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Some observations having put some time in on Wall Street between tech stints... 1 - There are a lot of jobs a few years out of undergrad or MBA that pay low 6
by mathattack 9y ago
Some observations having put some time in on Wall Street between tech stints...
1 - There are a lot of jobs a few years out of undergrad or MBA that pay low 6 figures.
2 - The hedge fund jobs that are mid to high six figures are much harder to get. It's not "Graduate, sit and wait"
3 - Most of the comp is in bonus, and there is tremendous job risk. (Base salaries top out around 100K) If you make $750K for a good year, and then have 2 bad quarters, you're fired without any bonus, and good luck getting the next job due to the weak track record.
4 - The industry goes through purges every 6-8 years where masses of people get laid off. (2008 was the last - they're overdue)
5 - The industry is cutting employment over time.