<p>Are there any business jobs on Wall Street/in NYC that pay decently and don't require EXTREMELY long hours? Or is everything good like IB where you work 100-hour weeks?</p>
<p>…no…</p>
<p>^care to elaborate?</p>
<p>I know, for instance, that it is possible to make it into an HF out of undergrad…</p>
<p>It depends on which salary is decent for you. What do you personally expect to earn out of college?</p>
<p>60 000+ ?</p>
<p>You can probably work as a financial analyst, or as an accountant at the big 4. They both start out at 55-60k range in New York, but you will have to work about 60-80 hours per week. (not all the time, for it depends on a season) Also, you mentioned IB, yet they don’t work 100 hours, probably 70-80, and make the most.</p>
<p>Let me expand ( I was thinking you meant more in the 100K territory)</p>
<p>HF/VC/PE: Long hours, very lucrative (way more than 60K) but nearly impossible to get into even with the best grades at the best schools. The Tigers and Kobes of the finance world get in right away. The rest hope to get in after experience in IB or Consulting.</p>
<p>IB/Consulting: same hours lots of $$ but not as much as the jobs above, hard to break as undergrad unless you go to a top school, pretty good grades, connections, etc</p>
<p>Accountants/financial analysts work a little less (60hrs) and make 55K-60K within 2 years, maybe even right out of college in cities like NYC</p>
<p>@Tosh- I thought analysts at IB/Consulting worked up to 100 hrs. The MBA associates work 70-80hrs.</p>
<p>I see you go to Wharton, which gives you an advantage. The tippy-top Wharton students (GPA of 3.7-4.0) usually come out gunning for HF/PE jobs straight out of undergrad. However, it’s still not going to be easy. But, like I said, you have an advantage; use it.</p>
<p>Thanks guys for your input thus far!</p>
<p>@Lobzz: I start at Wharton this fall, so I will try to maintain a GPA in that range. I guess I’m thinking pretty far ahead, but hey - aren’t all Wharton students? HF and PE appeal to me, I’m just curious as to how many hours a typical rookie in either of these fields would have to work (I know it probably varies, but maybe there’s an avg.)?</p>
<p>And don’t get me wrong, I realize that to make relatively big $ out of college, one has to work pretty damn hard. But I still want a job with decent work/life balance, otherwise there’s no time to enjoy the $ (or anyone to enjoy it with).</p>
<p>What do people think of consulting?</p>
<p>Consulting, hahaha. Always on the road, equally long hours. I was q consultant, husband a banker.</p>
<p>My husband and I faced what you are now looking at. You need a strategy you can live with. Ours was to work hard and get out young. It worked for us. By mid 40s we could choose whaever lifestyle we liked.</p>
<p>Trading is better hours but lots of sleepless nights. Start your own company that won’t always require you. Lots of ways to be successful, but they all require something painful unless you’re extremely lucky!</p>
<p>Well, 60-100 hour work-weeks are to be expected.</p>
<p>@2college2college: I’ve heard that a consultant works 12 hours/day on average.</p>
<p>[Consulting</a> vs Banking – the 5 biggest differences between bankers and consultants](<a href=“http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/]Consulting”>http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/)</p>
<p>That’s much better than banking.</p>
<p>Consultants travel more, it eats many, many hours. When I was in town hours were better than a banker’s. It’s about equal IMO in the end.</p>
<p>Hmm…Point taken 2college. But it depends on the firm, doesn’t it?</p>
<p>white collar slavery lol</p>
<p>entry level consultants make about 60K. 60K at an average of 90 hours a week is just over 13 dollars an hour. Ibankers make a base of 60K. Even if they make a decent bonus their compensation would be about 15-18 an hour assuming an average of 90 hrs/wk.</p>
<p>Finance jobs with less hours? If you’re up for it, I would say Operations, Compliance, or any other back office non-programming jobs at the BBs. Although, I’m not sure if I could call those humane…</p>
<p>^^ From everything I’ve heard, I don’t think consultants avg. at 90 hrs./wk</p>
<p>Trading has better hours than IB. First year analysts at one bank just got $10k bonus and $10k increase in base to $80k/yr. Not bad 6 months out of school.</p>
<p>^Not bad?! Any 21-year-old who complains about making close to 7K a month is deranged.</p>