4 ms·
I would say that in general, for an MBA to reach the $5M point, they have to be part of a startup. For an MD to reach that point, he has to start a very success
by BrandonM 18y ago
I would say that in general, for an MBA to reach the $5M point, they have to be part of a startup. For an MD to reach that point, he has to start a very successful practice or make some good investments to go along with his income. So I think those two positions already fit into the mentioned data.
- jedc 18y agoExcept for those MBA's that go into the higher tiers of banking/finance/trading. Those guys can get bonuses that, if saved over a few years, could easily reach $5M.
- BrandonM 18y agoIn that case, though, the "savings" are likely to be decent investments. In any case, it's hard to get away from the post's breakdown of methods to get to $5M.
- jedc 18y agoTrue. And those top finance jobs still go to a small minority of people.
- hugh 18y agoIn my understanding an MBA isn't considered much of a qualification in finance, banking or trading. Quants have quantitative degrees, while traders... well, they just seem to be some kind of trained gorilla as far as I can figure out.
- breck 18y agoQuants and traders aren't the only people on wall street. I think most ibankers, besides the first and second years, have mbas.