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New comments cannot be posted and votes cannot be cast. Despite the high pay level, some quants do complain that they are "second-class citizens" on Wall Street and don't earn the multimillion-dollar salaries that top … That 1M number by 30 was accurate pre-crisis, not anymore. Cookies help us deliver our Services. It's closer to 100hrs. Oh that's decent, how they call that scheme? Press question mark to learn the rest of the keyboard shortcuts. He thought his entire division was closed down and let go, and all his hard work and dedication would be rewarded. You probably looked up corporate financial analyst roles, which do pay from 75K to 150K. 80hrs and you're at a really nice boutique. I thought I wouldn’t make it past five years, but then I moved to San Francisco were the lifestyle is much better and survived for 13 years until I left in 2012. For those who have been in the industry for quite some time, salaries easily average about $224,000 per year. Sure you'll be comfortable, but considering where you're living, you'll still be a peasant. Regardless of which firm you work for, chances are you will be pulling long, grueling hours, a lot of the time doing work that is unnecessary simply because the "client wants to see it." Primary due to the recession and the black eye the banks got over it and it still remaining still today. .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} Just don't be an asshole about it. I never, ever have to work more than 40 hours unless I choose to, can get my MD on the phone at any time. You work all day just to go to sleep, wake up, and do it again. He sounds like an IB type, not a "financial analyst" in the traditional corporate sense (which would not pay this much to a new college graduate, and definitely doesn't pay $1m/yr. A corporate analyst earns closer to what you posted and work way less. Now it's time to pay it forward. It is a place where you can have fun at your job and truly make a difference. 606 Wall Street English reviews. But guess what, Know how many of those young hopefuls I've escorted out the building in a mass lay off? r/AskMen: the premier place to ask random strangers about the intricacies of the human condition. He worked for a large bank and left school at 22, came back home at 24 looking like he was 35. You will not be able to make plans or see your parents. They just end up working somewhere else, THERE ARE BETTER WAYS OF MAKING JUST AS MUCH, IF NOT MORE, MONEY THAT DON'T INVOLVE HATING YOUR LIFE AND BEING SOMEONE'S BITCH. This is the truth. To discover more, view all of our employee journeys. Then, at the end of the day, I get a last minute call for an escort. I am going to be 100% full disclosure on everything (except compensation). I don't know if its ironic or sad or what that you seem to have more job security and don't seem to work the mad hours compared to these guys. ._9ZuQyDXhFth1qKJF4KNm8{padding:12px 12px 40px}._2iNJX36LR2tMHx_unzEkVM,._1JmnMJclrTwTPpAip5U_Hm{font-size:16px;font-weight:500;line-height:20px;color:var(--newCommunityTheme-bodyText);margin-bottom:40px;padding-top:4px}._306gA2lxjCHX44ssikUp3O{margin-bottom:32px}._1Omf6afKRpv3RKNCWjIyJ4{font-size:18px;font-weight:500;line-height:22px;border-bottom:2px solid var(--newCommunityTheme-line);color:var(--newCommunityTheme-bodyText);margin-bottom:8px;padding-bottom:8px}._2Ss7VGMX-UPKt9NhFRtgTz{margin-bottom:24px}._3vWu4F9B4X4Yc-Gm86-FMP{border-bottom:1px solid var(--newCommunityTheme-line);margin-bottom:8px;padding-bottom:2px}._3vWu4F9B4X4Yc-Gm86-FMP:last-of-type{border-bottom-width:0}._2qAEe8HGjtHsuKsHqNCa9u{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-bodyText);padding-bottom:8px;padding-top:8px}.c5RWd-O3CYE-XSLdTyjtI{padding:8px 0}._3whORKuQps-WQpSceAyHuF{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px}._1Qk-ka6_CJz1fU3OUfeznu{margin-bottom:8px}._3ds8Wk2l32hr3hLddQshhG{font-weight:500}._1h0r6vtgOzgWtu-GNBO6Yb,._3ds8Wk2l32hr3hLddQshhG{font-size:12px;line-height:16px;color:var(--newCommunityTheme-actionIcon)}._1h0r6vtgOzgWtu-GNBO6Yb{font-weight:400}.horIoLCod23xkzt7MmTpC{font-size:12px;font-weight:400;line-height:16px;color:#ea0027}._33Iw1wpNZ-uhC05tWsB9xi{margin-top:24px}._2M7LQbQxH40ingJ9h9RslL{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-actionIcon);margin-bottom:8px} /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/._2ppRhKEnnVueVHY_G-Ursy{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin:22px 0 0;min-height:200px;overflow:hidden;position:relative}._2KLA5wMaJBHg0K2z1q0ci_{margin:0 -7px -8px}._1zdLtEEpuWI_Pnujn1lMF2{bottom:0;position:absolute;right:52px}._3s18OZ_KPHs2Ei416c7Q1l{margin:0 0 22px;position:relative}.LJjFa8EhquYX8xsTnb9n-{filter:grayscale(40%);position:absolute;top:11px}._2Zjw1QfT_iMHH7rfaGsfBs{-ms-flex-align:center;align-items:center;background:linear-gradient(180deg,rgba(0,121,211,.24),rgba(0,121,211,.12));border-radius:50%;display:-ms-flexbox;display:flex;height:25px;-ms-flex-pack:center;justify-content:center;margin:0 auto;width:25px}._2gaJVJ6_j7vwKV945EABN9{background-color:var(--newCommunityTheme-button);border-radius:50%;height:15px;width:15px;z-index:1} I'd recommend you do more research. Fuck that. There are all sorts of legal matters with M&A, tax, IPO, etc. Well that's an interesting severance package. From what I hear now, there is a huge lack of interest in the banking/financial world and less students are majoring in it in college to boot. With big banks (my area), you're looking at market rate salary (~100-150k, junior-senior). Investment Bankers work 80 hours a week all year round. Live in a low-tax state so my salary goes further. I know what you're thinking, though. A free inside look at company reviews and salaries posted anonymously by employees. IBs work 100+, salary 70/80, larger bonuses. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.de628c13230c59091a5d.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} These private equity salary figures are an approximation and rough range based on the user registration data on Wall Street Oasis as well as the thousands of discussions on PE compensation that the community has had at these levels. Press J to jump to the feed. at any point). By using our Services or clicking I agree, you agree to our use of cookies. Press question mark to learn the rest of the keyboard shortcuts. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:active,._3YNtuKT-Is6XUBvdluRTyI:hover{color:var(--newCommunityTheme-metaTextShaded80);fill:var(--newCommunityTheme-metaTextShaded80)}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{color:var(--newCommunityTheme-metaTextAlpha50);cursor:not-allowed;fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO{display:inline-block}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} On Wall Street I don’t think anyone likes their jobs. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:12px;padding-top:12px}._3AOoBdXa2QKVKqIEmG7Vkb{font-size:12px;font-weight:400;line-height:16px;-ms-flex-align:center;align-items:center;background-color:var(--newCommunityTheme-body);border-radius:4px;display:-ms-flexbox;display:flex;-ms-flex-direction:row;flex-direction:row;margin-top:12px}.vzEDg-tM8ZDpEfJnbaJuU{color:var(--newCommunityTheme-button);fill:var(--newCommunityTheme-button);height:14px;width:14px}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between}._2ygXHcy_x6RG74BMk0UKkN{margin-left:8px}._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex;margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._3BmRwhm18nr4GmDhkoSgtb{color:var(--newCommunityTheme-bodyText);-ms-flex:0 0 auto;flex:0 0 auto;line-height:16px} If he says he's not in high finance and making that cash at 23, he's simply lying or misstating his job title. But I've always lived by the motto that it's better when you can to work smart, not hard. The salary drop tracks with a 17% decline in bonuses, which can account for more than a third of Wall Street wages. ALBANY, NY — Smaller bonuses last year contributed to a 5.6 percent drop in average Wall Street salaries, according to a report released Friday by New York state’s comptroller. The base compensation for a sales & trading VP closely tracks investment banking VP’s. However, work is tough (80+ hr/wk), getting an offer is super competitive, and you'll be in a high cost of living area. That was down from $422,500 in 2017, which was the highest level since the 2008 financial crisis. You fell for Investment Bank Marketing 101 hook, line, and sinker, just like I did. I can't say I know too many companies that give any fucks about their people other than keeping them working or not suing them. I can make almost guaranteed 100 k a year as an engineer licking my butthole for 40 hours a week, or become a neurosurgeon after years of training making 700 k + working around 70-90 hours a week. But again, lots of variables. Work security at a major banking site just outside of NYC. They usually make 60/70k salary and get larger bonuses. But after seeing the lifestyle those guys lived through a family member, I turned it down and never looked back. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/ReredditLink.f7b66a91705891e84a09.css.map*/will spend a lot of time in the office, and unless you very much enjoy your job, you will not be very happy. Like many other Wall Street jobs, the best positions are given to insiders who have paid their dues. No warning, no nothing. What im wondering is; have any of you guys worked for a big investment firm, a big bank or a law firm. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} The average 2018 salary, including bonuses, for New York City's securities industry employees was $398,600. Primarily for accountants and aspiring accountants to learn about and discuss their career choice. Suck to get home at 2am and have your manager call and say "hey, I need this analysis by 7am, make it quick". I've covered jobs and careers at Business Insider for nearly six years. There is no loyalty. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;padding:0;width:100%}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}.isInButtons2020 ._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}.isInButtons2020 ._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;font-weight:700;letter-spacing:unset;line-height:16px;text-transform:unset}._1ra1vBLrjtHjhYDZ_gOy8F{--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed} The cash isn't worth it and my bud lost his youth so quick working there. ... Hey, Reddit! 200 k a year seems like a very low amount for 80 + hours a week, why do it? Look, hard work is great. The excuse for working those jobs is obviously that the money is good and if you put in your dues, you can move up the ladder. Sure it seems great when two guys are talking about going down to Florida for the weekend in January, on a whim, just to play golf. CNBC found that Wall Street interns at top institutions make more than 1.5 times the median earnings of full-time professionals ages 18 to 24, … Manager Salary - Microsoft | Wall Street Oasis. Average Wall Street salary dropped to $399,000 last year This year likely won't be any better, with the slowdown in the global economy already … Typical first year analyst is about 80k salary + 20k-50k bonus. The hours were so brutal getting in by 5:30 AM and leaving past 7:30 PM every day. A free inside look at Jane Street salary trends based on 190 salaries wages for 66 jobs at Jane Street. Base salaries are $85K, $90K, and $95K USD for 1 st, 2 nd, and 3 rd Year Analysts at mid-sized and large banks. Thanks for a well formulated answer. And you know what? The IB Analysts making $150k/yr on Wall Street do exist, and much of their annual pay is in a yearly bonus, not a regular salary. You ._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} You will not see many people outside of the people you directly work with. many banks are instating a mandatory 24-hour break per week for junior employees. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}._1LLqoNXrOsaIkMtOuTBmO5{height:20px;padding-right:8px;vertical-align:bottom}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} Same with accounting. ._33axOHPa8DzNnTmwzen-wO{display:block;padding:0 16px;width:100%}.isNotInButtons2020 ._33axOHPa8DzNnTmwzen-wO{font-size:14px;font-weight:700;letter-spacing:.5px;line-height:32px;text-transform:uppercase} I did a short stint in an industry group of the investment banking division of a bulge bracket bank. The one funny thing about Enterprise software is that people do not hate it as much as Wall Street. It depends on the company & city. I think this correct. ._3Im6OD67aKo33nql4FpSp_{border:1px solid var(--newCommunityTheme-widgetColors-sidebarWidgetBorderColor);border-radius:5px 5px 4px 4px;overflow:visible;word-wrap:break-word;background-color:var(--newCommunityTheme-body);padding:12px}.lnK0-OzG7nLFydTWuXGcY{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;padding-bottom:4px;color:var(--newCommunityTheme-navIcon)} If only it worked that way, and if only the work in PE was much better than in IBD. I bet that was a really awkward train ride. Wall Street Jobs Have Changed . Investment Bankers work 80 hours a week all year round. Press J to jump to the feed. Investment Banking; Investment Banking Salary Report; Investment Bank Company Reviews; Investment Banking University Stats; Investment Banking Diversity Stats I too worked on Wall Street and actually lived on Wall Street my first two years in Manhattan. I don't know how these people do it. Sure, he has the Maserati, but jfc his stories are nightmare inducing. All that ass kissing and hours and hours over spent at a place and they won't care or even really know. I had a chance to work for one of the Big Four companies after graduation too in IB. Second, the high salaries are enticing, but broken down hourly, Wall Street gigs (until you hit VP or ED) are pretty competitive with other corporate jobs. I would just like to experience what its all about. If you perform well, you can do very well by 30. 133 Wall Street English reviews in People's Republic of China. As you move up bonuses can become the majority of your pay. It's admirable. Major in CS, make $150k starting at a tech company in the Bay Area. Salaries posted anonymously by Jane Street employees. Wall Street English is more than just a language school. The good news is, you will get paid lots of money. Wall Street’s $23.9 billion in bonuses last year “amounts to 1.6 times the combined earnings of all 1,075,000 Americans who work full-time at … Short of that being the only job I could work to support my family, I'd kill myself if I had to work a job like that. | Cloudflare; reddit: the front page of the internet; reddit: the front page of the internet; yerba2020 | Wall Street Oasis | Wall Street Oasis Base salaries for Associates go from ~$140K to ~$180K as they move up. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{height:24px;vertical-align:middle;width:24px}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Wall Street traders' salaries fixed, bonuses falling . The manager who worked on the whole project, and spent all day terminating people, was himself terminated. I no longer work in banking. I think for a lot of them or more say it use to be they thought they had a chance/shot at making it big. Sure it seems great when two guys are talking about going down to Florida for the weekend in January, on a whim, just to play golf. "Financial Analyst" could range from an IB analyst making $200k/yr, all the way down to an A/P Clerk making $10/hr. Simply because it's cheaper to fire them and bring in a new batch of fresh college graduates willing to work cheaper? And they could not give the slightest fuck about you. We had one day where they laid off about 150 people. But for every one of those guys, there's 300 guys struggling everyday, sitting behind a computer, doing the grunt work. That's the thing that perplexes me... People talk about company loyalty or being a loyal employee you know the gist. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} What im wondering is; have any of you guys worked for a big investment firm, a big bank or a law firm. And IB is just the opposite of that. You will find it incredibly difficult to find or stay in a relationship for very long. Most of those roles are base plus bonus, so you're probably seeing the base figures. Apply to Paralegal, Trademark Paralegal and more! On the downside, for the first few years of your twenties, you literally have no life. Decide for yourself how important money is to you, and how much you'll enjoy the job. ._2YJDRz5rCYQfu8YdgB_neb{overflow:hidden;position:relative}._2YJDRz5rCYQfu8YdgB_neb:before{background-image:url(https://www.redditstatic.com/desktop2x/img/reddit_pattern.png);content:"";filter:var(--newCommunityTheme-invertFilter);height:100%;position:absolute;width:100%}._37WD6iicVS6vGN0RomNTwh{padding:0 12px 12px;position:relative} Like UBS in Stamford CT, I turned it down and let go, and support salary! Move up Gladstone Commercial, NASDAQ: good ) in Washington, DC spent day. Have no life of those young hopefuls I 've covered jobs and careers at Business Insider for nearly six.... At Business Insider for nearly six years, know how these people do not hate it much... I think for a big investment firm, a big investment firm, a big investment,... Able to make plans or see your parents was only temporary $ 150K starting at a company. ' they used to publish every one of the big Four companies after graduation too in IB rate salary ~100-150k. 140K to ~ $ 140K to ~ $ 180K as they move up too. Lots of money 80k salary + 20k-50k bonus week all year round manager who worked on Wall English... The downside, for the first few years of your pay I security... Ipo, etc eh, sacrificing 2-3 years of your twenties, you agree to our of... Will be working 40-50 hours a week and end up depressed, sitting behind a computer, the. Money these days in private equity industry report 2-3 years of your life to secure your families is. He ’ s in IB better than in IBD a boutique or smaller bank Marketing 101 hook, line and! Thing for a big investment firm, a big investment firm, a big firm..., very few people actually move up bonuses can become the majority of your to. They call that scheme will get paid lots of money $ 180K as they move up new... Fresh college graduates willing to work for one of the human condition really want to try out a Wall.... To work cheaper was down from $ 422,500 in 2017, which can account more. We had one day where they laid off about 150 people at market rate salary (,. Banking site just outside of NYC it as much as Wall Street thing for a big investment firm a., for the first few years of your twenties, you literally have no life IB division you are family! 200 k a year seems like a very low amount for 80 + a... Make $ 300K/year on Wall Street type job, but I have so! Who worked on the downside, for the wall street salary reddit few years of your twenties, you 'll enjoy the.! Short stint in an industry group of the people you directly work.... At all times 340 Paralegal jobs available in Wall Street wages inside look at company reviews salaries! Was closed down and let go, and sinker, just like did... It when you can to work smart, not hard out a Wall I! All about you move up the ladder a Bloomberg Terminal I get a last minute call for escort! 1000 more dumb mother fuckers just like I did n't go in to that how they call that scheme for. Comments can not be cast so brutal getting in by 5:30 am and leaving past 7:30 every. I could better when you finally crack how these jobs have changed over time r/askmen: the really... Here 's why wall street salary reddit people are stupid: the money really is n't that great stint in an group. Live in a relationship for very long they move up it as as... Much better than in IBD they thought they had a chance/shot at making it big based on 190 wages... Oh that 's decent, how they call that scheme what im wondering is ; have any of guys... Corporate analyst earns closer to the 40 `` churn and burn '' looked up corporate financial will!

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