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Day in the life of an investment banker...(this is rough)

indy787indy787 129 replies109 threads Junior Member
edited November 2008 in Business Major
http://www.vault.com/nr/main_article_detail.jsp?article_id=23146519&cat_id=0&ht_type=1

This is just ridiculous! They certainly deserve the $500,000 salary.
edited November 2008
124 replies
Post edited by indy787 on
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Replies to: Day in the life of an investment banker...(this is rough)

  • AlexandreAlexandre 24278 replies434 threads Senior Member
    That sounds about right. People always ask me why I quite IB and went into HR...well, there's your answer! LOL
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  • supervillainsupervillain 59 replies11 threads Junior Member
    500 g's as an analyst? yeah right!
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    Supervillain, in my third and final year as an IBanker back in 1999, my salary, including my fat bonus was not too far from the 500 G mark. But it was simply not worth it. I make half of that today (7 years and a graduate degree later) but I am much happier!
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  • VTBoyVTBoy 543 replies37 threads Member
    I rather have a 40 hour a week job making 100,000 a year, 3 years after graduating and 200,000 a year, 10 years after graduating with your undergraduate degree. U make a lot less but only work 40 hours a week.
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  • dcfcadcfca 1515 replies37 threads Senior Member
    Alexandre, just wondering -- what kind of work/where do you work nowadays? And what's Dubai like? I have a friend who works for KPMG in Baghdad and he's visited and sent me pictures and it looks like a really great place, but is it only a tourist spot? Or is it actually a nice place to live?
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    dcfca, I currently work for a mid-large sized local company. I am the head of Human Resources, in charge of a work force of 3,000 or so employees.

    Dubai is an interesting place to live...for a short period of time and it is a fun and "different" place to visit. However, I do not see myself living in the UAE in 10 years.
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  • sempitern555sempitern555 3200 replies150 threads- Senior Member
    that sort of describes my life as a student
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  • dstarkdstark 33322 replies919 threads Senior Member
    Alexandre, what did you get your graduate degree in?
    What experience helps someone do well in the human resources field?
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    I got my graduate degree in Industrial and Labor Relations at Cornell. As for the sort of experience a person needs to become a successful HR professional, there really isn't a model. Many sociologists and psychologists make excellent HR professionals, but successful HR professionals usually come from all sorts of backgrounds.
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  • mahras2mahras2 1938 replies39 threads Senior Member
    Its all about being a trader ;). Work less and if you are good that 500K will look like chump change. Didnt say its easy but it can be done.
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  • primitivefutureprimitivefuture 1423 replies30 threads- Member
    Alexandre, how much can I get as a begginner analyst?
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  • jpps1jpps1 1908 replies85 threads. Senior Member
    Depending on the i-bank and your education, you could expect a salary and bonus of anywhere from $70,000-105,000.
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  • primitivefutureprimitivefuture 1423 replies30 threads- Member
    how how many years do i need to work to earn $500,00 annually?
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  • TpeckTpeck 518 replies72 threads- Member
    My job now is alot more stressful then that. That looks like a breeze in the park. You guys don't do construction/work-outside often do you?
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  • dcfcadcfca 1515 replies37 threads Senior Member
    even though their not working with their hands, the work can still be stressful/challenging.
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  • a-bomba-bomb 437 replies59 threads Member
    All I can say is my future is a big OUCH!
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  • mahras2mahras2 1938 replies39 threads Senior Member
    What other profession will pay a college graduate 70K-100K first year? Sure by hourly rate its low but what job will even LET you work for that many hours. Gotta have your priorities and make tradeoffs.
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  • a-bomba-bomb 437 replies59 threads Member
    still...OUCH! LOL
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  • AlexandreAlexandre 24278 replies434 threads Senior Member
    From the little I have seen, most first years at IBs start at about $50,000-$60,000 base, get a $15,000 signing bonus and the typical year-end bonus can be anywhere from nothing to $100 Gs, depending on how good you are. And the typical Analyst spends roughly 80 hours a week at work.

    Your survival and level of success at an IB will depend entirely on how hard you work and how good you are. Many IBankers never reach the 500 Gs mark.
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  • Penn15Penn15 258 replies1 threads Junior Member
    I would say the pay for IB analysts have decreased over the years. Signing bonus is down to the $7000 range, and year-end bonus at around $15,000. So that'd be about 75,000-80,000 for first year. Not too shabby.
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