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Old 16-11-2011, 12:01 PM
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Originally Posted by Wiseman1 View Post
I cannot understand why the discussion is always around IB and the fat salaries blah blah blah, if you take into account the ridiculous long working hours, the pay does not seem so fantastic anymore....
The Finance/Banking/Accountacy field is more than just IB....the following roles pay almost as well but with much better work-life balance:

(1) Banking risk management
(2) Banking compliance
(3) Product Controllers
(4) Priority Banking/Private Banking
(5) Finance Business Partners in big names IT firms
(6) Equity sales
(7) Fixed Income trading
I can understand people taking lower paying jobs for better hours, but the jobs listed above are nowhere near that of IB. Most of them maximum earnings after many years still have problems matching a fresh grad IB.

(1) Banking risk management – Back office, max 180k inc bonus
(2) Banking compliance – Back office, max 150k inc bonus
(3) Product Controllers – Not sure, no comment
(4) Priority Banking/Private Banking – Private Banking possible to match IB, but Priority Banking very unlikely
(5) Finance Business Partners in big names IT firms – Fancy name for Finance Manager / Controller, possible to hit 200k after many years, but bonus potential nowhere near IB
(6) Equity sales – Hard to tell, almost 80-100% commission based
(7) Fixed Income trading – Possible to match IB, but I dun think working hours are shorter than IB

Out of the 7 jobs listed, 6 are still banking related jobs. There really are more Finance/Banking/Accountacy jobs out there than banks. Really.

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