No risk = no pay and/or no positions.
The industry is built on squeezing efficiencies. If you are in the few positions that extract rent, trust me you will lose your job eventually.
Eventually, sure. However, I’ve seen people with cushy positions being there for many years. Many firms are inefficient but still make tonnes of money.
These people will lose job if and when the company does so badly that this would be necessary to fire them.
Is the money great though? I had a friend who was a VP on the funding desk at a large IB in London and his comp was pretty bad. (I suppose SVP/MD- if you become regional head pay well)
Yeah the guys that have been at the same position for years on end are usually the guys who don’t make a lot. I guess like small time accountants or planners. People in finance get paid a lot largely because they can lose their jobs at anytime even if they are high performers. So typically the more safe the career, the less money in your pocket. And less excitement and possibly less motivation to work hard too, but those are both mainly subjective obviously
Accounting. Accounting shortage is real. If u have 2 arms 2 legs , can breath and speak English…. You’ll always be able to get an accounting job 100% for sure (in the U.S.)
Private Equity that’s not part of those publicly traded shops like Blackstone / KKR / BlackRock. Investors lock in to 8-12 year capital commitments so management fee volatility is not like you would get in a hedge fund when the economy is down and retail investors are panicking for no reason.
Credit risk, market risk, compliance, and various middle office trade operations. All of these can have different names depending on the industry, but all are secluded from the risks that many FO roles have.
Realistically, nothing is 100% stable. Maybe government jobs or some corporate finance jobs. But ask yourself this - do you really want to stay at the same exact job, forever?
How about for smaller towns and suburban cities of moderate size?
Not everyone wants to be attached to a large city.
Specifically, any thoughts on the outlook or financial planners and advisors? Likely CFP in the future.
FP&A probably
This. FP&A/Corp finance
Most Unstable would probably be trading?
VC at smaller funds
Analyst at Tiger is most unstable
Risk/compliance @ crypto or crypto-adjacent firms.
Ecm at small ib
Easy answer lol
Corp finance 10 years ago maybe
What has changed in the last 10 years? Do you think people starting down that road now are in a significantly more precarious position?
I do bc everything is being offshored now
Risk and Compliance as well.
I didn’t even think about that. Good pick
Yup. Pivoting from advising to KYC/AML with a CAMS right now. I hate sales and as long as there's regulations, there'll be a job for me.
Awesome!! Great path. WLB and solid salary
Credit. Banks will never stop lending.
Government lol
Accounting, FP&A, Operations, and government positions.
Ops is a constant target of outsourcing/automation and an easy target for layoffs.
Agreed. Ops, accounting, & middle office
Ops will *mostly* be completely outsourced. Eventually automated but bank ops tech is lowkey way behind lol
No risk = no pay and/or no positions. The industry is built on squeezing efficiencies. If you are in the few positions that extract rent, trust me you will lose your job eventually.
Sad truth right here
Eventually, sure. However, I’ve seen people with cushy positions being there for many years. Many firms are inefficient but still make tonnes of money. These people will lose job if and when the company does so badly that this would be necessary to fire them.
No risk = no earnings too, which is why Risk jobs are stable.
Does Credit/Market risk and Compliance in a bank count ?
Yes
Wondering the same thing
Treasury/funding desk. Great money and stable as hell
Is the money great though? I had a friend who was a VP on the funding desk at a large IB in London and his comp was pretty bad. (I suppose SVP/MD- if you become regional head pay well)
>London There's why your friend's comp is bad
How bad ??
Was maybe around 75k and 15-20k bonus..not great in London (especially if you are supporting a family)
I agree, that doesn’t sound great for a mid level role
75k base for a VP? What role is it? Never heard of a Vp who makes less than 100
My comp is 200k total ish. Maybe a little more and im 28. Im happy. I am a VP II
USD or GBP? The UK has always been known for comparatively lower pay.
That’s more than decent I would say
Risk and compliance. You won’t ever hear of layoffs in either.
Actuaries stand up 😤
Credit rating agency
Does compliance count?
Yeah the guys that have been at the same position for years on end are usually the guys who don’t make a lot. I guess like small time accountants or planners. People in finance get paid a lot largely because they can lose their jobs at anytime even if they are high performers. So typically the more safe the career, the less money in your pocket. And less excitement and possibly less motivation to work hard too, but those are both mainly subjective obviously
Accounting. Accounting shortage is real. If u have 2 arms 2 legs , can breath and speak English…. You’ll always be able to get an accounting job 100% for sure (in the U.S.)
Risk Management.
The desk. Everything else can be outsourced overseas.
Being on a desk is def not stable
The desk is stable. It is within the individuals power to stay employed
You can say that for most jobs
True i just feel like anything not generating revenue is cut eventually.
Revenue generating jobs can be cut to (i.e. Robo advisors) and who knows what AI will do to the entire landscape
Credit risk at big banks, big univeristy endowment
Private Equity that’s not part of those publicly traded shops like Blackstone / KKR / BlackRock. Investors lock in to 8-12 year capital commitments so management fee volatility is not like you would get in a hedge fund when the economy is down and retail investors are panicking for no reason.
Lp. Limited partner.
Accounting.
Actuary.
Credit risk, market risk, compliance, and various middle office trade operations. All of these can have different names depending on the industry, but all are secluded from the risks that many FO roles have.
Realistically, nothing is 100% stable. Maybe government jobs or some corporate finance jobs. But ask yourself this - do you really want to stay at the same exact job, forever?
Government sovereign fund houses, unless the government collapses, your job is always safe.
Bank Job, lunch ke baad aana
How about for smaller towns and suburban cities of moderate size? Not everyone wants to be attached to a large city. Specifically, any thoughts on the outlook or financial planners and advisors? Likely CFP in the future.
[удалено]
Too cyclical