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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is really disconcerting in the sense that there's no really no incentive nowadays to want to rise to the top of your field.[/quote]
Why is it disconcerting that there is little incentive for anyone with their eyes open to gun for partnership? There is still money to be made. After 9 years in big law, I have over 400k cash in savings, not including my retirement savings and shares of stock. All of it is mine and, because I'm an associate, the firm doesn't get to come askint for my money in the name of capital contributions. I'm applying to exit to the government or in house and, with the connections I've made over these 9 years, I'll be just fine.

--Senior associate [/quote]

You know how easily you could have made that in finance? One year, one good bonus. Actually, depending on where you are and what you do, a lot of people wouldn't even call 800k a "good" bonus.[/quote]

PP there's quite the falsehood in your statement and it also explain why kids go out there and load obscene of debt on themselves to secure MBAs hoping to become overnight millionaires . Contrary to popular belief $800k bonuses aren't rampant and plentiful in finance . You have to be at the very best and top of the field to start contemplating 7 figure bonuses .[/quote]

I made over 600k in bonus last year and trust me I'm not among the "very best." I'm pretty good, I have a solid track record, but if I was among the best I'd be making several mil every year. As it is, I only cracked 7 figures once.[/quote]

PP If I may ask, how old are you?[/quote]

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