Your recent graduate dc major/ profession/ Income ?

[Anonymous]

Anonymous wrote:

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Anonymous wrote:CS & Econ double major
IB
$340,000

Yeah sure one year after graduating

2 years.

GS?

GS is not paying 340k to anyone 2 years out of college.

Investment Banks paid record amount of bonuses for 2021. Besides, Citadel is paying 450-550k for grads 2 years out. 340k probably includes bonuses.

None of you guys know what you're talking about. I've been teaching in business school for 15 years. The quoted salary is so far outside of reality that it is ridiculous. Think 100k-150k for a very nice IB starting salary for an undergrad. I think it's telling that two people earlier in the thread thought IB is "international banking." This site is truly full of buffoons. Now, if we're talking MBA or PhD, that's a different story.

You forgot the bonuses. Bonuses have been ridiculous for the past two years. Salary for fresh grad is about 100k and bonus is about 60k. There is a signing bonus of about 45k making the compensation about 200k for incoming analyst for front office positions.

It could definitely be 340k after 2-2.5 years.

Contingent on being a great performer and getting promoted to associate, agreed. Normally associate promotion wouldn't be until after 3 years though so I'm still calling BS on this post

I have a kid in IB (strats) and he was promoted to Associate after 2.5 years and all his friends were promoted to Associates after 2.5 years. Analysts leave if they are not promoted after 2.5 years and they get contacted by recruiters every week with enticements to leave to double their salaries after few weeks on the job.

[Anonymous]

Business at a t-25
English teacher in Asia
$27k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:CS & Econ double major
IB
$340,000

Yeah sure one year after graduating

2 years.

GS?

GS is not paying 340k to anyone 2 years out of college.

Investment Banks paid record amount of bonuses for 2021. Besides, Citadel is paying 450-550k for grads 2 years out. 340k probably includes bonuses.

None of you guys know what you're talking about. I've been teaching in business school for 15 years. The quoted salary is so far outside of reality that it is ridiculous. Think 100k-150k for a very nice IB starting salary for an undergrad. I think it's telling that two people earlier in the thread thought IB is "international banking." This site is truly full of buffoons. Now, if we're talking MBA or PhD, that's a different story.

You forgot the bonuses. Bonuses have been ridiculous for the past two years. Salary for fresh grad is about 100k and bonus is about 60k. There is a signing bonus of about 45k making the compensation about 200k for incoming analyst for front office positions.

It could definitely be 340k after 2-2.5 years.

Contingent on being a great performer and getting promoted to associate, agreed. Normally associate promotion wouldn't be until after 3 years though so I'm still calling BS on this post

I have a kid in IB (strats) and he was promoted to Associate after 2.5 years and all his friends were promoted to Associates after 2.5 years. Analysts leave if they are not promoted after 2.5 years and they get contacted by recruiters every week with enticements to leave to double their salaries after few weeks on the job.

Say 2.5 years one more time……I dare you.

[Anonymous]

Anonymous wrote:Business at a t-25
English teacher in Asia
$27k

GPA 2.1?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:CS & Econ double major
IB
$340,000

Yeah sure one year after graduating

2 years.

GS?

GS is not paying 340k to anyone 2 years out of college.

Investment Banks paid record amount of bonuses for 2021. Besides, Citadel is paying 450-550k for grads 2 years out. 340k probably includes bonuses.

None of you guys know what you're talking about. I've been teaching in business school for 15 years. The quoted salary is so far outside of reality that it is ridiculous. Think 100k-150k for a very nice IB starting salary for an undergrad. I think it's telling that two people earlier in the thread thought IB is "international banking." This site is truly full of buffoons. Now, if we're talking MBA or PhD, that's a different story.

You forgot the bonuses. Bonuses have been ridiculous for the past two years. Salary for fresh grad is about 100k and bonus is about 60k. There is a signing bonus of about 45k making the compensation about 200k for incoming analyst for front office positions.

It could definitely be 340k after 2-2.5 years.

Contingent on being a great performer and getting promoted to associate, agreed. Normally associate promotion wouldn't be until after 3 years though so I'm still calling BS on this post

I have a kid in IB (strats) and he was promoted to Associate after 2.5 years and all his friends were promoted to Associates after 2.5 years. Analysts leave if they are not promoted after 2.5 years and they get contacted by recruiters every week with enticements to leave to double their salaries after few weeks on the job.

Are they coming from brand name colleges with type A personality?

[Anonymous]

Anonymous wrote:Economics
Peace Corp volunteer
$24k a year (I think).

Think they have not changed the stopes since the Kennedy Asministration. Believe it to be $6 or $8000/year. The check I received lasted 3 months. This was in the early 00’s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Economics
Peace Corp volunteer
$24k a year (I think).

Think they have not changed the stopes since the Kennedy Asministration. Believe it to be $6 or $8000/year. The check I received lasted 3 months. This was in the early 00’s.

Stipend. Not stopes.

[Anonymous]

I am guffawing at these posts. Man, y'all are delusional liars.

[Anonymous]

Anonymous wrote:Villanova ROTC class of 2020
Political Science major
Naval Officer
~$70,000

Thank him/her for their service!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Business at a t-25
English teacher in Asia
$27k

GPA 2.1?

NP
Why are you so snarky?
$27k in low cost Asian country for young person is good income.

[Anonymous]

Business/ finance
$150K

[Anonymous]

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Anonymous wrote:History
I-banking
220k

How does a history major get into international banking?

I would assume some sort of pedigree is involved.

You mean like a degree from an Ivy? No, not at all.

You got lucky

Not at all. Look into large banks.

I looked. You got lucky.

Top investment banking and consulting firms hire from some humanities majors here and there, but obviously most from business, econ, math/statics, and stem majors.

Some data
https://www.collegetransitions.com/dataverse/top-feeders-banking
https://www.peakframeworks.com/post/ib-target-schools

My DC in investment banking. Not from these schools. Non feeder applicant.

[Anonymous]

IB has had a real problem in the last couple of years with Covid. All the P/F classes make it hard to determine who really qualifies.

[Anonymous]

Anonymous wrote:Business at a t-25
English teacher in Asia
$27k

Wow what a bum

[Anonymous]

Anonymous wrote:

Anonymous wrote:Business at a t-25
English teacher in Asia
$27k

Wow what a bum

What a great life experience! Sometimes, the experience is worth more than the money. I assume this teacher can come back to the States and begin a new career earning more but it’s much tough to start a career then leave to live abroad for the experience.