Tue. May 30th, 2023

Are there jobs in finance that dont require you to work extreme hours

Jobs in Finance That Don’t Require You to Work Extreme Hours

If you are looking for a career that does not require you to work extreme hours, there are a few alternatives. For instance, you can get a job in tech or finance, or work in the Big 4 or other industries. Some of these careers are creative, and involve building and selling. If you have financial planning or valuation skills, you can go into creative roles in media or the health industry.

Corporate banking

If you are looking for a career in finance, a corporate banking position may be a good choice. The role is essentially a sales position, with the main goals being to win and retain clients and increase revenue per client. Corporate banking is often split into two branches, Relationship Management and Business Development. While investment bankers focus on advising on mergers and acquisitions and other big transactions, corporate bankers focus more on debt deals with smaller fees.

While total compensation in corporate banking tends to be lower than in investment banking, employees often enjoy a good work-life balance. The hours are not as extreme, with most working fifty to sixty hours a week. At the highest levels, you can earn mid-six figures. However, compared to investment banking, corporate banking does not offer the same exit opportunities.

Corporate banking positions require strong analytical skills. This includes the ability to spot errors and anomalies. A $35 billion transaction could be ruined by a simple mistake, so sharp attention to detail is essential. This trait can help you avoid errors and prove your worth to the company.

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The typical day in banking starts around 10am. You will spend a lot of time researching, conducting interviews, and formatting PowerPoint slides. You may be surprised at how different the day is from the previous night. While the pay is similar, the hours are not as long as in investment banking.

A career in corporate banking is rewarding for those with the right temperament. Although banking is stressful, the financial rewards are unimaginable. Those with a good attitude can get ahead and enjoy the career without the stress of working extremely long hours. However, it’s important to be aware that the first five years are generally the toughest.

Investment banking

While many careers in finance require you to work extremely long hours, there are jobs that do not require you to be in the office for more than 40 hours a week. For example, you can work as a controller at a small company. These people are responsible for raising and managing a company’s cash, debt, and equity. They also work with banks to establish credit lines and issue bonds. In this role, you will be in constant communication with banks and will be responsible for balancing cash positions.

Although these jobs may offer lucrative rewards, they also have societal costs. Research has shown that up to 44% of high-earning professionals consider their work pace to be extreme. This means longer hours, increased responsibility, and increased pressure. While this may work well in the short term, it may not be the best option for your long-term health and productivity. Furthermore, these types of jobs also reduce the pool of real talent.

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Financial analysis

If you want to work in finance but don’t want to spend the entire day in an office, there are many different options for you. Some of the most lucrative positions are financial analysts. You can earn bonuses equal to or more than double your salary. After three to four years, you can progress to senior or associate financial analyst positions. After that, you can even choose to start your own financial consulting firm. However, you must understand that financial analysts often work long hours and adhere to strict deadlines.

Financial analysts are experts who analyze and predict financial performance. They perform market research, make financial decisions and prepare reports for their employers. As a financial analyst, you will have to do lots of reading and research to stay on top of industry trends and news. Financial analysts often work for banks, insurance companies, and consulting firms. They need to be extremely analytical and have a strong IT background.

However, this work environment comes with a cost – both to yourself and the company. According to a survey, 44% of high earners report feeling that they work at an “extreme pace.” This model may benefit a company in the short run, but it can put the company at risk in the long run. In addition, this style of working is eroding real talent.

If you’re looking for a job that doesn’t require you to work extreme hours, there are several options. For instance, a career in long-only equity asset management might not require you to put in long hours. You might also choose a low-turnover shop where you only add a handful of stocks each year.

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Jeffrey Augers
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By Jeffrey Augers

Jeffrey Augers is a highly skilled and experienced financial analyst with over 12 years of experience in the finance industry. He has a proven track record of delivering exceptional financial insights and recommendations to clients, empowering them to make informed decisions and achieve their financial goals. Jeffrey holds a Bachelor's degree in Finance from the University of Michigan, and an MBA from the Wharton School of Business.