Careers Career Paths within Finance There are several rewarding careers in financial services that we explain on this site. Entry level positions in all of these specializations are most easily accessible through an undergraduate degree specializing in Finance or Accounting or a select graduate program (a quantitative masters or an MBA), but realistically, we have seen employees in all fields having more esoteric educational backgrounds (although at a minimum, university degrees are required in today’s market). We have a nifty career cheat sheet here for ease of getting in (assuming a lateral and not from on-campus recruiting), compensation and where to get out – ranges are from confidential sources. For compensation, we offer the Canadian banking range. If the bank is a boutique, lop off anywhere up to 30% for base and bonus can go as low as zero (especially the commodity focused ones in bad years, but apparently even Deutsche Bank paid goose eggs not long ago). For bulge brackets and elite boutiques, add on up to 20% for base and bonus (keep in mind some global banks pay in USD on a 1:1 basis, which boosts the figure even more due to FX). Professional Interview Series Coffee Break with Alexander Dibelius, Managing Partner of CVC Capital PartnersInterview with: Big 5 Commercial Banking New Grad – Interest Rates, HoursInterview with: Big 5 Commercial Banking New Grad – Getting In, Training & Orientation, The RoleCoffee Break with Vincenzo Gazzaneo from Oxy CapitalInterview With A Mergers & Acquisitions Investment Banker – Part IIInterview with a Mergers & Acquisitions Investment Banker – Part IInterview with Sales & Trading Associate in Hong KongInterview with an Oil & Gas Investment Banker: Part IIIInterview with an Oil & Gas Investment Banker: Part IIInterview with an Oil & Gas Investment Banker: Part IInterview with: Loan Syndications Associate in Hong KongInterview with: Investment Banking Summer AnalystInterview with: Corporate Banking AssociateInterview with: Big 4 Corporate Finance VPInterview with: Real Estate Commercial Banking VPInterview with: Transfer Pricing VPInterview with: Private Debt AnalystInterview with: Treasury AnalystInterview with: Big 4 Transaction Advisory VPInterview with: Wealth Management AssociateInterview with: Foreign Exchange TraderInterview with: Renewables Investment BankerInterview with: Credit Rating Agency AnalystInterview with: Equity Research Associate CareerBase SalaryAverage BonusAverage All In SalaryPreferred CandidatesExit Opportunities Commercial Banking~$60,00010% - 20%$65,000New GradsCorporate Banking, Credit Corporate Banking$70,000 - $90,00025% - 60%$100,000New Grads, Commercial Banking, Investment Banking, AccountingInvestment Banking, Debt Capital Markets, Credit Funds, Sales Counterparty Credit~$70,00010% - 15%$80,000New Grads, Commercial BankingCredit Funds, Commercial Banking Credit Rating Agency~$50,00010% - 15%$55,000New GradsCorporates, Corporate Banking, Credit Funds Debt Capital Markets$70,000 - $90,00075% - 100%$150,000Corporate Banking, Syndications, Investment BankingInvestment Banking, Fixed Income Funds, Credit Funds, Rating Agencies Equity Capital Markets$70,000 - $90,00075% - 100%$150,000Investment BankingInvestment Banking, Equity Research, Equity Sales, Equity Funds Equity Research$70,000 - $90,000~50%$120,000New Grads, Equity Capital Markets, AccountingInvestment Banking, Corporate Banking, Asset Management, Hedge Funds Investment Banking$70,000 - $90,00075% - 125%$160,000New Grads, Corporate Banking, M&A, ECM, DCM, Equity Research, Private Equity, Transaction Advisory, AccountingPrivate Equity, Hedge Funds, Pension Funds, Corporate Development, Treasury, Investor Relations, Sales Management Consulting~$75,000~15%$85,000New Grads, Investment BankingHedge Funds, Private Equity, Corporates Mergers and Acquisitions$70,000 - $90,00075% - 125%$160,000New Grads, Investment BankingInvestment Banking, Private Equity Private Equity~$70,000~50%$105,000New Grads, Investment Banking, Mergers and Acquisitions, Management ConsultingCorporates Retail Banking~$30,000~10%$32,000Current Students, New GradsAsset Management, Retail Brokerages Risk Management~$60,000~15%$70,000New GradsSales and Trading Sales & Trading$70,000 - $90,00035% - 65%$120,000New Grads, Risk ManagementInvestment Banking, Hedge Funds, Asset Management Syndications$70,000 - $90,00040% - 60%$100,000Commercial Banking, Corporate Banking, Investment Banking, AccountingDebt Capital Markets, Corporate Banking, Credit Funds Share on Facebook Share Share on TwitterTweet Share on LinkedIn Share Print Print