i was looking at that a few days ago. the pay actually sucks per hour until you become a VP. 3rd year associate (with MBA) makes maybe 300k, which is like 60$/hr, but you dont have much flexibility. i'd rather work another job at 60$/hr where i can take time off or work more as desired.

This post was edited by carteblanche on Jan 3 2015 12:19pm

Well I do that too ofc, but I have about 13 hours spare time each day at the moment and there's no way I have the patience to read for 10 hours lol.


Currently reading two pretty relevant books (outside of my school curriculum); Fixed income securities by Frank J. Fabozi and Liar's poker by Michael Lewis

but back in my time of working 14 hours/day 7 days a week, 4 weeks a month for 9 months I hardly even touched a computer, a TV or the internet in general, too busy werkin. Now imagine doing the same but earning 6,7,8 or even 9 figures?

Would be boring as fuck. Sounds terrible . Rather work 7-8 hours and have more time to spend with friends and family

How is ~ $150,000 on average a poor wage for a 23 year old?

VP's in their late 20s rake in anywhere from $200,000 to about $1,000,000 with ~ $450K being the average.

That's investment banking in general though.. in hedge fund management the ENTRY level salaries are like $300K

Edit: $353,000 actually: http://blogs.wsj.com/moneybeat/2013/10/31/wanted-entry-level-hedgies-353000-salary/

This post was edited by MGS4BestGameEverMade on Jan 3 2015 12:23pm

Well you can't stick with your childhood friends for the rest of your life, your new friends should be the ones you work with i.e. office. And as they have the same job as you, one should hope they have the same interests/similar personality etc. of course you could end up in an office full of people you hate, but there's an expression we have at home here which is roughly translated to "similar children play/fit better together".

This post was edited by MGS4BestGameEverMade on Jan 3 2015 12:27pm

i edited the post slightly. i meant the hourly pay sucks for the benefits. they work 2.5 times what i work. so 150k/2.5 = 60k/year for a normal job, which is just normal, not rich. if i have to work more hours and always be on call, i'd want to get a much higher hourly rate. if im making the same hourly rate, i'd rather work fewer hours.

VPs and above are where the money's at. but until you become a VP it's kinda crappy.

i work 45 hours a week on average and find too much free time at times (having no responsibilities atm being as i'm 19)
5:00 wake up
6:00 work
4:00 get home
10:00-11:00 bed time

get a solid 5-6 hours to do whatever basically.. plenty of time to go out to eat, go to the gym, go watch a movie, go shopping right quick, etc
then saturday and sundays i have off so can stay up late on fridays / saturdays and have a whole day to do whatever on saturday / sunday

sometimes i'll work 6-10 on a saturday but i'll usually stay up a bit later on friday anyways (that's only time i get over 50 hours which is very rarely maybe once every 2 months)

i can see 45-50 hour weeks + 1 - 1.5 hours of driving to and from work everyday being very taxing at an older age where you have kids to worry about though

as of right now i find it very easy and not stressful at all

This post was edited by Starcrater on Jan 3 2015 12:30pm

Well true that.. the insanely high salaries are kind of hidden behind the absurdly high working hours... it doesn't take that many years to become VP though and VPs work way less than associates/analysts yet earn way more so not only is the annual wage out of this world but the hourly wage is absolutely absurd too.

http://www.wallstreetoasis.com/salary/investment-banking-compensation

This post was edited by MGS4BestGameEverMade on Jan 3 2015 12:40pm

Why can't I have my childhood friends forever? I don't plan on moving .

Well I suppose you can but things happen and things change... People get married, pursue a career, move etc.. I for one plan to move far away from Norway as soon as I got a degree worth something (NYC, London, Dubai, Singapore come to mind)