Everyone who responded saying they would do what he did for a few years and get out didn't read the article or didn't understand it. Our financial elite are addicted to their bonuses like a crack addict is addicted to his drug. These people have lost all perspective on reality and suck the country's wealth upwards. They don't do it because they're smarter or better or harder working but because they have a pyschological problem.
The key to happiness is being satisfied with what you have, not craving after that which you don't. I'll take an engineering job with interesting problems to solve and comparatively low pay over any position in management or finance because I enjoy it.
There is a reason people with sociopathic tendencies gravitate towards Wall Street type jobs. How can a job drain a soul of someone who has none?
These people create nothing and contribute nothing meaningful to society. They are more likely to have a negative impact as they gamble with the economy and use all the financial gymnastics in the world to scheme up new money making ideas. You could delete their entire industry tomorrow and the world would be better for it.
Friend of a friend of a friend works for Goldman Sachs and is my age (25) and makes about 300k a year. Thing is... He consistently works 60-80 hours a week. At that point, you have almost no free time. What's the point to being loaded when all you do is work?
Friend of a friend of a friend works for Goldman Sachs and is my age (25) and makes about 300k a year. Thing is... He consistently works 60-80 hours a week. At that point, you have almost no free time. What's the point to being loaded when all you do is work?
I wouldn't do it for life, but for a short time, why not? If you can command $300k a year, you can command far less than that too. Convert that $300k into a fully paid off house working at a smaller firm in some sleepy hamlet.
It was pretty common with Iraq and Afghanistan that people would volunteer to go over to make hazard pay, and that hazard pay was well under $300k a year. They'd work 12 hour days, have a risk of death, but after 6 months to a year of working, they'd have pocketed so much money that it would have a substantial impact on their standard of living when they returned.
Friend of a friend of a friend works for Goldman Sachs and is my age (25) and makes about 300k a year. Thing is... He consistently works 60-80 hours a week. At that point, you have almost no free time. What's the point to being loaded when all you do is work?
You officially rule.It's stealing from people who leave their money on the sidewalk in the hope that the money fairies will give them even more money when they come back to check on it.
Unfortunately, there are a LOT of these people.
I'm in the wrong line of work. What's the best one can make in IT or PM... 200-300k at highest up to exec management? (if that) Getting 900k only 4 years after undergrad is dizzying.
http://www.nytimes.com/2014/01/19/o...?nl=todaysheadlines&emc=edit_th_20140119&_r=1
Friend of a friend of a friend works for Goldman Sachs and is my age (25) and makes about 300k a year. Thing is... He consistently works 60-80 hours a week. At that point, you have almost no free time. What's the point to being loaded when all you do is work?
Friend of a friend of a friend works for Goldman Sachs and is my age (25) and makes about 300k a year. Thing is... He consistently works 60-80 hours a week. At that point, you have almost no free time. What's the point to being loaded when all you do is work?
he got married. he'll lose 50%.
What I don't understand is how is there really 80-90 hours of work during the week? Trading hours are from 9:30am to 4pm every weekday and closed during the weekends. Are they actually sitting there doing real work from 7am until midnight?
I had some friends doing tax in Big 4's and during busy season they would pull a lot of hours. But a friend told me a lot of the times, there really isn't 50-60 hours worth of work every week but they feel encouraged to stay to bill clients and move up the ladder. Half the time, they're just surfing the web or chatting w/ coworkers while billing clients. So do these bankers actually do over 80 hours of real work or are they going out on fancy meals while charging time and billing clients?
Some people enjoy it. I have (or had) a friend who got a job doing something in New York right out of college (we werent super close). But everytime i would talk to him he was working. Always working. He just enjoyed it. But it did kill his social life and most of us moved on in life sort of leaving him behind.
I could make as much as those guys if i worked the overtime. but meh ill take my 40 hours and enjoy my evenings and weekends. 77 hours of OT worked all of last year...and all of that was in a 2 week period too. Im just not into the whole making tons of money. I make enough to buy what i want and live how i want.