As someone who recently got a mid-$400k's in-house job with substantial experience at a v10 (5-7 yrs), there is a lot in this post I disagree with.Anonymous User wrote: ↑Sun May 15, 2022 5:20 pmThis is just totally wrong. If you go in-house to Apollo at $450k or JPM at $400k or whatever, your life will basically be 9-7 with some occasional nights/weekends. Massively different than 2400 at a v10 trying to make partner.Right2BearArms wrote: ↑Sun May 15, 2022 5:00 pm... I'm not sure where the "you should expect 400k+" is coming from. It is possible for sure, but (a) not likely, and (b) not available without materially similar hours/availably commitments as BL...
This is the same stupid mindset that "all law firms are the same" or that "they will only ever pay you $400k if they can work you to death."
There are absolutely in house jobs paying $400k+ with reasonable hours (and I should know, I have been offered quite a few, but prefer the higher law firm comp structure). To be competitive for those quality in-house jobs though, you need to have a strong resume, good command of your subject area, a go-getter personality, and the same depressing "all law jobs are terrible" victim mindset, where you think the only options in life are poverty or misery.
The dumbest part of all of this is I know 2nd year associates who have gone in house at $300k+ (think V5 Tax to in-house at IB, though with rough hours), so the idea that $400k for a 6th year is some sort of challenge is a joke.
First, saying off-handedly that it's possible to go in-house to JPM at $400k sounds like a big exaggeration to me. Before I accepted my job I had an offer from an elite bulge bracket bank with TC of $325k. Are people really getting $400k offers from banks? Would love to know what practice/background allows you to get that kind of $ at a bank.
Second, while I do agree that $400k+ jobs with reasonable hours are out there (because I was lucky enough to land one), saying "I've been offered quite a few" leaves the impression that there are dozens of those opportunities out there. That was not my experience in the job market - the job I have is the only one I encountered with that comp. Now perhaps when you say you've been offered "quite a few," you were offered all of the the 5-10 or so jobs out there right now in NYC with that comp. If so, then yes I can see how you'd think there are lots of these opportunities out there. (I'll be happy to admit I'm wrong if someone chimes in and tells me there really are a lot out there.)
Lastly, my big take away from my latest job hunt is that finding a job really is rolling the dice. So much luck plays into it. It's so easy to think you've got a crap resume and have a bad personality when you're not getting offers. It's also easy at the same time to think you're amazing and at the top of your field when you get several amazing offers. But really, so much of the job hunt is luck. Every time you send your resume out there, you're really just spinning the roulette wheel. So when that post ends with "it's a joke to think it's hard for a 6th year to get a $400k+ in-house job", I just roll my eyes.