Careers Performance-related pay

Performance-related pay

  • This topic has 6 replies, 2 voices, and was last updated Mar-18 by Mix.
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    • Mix
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      Hi guys,

      I just wanted to ask, what jobs in finance pay for performance?

      I’m currently studying for Level 1 and stuck in accounting. My salary is fixed and I find it very boring, I want to get paid for actual work done.

      Thanks!

    • samsamsam
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      Hey Mix, here are my 2 cents:
      1st I think there is a difference between actual work done and performance. 
      If you literally want to be paid for your actual work done, at least at a junior level, I think M&A is a good way to go. Work hard and you will be paid well until you reach Director level. 
      If you want to be paid regarding your performance I think there are mainly 2 types of job:
      – hunter: increase bank / Asset Manager AuM (Sales, private banker jobs) and for consulting it is about generating deals (M&A levFin etc…)
      – farmer: portfolio manager, HF manager (salary related to the actual performance of your portfolio)

      Hope it helps 😉

    • Mix
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      Thank you, a lot of useful info here!

      I think HF/portfolio manager is not an option at the early stage, but maybe you could tell what are the entry M&A and consulting job titles that I should look for?
      As for consulting, to me it looks like a very broad field… where do investment consultants work? I just want to apply knowledge I gain by studying for CFA exams (and qualified work experience).

    • samsamsam
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      You re welcome Mix! If you are a fresh graduate you should look for Analyst roles. If you already have a few years of experience in a related field (Audit, Transaction Services for instance) you should try to apply for Associate roles. Consulting is very broad it is like saying Finance. If you are interested by consulting and want to later move into M&A or any IBD role, I think you should aim strategic consulting (very competitive) or corporate finance / M&A roles in Audit firms (more accessible). 

    • Mix
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      Thanks!

      I graduated last summer and currently work as an accountant. Actually, I fon’t like it very much, I interested in investments, that’s why I started the CFA program.

      I believe I should look for something related to investment advisory or research…

    • samsamsam
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      Hey Mix,

      If you work as an accountant I think you should try to move into a Transaction Service / Corporate Finance department. Your experience should be very valuable to move into numerous roles requiring valuation skills (M&A, ER…)

    • Mix
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      Hi,
      The only thing is that I actually don’t like accounting 🙂 I never liked it during my studies… I applied for this job to have some finance-related experience, while studying for the level 1 exam.

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