<p>momma-three- Is your daughter graduating? Congratulations! Great news after all the struggles you had! Is the MIT son the one who graduated?</p>
<p>I am not good at spotting ■■■■■■, but the salary number is not necessarily off-base for new hires in certain sectors of finance. My son has a friend who is earning that his first year; I think he was a double major in CS and econ. Ordinary analyst jobs at top banks pay a signing bonus of $10,000, a base salary of around $70,000, plus a year-end bonus of $25,000 or more, depending on the industry and the health of the bank’s business.</p>
<p>I just want to know what my son can major in that will get him a starting salary of $150,000…I’m sure I could convince him to switch. :)</p>
<p>^^^ lol, MomLive. My S graduated in ECE and got a great starting salary (we thought 
)… but only about half of what the OP’s S is getting. Maybe my S will quit his job and go back and major in this other field.</p>
<p>Investment banking will get him the closest to that, but per hour the pay isn’t so hot since the young kids work as much as 100 hours a week.</p>
<p>BTW, as to the OP’s closing sentence… I don’t usually consult my “gut” as to whether I can afford something. I consult my bank statements and my Excel spreadsheet.</p>
<p>I consult my gut about what numbers to buy on my lottery ticket (lol) and then about whether to believe a cockamamie story someone is telling me.</p>
<p>Why do you accuse this parent of being a ■■■■■? Is it so unthinkable that this could happen? I’m willing to bet it happens a lot. My take is that the child is feeling cheated in that he’s graduating in December while his friends who he started out with will graduate in the spring.</p>
<p>I wish the OP all the best. We all have dreams for our children, and sometimes they fulfill them and sometimes they disappoint. Just remember he’s still your son, no matter what, and maybe one day he’ll apologize to you. If not, it doesn’t mean you’ll stop loving him.</p>
<p>TheGFG might be right:</p>
<p>[Salaries</a> in Investment Banking](<a href=“http://www.careers-in-finance.com/ibsal.htm]Salaries”>http://www.careers-in-finance.com/ibsal.htm)</p>
<p>Thank, MomLive. As a “just a mom,” it’s the over-arching story of my life that no one ever believes me. Thus, I plan to believe the OP for now, at least.</p>
<p>Bookmarking this thread. Ought to be a fun watch 
Popping the popcorn as we speak.</p>
<p>^^ I wonder who’s playing the lead.</p>
<p>David Copperfield?? He has a good vanishing act :)</p>
<p>I’ll bring the “Junior” mints.</p>
<p>150k is not that far fetched for a college grad from a top school in finance…</p>
<p>■■■■■ or sociopathic kid…neither choice is good.</p>
<p>Jym, I’m bringing a few beverages to share with the fellow thread watch crew :)</p>
<p>Pulling up a chair… here’s a little theme music to set the mood.</p>
<p>[YouTube</a> - My Three Sons - opening](<a href=“- YouTube”>- YouTube)</p>
<p>As an example, I believe salaries for undergrad Wharton 2010 grads ranged from 20- 100k, not including signing bonus (average about 9K) and/or annual bonus (34K). Of course, that is likely at the very high end, but it’s not so far from the number in the OP.</p>
<p>One can’t count on an annual target bonus as guaranteed income, so it’s not traditionally used in a report of one’s salary (nor is the signing bonus). The OP, per thumper’s calculation, makes about 150K, yet lives in a neighborhood that has gone down the tubes and is full of thugs and gang violence. Lots of posts in this thread point to disengenuous stuff.</p>
<p>Sorry to be suspicious, but I question the validity of this poster and especially the validity of the $150K job offers. My apologies if this is for real, but a brand new poster with this saga…</p>
<p>I agree.</p>
<p>If this kid is so smart, then when his parents lost so much money he’d certainly be able to “do that math” and figure out that his parents were bigger victims than he was. </p>
<p>■■■■■.</p>