In the traditional finance world (excludes quantitative finance) there are a lot of career paths available. I have tried to cover the basic paths however you should know that people with finance backgrounds have ended up in all different types of jobs.
Understanding what is required to get to specific careers is important as some paths require different degrees and experiences. These increase the costs associated with these paths and should be considered when reviewing compensation and job responsibilities.
1) Private Equity (Usually investment banking experience is required)
2) Hedge Fund (Usually investment banking experience is required)
3) Investment Banking (Undergrad required)
4) Wealth Management (Undergrad required)
5) Corporate Finance (Undergrad required)
6) Technology Jobs (Non-coding jobs and undergrad required)
7) Consulting (Undergrad required)
8) Business Development/Sales (Undergrad required)
9) If you work hard you could end up in more quantitative jobs such as operational research but usually more quantitative course work or experience is required.
Why We Quit Investment Banking ($100,000+ Salary):
https://youtu.be/R4ibMt0kQiw
Private Equity Compensation:
https://www.wallstreetoasis.com/salary/private-equity-compensation
Hedge Fund Compensation:
https://www.wallstreetoasis.com/2017-hedge-fund-report-8-key-takeaways
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