Law vs investment banking salary

Corporate law follows a similar schedule, with long hours and a lot of weekend work. First, you actually have it backwards, if you start in banking and realize you prefer law, then it’s easier to transition from banking to law. Do you want to be an oral argument lawyer ie courts and tribunals , advice writing lawyer or execution lawyer? Having re-read my post, there isn’t an actual question. I can tell you that you should avoid law school like bubonic plague.

Stock and Deferred Compensation

If you’re new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly updates so that you can break into investment banking. Thanks for visiting! Beyond the Analyst and Associate levels, the stub bonus goes away because everyone works on a calendar-year basis from the start. Base salaries and bonuses increase substantially as you become more senior, but large portions of your bonus will be in stock and deferred compensation — at least if you work at a bulge-bracket bank. It depends on the bank and deal type.

Because these career paths draw from the same broad talent pool, many students face initial difficulty choosing between the two. On one hand, investment banking requires fewer years of school, which, for many students, translates to less student debt. On the other hand, law is a broader field, and the paths available to young attorneys are greater in number than those for investment bankers. Investment banking has fewer hard-and-fast educational requirements. Most firms, however, require, at a minimum, a four-year degree. Investment banks recruit almost exclusively from top-rated universities, such as Ivy League schools and the University of Chicago.

Investment Banking SALARY & BONUSES For ANALYST — 2019

So the problem I’m having is this: I can’t decide whether I should be applying for law or banking job. Please refer to our full privacy policy. Basically, because of my modest grades 4. Do you think this is a good idea? Aliz Kardos March 1, Client roster is ok. So you need to know accounting, valuation, and transaction modeling before you contact. Andy May 21, Deciding to pursue a law degree can be a major investment and pursuing investment banking is a serious time commitment so you should be sure to well understand both career paths before deciding law vs investment banking salary you want to pursue. If you start in law first, it’s an uphill battle to convince folks why you now want to do banking. Is this common with lawyers interviewing at banks?