Latest news with #StevenMenking
Hindustan Times
8 hours ago
- Business
- Hindustan Times
Wall Street trader ditches high-paying job, now teaches children for ₹86,000 an hour
A former Wall Street trader has revealed that he chose to let go of his high-stakes job to take up tutoring from home, making over $1,000 or ₹ 86,650 per hour. Talking to CNBC Make It, Steven Menking revealed how he reinvented his career with one-on-one tutoring after feeling burnt out at his old job. He swapped his six-figure job for a more flexible and fulfilling career in education.(Instagram/menkingtutoring) Menking said that his New York-based job drained him, and he quit it in 2014 to find something new. He swapped his six-figure job for a more flexible and fulfilling career in education. Now, he works 20–25 hours a week tutoring students to help them overcome academic issuesand giving career advice. While he started by charging $50–$100 an hour for his guidance, he slowly increased the rates and modified his work life to be as flexible as he liked. 'I partnered with agencies in New York, then focused on channels where I could increase my rates over time,' he told CNBC Make It. 'It takes a radical commitment' However, he also revealed that his decision was difficult not just because of the financial setback he initially faced but also because he was scrutinised due to societal expectations. 'I had to let go of thinking: 'I'm a finance guy, so I should get another finance job. It takes a radical commitment to pursue something that fulfils you, regardless of what family, friends or former colleagues might think," he said. Now, over a decade into his new career, Menking has shared his valuable advice to those looking to reinvent themselves. "Stop chasing validation through job titles. Take a hard look at what truly energises you. Do your due diligence, understand your worth, and give yourself the freedom to explore. It takes courage to start from scratch. In addition to creating something entirely new for yourself, you have to reconsider what you thought your future life would look like. But to be able to pursue work that really fulfils you, I find that it's all worth it,' he said.
Mint
9 hours ago
- Business
- Mint
Man quits 6-figure Wall Street job, finds success as ₹86,000/hour online tutor
In a striking example of career reinvention, former Wall Street trader Steven Menking has swapped high-stakes equities trading for one-on-one tutoring—and now earns up to $1,000 (approximately ₹ 86,800) per hour working from home. Speaking to CNBC Make It, the New York-based professional shared that he made the transition in 2014 after burning out from the relentless pace of finance. 'I was drained by the lifestyle,' he said, reflecting on his decision to pivot from a six-figure job on the trading floor to a more flexible and personally fulfilling career in education. Today, Menking works 20–25 hours a week tutoring students and young professionals, guiding them through academic challenges and early career decisions. Initially charging $50–$100 an hour, he gradually scaled up his rates by strategically choosing platforms and partnerships that allowed pricing flexibility. 'I partnered with agencies in New York and platforms like Wyzant, then focused on channels where I could increase my rates over time,' he said. His story underscores how independent professionals—armed with the right skillset and business strategy—can command premium pricing in the knowledge economy without being tied to traditional corporate roles. Menking also shared how the biggest hurdle was not financial, but mental and emotional detachment from societal expectations. 'I had to let go of thinking: 'I'm a finance guy, so I should get another finance job,'' he said. 'It takes a radical commitment to pursue something that fulfils you, regardless of what family, friends or former colleagues might think.' His advice to others: stop chasing validation through job titles, and instead, take a hard look at what truly energises you. 'Do your due diligence, understand your worth, and give yourself the freedom to explore.' He also advised that people should stop trying to please people with career choices.
Mint
10 hours ago
- Business
- Mint
Man quits 6-figure Wall Street job, finds success as ₹86,000/hour online tutor
In a striking example of career reinvention, former Wall Street trader Steven Menking has swapped high-stakes equities trading for one-on-one tutoring—and now earns up to $1,000 (approximately ₹ 86,800) per hour working from home. Speaking to CNBC Make It, the New York-based professional shared that he made the transition in 2014 after burning out from the relentless pace of finance. 'I was drained by the lifestyle,' he said, reflecting on his decision to pivot from a six-figure job on the trading floor to a more flexible and personally fulfilling career in education. Today, Menking works 20–25 hours a week tutoring students and young professionals, guiding them through academic challenges and early career decisions. Initially charging $50–$100 an hour, he gradually scaled up his rates by strategically choosing platforms and partnerships that allowed pricing flexibility. 'I partnered with agencies in New York and platforms like Wyzant, then focused on channels where I could increase my rates over time,' he said. His story underscores how independent professionals—armed with the right skillset and business strategy—can command premium pricing in the knowledge economy without being tied to traditional corporate roles. Menking also shared how the biggest hurdle was not financial, but mental and emotional detachment from societal expectations. 'I had to let go of thinking: 'I'm a finance guy, so I should get another finance job,'' he said. 'It takes a radical commitment to pursue something that fulfils you, regardless of what family, friends or former colleagues might think.' His advice to others: stop chasing validation through job titles, and instead, take a hard look at what truly energises you. 'Do your due diligence, understand your worth, and give yourself the freedom to explore.' He also advised that people should stop trying to please people with career choices. 'It takes courage to start from scratch. In addition to creating something entirely new for yourself, you have to reconsider what you thought your future life would look like. But to be able to pursue work that really fulfils you, I find that it's all worth it,' he told CNBC Make It.
