People making over $150k, what is your profession and how many hours per week do you work?
I came across this question on another subreddit and thought it would be interesting to ask here, specifically in the context of finance.
I am interested in learning more about the paths to success in the field and would love to hear from those of you who are earning a salary of $150k or more. How long did it take you to reach this income level and what is your experience with work-life balance?
One response
There are a variety of paths within finance that can lead to individuals earning $150k or more. Some common roles in finance that typically command high salaries include investment banking, private equity, hedge fund management, corporate finance, financial analysis, portfolio management, and consulting.
In investment banking, individuals can work as analysts or associates and typically work long hours, often exceeding 60-80 hours per week. These roles usually require a high level of commitment and dedication, but can lead to lucrative salaries and potential for advancement.
Private equity and hedge fund management are other areas within finance that can offer high salaries, but also require long hours and a high level of expertise in financial markets and investments.
Corporate finance roles, such as CFOs or finance directors, can also lead to salaries of $150k or more, but typically require a strong background in Accounting, finance, and business management.
Financial analysts, portfolio managers, and consultants are also roles within finance that can provide high salaries, but may vary in terms of work hours and work-life balance.
In terms of reaching a salary of $150k or more in finance, it often depends on factors such as education, experience, industry specialization, and geographic location. Many individuals in finance may start out in entry-level positions and work their way up over time through gaining experience, networking, and continually developing their skills and knowledge.
In terms of work-life balance, the finance industry is known for long hours and high stress levels, especially in roles such as investment banking. However, work-life balance can vary depending on the specific role, company culture, and individual preferences. Some roles within finance may offer more flexibility in terms of hours and work arrangements, while others may require more demanding hours and continuous availability.
Overall, reaching a salary of $150k or more in finance typically requires hard work, dedication, and ongoing professional development. Individuals should consider their career goals, personal values, and work preferences when choosing a path within finance that aligns with their long-term aspirations.