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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.
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
Some relevant videos you may be interested in related to this video! ► Top 10 Highest Paying Jobs out of College - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-XkwLeKqKMKY.html ► How Buy-Side Investors Create Value - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-U2JPCWMY_J8.html ► A Guide to Hedge Funds - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-fh84yDnNMLE.html ► What It's Like Working at Apple - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2Gn6Z0RRKUQ.html ► A Beginner's Guide to the Buy Side - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-sZiVEC5-o0w.html
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.
Yea, but the growth potential of Finance is bar none. That RU-vidr better hope he stays relevant. If you understand the markets in finance and make it your craft, you not only will make a lot from investments, but you will have the tools to intuit the underlying economics of businesses to create your own cash flows. Also, to many people, being a RU-vidr is one step above calling yourself an influencer. You're not serious people, though the money might be really good if you are in the top few percentiles.
@@user-bq8ei4cb5w Ironically, the Wharton grad that makes these videos decided to choose RU-vid over a pure finance career. lol. Also, you don't/shouldn't care about other peoples opinions about what you do.
@@jackreacher4547 Your grad school is irrelevant in comparison to experience and a proven history. Most wealth creation is concentrated in the top 10% of those in finance. You need to be very creative with advanced problem solving and pattern recognition skills. Combined with certain mathematical and machine learning skills. But the intuition is most important. You cannot teach that. RU-vid is for those who want to be content creators. Nothing wrong with that, but you aren't on the same level of prestige nor potential as someone at the upper echelons of finance. The rest is cope
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.
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
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.
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.
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.
As a commercial banker, I don't really think 25 year olds are making 70-80k. The issue is your bonus and incentive comp comes in after you're an RM, and that generally happens at 25. ChatGPT definitely has it wrong, 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
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.
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
Dude, I like your videos and am watching you since a long time, but this video isnt good at all. You as someone with so many connections and exclusive insights in this amazing industry could have given info on daily tasks, typical cultures and types of people who work there, showing possible challenges & personal growth opportunities for the viewer. Please continue with HQ Content, you're better than that.
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
