storgendibal

9 ms·

61.
by storgendibal 12y ago
Lol! I was in a large tech company, so the stock was as good as cash. Since I could not get finance-level pay, I figured out how to draw lines around my work so I at least had a pretty good life outside of work. It took me a couple of years
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by storgendibal 12y ago
I think the saying comes from junior bankers and lawyers, before their first bonus check, although even then, the math does not work out to minimum wage. When I graduated college, base salaries in banking were about $65,000, which leads to
63.
by storgendibal 12y ago
I guess my point about minimum wage was not relevant to this discussion.
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by storgendibal 12y ago
Actually, it gets better. That's the dirty little secret that I never knew about. Investment banking used to have insane hours (100+ basically on call all the time). The idea was that after 4-5 years you leave for a buy-side gig (hed
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by storgendibal 12y ago
Heh, 60 hours is a low intensity week in management consulting and especially investment banking. Once upon a time, a banker 2-3 years out of an MBA (say 28-30) would make $300-500K cash. The hourly rate is lower than minimum wage though (t
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by storgendibal 12y ago
Thanks for the detailed, informative reply!
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by storgendibal 12y ago
So if neurons did evolve twice, it is unlikely they are the Great Filter. Hopefully it is still behind us.
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by storgendibal 12y ago
I'm not sure about undergrad hires (analysts) but business school hires for banking has been trending down in the last couple of years (anecdotally). At my program (a US business school), banking has gone from being the most coveted in
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by storgendibal 12y ago
I have been using the SP1 as a student for over a year now and love it. I print all PDF hand-outs to OneNote and annotate them with notes from class. Everything is indexed so I can search across 5 quarters worth of notes in an instant and a