Hi all. Wanted to get some views from ppl in the business on career path-ing.
Bit about me, I was an accountant, went to a shitty grad school, lucked out by breaking into BB (lower tier) ER and have been at it for about 5ish years give or take. Money is decent (~250 all in) but hours are crappy. I have the general worries of MiFID and fee pressure taking away even the money bit. I wouldn't see myself as having a shot at coverage for at least the next two years due to the specific situation / firm i'm in and that's assuming the environment doesn't get materially worse from here.
A friend of mine in industry is recruiting for a role (also based in NYC) and without getting into details since I don't want to out myself, the job would be super easy (punchin, punchout 40 hours a week and not a second longer) but comp would take a massive hit (all-in i'd only make ~150, probably a little less) but this is offset by good benefits and extremely high job security (business is pretty uncorrelated with general economic cycle); wouldn't really have any exit options but sticking it out as a lifer is a realistic option unlike my current job.
I guess to sum it up, what do you guys think - would you quit your ER gig for the career version of a AAA corporate bond that pays 150k + COL adj for the rest of your life? If not, how much would you guys want?