What is the typical salary structure of an investment wanker?

Don't these guys make most of their money off of year end bonuses? They have to be hurting...

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Posted by Colonel Hapablap

Mostly Harmless

Member since Nov 2003

28791 posts

Posted on 8/21/08 at 9:27 am to Chicken

quote:
Don't these guys make most of their money off of year end bonuses?

I think so. Not only that, but the bonus is typically paid for in....wait for it....company stock.

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Posted by Doc Fenton

New York, NY

Member since Feb 2007

52698 posts

Posted on 8/21/08 at 9:32 am to Chicken

I don't remember exactly, but if you're at top-tier, I think it was usually a little less than a first-year top-tier law firm associate. The law school guys used to make a standard pay of $125k starting out, but that was about 5 years ago. I think they make more now.

I-bankers I think made under $100k as analysts at first, but then stood to make much more after 2 or 3 years as an associate with an MBA (or maybe I'm getting "analysts" and "associates" confused--it's not really my world).

EDIT: All this stuff gets discussed extensively 24/7 at Vault.com, which is basically the gold standard of career related websites for elite grads.

This post was edited on 8/21/08 at 9:39 am

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Posted by Doc Fenton

New York, NY

Member since Feb 2007

52698 posts

Posted on 8/21/08 at 9:37 am to Chicken

Also, the blind governor of New York, David Paterson, came out with an usual press conference just this week.

" NY governor gives gloomy outlook on state economy"

quote:
ALBANY (Reuters) - New York Gov. David Paterson on Tuesday gave a more dire outlook on the state's economy, saying that Wall Street bonuses could be slashed by 30 percent to 40 percent this year and tax revenues on capital gains could also fall much more than he previously estimated.

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The governor, who took office in mid-March, has already pruned $630 million from the current budget and he wants the legislature to slice another $600 million. The state's budget totals around $121 billion, and the shortfalls over the next three years top $26 billion.

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But the best part of the article was undoubtedly this...

quote:
Paterson stressed how he is assessing the economic outlook, which the Assembly Democrats have said is not as dire. "But sometimes you have to feel it. Like in Star Wars, when Luke flies a plane. Well, the plane is telling me that it's going to get much worse," he said.

Feel the force, blind governor!!!

Honestly, though, I really like the guy from I know about him. Or maybe that's just in comparison to the former governor he replaced. You know, the Devil.

EDIT: I love this picture by the way...

This post was edited on 8/21/08 at 9:42 am

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