📚 Main Topics

1. Asset Management
2. Retail Banking
3. Private Equity
4. Equity Research
5. Corporate Finance
6. Compliance
7. Consulting
8. Bond Research
9. Hedge Funds
10. Investment Banking
11. Sales
12. Trading
13. Wealth Management

✨ Takeaways

• Asset ManagementHigh earning potential with average salaries above six figures after a few years of experience. Ranked A Tier.
• Retail BankingGenerally low compensation, but can serve as a stepping stone in finance careers. Ranked C Tier.
• Private EquityKnown for high compensation, often seen as prestigious. Ranked S Tier.
• Equity ResearchVaried roles with potential for high earnings after gaining experience. Ranked B Tier.
• Corporate FinanceTypically lower-paying unless reaching senior management levels. Ranked C Tier.
• ComplianceOften viewed unfavorably, with average salaries around $60,000 to $80,000. Ranked C Tier.
• ConsultingOffers a wide salary range, especially in top firms, leading to an A Tier ranking.
• Bond ResearchNiche role with decent pay, but may be at risk of automation. Ranked B Tier.
• Hedge FundsHigh earning potential, but average compensation is skewed by junior roles. Ranked A Tier.
• Investment BankingHigh salaries, especially at the VP level, but requires significant commitment. Ranked S Tier.
• SalesHighly variable income, with potential for high earnings based on performance. Ranked B Tier.
• TradingHigh-risk, high-reward role with variable income based on performance. Ranked A Tier.
• Wealth ManagementEvolving industry with better opportunities for new entrants compared to the past. Ranked B Tier.

🧠 Lessons

• Career ProgressionMany finance roles require years of experience to reach high earning potential, particularly in Investment Banking and Asset Management.
• Job VariabilityCompensation can vary significantly within roles, especially in Sales and Trading, where performance directly impacts earnings.
• Industry TrendsThe finance industry is evolving, with roles like Wealth Management becoming more accessible and potentially lucrative for newcomers.
• Job SatisfactionSome roles, like Compliance, may not be as glamorous but are essential for the functioning of financial institutions.
• Future ConsiderationsCertain roles, such as Bond Research, may face challenges from automation, suggesting the need for adaptability in career choices.