As an analyst, you'll be making over six figures, with a base in the $70-$80k range. You can live 20 minutes from midtown Manhattan on that, though you'll probably have to have roommates (but hey you're 22 so again, no big deal).
As an analyst, you'll be making over six figures, with a base in the $70-$80k range. You can live 20 minutes from midtown Manhattan on that, though you'll probably have to have roommates (but hey you're 22 so again, no big deal).
I do not think I could be coerced to work 100 hours a week regularly for less than $50/hour of cash and equity, and the lower bound might be closer to $100/hour.
If you've got decent odds of hitting the big payoff, that's one thing, but if the expected value is low, it just becomes another lottery, with a few winners, a lot of losers, and a the winners enriching themselves at the expense of the losers.
If you can put up with the hours until you end up as a director or higher, you can pretty reliably makes over a million dollars per year (with continuous increases in salary) putting only 50-60 hrs a week.
People do banking because it's one of the lowest risk ways to becoming rich.
N.B.: This was awful and I am now safely far, far away from the banking industry.