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the figures he referenced are straight salary. A typical 30 year old investment banker at top firms will make 400k salary, but could easily be over 7 figures w

• United857 13y ago
  Not just startups, but even big companies like Google and Facebook have seen significant stock growth that have resulted in 2-3x compensation increases -- even if you joined post-IPO.
  • jazzyk 13y ago
    Ah, yes the "get rich through stock options" myth again. It is funny how everyone uses Facebook and Google as examples not realizing that they are pretty much unicorns. The truth is that 7 out 10 start-ups fail, and your options will be close to (or completely) worthless. Even if your start-up does well, are you really going to get rich with your 0.05% share of the company? Except for VP Eng or CTO positions, it is rare that anyone in development gets more than 0.5% of shares. Which are diluted at every round of subsequent VC round.
• walshemj 13y ago
  the average banking bonus is far less risky ie it will pay out most if not all of the time