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Do programmers on Wall Street ever see similar bonuses, or is it necessary to work on the trading floor?
by nilkn 13y ago
Do programmers on Wall Street ever see similar bonuses, or is it necessary to work on the trading floor?
- ChristianMarks 13y agoNo way. Programmers are on the wrong side of the suit/geek divide, which is something like the blood-brain barrier.
- nilkn 13y agoBummer. I suppose what I should really be asking, though, is this: do programmers on Wall Street make enough to live comfortably in the city while still hitting normal savings goals, like retirement? For Manhattan, I'm thinking this would be a total comp. of $200k or above.
- ChristianMarks 13y agoOne can live comfortably in the city on ~ 95K. Perhaps one would have to make $200K on Wall Street, if only because turnover tends to be high.
- kchoudhu 13y agoIf you avoid the Wall Street lifestyle, you can make do quite beautifully on about $150K a year, which is what my wife and I do. It's a good way to save for other life aims, for sure.
- nilkn 13y agoI probably over-estimated what I'd need. I was just basing the number on what I make currently and the difference in COL. It wouldn't be possible for me to maintain my current savings goals on $95k in Manhattan.
- kchoudhu 13y agoNo. Not unless you're the techie that makes partner, in which case you're still going to bring in less than the people who are actually swinging pnl.