Finance-Careers.ppt

Banks investment banks and large institutional

This preview shows page 19 - 26 out of 26 pages.

banks, investment banks and large institutional investors) Equity and fixed income research (responsible for making buy or sell recommendations to investors about a stock or bond)
Image of page 19

Subscribe to view the full document.

Investment banking: salaries Job Level Salary Range Typical All-in Comp Prerequisites (degree.yrs experience) First Year Analyst $90K - 150K $125K Bachelor's Third Year Analyst $120K - 350K $165K Bachelor's First Year Associate $150K - 250K $180K MBA Third Year Associate $300 - 500K $350K MBA Vice President $350K - 1MM $500K 3-6 years Director / Principal $400K - 1.5MM $800K 5-10 years Managing Director / Partner $500K - 20 MM $1.3 MM 7-10 years Department head $800K - 70MM $3.5MM 10+ years Statistics as of 2010
Image of page 20
Money management: job options Portfolio Manager work for a money management firm or pension fund to select and manage investments which meet the goals of a group of investors Portfolio Management Marketing a sales position; requires putting together presentations for clients (working with the portfolio manager) Investment Advisory provide investment advice, performance evaluation and quantitative analysis to the money management sector Mutual Fund Analyst requires analysis whether the investment should be made
Image of page 21

Subscribe to view the full document.

Money management: salaries Dependent on performance of the fund Starting financial analysts with a bachelor’s degree $60,000 - $80,000 Portfolio managers at a state pension fund or bank trust dept: $90,000 - 180,000 private fund/asset management: $500,000 - 1,000,000
Image of page 22
Real estate: job options Residential real estate agent/broker independent sales professionals who contract their services to real estate brokers in exchange for commission sharing agreement (6%) Commercial real estate sales marketing office buildings, hotels, shopping centers, industrial sales Real estate appraisal providing estimates of property value and quality Property management negotiating leases, ensuring tenant satisfaction, that rent is paid and reflects market conditions Real estate advisory helping institutional investors select (by type, location etc.) and buy real estate and care for it Real estate entrepreneur buying properties in anticipation of value appreciation due to market conditions or renovations
Image of page 23

Subscribe to view the full document.

Real estate: salaries Position Median Salary Residential Property Manager $65,000 Residential Real Estate Agent $54,000 Financial Analyst in a Real Estate Company $60,000 Statistics as of 2009 Many property managers make over $100K and those responsible for shopping malls $120K, for office buildings - $150K; some agents make over $500K annually
Image of page 24
Image of page 25

Subscribe to view the full document.

Image of page 26
  • Fall '19
  • Financial services,  Work

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern