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  #21  
Old 12-28-2017, 03:08 PM
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Is a VP-level position (I am an AVP now) so she likes the sector and title change.
VP vp? or vp?
There are thousands of VPs in each bank.
You become a VP after 5 yrs into the job.

What matters is partner or managing director in IB

If you're one of those regular vps, then expect to be at the same level as mid 20s guys who graduated from associate level bankers.
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  #22  
Old 12-28-2017, 03:09 PM
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I know actuarial folks disagree, but titles matter a great deal in the corporate non-actuarial environment.
I'd just find that work environment/lifestyle depressing.
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  #23  
Old 12-28-2017, 03:09 PM
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I honestly would go for it, for twice the money.

Even if you lose the job, with your title and experience, you could fall back to something.
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Old 12-28-2017, 03:41 PM
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I'd just find that work environment/lifestyle depressing.
Really think it comes down to his own interests in what he wants to do. From my perspective, if you're already at a respectable pay grade, you should move towards things that you want to do rather than trying to optimize compensation scenarios. As someone else pointed out... "What is it that you really want to do?" Search that out and layer it on top of the compensation piece, which should matter in situations where the swings are rather large.

This can be extended to work hours as well. Doing something you enjoy for 50 hours a week > 35 hours of randomly shuffling papers (although some will argue for the 15 additional hours they get).

-Riley
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Old 12-28-2017, 03:46 PM
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Really think it comes down to his own interests in what he wants to do. From my perspective, if you're already at a respectable pay grade, you should move towards things that you want to do rather than trying to optimize compensation scenarios. As someone else pointed out... "What is it that you really want to do?" Search that out and layer it on top of the compensation piece, which should matter in situations where the swings are rather large.

This can be extended to work hours as well. Doing something you enjoy for 50 hours a week > 35 hours of randomly shuffling papers (although some will argue for the 15 additional hours they get).

-Riley
I agree with this. Also, research is not respected much in IB.
If I recall, research is back office work. Front office jobs are where the real money and respect is at.
Bank working culture is also not that great.

If you're pretty happy with what you make, I wouldn't risk all that happiness for more bucks.
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Old 12-28-2017, 03:50 PM
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You need a British title like Managing Director or Queen Mum (not just on Fridays)
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Old 12-28-2017, 04:04 PM
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From my perspective, if you're already at a respectable pay grade, you should move towards things that you want to do rather than trying to optimize compensation scenarios.

-Riley
Have fun enjoying your life. We'll see who's laughing when I die with an extra cool million or two in my bank account.
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Old 12-28-2017, 04:05 PM
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Have fun enjoying your life. We'll see who's laughing when I die with an extra cool million or two in my bank account.
Cool million? Are you freezing your assets?

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  #29  
Old 12-28-2017, 04:12 PM
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Not a big fan of the research role, it's in decline generally, and new MiFID rules won't help. I wouldn't look at the current/past salaries as predictive.


3 "not as technically oriented" - similar to how Trump is "not as presidential" as Obama. I often see a job posting for "sell side equity research analyst" - all you need to do is pay attention to what's the first word, and what's the last, to know the priorities.
4 Job security - you've already worked as an actuary, not that hard to go back later if you want to, if that makes it better.
5 "sunk cost". Yes, there's an irrational/emotional component, but you'll get over that.


Honestly, wouldn't do it. JMO.
I have been looking at the Mifid II rules that are coming online next month as they would impact the role, but have yet to trudge through all the data.

If they are going to limit pay progression/job security, that is something I will have to factor in as well. Mostly going to be looking at the insurance sector as well, and give an actuarial opinion (most of the folks in research seem to be accountants by trade) on firms. More paper work and less analysis for the most part.
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Old 12-28-2017, 05:21 PM
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My wife and I will not be returning to the US anytime soon.

I may end up in Brazil. There are aa lot of opportunities there
Just to add to this: my wife and her family live very well in Rio which is an added bonus as the quality of life would be very high for us (think big house right in front of beach with maid/cook/butler) which is something that I found I like quite a bit.
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