lot of sais grads in 'country risk' desks for bulge bracket banks. those certainly pay a lot more (not IB or trader money) but very decent with interesting work and better hours than ib. |
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Think tank jobs for IR grads with MAs pay in the low/mid 40s. And we could fill every job a few hundred times over. I know people complain a lot about these salaries; however, the plus side is lots of leave time, opportunities for schmoozing, contacts and networking.
I hate to say it, but that (networking) is the key to getting a job in this field, and to progressing to the next job. The big schools have very well integrated networks in most big DC institutions and I find students seem to use these contacts to their advantage. Fwiw I have been watching over 2 decades plus as my classmates from a top tier IR school have progressed in their careers; they all seem to find well-paying, interesting positions and build meaningful and impressive careers. It's not obvious when you're just starting out, but somehow it seems to happen. |
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I think IR grads are aware of the pay and the grounded ones aren't as irked about the pay scale as much as you said the competitiveness for any job tangentially related to the field. |