Welcome to College Confidential!

The leading college-bound community on the web

Sign Up For Free

Join for FREE, and start talking with other members, weighing in on community polls, and more.

Also, by registering and logging in you'll see fewer ads and pesky welcome messages (like this one!)

As a CC member, you can:

Highest paying jobs?

rolen27rolen27 Posts: 360Registered User Member
What are they?
Post edited by rolen27 on
«1345

Replies to: Highest paying jobs?

  • futurenyustudentfuturenyustudent Posts: 5,366Registered User Senior Member
    Ibankers, traders, hedge fund managers, private equity fund managers, management consultants, inhouse corporate lawyers, CEOs, any executive officers, professors at Harvard Law/Wharton, real estate agents in affluent areas, stockbrokers, entrepreneurs, etc...

    That's all I can think of.
  • futurenyustudentfuturenyustudent Posts: 5,366Registered User Senior Member
    I forgot one...Venture Capitalist.
  • rolen27rolen27 Posts: 360Registered User Member
    But is it true that 1. Your career as an investment banker ends at 35 in which you are too old for the job, what do you do then? and 2. They make more money because they work very long hours so they are not the best paying jobs by hour?
  • futurenyustudentfuturenyustudent Posts: 5,366Registered User Senior Member
    1. Yes. You can do any number of things...anything that is finance-related. (Financial Advisor comes to mind). Many people do corporate finance and then become CFOs and make tons of money.
    2. Yes. They work long hours.
  • vampirovampiro Posts: 1,753Registered User Senior Member
    well by the time you reach most probably you will move onto some higher avenues of financial industry....and i dont think your career ends at 35 coz most people are made MD's or VP's by that age....some bankers move to their own firms too...
    If u want to do something good in any field you will have to work extra hard..
  • rolen27rolen27 Posts: 360Registered User Member
    my mom says she knows a family doctor who opened up his own Practice. He makes 500 000 a year , does not work long hours, and has a low stress job. Is there something Im missing here?
  • sammy101sammy101 Posts: 124Registered User Junior Member
    any doctor that makes $500,000+ a year is not your average doctor, he must be a surgeon or in your case self employed. But the Average 4th year associate or VP in Investment Banking makes half a million/yr.
  • Drew00Drew00 Posts: 2,964Registered User Senior Member
    Engineers make a hefty paycheck. As do Pharmacists
  • boomer01boomer01 Posts: 891Registered User Member
    LOL...Engineers don't make that much unless they move into management. I do agree that they have the highest starting salaries of all majors.
  • dcfcadcfca Posts: 1,552Registered User Senior Member
    But is it true that 1. Your career as an investment banker ends at 35 in which you are too old for the job, what do you do then? and 2. They make more money because they work very long hours so they are not the best paying jobs by hour?

    nope, depends

    you can continue to advance in the ranks in IB

    you can move to a field like PE if you're a top analyst at one of the top groups within an ibank

    you can move to Corporate Dev, you work and develop strategy for a corporation, people say that this work is extremely rewarding

    if you're a trader within an i-bank you can make the move to a hedge fund

    you can just go to work somewhere in a F500 company

    etc, many different possibilities.
  • dcfcadcfca Posts: 1,552Registered User Senior Member
    also, lawyers can go into IB too.

    Bruce Wasserstein the head of Lazard started out at Cravath I think.
  • pip-pippip-pip Posts: 424Registered User Member
    Money magazine just released its list of the best jobs for the next 10 years. It's based on expected growth and average salaries. #1 was a software engineer. #2 was a college professor.
  • vampirovampiro Posts: 1,753Registered User Senior Member
    ^^ those jobs are listed there because of the job security they offer and because of good availability...both of which are non-existent in competitive fields like ibanking,Law,high level Management etc...
    If u consider Money only then nothing comes even close to beating these jobs...
  • pip-pippip-pip Posts: 424Registered User Member
    Sure, that's true. And if you read my post, I did indicate that they were based on a very limited criteria.

    Occasionally, though, I wonder how it breaks down per hour. Imagine a lawyer makes $300,000 a year, and works and commutes about 85 hours a week, 50 weeks a year, that's about $70 an hour before taxes. Using the Money Magazine average salary for a professor, $85,000, and typical professor hours (35 hours a week 40 weeks a year); there's only a $10 difference per hour in pay. Additionally, there are other opportunities to make money--royalties and consulting, for example. Anyway, I'm planning on doing a Ph.D., I was just counting on starving afterwards, so I was a little pleased when I saw those rankings.
  • vampirovampiro Posts: 1,753Registered User Senior Member
    lol...well u wont starve but i just meant that o'course these jobs offer a more relaxed working environment but when it comes to hard cash it doesn't beat the professions i mentioned....Money after all is money is guy A is making 300k an year (at $70/hr) and B is making 90k (at $60/hr) its still only guy A who can buy a Brand new Porsche or a real expensive house without pushing himself too much....


    " Additionally, there are other opportunities to make money--royalties and consulting, for example. "
    By this...did u mean to show them as professions where people make money or did u mean to say that proffs can do those stuff and make additional money.....

    anyways as u mentioned royalties..by that i would assume making something and well there aint anything that can beat entrepreneurship...i mean for a techie banking and stuff should always be secondary i.e. if he is not able to make a breakthrough..;)
«1345
Sign In or Register to comment.