<p>I think it may have been a year or two old, Iglooo. Right now, I think that tech jobs are paying more every year, but I don’t know about financial industry jobs. Who knows what will happen next year. Maybe only the Walmart greeters will be getting raises.</p>
<p>My feeling, and this is not based on fact, just a sense of things, is that as soon as we weather the affordable health care implementation and figure out the “way that will work,” we will see a boom in jobs growth. I just don’t think anybody “knows” yet what to make of that or what it will mean.</p>
<p>But in a year or two, I wouldn’t at all be surprised to see things really take off. JMO</p>
<p>I hope you’re right, poetgrl.</p>
<p>Our kids are going to be fine.</p>
<p>You probably know this even more than I do, since you travel more, but every time I go somewhere and I don’t “understand” the weather, if there’s even a raindrop, the weather news is awful these days. It’s so exaggerated.</p>
<p>I think of my kids experience so far and nobody is having trouble getting work they want to do that is supporting. I mean, I’m good with that. I’ve been avoiding the “The end is near” reporters for a while. Kids starting out with a good education and some work experience and a good work ethic are going to do well.</p>
<p>I believe this.</p>
<p>Yeah, I’m pretty positive too, and I think that attitude helps the kids be more confident than, “The end is near” attitude! My son lost his internship before his real job starts, just today, and I thought he’d be totally bummed. Instead, within hours, he said he has leads and contacts to other internships in San Francisco, which is probably where he’d rather be anyways. I suppose if you don’t get despondent and get right to it, things can happen for you. Never give up!</p>
<p>Finance pay goes up MUCH faster. Initial pay is nothing. Just weedout time.</p>
<p>I’m sure that finance goes up crazy high, very quickly. But I had thought after the downturn that those positions for new grads were far harder to come by, though the kids I know have been getting jobs. Maybe that time has come and gone.</p>
<p>there are a lot of compensation limits in finance that weren’t there a decade or two ago. Particularly in banking. If you do well, you will do well, but it’s enough of a limit to allow kids who have other interests to actually consider those as possibilities.</p>
<p>I think this is a good thing for our economy and country.</p>
<p>The OXY story is disgusting. It is one thing when an entrepreneur builds a company and makes tons of money. It is terrible we have a system where someone is fired for not performing and has contracts in place to pay the kind of money this guy is getting.</p>
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<p>If the initial pay of several offers in finance (NY and Chicago, entry level) that I was made aware of are any indication, it is very very far from “nothing”. The base salaries were higher than for the tech jobs; there were huge bonus components including guaranteed sizable first year bonuses, and there are substantial signing bonus (in addition to moving expenses). Don’t have any idea how the pay changes with time and will probably find out over the next few years, but personally I’m saddened by the amount of money and talent going to this industry.</p>
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<p>What kind of job is this? I am not aware of any finance jobs giving first years guaranteed bonus.
My son started out in IB, then on to PE and now in HF.
Tech jobs in Silicon Valley and NYC for fresh grads at $100K are quite common now.</p>
<p>I don’t know, Dad of 3, my husband has been in finance for all these years. Maybe I have a skewed sense of things, but the money being offered nowadays is nothing like it was ten or twenty years ago. There are a lot of limits these days. It’s a lot different, and I think if a kid wants to pursue something in tech, the money can be very even to finance in a way it wasn’t ten years ago.</p>
<p>But, I could be wrong.</p>
<p>For CFOs anyway, tech sectors seem to beat WS. Top three pay was at Apple $68.6M, Oracle $51.7M, Google, $38.7M.</p>
<p>[The</a> Morning Ledger: Tech CFOs Pocket Plump Pay Packages - The CFO Report - WSJ](<a href=“The Morning Ledger: Tech CFOs Pocket Plump Pay Packages - WSJ”>The Morning Ledger: Tech CFOs Pocket Plump Pay Packages - WSJ)</p>
<p>cb & pg: Yes tech jobs on the West coast were in the low 6 figures, and the smaller companies offered stock options. The trader jobs in NY & Chicago all came with higher base, substantial signing and first year bonus. To top it off the only skills were top notch programming and math, and really nothing in trading.</p>
<p><a href=“Reuters”>quote</a> - WebMD Health Corp said Chief Executive Cavan Redmond will be leaving the health information provider, less than a year after the former Pfizer Inc executive was appointed to turn around the company’s fortunes.
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<p>[WebMD</a> CEO Redmond leaving; company reports narrower loss](<a href=“http://news.yahoo.com/webmd-ceo-redmond-leaving-company-reports-narrower-loss-001636052.html]WebMD”>http://news.yahoo.com/webmd-ceo-redmond-leaving-company-reports-narrower-loss-001636052.html)</p>
<p>If a CEO does not work a miracle he or she is subject to quick termination. The WEBMD guy had an excellent job at Pfizer but he took a risk on WEBMD. He is out after 11 months. Who wants him now?</p>
<p>A CEO job is high risk and high pressure and that is why they are paid huge amounts.</p>
<p>razor- but what package is he leaving with?</p>
<p>The typical NY major iB job (BS degree) starts at $70K now–less than some tech jobs. But if you make it the pay plus bonus can be $500K in a few years. 1st year bonus has been cut back from the six figures to about half base on avg.</p>
<p>I don’t know what package the WEBMD CEO is getting because it depends on whether he was fired for cause or not for cause. His base pay was $695K with bonus depending on a committee but that is after a year and he did not make it that far. His signing bonus was $930K. Anyway you look at it, this guy was rocking it out at Pfizer but now is dead meat.</p>
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<p>Apparently, being an ordinary worker at WebMD is also high risk:</p>
<p>[WebMD</a> Announces Layoffs; 14% Of Staff, $45M In Total Spending Cuts Coming Off Of A $900K Quarterly Loss | TechCrunch](<a href=“http://techcrunch.com/2012/12/11/webmd-announces-layoffs-14-of-staff-45m-in-total-spending-cuts-coming-off-of-a-900k-quarterly-loss/]WebMD”>WebMD Announces Layoffs; 14% Of Staff, $45M In Total Spending Cuts Coming Off Of A $900K Quarterly Loss | TechCrunch)</p>
<p>And I’d say that for those workers, losing their jobs was pretty high pressure, since they didn’t have a billion dollars to fall back on, as Redmond does.</p>
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<p>Read more: [Expect</a> Dimon to Leave JPM If Dual Role is Split | Fox Business](<a href=“http://www.foxbusiness.com/industries/2013/05/15/expect-dimon-to-leave-jpm-if-dual-role-is-split/#ixzz2TOqCijx7]Expect”>http://www.foxbusiness.com/industries/2013/05/15/expect-dimon-to-leave-jpm-if-dual-role-is-split/#ixzz2TOqCijx7)</p>
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<p>Jamie Dimon is considering leaving JP Morgan Chase if stockholders vote to separate the CEO and Board Chairman jobs that Dimon currently holds. If he leave the stock will probably drop 10 percent. That would amount to about a $20 billion dollar loss simply because of one man. He is paid about $27.5 million per year, I think. I would say shareholders are getting a pretty good deal. They are paying $27.5 million per year for a man worth $20 billion. Dimon is just one more example of how important is a CEO.</p>
<p>How do you know it will stay down forever once the next guy takes over?</p>