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As a controller/finance manager, I think you’re underselling FP&A. Working as a CFO is arguably the endgame of FP&A, and I would argue ranks S-tier in prestige, compensation AND work-life balance.
Im in FP&A. Great work life balance. Lots of exposure, especially working at a smaller company. Can easily be at 100-150k comp and not hate your job/life.
i mean once ur at the very very top in any industry it’s very lucrative and have great prestige and work life balance. MDs at banks, partners at funds, etc all equivalent pretty much equivalent to CFO
@@swagmassa6702 I mean when we rank any corporate finance/strategy/development jobs we’re pretty much talking about f500, just like when we rank ib we are not talking about a boutique.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Please don't base your career on these rankings. It's very biased. Some people in FP&A get paid even more than most people in hedge funds. You need to calculate the risk-adjusted salary over the entire career.
yes obviously can’t choose a career based on one video and i say many times in this video that there’s much more to each job than these rankings and that u can have a great career in any of these industries. i would say tho the avg comp in hedge funds is way more than at fp&a for the person who is the same age. risk adjusted salary good point tho cuz u can get fired at hedge fund much more easily (also something i mention in video tho)
Who’s getting paid 500k at 28 yo in fp&a? Come on.. I get your point and it’s fair but let’s not exaggerate that bad. Unless you are looking at very small shops, HF SM and MM will pay you 2x what you earn in IB/PE because it’s precisely the golden exit ticket to both of those
Hello, VC/startup person here. On the comp figures for VC, it depends a LOT firm to firm, and the biggest thing is that you get a ton of carry, and a lot of smaller firms have 2 tier'd systems that allow you to get to partner level really quick. VC people stay in it for the long haul, as it's an industry where carry is probably the biggest variable. Plus, the people at the top make WAY more in VC than in HF or PE, as their fund returns are super strong, and you basically just need to make 1 good bet to make a career.
@@oneandonlyflow small amounts of carry in a fund that makes a good bet do really well. Big vc firms like sequoia already pay big bases, so it's more like the difference between a MM fund or a SM fund. More people and money means higher base, lower carry and vice versa
This is an informative video as a non-finance person. Prestige is an interesting metric though. It kind of falls off if you're not in finance and really have no insight into the roles. Also, there's youtubers that make more money than people in finance and have no corporate prestige lol.
At most BB investment banks, global markets (S&T) has a much bigger share of revenue compared to fees earned from IB -the wild bond trading days of the 80s may be over, but it’s definitely still a very relevant piece of the ecosystem.
Very difficult to rank jobs purely based on such broad roles. Sales & Trading can be a D tier job but if you look at some specific desks it can be S tier, especially since you get guys with PhDs in maths or physics from top schools there who can easily outearn MDs in the IBD.
It's unfortunate that the compensation and work-life balance lists are almost mutually exclusive. You almost are required to sacrifice one for the other, and while it's simply a product of how much work you put in, it's depressing.
Great video! I work in investor relations at a NY Alts firm, so I can add some color given as you mentioned there isn’t much info out there. All in comp for someone 2-3 years out is closer to $150-250 depending on the size of the fund. Hours are more like 50-70 depending on how many funds your firm raises a year. Prestige depends, you’ll definitely never be at the level of someone in a buy side role, but other than that, your viewed as pretty prestigious (although as someone with a few years in the industry I can tell you that prestige is kind of dumb to care about, worry about how many hours you have to work and how much your getting paid for it). Hope this adds some color
That ranking is very biased (and your explanations more detailed) towards the corp side rather than the market side (which is understandable because thats your background) but people should be aware of that.
@@celestialtimesquidAny quant makes good money, that should have been included in the ranking, doesnt make much sense to have “hedge fund” when that encompasses a variety of jobs
Comp needs to factor in cost-of-living. All of the higher ranked job categories in terms of comp are primarily based in very expensive and high-tax locales, while those that show lower average salaries (and receive poor scores) are much more geographically distributed.
Bit disappointed in this vid. Your interviews are great at detailing different careers and I’m a huge fan of them, but tough to be ranking careers and weighing them 33% on “prestige” which ultimately doesn’t matter (work in PE). Not the right message to be delivering but guess views are views and here I am watching this one. Please keep up the interview content tho - those are fantastic
Some relevant videos you may be interested in related to this video! ► Top 10 Highest Paying Jobs out of College - ua-cam.com/video/XkwLeKqKMKY/v-deo.html ► How Buy-Side Investors Create Value - ua-cam.com/video/U2JPCWMY_J8/v-deo.html ► A Guide to Hedge Funds - ua-cam.com/video/fh84yDnNMLE/v-deo.html ► What It's Like Working at Apple - ua-cam.com/video/2Gn6Z0RRKUQ/v-deo.html ► A Beginner's Guide to the Buy Side - ua-cam.com/video/sZiVEC5-o0w/v-deo.html
🧑🏫Wharton & Wall Street Prep PE Certificate Program🧑🏫
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► Join the rareliquid Discord Community - discord.gg/AHnxBUGTwt
the link to the LBO model doesn't seem to be working...cld u plz check? Thanks Ben!
As a controller/finance manager, I think you’re underselling FP&A. Working as a CFO is arguably the endgame of FP&A, and I would argue ranks S-tier in prestige, compensation AND work-life balance.
I would say he ranked FP&A as C because you can do FP&A at every company even if it's not in the finance industry
Im in FP&A. Great work life balance. Lots of exposure, especially working at a smaller company. Can easily be at 100-150k comp and not hate your job/life.
i mean once ur at the very very top in any industry it’s very lucrative and have great prestige and work life balance. MDs at banks, partners at funds, etc all equivalent pretty much equivalent to CFO
braindead job
@@swagmassa6702 I mean when we rank any corporate finance/strategy/development jobs we’re pretty much talking about f500, just like when we rank ib we are not talking about a boutique.
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Please don't base your career on these rankings. It's very biased. Some people in FP&A get paid even more than most people in hedge funds. You need to calculate the risk-adjusted salary over the entire career.
yes obviously can’t choose a career based on one video and i say many times in this video that there’s much more to each job than these rankings and that u can have a great career in any of these industries. i would say tho the avg comp in hedge funds is way more than at fp&a for the person who is the same age. risk adjusted salary good point tho cuz u can get fired at hedge fund much more easily (also something i mention in video tho)
Who’s getting paid 500k at 28 yo in fp&a? Come on.. I get your point and it’s fair but let’s not exaggerate that bad. Unless you are looking at very small shops, HF SM and MM will pay you 2x what you earn in IB/PE because it’s precisely the golden exit ticket to both of those
Hello, VC/startup person here. On the comp figures for VC, it depends a LOT firm to firm, and the biggest thing is that you get a ton of carry, and a lot of smaller firms have 2 tier'd systems that allow you to get to partner level really quick. VC people stay in it for the long haul, as it's an industry where carry is probably the biggest variable. Plus, the people at the top make WAY more in VC than in HF or PE, as their fund returns are super strong, and you basically just need to make 1 good bet to make a career.
Huhh?? Not everyone gets a ton of carry you usually need to be a GP. Also, top people at PE and HF make a ton too.
@@oneandonlyflow small amounts of carry in a fund that makes a good bet do really well. Big vc firms like sequoia already pay big bases, so it's more like the difference between a MM fund or a SM fund. More people and money means higher base, lower carry and vice versa
This is an informative video as a non-finance person. Prestige is an interesting metric though. It kind of falls off if you're not in finance and really have no insight into the roles. Also, there's youtubers that make more money than people in finance and have no corporate prestige lol.
the greatest talent is literally realizing that these jobs exist and getting an internship. Nobody i know has heard of any of these jobs
Especially knowing it during high school and freshman year.
one reason why i wanted to make this video!
At most BB investment banks, global markets (S&T) has a much bigger share of revenue compared to fees earned from IB -the wild bond trading days of the 80s may be over, but it’s definitely still a very relevant piece of the ecosystem.
Very difficult to rank jobs purely based on such broad roles. Sales & Trading can be a D tier job but if you look at some specific desks it can be S tier, especially since you get guys with PhDs in maths or physics from top schools there who can easily outearn MDs in the IBD.
Do not need PhD, can just have a Masters in financial mathematics from a top 30 global university
It's unfortunate that the compensation and work-life balance lists are almost mutually exclusive. You almost are required to sacrifice one for the other, and while it's simply a product of how much work you put in, it's depressing.
How is this depressing, you already understand it is a product of how much work you put in?
Venture capital remains exception
I’m a bit baffled. More work, more earn. Is that not what you want from a society?
Welcome to the capitalist world lmao of course it's stupid and counterproductive
If there’s an easier career that pays better, more people go into it and increase the labor supply and drive down salaries.
Great video! I work in investor relations at a NY Alts firm, so I can add some color given as you mentioned there isn’t much info out there. All in comp for someone 2-3 years out is closer to $150-250 depending on the size of the fund. Hours are more like 50-70 depending on how many funds your firm raises a year. Prestige depends, you’ll definitely never be at the level of someone in a buy side role, but other than that, your viewed as pretty prestigious (although as someone with a few years in the industry I can tell you that prestige is kind of dumb to care about, worry about how many hours you have to work and how much your getting paid for it). Hope this adds some color
great additional info and i do think IR is super overlooked / underrated as i mention multiple times in the vid!
Please include risk management aswell from the next go
That ranking is very biased (and your explanations more detailed) towards the corp side rather than the market side (which is understandable because thats your background) but people should be aware of that.
was trying not to be but i guess i cant be 100% unbiased. lmk if i said anything wrong
As a former banker in Hong Kong, I think it's pretty fair. 😂
@@rareliquidI would argue that Fixed Income S&T, Private Banking, and AM at a place like JP Morgan can pay on par or even more than IB
crazy work
Private banking def has higher compensation
Honestly the comp section should be broken down $/hour worked. Would shape up much differently.
When will you make videos about project ideas for each industry to get into those?
How about Family Office!
Can you prepare a video related to the career opportunities and exit strategies for Quant Traders?
are these the best jobs in finance ? can you do a video on the best careers in general ? like medical and tech ?
sure can do that
Thanks super helpful! What do you think of corporate banking?
where are the quants hello? citadel undergrad interns at $120 per hour
That's just because citadel is cracked asf lol
@@celestialtimesquidAny quant makes good money, that should have been included in the ranking, doesnt make much sense to have “hedge fund” when that encompasses a variety of jobs
i’m including them in hedge fund
Comp needs to factor in cost-of-living. All of the higher ranked job categories in terms of comp are primarily based in very expensive and high-tax locales, while those that show lower average salaries (and receive poor scores) are much more geographically distributed.
What kind of first degree has a better demand to get into investment banking,PE,VC,Hedge fund stuff like that
business, economics, math, stats, etc but more importantly internships that show you’re interested in the field
Isn't finance degree?😢
Thank you 🎉
Have a question,how about the legal and compliance department?😊
These two are very different (and require different backgrounds).
What is your kickback for enrolled registrants in the Wharton/WSP Certificate Program?
@rareliquid would love to hear who introduced you to these jobs. would be an interesting and engaging vid. All other channels are missing this.
u just hear about them when u work in the industry
Need a worst jobs in finance ranking
Of course in a way biased, but I find all these factors important, so its a good list!
IB/hedge fund soon to be
Private wealth management is a bit broad...I worked in real estate commercial fund management and umbrella of division was under PWM
What about Real Estate Private Equity
No consulting?
Not finance
Quant trumps all tho 😎
Where do Capital Markets (DCM/ECM) go?
Kirsten Expressway
Is not a finance degree best for get into field like this?
where would you place risk management in tis list? Just curious
for prestige prob like D tier, comp C/D, work life A/S - roughly speaking
Would say many people leave IB for private credit…
Bro how to get into sales and trading ... pleaseeeeeeeeeeeeeeeeee
Bit disappointed in this vid. Your interviews are great at detailing different careers and I’m a huge fan of them, but tough to be ranking careers and weighing them 33% on “prestige” which ultimately doesn’t matter (work in PE). Not the right message to be delivering but guess views are views and here I am watching this one.
Please keep up the interview content tho - those are fantastic
Some relevant videos you may be interested in related to this video!
► Top 10 Highest Paying Jobs out of College - ua-cam.com/video/XkwLeKqKMKY/v-deo.html
► How Buy-Side Investors Create Value - ua-cam.com/video/U2JPCWMY_J8/v-deo.html
► A Guide to Hedge Funds - ua-cam.com/video/fh84yDnNMLE/v-deo.html
► What It's Like Working at Apple - ua-cam.com/video/2Gn6Z0RRKUQ/v-deo.html
► A Beginner's Guide to the Buy Side - ua-cam.com/video/sZiVEC5-o0w/v-deo.html