Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

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03/15/2023 11:35

Subject: Re:Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

Anonymous wrote:

Anonymous wrote:My DD worked for ten years as a trader at GS for 900K+ per year salary. She made 1.7M at GS in her last year there. After ten years at GS and saving almost all of her GS's earnings, she left and became a HS physics teacher. She is making 1/18th less as a HS teacher but she is very happy that she is making a difference in people's lives.

The pay is nowhere near that high.

Right, but she has millions saved up, so money doesn't matter at this point.

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03/15/2023 11:39

Subject: Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

I was at Blackstone for 5 years, the hours was actually 8-5:30, not too bad. Obviously not WLB enough compared to Fannie where everyone blocks out 3:30pm for school pick up.

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03/15/2023 11:45

Subject: Re:Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

Anonymous wrote:

Anonymous wrote:My DD worked for ten years as a trader at GS for 900K+ per year salary. She made 1.7M at GS in her last year there. After ten years at GS and saving almost all of her GS's earnings, she left and became a HS physics teacher. She is making 1/18th less as a HS teacher but she is very happy that she is making a difference in people's lives.

The pay is nowhere near that high.

No, she didn’t make that much at GS. Do you think people on this board didn’t attend feeder schools to those places?

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03/15/2023 12:14

Subject: Re:Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My DD worked for ten years as a trader at GS for 900K+ per year salary. She made 1.7M at GS in her last year there. After ten years at GS and saving almost all of her GS's earnings, she left and became a HS physics teacher. She is making 1/18th less as a HS teacher but she is very happy that she is making a difference in people's lives.

The pay is nowhere near that high.

No, she didn’t make that much at GS. Do you think people on this board didn’t attend feeder schools to those places?

“My DD worked for ten years as a trader at GS for 900K+ per year salary. She made 1.7M at GS in her last year there.”

I call troll

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03/15/2023 14:08

Subject: Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

Money and comfort level.

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03/15/2023 16:15

Subject: Re:Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My DD worked for ten years as a trader at GS for 900K+ per year salary. She made 1.7M at GS in her last year there. After ten years at GS and saving almost all of her GS's earnings, she left and became a HS physics teacher. She is making 1/18th less as a HS teacher but she is very happy that she is making a difference in people's lives.

The pay is nowhere near that high.

No, she didn’t make that much at GS. Do you think people on this board didn’t attend feeder schools to those places?

“My DD worked for ten years as a trader at GS for 900K+ per year salary. She made 1.7M at GS in her last year there.”

I call troll

How much do traders actually make on average? DD is a CS freshman, and several investment banks are already willing to interview her for their trader programs/internships.

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03/15/2023 16:19

Subject: Forgive me, but why do people who are in their mid-30s and beyond stay at companies and firms known

quote

Anonymous

Because with seniority comes better WLB - because there are always new junior people willing to pay dues and burn them selves out for you. It’s like the hunger games. Most people are out in 2-3 years. If you make it beyond new manager, it’s not that bad. I’ve been at a very large consulting company for 20+ years and it’s great - and it’s been great since year 9 or so. But I worked an insane amount the first 9 years.