What are some of the most lucrative finance jobs for young guys (mid-20s) who are willing to relocate to anywhere on the planet? Assume pretty average skillset across the board. Thoughts?
Get into sales. A lot of people wash out fast but that’s where the quick money is.
organized crime. work for your uncle Luigi
What about becoming a commodities trader or something?
drug trafficking, money laundering…
Another vote for sales. Statistically speaking, you won’t make it beyond a year or two. But, if you thrive you can make a lot of money. Why get into some corporate job where all you can do is *hope* that your efforts will translate into that big bonus/salary increase at the end of the year? Work in sales and know that if you sell X you’ll make $Y.
How does sales work? You get a phone, some “hot” ideas from your research department & a list of people to call, … and you just hammer away at it? Who would take your call?
Could you be more specific regarding what type of sales position and the geographic location? Thx
“I used to be a salesman (takes a drink of burbon), it’s a tuff racket.”
Real Estate. I’m not trying to demean anyone here, but broadly speaking a career in real estate is the best way for someone with average skills to build wealth. Also narrow down the sales idea - lots of people here are basically talking about being a stockbroker. Lucrative, perhaps. Crappy, for sure. But something like C&I insurance or property brokerage is a better place to be from a risk/reward perspective.
Glengarry GlenRoss references aside, I used to work in sales analytics and 30% of our new hires were gone within 12 months, both due to firings and quitting because they weren’t earning as expected yet still working 60+ hours/week.
NakedPuts Wrote: ------------------------------------------------------- > Real Estate. I’m not trying to demean anyone > here, but broadly speaking a career in real estate > is the best way for someone with average skills to > build wealth. > > Also narrow down the sales idea - lots of people > here are basically talking about being a > stockbroker. Lucrative, perhaps. Crappy, for > sure. But something like C&I insurance or > property brokerage is a better place to be from a > risk/reward perspective. i agree 100% with NakedPuts…lots of average people can make it in real estate because they are constsantly dealing with customers of below-average intellect
That’s because the median is substantially lower than the mean, right? On the $$$ question, the basic principle is that people will pay money to make money, that’s why asset management is fairly well paid. That’s why good sales people are golden. The closer you are to the value generation process, the more money you command. And that means you either find people to buy your product, or you become an indispensible part of what makes the product attractive (such as generating good returns).
IB and Management Consulting (the big names: McKinsey…Boston).
“IB and Management Consulting (the big names: McKinsey…Boston).” Yes, I believe all their recruitment materials have “Assume pretty average skillset across the board.” prominently displayed in large bold font.
You can be a chartered designation collector (CDC) and then apply for a level-entry job in a back-office ($30K-$35K in metro areas) and work your way up. Oops … must have hit a nerve here – sorry just rambling about the 41492482432492x career posts these days
Yeah, I agree with the real estate comments. I was on the lower end of intelligence when I was in finance and am on the upper end of intelligence in the real estate industry. Stuff like short sales, flipping in good markets, development, sales brokerage, mortgage brokerage…just HUGE sums of money in this. As I mentioned a few weeks ago, my close friend is a 24-year-old college dropout who is putting away $300,000 per year (on pace in 2008) and has made more than $100k each year since he was 19 doing it.
Turkish Wrote: ------------------------------------------------------- > “IB and Management Consulting (the big names: > McKinsey…Boston).” > > Yes, I believe all their recruitment materials > have “Assume pretty average skillset across the > board.” prominently displayed in large bold font. True…forgot about that part…
average skillset? lucrative finance job? gimme a break, there is no such thing as a free lunch (unless youre well connected or lucky). Also, I think people on this board give successful sales people too little credit. bryant Wrote: ------------------------------------------------------- > What are some of the most lucrative finance jobs > for young guys (mid-20s) who are willing to > relocate to anywhere on the planet? Assume pretty > average skillset across the board. Thoughts?
“gimme a break, there is no such thing as a free lunch (unless youre well connected or lucky).” ok, so there is or isn’t such thing, I’m confused…forgive me, there’s a sales-aspect to my job.