Peggy Said:

Is it worth taking an Investment Banking job with lower pay vs. a high-paying finance job in a conglomerate?

We Answered:

money isn't everything. to me, compensation is only part of the considerations in choosing a job, it's probably more like 3rd or 4th on the list. you should ask yourself, at which job will you learn more? then think a few steps ahead, will one job allow you to find an even better job after that? then ask what are you longer term goals, are you content being an employee of a big corporation and moving up their corporate structure or would you want to do something more entrepreneurial down the road? which of the two positions gives you the skills to achieve that goal. if you like the big corporations then your answer is obvious, go to the conglomerate, but it's common for a lot of ppl to use an investment banking job as a stepping stone to something else. in the end, pick the job that will maximize what you are learning.

Mike Said:

Investment banking jobs ?

We Answered:

Your adviser doesn't know what he is talking about. There are different divisions in an investment bank. Knowing rich people, I would place that under the category of asset management, which is a separate division. But rich people are the ones seeking the guys who know how to manage assets and advise on investments. Bankers typically work with companies and provide consultation and services for their needs, perform research, sales, risk analysis, etc. It's a broad field.