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College and University Discussion
Reply to "What's the appeal of working on Wall Street?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Listen, I worked on Wall Street, but was a little older. It's a great spring board for so MANY careers! I wish I went to Wall Street after college or grad school. I didn't understand the world of VC or hedge funds, etc until I was an investment banker. [b]FYI - $500K is just base. The money is in the bonus[/b]. [/quote] Duh! The problem though is that a large portion of this bonus is in stock that vests over time. [/quote] [b]No, it isn't.[/b] My first year, I saw lots of Maserati's come into the garage. Lots of friends got caught in the recession. The pattern was that they would take out home equity lines to live on and then pay them back when their bonuses came. Problem was that in 2008, there were no bonuses. [/quote] The rules have changed. At least for the big banks. Read up. [/quote]
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