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Can you substantiate that comment? Are you referring to salary/bonus growth being slower in leaner years? Is there a significant difference over a 40 year work
by rrf 18y ago
Can you substantiate that comment? Are you referring to salary/bonus growth being slower in leaner years? Is there a significant difference over a 40 year work life?
- ardit33 18y agothis is very known, and there has been lots of articles about it. You probably could google this yourself: http://www.portfolio.com/views/blogs/odd-numbers/2008/06/04/graduating-during-bad-economic-times http://www.portfolio.com/views/blogs/odd-numbers/2008/06/04/...
- copenja 18y agoRead the article. The first study says the the income gap closes within 10 years. 10 years is not a "lifetime".
- ardit33 18y agoThat was done in Canada. The second one (done in the US) says: "Another study of M.B.A. students by Stanford economist Paul Oyer to be published in the Journal of Finance, found that having the bad luck of graduating during a bear market could slash lifetime earnings. Oyer estimated that during a bull market, someone who gets an investment banking job upon graduation earned an additional $1.5 million to $5 million throughout their lives when compared to someone who graduated during a bear market. This was in the 1990's, so it's likely to be even higher now. "
- sethg 18y agoI don't see how this can be generalized to workers in general; investment banking is hardly a typical job.