| Topic Name: |
The highest-paying. |
| Message Name: |
All-time Moneymaker! |
| Date Posted: |
03/14/2001 |
| In Reply To: |
The whole arena of I-Banking is definitely the highest paying industry overall. In Sales & Trading you work great hours and great money if you're good. Corporate Finance and M&A people are very highly compensated, but must practically give up their life to get their paycheck. Private Client Services (PCS) is selling to High Net Worth individuals. The pay is also great and you get to have a life and meet some really cool people (literally CEOs, professional athletes, tv/movie stars, etc.).
I'm surprised that nobody mentioned private equity as a career (venture capital and LBO shops). It is probably the most prestigious industry and could be the highest paying as well. The problem is that it is very difficult to get into (even if you are a Harvard MBA with a 4.0). Coming out of undergrad it is not such a great option however. You will learn more and have better opportuities if you start out at an investment bank. Most people in private equity came from I-Banking or consulting some time after doing their MBA.
Hedge fund management can also be a place where you can make tons of money.
Consulting is also a lucrative career option. There is a lot of travel involved most of the time.
Look, you have plenty of time to decide, don't worry about it too much. Just keep up your grades in college and you will have plenty of options.
Associate, Lehman Brothers PCS |
| Message: |
Private equity and venture capital is definitely the fastest route to substantial wealth creation. There is a reason why thousands of I-bankers and consultants want to make the shift. The hours tend to be better than in I-banking and at the end of the day (year), the compensation is by far superior to any job, especially if you work for a tier 1 PE/VC shop. You can virtually earn shitloads of money. It comes as no surprise that this also happens to be the most selective industry of all. You have to be a superstar in whatever you have done to date to be admitted into this field of which the most prestigious companies are KKR, TPG, Blackstone, Warburg Pincus, Apollo, CDR and Bain Capital. Good luck! You need it!
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