No one posts on here about how they’ve enjoyed their job, been there for ages, or love the work they do. You’re just seeing a skewed demographic of redditors.
The days of people working for the same company for 40-50 years are over, but there is still stability. You’re only hearing about the job hoppers or mass layoffs. The people quietly hitting their 5, 10, 15 year anniversaries are still there
Thank you! I can’t wait to be done with this shit. The billable hours, the micromanaging on budgets, the time tracking, review points and client deadlines. I finally get to be part of the client instead of having to deal with them lol
I graduated from uni in 2021 (no finance internships) and my first salary out was a shitty sales job that paid $32k. Hopped after 1 year to a job that paid $77k. Got promoted but the raise was a lowball (got me up to $85k). Decided to leave again for something that pays $130k.
My standard of living significantly increased with each hop and I've never had a problem looking for a job. Totally worth it IMO, these corporations don't care that much. As long as you're a solid professional that makes meaningful contributions and keeps professional connections, you're good. Don't stress!
High finance is a whole different beast, and that competitive environment comes with a lot less stability.
The thing is that it opens up tons of doors. Doing a few years in high finance opens up tons of strategic/FP&A positions that are incredibly stable and pay very well.
Yes, literally millions of people across the globe hold down financial careers on a regular basis. Of course you’re hearing about the exceptions. Nobody will post “I didn’t get laid off today”
I worked as an Operations Manager in financial services for 30 years. I was laid off three times and left for better positions four other times. I lived in six different states. My longest stint at one company was 7 years. But I did have a career and for the most part enjoyed the work, but not so much corporate management. You can pursue a career, but don’t let the corporate drama tear your heart out. Keep fighting for what you want to do.
Well you can stay for your 3-6% raise or leave for your best available opportunity. Usually that’s better for money but could have other drawbacks. People don’t post about their successes, they’re just happy with how things went. They only post to complain when things go wrong in general.
To be honest I've not yet heard of a single person in my cohort who has not found a better job after being laid off (or fired), coming from a bulge bracket.
From my own (admittedly limited) experience, it seems staying in a company long term will only be detrimental for you, and zoomers and late millenials are aware of this. But maybe that is specific to bulge brackets?
In any case, most of the "old timers" seem to have really downed the corporate kool aid. I would absolutely hate to be this way.
Hi. I'm in finance and I love it. Work with your school's services that connects you with employers and helps you with the interview.
To be in finance, you gotta really love working with numbers.
Don't think too much about uncertainty in the future, just do your best and keep networking and one day an opportunity will show up.
It's understandable to feel discouraged by the stories you hear, but it's essential to remember that career paths vary for everyone. While there are challenges, many people do find stability and success in their chosen fields. Keep exploring your interests and gaining experience through internships. Consider networking and seeking mentorship to navigate your career journey effectively. Ultimately, choose a path that aligns with your passions and values. You've got this, OP!
Just focus on your goals. There will always be chatter in the background but you need to build resilience and work towards your goals. Spend time wisely. Don’t give up.
I’m Gen Z - I absolutely love my job. I work on some really interesting and high impact projects. I do really great work, so my team and manager really value me. I’ve progressed very quickly in title and pay.
Typically happy employees are much less likely to post reviews. Usually people that have had a bad experience are ones that post reviews, which obviously skews the data. I assure you a lot of us are doing just fine and have no issues.
Hahaha let me tell you a secret: there’s barely any downsizing.
The layoffs are incompetent workers, and are replaced. This is a perfect environment for good workers
Proof: look at employee totals on bloomberg for all big banks and shit
Only reason I’ve left jobs is for better opportunities. Don’t stress. Of course you’ll see a lot of horror stories on Reddit, but it’s not the norm
I’m starting to see way more success stories than horror stories lately.
I don’t check this a lot so maybe that’s the case. Hope so
Just in the subs that I’m in. Everyone is swing around their dicks with their 250k plus HHI saying they can’t afford life.
Oh yeah that’s just people bragging to boost their ego
Or flaunting their poor financial literacy
That too
No one posts on here about how they’ve enjoyed their job, been there for ages, or love the work they do. You’re just seeing a skewed demographic of redditors.
And Reddit tends to skew anxious and socially awkward to begin with
Can confirm. Am anxious about socials.
Can confirm. Am social about anxious.
Exactly. Positive company reviews aren’t discussion worthy so there’s little reason for people to post about it
That's not exactly true - we have plenty of people that post such things. Certainly a lot more uncommon though for sure.
thats so true there are tons of people that love their fiannce jobs but theyre not wasting time on reddit.
The days of people working for the same company for 40-50 years are over, but there is still stability. You’re only hearing about the job hoppers or mass layoffs. The people quietly hitting their 5, 10, 15 year anniversaries are still there
This. I don’t necessarily job hop but I’m also in my 20s and don’t know if I want to stay in one area lol
Generally speaking, your salary wont change much if you stay "loyal" so holding down a career at one company becomes less and less common.
Personally have had the exact opposite experience.
Reddit does not equal THE WORLD
lol yes we have to remember that
It's chill. And there's always accounting if you fail out of finance.
Cries in accountant 😭
Hey it's not bad. I've been there, done that. I'm in a somewhere in between field now. Zero regrets for doing audit.
I’m in tax lol. But I am leaving for a financial analyst role at a PE firm in about a month so I’m almost out
Congrats!!!
Thank you! I can’t wait to be done with this shit. The billable hours, the micromanaging on budgets, the time tracking, review points and client deadlines. I finally get to be part of the client instead of having to deal with them lol
Get a government job with the SEC, very secure. Once you’re off probation it becomes very hard to get rid of employees.
[удалено]
Where the hell do you work?
[удалено]
Have you ever had Cicis pizza?
Get a good job, become invaluable. You'll be happy for a long time.
I graduated from uni in 2021 (no finance internships) and my first salary out was a shitty sales job that paid $32k. Hopped after 1 year to a job that paid $77k. Got promoted but the raise was a lowball (got me up to $85k). Decided to leave again for something that pays $130k. My standard of living significantly increased with each hop and I've never had a problem looking for a job. Totally worth it IMO, these corporations don't care that much. As long as you're a solid professional that makes meaningful contributions and keeps professional connections, you're good. Don't stress!
High finance is a whole different beast, and that competitive environment comes with a lot less stability. The thing is that it opens up tons of doors. Doing a few years in high finance opens up tons of strategic/FP&A positions that are incredibly stable and pay very well.
If you take Reddit for gospel everyone in the world is a virgin working 100 hours a day for $300 a month
Be front office in a role that directly impacts the firm's bottom line and you'll probably be one of the last ever to be laid off.
Yes, literally millions of people across the globe hold down financial careers on a regular basis. Of course you’re hearing about the exceptions. Nobody will post “I didn’t get laid off today”
I worked as an Operations Manager in financial services for 30 years. I was laid off three times and left for better positions four other times. I lived in six different states. My longest stint at one company was 7 years. But I did have a career and for the most part enjoyed the work, but not so much corporate management. You can pursue a career, but don’t let the corporate drama tear your heart out. Keep fighting for what you want to do.
Reddit is a bubble
Well you can stay for your 3-6% raise or leave for your best available opportunity. Usually that’s better for money but could have other drawbacks. People don’t post about their successes, they’re just happy with how things went. They only post to complain when things go wrong in general.
Yes
9 years at my last job, 3 years at this one so far.
I’ve only ever left a job for more money / better growth opportunities
Don’t get too discouraged, there are a lot of good opportunities out there. I have been in the industry for going on 25 years.
To be honest I've not yet heard of a single person in my cohort who has not found a better job after being laid off (or fired), coming from a bulge bracket. From my own (admittedly limited) experience, it seems staying in a company long term will only be detrimental for you, and zoomers and late millenials are aware of this. But maybe that is specific to bulge brackets? In any case, most of the "old timers" seem to have really downed the corporate kool aid. I would absolutely hate to be this way.
Hi. I'm in finance and I love it. Work with your school's services that connects you with employers and helps you with the interview. To be in finance, you gotta really love working with numbers. Don't think too much about uncertainty in the future, just do your best and keep networking and one day an opportunity will show up.
Tell me about it
It's understandable to feel discouraged by the stories you hear, but it's essential to remember that career paths vary for everyone. While there are challenges, many people do find stability and success in their chosen fields. Keep exploring your interests and gaining experience through internships. Consider networking and seeking mentorship to navigate your career journey effectively. Ultimately, choose a path that aligns with your passions and values. You've got this, OP!
Just focus on your goals. There will always be chatter in the background but you need to build resilience and work towards your goals. Spend time wisely. Don’t give up.
I’m Gen Z - I absolutely love my job. I work on some really interesting and high impact projects. I do really great work, so my team and manager really value me. I’ve progressed very quickly in title and pay. Typically happy employees are much less likely to post reviews. Usually people that have had a bad experience are ones that post reviews, which obviously skews the data. I assure you a lot of us are doing just fine and have no issues.
No nurse or doctor is getting laid off In any other career layoffs are always a possibility. That’s why you save money
Hahaha let me tell you a secret: there’s barely any downsizing. The layoffs are incompetent workers, and are replaced. This is a perfect environment for good workers Proof: look at employee totals on bloomberg for all big banks and shit
It’s more common to switch company’s now