Originally posted by: GTaudiophile
One of my best friends works for Goldman Sachs. He's 25, makes like $200K with a $50K bonus.
Edit: But yeah, he puts in a good 90-hour work week on average.
Originally posted by: xtravistx
Originally posted by: gigapet
Originally posted by: cain
Originally posted by: gigapet
I know a bond trader that just signed 2.5 million dollar 2 year contract. He is 25.
that's pretty bad ass. traders get paid a lot, but if this man is only 25 right now, i would say he must have been one hell of a trader
probably just well connected.
Probably? I thought you knew the guy?
Traders only make that much when they are good and making 25x their compensation for their firm. Being connected can get you a job, but not ensure the big bucks/responsibilities
-xtravistx
Originally posted by: SZLiao214
100 hour work weeks. Hello there!
Originally posted by: archcommus
Did some Wikipedia searches, know what this is now, but what field of study leads to it?
Originally posted by: Lattiz
Originally posted by: archcommus
Did some Wikipedia searches, know what this is now, but what field of study leads to it?
Finance or Economics from a target school...some also get in with history or liberal artsy majors if they've proven themselves with an internship.
Originally posted by: archcommus
All I can say to 100+ hour work weeks is WOW. My dad started a business recently and he works 8 hours a day 7 days a week, and I feel that THAT is a ton because you don't have one single day off a week.
100+ hours? That's like 14 hour work days every single day, or 17 hour work days if you take just one day off. That's unbelievable.
IMHO, no amount of money is worth that.
Originally posted by: archcommus
All I can say to 100+ hour work weeks is WOW. My dad started a business recently and he works 8 hours a day 7 days a week, and I feel that THAT is a ton because you don't have one single day off a week.
100+ hours? That's like 14 hour work days every single day, or 17 hour work days if you take just one day off. That's unbelievable.
IMHO, no amount of money is worth that.
Originally posted by: Lattiz
most banks pay summer analyst/associates a stub bonus at the end of their 10-12 weeks...i've never heard of anyone getting anything rated (OT) tho
some of the banks recently reported 1st/2nd/3rd year analysts bonuses and they're ridiculously high this year: 60k/80k/100k...that's a lot of green for a 24 year old kid...which probably explains why so many people want to sell themselves for a few years after graduation...
Originally posted by: cchen
Originally posted by: Lattiz
Originally posted by: archcommus
Did some Wikipedia searches, know what this is now, but what field of study leads to it?
Finance or Economics from a target school...some also get in with history or liberal artsy majors if they've proven themselves with an internship.
actually any major is fine
Originally posted by: cchen
Originally posted by: Lattiz
most banks pay summer analyst/associates a stub bonus at the end of their 10-12 weeks...i've never heard of anyone getting anything rated (OT) tho
some of the banks recently reported 1st/2nd/3rd year analysts bonuses and they're ridiculously high this year: 60k/80k/100k...that's a lot of green for a 24 year old kid...which probably explains why so many people want to sell themselves for a few years after graduation...
the numbers that they report are for the TOP analysts, its not an average
Originally posted by: archcommus
So this is something you don't even need a degree to get into and only do temporarily? I thought we were talking about a career path here.
Originally posted by: cchen
Originally posted by: archcommus
So this is something you don't even need a degree to get into and only do temporarily? I thought we were talking about a career path here.
wtf? of course u need a degree. you need to be a top student from a top university
Originally posted by: Skoorb
I make 40k month just being cool.
Originally posted by: kreactor
now i feel sad
is it logical to go back to school to do b.s. finance instead of mba?
Originally posted by: cain
you don't need a mba, mba is for idiots who can't do math (or so my econometrics teacher tells me). just study on your own and take the cfa exam, that is if you want to move up the ranks once you get in
Originally posted by: GTaudiophile
One of my best friends works for Goldman Sachs. He's 25, makes like $200K with a $50K bonus.
Edit: But yeah, he puts in a good 90-hour work week on average.