- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Average Wall Street BONUS (not salary) surged to $245K
Posted on 3/26/25 at 12:33 pm to sidewalkside
Posted on 3/26/25 at 12:33 pm to sidewalkside
Man, that is a pressure cooker job if ever there was one.
0
Posted on 3/26/25 at 12:37 pm to sidewalkside
quote:
how mad are all the OT Baws about this?
Why would I be mad at somebody else's success?
Posted on 3/26/25 at 12:43 pm to sidewalkside
quote:
Average Wall Street BONUS (not salary) surged to $245K
There are some MASSIVE bonuses for top level folks that will severely weight this average. Yes, lots of money is made on Wall Street, but a median would be better (I think)
Posted on 3/26/25 at 1:34 pm to DCtiger1
quote:
Did you miss where this was the BONUS?
That is how they’re mostly paid to be fair. Start with an $80k salary, but then make a bonus of $150k depending on the financials for the year
Posted on 3/26/25 at 1:43 pm to Mingo Was His NameO
quote:
The tax implications of your fake bonus were exactly the same had you been paid $80k throughout the year. I’d love for either of you idiots to explain this to me
Bonuses can be taxed differently in a couple of ways. #1 Bonuses are initially taxed more as supplemental wages when they come out of your check. However, this helps at year end because it makes you more likely to get a refund down the road. #2 After a certaint threshold (which I think is now $1million), bonuses are taxed even more. This won't affect most people on this board, but it does impact many of the Wall Street folks mentioed in the original post.
By the way, the term "Wall Street" misleads a lot of people. Many people are "Analysts" and do FP&A and other types of analysis similar to Analysts in Houston, Dallas, Atlanta, etc. Their bonuses are not special. The people who really do Investment Banking (not just financial analysis at an Investment Bank) would likely quit if their bonus was only 245K. However, to get a legit IB job, unless your uncle is a big shot, you need to graduate from one of the top 18 private universities, or an elite undergrad business program like Michigan or Texas.
Posted on 3/26/25 at 1:45 pm to sidewalkside
quote:
how mad are all the OT Baws about this?
Not mad at all. Get that money baw! This is The USA!
Posted on 3/26/25 at 1:50 pm to CatfishJohn
quote:
There are some MASSIVE bonuses for top level folks that will severely weight this average. Yes, lots of money is made on Wall Street, but a median would be better (I think)
lol - you think? In a world where the 99th percentile is nowhere near the income at 99.5, it’s a certainty that the median is significantly lower than the average.
Posted on 3/26/25 at 1:53 pm to sidewalkside
sounds great, but after factoring in how many hours these dudes work and the absolute grind that it can be, i dunno if i could do it, even for that kind of money...
good on 'em, i guess...
good on 'em, i guess...
Posted on 3/26/25 at 1:57 pm to soccerfüt
quote:
That’s “average”.
Some were less.
Some were more.
Some may have been exactly $245k.
That’s how average works.
Were you trying to sound smart or something?
Posted on 3/26/25 at 2:03 pm to fareplay
quote:
What’s there to be mad about? Smarter / driven people get paid more. The average baw couldn’t sniff these jobs.
I think these jobs are mostly about connections, not ability. Everyone I knew who went into finance was working for “a friend of their father.”
Posted on 3/26/25 at 2:06 pm to Buryl
quote:
I think these jobs are mostly about connections, not ability. Everyone I knew who went into finance was working for “a friend of their father.”
Once you’re there you still have to work the 80 hours
Posted on 3/26/25 at 2:08 pm to sidewalkside
Doesn’t bother me none. Mine this year was $105k higher than that.
Posted on 3/26/25 at 2:10 pm to Buryl
quote:
I think these jobs are mostly about connections, not ability. Everyone I knew who went into finance was working for “a friend of their father.”
There is some of that, but not as much as you think. You can tell if someone was gifted a role by looking at where they got their undergrad degree. That actually carries more stroke than where they got their MBA. With VERY few exceptions, you can't fake you way into a UPenn, Duke, Princeton, Northwestern type school. If you meet a guy in IB who went to Ohio State or Bates College, his uncle pulled some strings.
Posted on 3/26/25 at 2:13 pm to soccerfüt
quote:That’s not technically true. They all could have been exactly $245k.
Some were less.
Some were more.
Some may have been exactly $245k.
That’s how average works.
Posted on 3/26/25 at 2:19 pm to fareplay
Just think about how good of shape our country would be in if all of those exceptionally smart/driven individuals were scientist and engineers and professors instead of financial leaches
This is why China is winning
This is why China is winning
Posted on 3/26/25 at 2:21 pm to drizztiger
quote:Thank you.
That’s not technically true. They all could have been exactly $245k.
I have revised my earlier post and defer to your most excellent knowledge of all things "deep math".
Posted on 3/26/25 at 2:28 pm to Aguga
quote:
Yeah, but that creates a tax problem you really don’t want.
I am in a profession that is heavily back-end bonus driven, and the only real tax implication is that the Jan 15 quarterly payment is always a big one. This is for K-1 partners. 1099 contractors (ie of counsel in law firms) deal with it in a similar way where they have a big 1st quarter payment. If they don't make it that is on them.
For W2 employees taxes are withheld from their bonus so most won't get much of a surprise later. Most people with jobs that pay big bonuses either have an accountant or understand the personal tax code well enough to avoid a surprise. The only real "surprise" should be if all or part of the bonus is in a new tax bracket and you pay a lot more per dollar in income than you are used to.
Posted on 3/26/25 at 2:28 pm to sidewalkside
I work for a wall street group. I got some peanuts as a bonus.
Posted on 3/26/25 at 2:37 pm to kywildcatfanone
quote:
easy money
Nothing about those jobs is easy. I've seen hundreds of interlopers enter into research or banking - they usually make it 6 months. Extremely difficult and stressful job.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News