$1,000,000+ First Year Out of College??

johnnyhoward3 · 12-23-2007, 03:39 PM

I am a senior in high school and am looking to end up at a top school (ivies or aws). If everything goes as planned, I will major in Econ and get a job in a firm like G-S, where I've heard some people make 150-200k their first year out (after bonuses). However when I was younger, I remember hearing about a family friend who had just graduated from Dartmouth undergrad and was making around $3 million. Unfortunately, I dont personally know this person and never found out what career path he took (I sure wouldn't mind following in his footsteps) so I was wondering if any of you CC people have info on careers in which you can make $1million or more the first year out. I know it sounds really greedy and all but I sure wouldn't mind the lifestyle of those guys from Entourage

rty456 · 12-23-2007, 03:46 PM

Professional Major Sport Athlete
Rock/ Hip-Hop Music Phenom

anyone/thing making that kind of money is a statistical outlier.... not saying it doesnt happen, just that the circumstances are unique enough that -- I believe --there is no way to predict how to get there 4-5 years ahead of time .....

You could certainly look for the higher paying field, such as Wall steet business types, some engineering etc ....

But if you are just looking for money I think Porfessional Basketball is hard to beat ... and if you think I am joking I am not... to get some of the very high 'I-bank' postions requires the same combination of unique talent, education, opportunity and luck that these guys have

good luck

dan2k915 · 12-23-2007, 08:08 PM

You're a tool man, seriously. You're a senior in HS and worrying about your job already...Get a life. If I knew you back in high school, I'd probably be givng you wedgies and dunking your head in the toilet. Grow up and get real...Everytime I read the post back it just makes me mad. I hope you get denied at all your top schools and cry about it. I'll be laughing at you from my dorm room at Yale while I'm getting ready for my I-banking interviews (which I DO have). So yeah, that's my advice to you. Stop being so uptight.

And to answer your question: no there is no job that pays you that much. Probably the highest paying job is working with a hedge fund, and that's if you get lucky.

CesareBorgia · 12-23-2007, 08:59 PM

I hope this thread is a joke.

johnnyhoward3 · 12-23-2007, 10:48 PM

Hey, dan2k915. First, you're a ****** bag. Second. I was just asking I thought it sounded ridiculous and I was curious as to who the hell would pay a 22 year old kid 7 figures. And third, it would be completely irresponsible not to be considering what you want to do in terms of a career when you are a senior in high school. How else are you going to know if you want to go to nursing school, engineering etc. So go **** yourself and thanks for the advice.

Phead128 · 12-23-2007, 10:54 PM

I heard a Vascular Surgeon makes 1,300,000 after 8 years experience.

4321234 · 12-23-2007, 10:59 PM

kids can really overestimate themselves these days

CaliGuy07 · 12-23-2007, 11:23 PM

if you are smart, get your parents and their friends to give you money to start your own investment firm.

who cares about goldmans. if you can get people to trust their money and lots of it in your hands, you will be balling.

rty456 · 12-24-2007, 01:09 AM

Or maybe I am more likely to invest with a smart guy with experience and who is not a smart @ss

CesareBorgia · 12-24-2007, 02:17 PM

Yeah, to make $1,000,000+ the first year out of college on carry (2 & 20), you need people to "trust you" with $250 million+ in capital and a neutral market. Who the hell is going to invest that kind of money with a kid just graduated from college?

BIGTWIX · 12-25-2007, 03:05 AM

"Hey, dan2k915. First, you're a ****** bag. Second. I was just asking I thought it sounded ridiculous and I was curious as to who the hell would pay a 22 year old kid 7 figures. And third, it would be completely irresponsible not to be considering what you want to do in terms of a career when you are a senior in high school. How else are you going to know if you want to go to nursing school, engineering etc. So go **** yourself and thanks for the advice."

Generally, people who use the term "****** bag" tend to be them. I don't think sexually pleasuring oneself is something you tell someone to do when you are thankful for their advice. He may have beem a little rude/immature when he said he hoped you got denied from all the schools you apply to, but look you should probably look at your response before pointin the finger.
And lastly, and most importantly, your view on happiness is screwed up. Money does not equal happiness, and the point of education is not to become rich, it is to learn something you are passionate about, regardless of incentives.

thatbiggbadwolfy · 12-25-2007, 09:37 AM

Although dan2k915 does sound like the typical Yale ******bag who inflates his ego on IvyGate's comments board (probably), he does have a point about chilling when you're in HS. I'm betting his finance (pronounced finnnn-ance) background looks down upon overzealous kids thinking they can be 7 figure bankers out of college.

The realistic figure is $160,000 for street pay. So divide your number by 10.

The only 7 figures I've heard of were entrepreneurs or musicians--never hedge fund employees or bankers. Heck, you'll need Series 7, 63 certification at the least. Unless you just day trade using Yahoo all day...

jackfitz · 12-25-2007, 06:24 PM

I heard about a wharton graduate 3 years ago who graduated top 2% of class. He got so many offers from different companies, google even gave him a free ferrari just to take a tour. He ended up staying with google cuz they wanted him so badly. He makes about 2.3 mil a year i think

samonite16 · 12-25-2007, 10:57 PM

I'm sorry, but there is no way the Ferrari part is true.

undefined · 12-27-2007, 08:53 PM

This thread is a joke.

OP: Stop worrying about money - first prove to yourself that you can succeed academically and in the business world.

jackfitz: you're gullible.