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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is this a post to ask what to major in, what a new grad should expect to receive (in which case, we'd want to know more about their background)?

New grads starting at quant finance firms like Jane Street, Citadel, DE Shaw, etc. can make $300K (including bonus) a year in the first year. My child has one of these (top university for recruiting, math major, and no joke skills). But this is not something you can just get by getting into a good university. These are kids that probably went to a top high school for math and science and were winning national math competitions even then. His good friend also seriously smart, interned all through high school at computer science start-ups, went to UMD and got coveted internship positions at Google is earning around $200K first year (including bonus). [/quote]

My DD graduated from an Ivy and she provides both GMAT and MCAT tutoring while taking a gap year before starting medical school.  She scored 527 on the MCAT and 800 on the GMAT.  She charges $200  per hour and she only works 20 hours per week.  That comes out to be around 200K per year, and since people are paying DD in either bitcoin or cash, no taxes.[/quote]

How does she "launder her cash?"  Does she pay for everything with money orders?  I have two employees who were caught by the IRS in cash jobs. They deposited their cash in the bank and had no source for the revenue stream.  They each paid about $6000 in penalties and interest on top of the back taxes.[/quote]
Exactly. She had better be spending it all in cash & not putting anything into a bank or traceable investments. If someone rats her out (understandable), or she makes deposits that exceed the amount that triggers mandatory notification...[/quote]

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