business.
How did you go from audit to IB to amazon?
Can you make a video about Big tech? Like the video about goldman sachs
Will keep that in mind!
Where would you put Tax consulting?
how do you break into corporate roles tho?
Do you edit your videos on your own?
Please am in African ( Ghana) please is it possible for me to work in Europe as Management consultant ?
Where would you like to be in 5 years time Kenji? Please "Explain."
would u say that diplomacy is a thing to do after consulting? or not really?
Hey I don't know to be honest...I'm not acquainted with diplomacy sorry.
Great video, how did you manage to work all kinds of jobs but still look like you're very young yourself
Haha I’m 23 so some were internships some full time
I watch several UA-cam videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
Hello Uwe, i'll advised to trade with the signal of an expert. it's more safe and profitable, i have made over $437k within 3 months investing with the signal of a reliable broker.
@maria sandra What is the name of your broker and how do i connect with him or her ?
@@walteruwe9771 Tamara diane hagan, lookup with her name online.
@@bartoszdobroslaw9774 Wow that was easy, I found her website and left a message for her. I hope she replies to me. thanks.
Hey Kenji, just a question. I don't come from a tier 1 college. Does that affect my career path in IB or management consulting?
Hi there yeah usually it makes it harder for you to get these jobs as the companies prioritize recruiting in tier 1 universities. It’s still very much possible to get in though but you might have to network more
mbb base just got bumped to 100k
You cant seriously say that you know the best possible jobs for business students
You are wrong at big tech. Business majors are available related to tech like MIS, IT management, Business Analytics so you can major in those and become both programmer and manager.
Have ever you come to Vietnam guy?
Marketing where
Maybe these salaries are based on 40hr weeks
high paying ones in UK are 40-55k max AFTER years of experience and before taxes
idc what anyone says uk salaries are stingy as fuck and a joke
Bro does not like the idea of taking risks💀
What about Business Analytics?
Good point, I'll keep it in mind for future videos!
Sir what are all the " Technical skills " Required for IB ...For college student what are all the courses you will prefer????
Hi there among the most relevant courses are financial accounting, corporate finance and financial modeling. But check out the guide I attached in the description for more details
@@KenjiExplains Sir does " Investment banking " recruting course " in udemy was really helpfull ?? In this they will say any Certificate kind of stuffs???
More like a target school than technical skills.
@@hello40169 yeah dude i understood, but technical skills will play major role in interview right ...
YOE needed?
wth accoutant in big firms can win 200k to 300k
Accountants deserve way more money
He showed salary for an accountant with less than 3 years experience at a Big 4 firm. Big 4 firms pay less than other firms. My aunt makes 350k and she was an accountant, now she is the Director of Accounting/Controller.
@@Oxymera and is your aunt working at a big 4 firm?
@@onemessi1783 No, she works for a F100 company and oversees the accounting processes. She worked at big 4 for 3 years though back in the early 2000s
I thought investment banking first year baseball adjusted to 100k, there was a news about it, bulge investment banking have been fighting for new bankers
Video was made before the change :)
@@KenjiExplains gotcha
"... To start it(Entrepreneurship) you don't really need anything"?
thats funny...i get paid 46 chf per hour as a primary teacher in swizerland, working 36 hours a week. those guys are clearly doing something completly wrong
Management consultants… because the management team who’s salary you pay don’t know what they’re doing.
Maybe take Asset Management into consideration. I have friends in the industry and it’s honestly the best I’ve seen in terms of wlb, pay and interesting, divers tasks
Noted thank you!
Trying to break into it from being in audit at big4
*Investing make up the top notch hemisphere of wealth.That's the more reason one should save and invest to secure more profit and ensure success.*
For me investment like stock and forex has become very profitable and good option to securing a better financial life, that's where I belong and survive from.
Exactly many top dogs out there do it, I mean that's why they are at the "TOP, I really think everyone looking to get some financial security should make forex and bitcoin investment.
Although I don't manage or make my investment myself Lol, I let an expert do all the analysis and calculation.
You don't need someone to tell you how
to invest your coins, you can also make researches and try doing it yourself.
I thought of Investing in forex last two years
but I was discouraged by my friends, is it wise investing in it now?
You worked at PWC, Amazon, and Goldman Sachs????? HOWWWWW
I get 35 dollars/hour from being a substitute teacher in scandinavia...
Wow.. So you make $6160 monthly? Are salaries so high in Sweden?
Difficulty 1 * for Entrepreneurship ? I think you got that totally wrong.. It is not just going out and doing it.
You got to have an idea, work hard on that idea, inform yourself on so many different topics (laws, regulations, paperwork, accounting, marketing, personell, tax, and so on and so on.) Don't think this is easy at all.
supeeeeeeeeeeeeeeerrrr
Hello Kenji, I am international student (rising junior) at Kelley Business School Indiana university with a 3.56 gpa. Should i try and make an effort to apply at MBB or straight away be realistic and start applying at OW, Kearney etc
Hey I don't have enough context to say in terms of your experience, network etc. but it can't hurt to try!
Bro you look like druv rathi