<p>Okay i plan to go to Ut business school but not sure wut i wanna major it but i definetly wanna major in business, I"m extremley well at math and science and want a high paying job. Although investment banking pays ALOT of money i don't wanna have to work 80hr weeks and have no life. What other careers are there that make alot of money</p>
<p>ibanking 80 hour weeks? ibanking = 100+ hour weeks. just fyi.</p>
<p>Sales pays the best if your good at it. Also, consulting and accounting are pretty good.</p>
<p>Sales pays if you are really good but you don't need to go to business school for that. You probably don't even need a college education as well.</p>
<p>making a lot of money entails spending a LOT of time at doing so.</p>
<p>the one exception is starting your own business, which may take a lot of effort and risk, but once established you can set your own hours.</p>
<p>I average 60-hour weeks in consulting but am working this weekend, for example. in fact, once this FTP transfer is done, i'll be working till late. like Cypress Hill said, there's a lot of sacrifice it takes to make the cheese.</p>
<p>What about marketing? How many hours per week is that?</p>
<p>Curious, what do ibankers move on to after their 2? year stints in ibanking?
And what is it about the job that requires 100 hours/week instead of hiring another person?</p>
<p>
</p>
<p>The thing is if they can get away with paying one person's salary for doing two people's work, why wouldn't they do it?</p>
<p>Be an actuary. You won't get rich but it's relatively good money for regular hours.</p>
<p>
[quote]
The thing is if they can get away with paying one person's salary for doing two people's work, why wouldn't they do it?
[/quote]
I'm thinking there are plenty of ppl willing to work for half the salary and half the time?</p>
<p>
[quote]
Be an actuary. You won't get rich but it's relatively good money for regular hours.
[/quote]
A BS working in actuary can make over $100k after a few a years, at least from this 1 example I know of.</p>
<p>
</p>
<p>Well, you also need to factor in benefits and health insurance and stuff like that. Besides, why would you want to make half what you could make anyway? Just doesn't make sense to me. Before you got into it, you already made a conscious decision that you'd be okay with that kind of lifestyle. And apparently, there're people who are willing to do that.</p>
<p>From the employer's point of view, I would expect better work from someone working 8-10 hrs / day than from someone working more than 16 hours / day.</p>
<p>Also, what do ibankers do after they leave? I hear they typically ibank for 1-2 years?</p>
<p>But if you had to hire twice as many people, some of them wouldn't be as good at their jobs.</p>
<p>there's also the issue of getting someone to work on one thing consistently for 16 hours, 8am till past midnight. If you don't have familiarity with the subject matter, you're not going to get done what needs doing - so you can't exactly hand it off to the "2nd shift" guy.</p>
<p>
[quote]
Also, what do ibankers do after they leave? I hear they typically ibank for 1-2 years?
[/quote]
To answer half the question, when people graduate from college with a bachelors, they are typically hired by an investment bank as an Analyst. You might be in Sales & Trading, Corporate Finance (i.e. Mergers & Acquisitions), Asset Management, Trading support, etc. The point is, you're an analyst. Those stints tend to last 2-3 years, and after 2 years you'll probably either be promoted, asked to leave, or asked to go get an MBA (or asked to stay on for a 3rd year).</p>
<p>If promoted you'll be an Associate. If you go get an MBA, then investment banks (and consulting firms, etc) you interview with at B-school will be hiring you to start as an Associate. Of course, you may do something else with an MBA, or if asked to leave may switch industries and careers entirely. But if your goal is to remain in finance, that is the generalized path.</p>
<p>Bachelor's -> Analyst position -> Promoted to Associate
or
Bachelor's -> Analyst position -> get an MBA -> Hired again as an Associate</p>
<p>As to what ibankers do when they leave finance entirely, the answer is often to start their own companies, to join another industry in a management position - or in the finance department. Getting certified as an accountant helps with that, of course. Mostly, an analystship at an investment bank is a certification that you A) are reasonably smart and have good connections, and B) are willing to work DAMN hard. That appeals to a lot of companies out there.</p>
<p>hope that helps,
D</p>
<p>A career that is very business sexy that ought to be mentioned:</p>
<p>-Actuary</p>
<p>The actuarial exams are highly mathamatical and challenging and the career is not for the faint of heart. If you can crack the exams, then the options are great and so is the job mobility. They can work anywhere including insurance companies / business consulting firms / accounting giants / lately they are starting to work for banks (specializing in retirement and pension consulting / they even work for the Government. Down the road, experienced actuaries usually get into management.</p>
<p>Keep in mind there are many different kinds of actuaries. Consulting actuaries usually have the most intense workload and their job is very client-oriented (and not just number crunching). They are also usually very outgoing. The insurance sector has the most stable hours.</p>
<p>According to the Wall Street Journal; the actuarial profession has been ranked #2 when looking at a holistic measure of job satisfaction (pay/hours/stress/etc...).</p>
<p>
</p>
<p>What's #1?</p>
<p>If some of you are interested in being an actuary, I recommend visiting an excellent introductory site:</p>
<p><a href="http://www.beanactuary.org%5B/url%5D">www.beanactuary.org</a></p>
<p>One important thing I forgot to mention earlier. Any math or business oriented major will suffice for this job.</p>
<p>In order to get an entry-level job; only 1 exam is required (2 or more exams will obviously look even better. Technically, no exams are required but your chances of finding a job increase exponentially with each exam passed). It is rare to find a job without passing any actuarial exams but I have seen certain individuals at my university do it.</p>
<p>The first exam tests undergrad. level probability while the second exam tests financial mathematics. </p>
<p>Information on salary / exams / and all else can be found in the website I posted above.</p>
<p>According to that link, biologist is ranked #1 with highest job satisfaction, etc.? My dad's a biologist, not sure if I want to be my dad, though.</p>
<p>^ I'm guessing that's a general characteristic with more theoretical research. If you're interested in it, you get to do what you want at your own pace. You can't really set hard deadlines on theoretical research.</p>
<p>
[quote]
hope that helps,
D
[/quote]
Thanks Denzera! Are there also a lot of non-business students who get into that?</p>