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"Maximize income" is not helpful without probabilities attached to the outcomes. What percentage of people who start in banking end up as partners making $5m? A
by wskinner 8y ago
"Maximize income" is not helpful without probabilities attached to the outcomes. What percentage of people who start in banking end up as partners making $5m? And what does the income distribution for the rest of the bankers look like?
I suspect the long term payoff distribution for engineers is fatter, meaning if you end up around the 25th to 75th percentile, which you should expect to do, you will earn more as an engineer.
- mikekij 8y agoBy "Maximize income" I mean Expected Value. The Expected Value of a lifetime of investment banking is certainly higher than that of a software engineer. While not every investment banker ends up making $5M, very few make less than $200k.