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re: How do you feel about young NY investment bankers being worked 80-100 weeks?

Posted on 5/9/24 at 8:27 pm to
Posted by CHGAR
Haile, LA
Member since Aug 2022
570 posts
Posted on 5/9/24 at 8:27 pm to
quote:

You're not quite at 1 mil at VP level.


shite I made twice that last with a couple of crews of rednecks running directional boring machines beside and under roads. My MBA came from a much less reputable school so I never qualified for the prestige of IB, and the corresponding pay cut.

These people signed up for this, no sympathy here. One thing I notice about ivy leaguers is that they must be paper pushers. They could never do anything else.
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
116173 posts
Posted on 5/9/24 at 8:31 pm to
It’s the old Wall Street adage. Turning other people’s money into yours. Trust me, I was a broker for seven years, they give zero shits if their clients make money.
Posted by VooDude
Member since Aug 2017
1092 posts
Posted on 5/9/24 at 8:36 pm to
quote:

shite I made twice that last with a couple of crews of rednecks running directional boring machines beside and under roads. My MBA came from a much less reputable school so I never qualified for the prestige of IB, and the corresponding pay cut. These people signed up for this, no sympathy here. One thing I notice about ivy leaguers is that they must be paper pushers. They could never do anything else.


I majored in petroleum engineering before the crash of 2011 (still a LSU fan for some reason) and then got lucky as shite and transferred. M&A is bullshite but they don’t deal with the volatility that you do, no? More like create it.

By the way, I’d prefer to be 1 month on and off on an oil rig in the gulf than be stuck pushing documents. Thanks for doing something good for society.
Posted by PGAOLDBawNeVaBroke
Member since Dec 2023
778 posts
Posted on 5/9/24 at 11:24 pm to
This dude was a green beret not some soy ivy leaguer. Y’all can’t read just have to tell some honkey blue collar story about how badass you are
Posted by Saunson69
Member since May 2023
1916 posts
Posted on 5/9/24 at 11:25 pm to
You're saying you brought home $2 million last year on your W2 or 1099 for running a directional boring machines under roads? I'm sorry, but no you did not. No way you made 2.5x what Brock Purdy brought home last year doing that.

I'm not saying at all you can't make good money doing that, but $2,000,000 in pre-tax you made off it? I call BS.
This post was edited on 5/9/24 at 11:27 pm
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