Your recent graduate dc major/ profession/ Income ?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do investment bankers really make 300k after 2 years?

The bank's salaries are the biggest expense and yes, pay is great at the top ones or boutique. There are smaller, regional IB firms (there are a couple in DC area too) and newcomers like M&T Bank and those pay much much less. (Big) banking has NO W/L balance. We had to work more than 100 hours and I got so many UTIs because I couldn't use the bathroom enough. My friend got shingles in his 20s. Lots of cavities (nobody had time to go to the dentist), lots of coke to stay awake. Most burned out after 2 years, went to grad school to do something else or move to the industry related to their group. Lots in research try to transition from the sell side to the buy side, where the schedule is better and $ is good. If you survive and are able to backstab most of the analysts, the bank pays for 2 years of MBA (Stern is great and in the city) and then you become a VP, make more $, torture the analysts, and backstab more to get to MD. My understand is that law is the same but with slightly lower salaries, as if you don't have partner potential, you are asked to start looking around.
IMO, going for big consulting like Bain and McKinsey is better, as the salaries are great and the W/L balance is better. The work is fun and easy too, as you don't have to implement anything, like Accenture.

This happened to me at a big ad firm in Chicago, ugh.
Reading the "plastic white chair" GS stories sobered my kid up fast.

[Anonymous]

Anonymous wrote:Do investment bankers really make 300k after 2 years?

If you can make it past year 2. 90% of people couldn’t.
And 300k isn’t even a lot in nyc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do investment bankers really make 300k after 2 years?

The bank's salaries are the biggest expense and yes, pay is great at the top ones or boutique. There are smaller, regional IB firms (there are a couple in DC area too) and newcomers like M&T Bank and those pay much much less. (Big) banking has NO W/L balance. We had to work more than 100 hours and I got so many UTIs because I couldn't use the bathroom enough. My friend got shingles in his 20s. Lots of cavities (nobody had time to go to the dentist), lots of coke to stay awake. Most burned out after 2 years, went to grad school to do something else or move to the industry related to their group. Lots in research try to transition from the sell side to the buy side, where the schedule is better and $ is good. If you survive and are able to backstab most of the analysts, the bank pays for 2 years of MBA (Stern is great and in the city) and then you become a VP, make more $, torture the analysts, and backstab more to get to MD. My understand is that law is the same but with slightly lower salaries, as if you don't have partner potential, you are asked to start looking around.
IMO, going for big consulting like Bain and McKinsey is better, as the salaries are great and the W/L balance is better. The work is fun and easy too, as you don't have to implement anything, like Accenture.

This happened to me at a big ad firm in Chicago, ugh.
Reading the "plastic white chair" GS stories sobered my kid up fast.

I guess it’s better to have bathroom issues while being compensated at 350k per year than at 35k per year.

[Anonymous]

So you get the idea.

Tech, Investment Banking, Consulting = $$$

Majors = STEM: CS, Math/Staticstics, Electirical/Computer Engineering, etc. and Business or Econ.
(if Econ, name brand school where no undergraduagte business program)

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do investment bankers really make 300k after 2 years?

If you can make it past year 2. 90% of people couldn’t.
And 300k isn’t even a lot in nyc.

There are many, many 3rd year investment bankers NOT making 300k, even within the 10% that stay. 200k easily doable in year 3. 300k rarer

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do investment bankers really make 300k after 2 years?

The bank's salaries are the biggest expense and yes, pay is great at the top ones or boutique. There are smaller, regional IB firms (there are a couple in DC area too) and newcomers like M&T Bank and those pay much much less. (Big) banking has NO W/L balance. We had to work more than 100 hours and I got so many UTIs because I couldn't use the bathroom enough. My friend got shingles in his 20s. Lots of cavities (nobody had time to go to the dentist), lots of coke to stay awake. Most burned out after 2 years, went to grad school to do something else or move to the industry related to their group. Lots in research try to transition from the sell side to the buy side, where the schedule is better and $ is good. If you survive and are able to backstab most of the analysts, the bank pays for 2 years of MBA (Stern is great and in the city) and then you become a VP, make more $, torture the analysts, and backstab more to get to MD. My understand is that law is the same but with slightly lower salaries, as if you don't have partner potential, you are asked to start looking around.
IMO, going for big consulting like Bain and McKinsey is better, as the salaries are great and the W/L balance is better. The work is fun and easy too, as you don't have to implement anything, like Accenture.

This happened to me at a big ad firm in Chicago, ugh.
Reading the "plastic white chair" GS stories sobered my kid up fast.

I guess it’s better to have bathroom issues while being compensated at 350k per year than at 35k per year.

PP here. Yes, absolutely, I mean sanitation workers, cleaning crews, unskilled nurses in assisted facilities have much harder jobs. Working 12 hours days doing valuation is infinitely better than changing old people diapers for $10/hour. And to the PP who said 300K is not much it - it is when you are 23 y/o. Everyone has roommates and you barely have time to shower, forget about shopping. The bank also feeds you if you work late, which was always.

[Anonymous]

Anonymous wrote:So you get the idea.

Tech, Investment Banking, Consulting = $$$

Majors = STEM: CS, Math/Staticstics, Electirical/Computer Engineering, etc. and Business or Econ.
(if Econ, name brand school where no undergraduagte business program)

I'm the European PP. My friend has a fine arts degree and a PhD in Architecture. One of her smaller paintings is $25K euros and she probably sells around 10 per month. She also has a long term government contract to consult in the restauration of Beaux-Arts buildings and I think that's a couple of millions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So you get the idea.

Tech, Investment Banking, Consulting = $$$

Majors = STEM: CS, Math/Staticstics, Electirical/Computer Engineering, etc. and Business or Econ.
(if Econ, name brand school where no undergraduagte business program)

I'm the European PP. My friend has a fine arts degree and a PhD in Architecture. One of her smaller paintings is $25K euros and she probably sells around 10 per month. She also has a long term government contract to consult in the restauration of Beaux-Arts buildings and I think that's a couple of millions.

You have to be really lucky and have connnections. Her parents are probbly rich and have networks.
People here are much more interested in general average outcomes, not some exotic once in a blumoon stories

Art major average starting salary = $25,000
Art field is Wild Wild West

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do investment bankers really make 300k after 2 years?

The bank's salaries are the biggest expense and yes, pay is great at the top ones or boutique. There are smaller, regional IB firms (there are a couple in DC area too) and newcomers like M&T Bank and those pay much much less. (Big) banking has NO W/L balance. We had to work more than 100 hours and I got so many UTIs because I couldn't use the bathroom enough. My friend got shingles in his 20s. Lots of cavities (nobody had time to go to the dentist), lots of coke to stay awake. Most burned out after 2 years, went to grad school to do something else or move to the industry related to their group. Lots in research try to transition from the sell side to the buy side, where the schedule is better and $ is good. If you survive and are able to backstab most of the analysts, the bank pays for 2 years of MBA (Stern is great and in the city) and then you become a VP, make more $, torture the analysts, and backstab more to get to MD. My understand is that law is the same but with slightly lower salaries, as if you don't have partner potential, you are asked to start looking around.
IMO, going for big consulting like Bain and McKinsey is better, as the salaries are great and the W/L balance is better. The work is fun and easy too, as you don't have to implement anything, like Accenture.

This happened to me at a big ad firm in Chicago, ugh.
Reading the "plastic white chair" GS stories sobered my kid up fast.

I guess it’s better to have bathroom issues while being compensated at 350k per year than at 35k per year.

PP here. Yes, absolutely, I mean sanitation workers, cleaning crews, unskilled nurses in assisted facilities have much harder jobs. Working 12 hours days doing valuation is infinitely better than changing old people diapers for $10/hour. And to the PP who said 300K is not much it - it is when you are 23 y/o. Everyone has roommates and you barely have time to shower, forget about shopping. The bank also feeds you if you work late, which was always.

NP
Are most new graduates with that kind of income from brand name colleges with type A personalities?

[Anonymous]

I have no idea how your graduates are all making that much money. Even my CS kid, who graduated 7 years ago, took years to get to 6 figures and is now at $200K in the Midwest. My other kids are in the $60s, including my daughter in her thirties. All college-educated, smart, and driven.

Anyway, my recent graduate (one year out) - Biostat major - is making $43K working with clinical research data. I actually think that's very respectable!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do investment bankers really make 300k after 2 years?

The bank's salaries are the biggest expense and yes, pay is great at the top ones or boutique. There are smaller, regional IB firms (there are a couple in DC area too) and newcomers like M&T Bank and those pay much much less. (Big) banking has NO W/L balance. We had to work more than 100 hours and I got so many UTIs because I couldn't use the bathroom enough. My friend got shingles in his 20s. Lots of cavities (nobody had time to go to the dentist), lots of coke to stay awake. Most burned out after 2 years, went to grad school to do something else or move to the industry related to their group. Lots in research try to transition from the sell side to the buy side, where the schedule is better and $ is good. If you survive and are able to backstab most of the analysts, the bank pays for 2 years of MBA (Stern is great and in the city) and then you become a VP, make more $, torture the analysts, and backstab more to get to MD. My understand is that law is the same but with slightly lower salaries, as if you don't have partner potential, you are asked to start looking around.
IMO, going for big consulting like Bain and McKinsey is better, as the salaries are great and the W/L balance is better. The work is fun and easy too, as you don't have to implement anything, like Accenture.

This happened to me at a big ad firm in Chicago, ugh.
Reading the "plastic white chair" GS stories sobered my kid up fast.

I guess it’s better to have bathroom issues while being compensated at 350k per year than at 35k per year.

PP here. Yes, absolutely, I mean sanitation workers, cleaning crews, unskilled nurses in assisted facilities have much harder jobs. Working 12 hours days doing valuation is infinitely better than changing old people diapers for $10/hour. And to the PP who said 300K is not much it - it is when you are 23 y/o. Everyone has roommates and you barely have time to shower, forget about shopping. The bank also feeds you if you work late, which was always.

NP
Are most new graduates with that kind of income from brand name colleges with type A personalities?

Of course.

[Anonymous]

Anonymous wrote:I have no idea how your graduates are all making that much money. Even my CS kid, who graduated 7 years ago, took years to get to 6 figures and is now at $200K in the Midwest. My other kids are in the $60s, including my daughter in her thirties. All college-educated, smart, and driven.

Anyway, my recent graduate (one year out) - Biostat major - is making $43K working with clinical research data. I actually think that's very respectable!

Thanks for your honesty. Methinks the trolls abound on this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have no idea how your graduates are all making that much money. Even my CS kid, who graduated 7 years ago, took years to get to 6 figures and is now at $200K in the Midwest. My other kids are in the $60s, including my daughter in her thirties. All college-educated, smart, and driven.

Anyway, my recent graduate (one year out) - Biostat major - is making $43K working with clinical research data. I actually think that's very respectable!

Thanks for your honesty. Methinks the trolls abound on this thread.

Bunch of wannabe bankers that are pretending

[Anonymous]

Anonymous wrote:So you get the idea.

Tech, Investment Banking, Consulting = $$$

Majors = STEM: CS, Math/Staticstics, Electirical/Computer Engineering, etc. and Business or Econ.
(if Econ, name brand school where no undergraduagte business program)

Yes, and
Take the “S” out from STEM.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:French Lit
Carpenter (apprentice to master carpenter)

No clue but does truly beautiful work. He’s supporting himself.

That's fantastic! Sounds like you raised an interesting person.

I love this one too.

+1 love, love, love this. I wish more people would go down this path.

+2. But like this kid AFTER he got his education.

Or at least business education. If you're going to be self-employed, you need to have a lot of skills in managing your business, which includes the financial and marketing ends.

Our cousin is a Master Carpenter. He is highly sought after and travels the world because of his skills yet it is the business end that keeps tripping him up. Fortunately, now one of his sons is working with him and that young man has a business degree. The family is now much more financially stable with the son managing the business.

It is one thing to be a master at your craft, it is entirely another to be master of your craft and be able to live off of it because you know how to manage the business end of things.

Yep. I'm European and one of my elementary school friends is a semi-famous artist. She comes from a family of artists, so she grew up in the industry, and is SO GOOD at marketing herself and managing the business. She hires a PR firm and is a superb salesperson - she doesn't have kids and travels the world to galleries.

+100

To succeed in the arts, you need to have the talent as well as a keen business acumen.