4 ms·
This is not as easy as it sounds. If it was, everyone would do it. A finance job on wall street does not guarantee you will become a millionaire in a few years.
by crazynick4 8y ago
This is not as easy as it sounds. If it was, everyone would do it. A finance job on wall street does not guarantee you will become a millionaire in a few years. I worked for a few years in the finance department of a Wall St company and made decent money, even above average for someone out of college with a bachelor's (still not great for NYC), but if you want to make the millions you have to get with a very close-knit crowd of the dealers/brokers/market makers who are not open to letting in new people easily. And given the scandals and fraud which we read about in the news regularly, I can deduce at least one reason why.
Just my n=1 but I knew a significant number of people who worked with me, even ones who were closer to the higher ups who still ended up with a nice but not extraordinary salary