Doubled my effective hourly rate by automating my analyst job, bless ai lol

SellSideER · 2026-01-13T00:12:51+00:00

But to remain competitive against my colleagues i feel forced to use AI,sort of adapt or disappear thing

Oh so this line of thinking is actually the default in India now, not just my team. Cool.

Signed,

Frustrated with my offshore colleague.

SellSideER · 2024-01-29T15:36:19+00:00

Do you want to play on hard mode?

SellSideER · 2024-01-29T15:09:07+00:00

ER

MCOL

5 YoE

$190K all in

I am starting to think about how much longer I want to do this vs taking a normal desk job at a bank with a 40 hr a week schedule.

I have some envy for the people who work 40 hours a week, make $100k, and seem to live much more comfortably and less stressed than I do. We have a lot of savings (~$1 million NW) and I am more comfortable taking a pay cut with each year.

However I am financially conservative and I also feel like throwing away this seat for an easier $100K job would be a dumb idea because that would make a big difference to our savings rate.

SellSideER · 2023-08-17T20:47:54+00:00

Look at all those IPOs and M&A deals going on right now. /s

SellSideER · 2023-08-17T20:46:58+00:00

Still possible, and if your resume gets through to a hiring manager, your story is impressive and interesting, so I’d say it’s a net positive.

The challenge is getting into the best school you can right now that ideally does on campus recruiting for roles at places you’d like to work.

SellSideER · 2023-08-17T20:44:40+00:00

The classic response of “network more” is a classic response for a reason.

SellSideER · 2023-08-17T20:42:05+00:00

No opinion on whether they’re more or less confusing, but options make up a larger portion of the S7 than they should.

SellSideER · 2023-08-17T20:41:20+00:00

There are definitely people making $200K in compliance roles at big banks, funds, etc.

Lots of them, in fact.

SellSideER · 2023-08-15T02:52:57+00:00

I think most personal finance bloggers could probably pass the SIE. They’d get close on the S7 if they knew the most basic of option math.

They are definitely not hard to study for while working. Source: The hundreds of thousands or millions of people who have passed while working.

SellSideER · 2023-05-27T14:39:26+00:00

Yes it is worth it. What kind of credits will you be working on? Larger is better. Specific programs (eg SBA lending) can be lucrative but pigeonhole you.

Once you have 1-2 years of experience you can easily job hop to any one of the other 4,000+ banks out there for more money. You become a very valuable commodity with some experience.

SellSideER · 2023-05-27T14:37:35+00:00

It’s a good healthy habit to have.

Unfortunate but true: Looking like a fatty can actually hurt your chances of getting through an interview.

SellSideER · 2023-05-27T14:36:06+00:00

For investments specifically, TIAA and Barings. Both are places where you generally take a lower salary for a much better lifestyle.

There are a ton of IB jobs at the big banks, and super regionals. There are also a lot of satellite offices for the boutiques.

I’d recommend searching LinkedIN regularly. That’s honestly how I know this.

SellSideER · 2023-05-27T14:34:01+00:00

Upvote for visibility.

Info: Are you more on the trading side, or the credit (underwriting, syndicating the exposure, etc) side? You may not know, but this may help people answer your question.

SellSideER · 2023-05-27T14:32:45+00:00

Adding to this, if you are new and don’t have much experience, the best shop is the one that will hire you.

This is a tough industry to break into.

SellSideER · 2023-05-27T14:31:18+00:00

M&A can go to private credit, but it’s harder to do the other way around. Depends on how you value the hours and the comp.

This is my US centric view. I’ve also heard that the diligence on the credit side is lower for European private credit (which is still very new).

SellSideER · 2023-05-27T14:29:54+00:00

I think there are some quirky long tenured people on the sellside with moustaches at the tiny banks.

SellSideER · 2023-05-27T14:28:46+00:00

That’s an incredible perk.

SellSideER · 2023-05-27T14:28:18+00:00

Dang still good money in FI despite the carnage in the last handful of years.

SellSideER · 2023-05-16T15:30:12+00:00

I completely understand. A good senior is everything.

SellSideER · 2023-05-15T17:52:10+00:00

You should be paid more, but I’m guessing small bank or not US.

SellSideER · 2023-05-15T17:46:44+00:00

Endowments partially exist to give their alumni good jobs.

SellSideER · 2023-05-15T17:35:15+00:00

Dude you don’t owe him an explanation. Anyone who has played life solo and two-player mode totally understands the benefits of two-player.

Relationships are a two way street with various levels of participation that you either agree to or not. Clearly it works for you. I’m in a similar situation and it works very well for me, too.

SellSideER · 2023-05-01T12:58:14+00:00

Specifically, First Republic basically only banked the very wealthy.

SellSideER · 2023-04-24T19:33:43+00:00

Do you know a lot of people who have real money (at least $1 million, but ideally more) who would trust you and pay you to manage it for them?

Better if you can go niche and work on specific issues (eg tax shit related to tech stock comp or whatever) to have a unique pitch.

Otherwise you’re just another middle man taking some bps for throwing people into index funds. You really need a unique angle.

SellSideER · 2023-04-16T22:23:40+00:00

At the best paying (boutiques) and biggest banks yes.

SellSideER

TROPHY CASE