<p>The way I understood it was that many MBA graduates tend to go into consulting and finance via investment banking. Usually the main factor in deciding the two is money, life style, and flexibility. There's more to finance than investment banking, but investment banking makes a lot of money, thus being one of the top choice within finance. I was wondering what other branches in finance besides ibanking do MBA graduates strive for to make a lot of money. I heard PE, Sales/Trading, hedge-funds are a few. Is there any more branches in finance that make A LOT of money (1/2 million - millions)? And how would they be rank salary-wise, and hours-wise? I don't know much about finance so any advice or information would be beneficial. Also, in consulting being a partner or even a director is when you start making bank, a position that reflects success and a level of accomplish. In investment banking is it when you have your own fund? I'm pretty confused in this finance/ibanking side of things.</p>
<p>Thanks again.</p>
<p>-kpsong87</p>
<p>Hi kpsong87.
Investment banking is not anymore the hottest job to land. The highest paying mba jobs today are the hedge fund and private equity firms. This Fortune article
[This</a> year’s highest paid MBAs - Fortune Management](<a href=“http://management.fortune.cnn.com/2010/12/27/the-year’s-highest-paid-mbas/]This”>http://management.fortune.cnn.com/2010/12/27/the-year’s-highest-paid-mbas/) provides more detail about the latest highest paying mba’s the jobs and the schools they graduated from. But even the highest paying jobs from the top schools won’t get 1/2 a million starting salary but close to it.</p>
<p>Another website to look at is [- eFinancialCareers](<a href=“http://www.efinancialcareers.com/”>http://www.efinancialcareers.com/</a>) which lists hundreds of finance jobs across many different industries and will give you a picture of the jobs available the requirments to land the job the definition of the job and the pay they offer.</p>
<p>To get this kind of pay you have to graduate from one of the best business schools in the top 3-5. This kind of information is readily available online as many folks like you want to know the same things so just type something like mba pay, highest paying mba jobs, etc. in Google and you will get plenty of helpful results.</p>
<p>I love the EfinancialCareers spamming. </p>
<p>You aren’t going to get into PE or a hedge fund without a couple years as an investment banking analyst (typically). Also, the type of career you go into depends on your tastes and also on the school you go to. A T10 school will allow maximum flexibility. Something in the T50 range will place you into corporate finance, but you will find breaking into banking or top tier consulting to be nearly impossible.</p>
<p>Have you visited efinancials there are thousands of finance related job listings. It’s the most popular place for listing finance jobs. Ther is no need to spam. Employers like JPMorgan Goldman Sachs and top recruiters post there. It would be like spamming Fortune magazine too.</p>
<p>I love that you jump on it the first sentence of you reply.</p>
<p>Thanks jack7678 and MSFHQsite. I appreciate the information.</p>
<p>I was wondering what was some of the major difference between PE/HF versus VC. I thought that VC and PE were very similar; however, I heard that lifestyle and the type of work is pretty different. In addition, it is difficult to transition from VC to PE/HF, unlike Ibanking, where candidates are able to transition pretty smoothly to PE/HF. I understand that VC is very small niche. How would you suggest entering VC firms? And I heard the pay is pretty enticing also.</p>
<p>Thanks again.</p>
<p>kpsong87</p>
<p>PE and VC are similar, but VC tends to invest earlier on than PE does. Different stages of a companies life. </p>
<p>I think PE is more standard. As in, 2 years banking >>>> PE. VC is different in the sense that you could work in a technical aspect and then go into VC or something. I think it is more about knowing the business and industry. Modeling has its place in VC, but VC is all about the potential of the business, not modeling out established cash flows. </p>
<p>@Jack – Your post reeked of advertisement.</p>
<p>There is a big difference between having a site and promoting a site. Go search my posts and see how often I feed people to my website. Furthermore, your advice was completely inaccurate. </p>
<p>If your posts wasn’t meant as spam, my bad and apologies. It came off as such.</p>
<p>MSFHQsite–</p>
<p>You are correct about VC. Many venture capitalists for the technology sector are scientists and/or engineers themselves. The reason is, since they invest in startups, they need to know the business EXTREMELY well. This is especially true for biotech investing.</p>