5 ms·
Mean Salary at Goldman Sachs last year was $650K. Obviously, the distribution is non-gaussian, so the median salary is significantly lower. Meaning, you start
by npk 19y ago
Mean Salary at Goldman Sachs last year was $650K. Obviously, the distribution is non-gaussian, so the median salary is significantly lower.
Meaning, you start working at GS for $100K/year, because, in a few years (if you're good) you'll grow to the $1M+ category. On a risk-adjusted basis, ibanking is the most lucrative profession.
- timr 19y agoI'm not disputing that the salaries are high; I'm saying that the high salaries do not fit with the demand for the job. There has to be another filter at work. Specifically, I suspect that luck plays a highly significant role.
- wallflower 19y agoLuck and Survival... Jungle smarts. Desire to become BSDs Liar's Poker is an excellent first-person view of the NSFW work environment at Salomon Brothers. But don't read LP - read Fiaz's top-rated (34-point) personal story of becoming a trader: http://news.ycombinator.com/item?id=121413 http://news.ycombinator.com/item?id=121413 "After racking up some rather hefty losses, I was determined to quit at one point during month four, but because I had a habit of waking up at 4:30 am I simply "forgot" that the night before I told myself I would quit and spare myself further humiliation...by then I was warned that I was now on the red list of traders ready to be cut."