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Reply to "Why the lack of men majoring in humanities?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If I want to build a nuclear bomb, I’ll hire scientists. If I want to hire someone to run my country, I’ll hire somebody with vast historical knowledge, global policy-wise, and a critical thinker with ethics that doesn’t crack under pressure. The right man/woman for the right job. I tapped out salary-wise as an engineer (MS too). My husband with just a BA from a T10 was making $300k 3 years out of college (in the mid 90s) and avg $400-500k to my $250k. [/quote] I graduated from a T10 ivy in 2002 and a $300k salary for a 25/yo three year out of college would have been astronomical. Even in i-banking in the late 1990s with the bonuses. He must have been a wunderkid which means his life experience as a humanities manager is not applicable to just about anyone else. The pipeline to Wall Street from my Ivy was defined less by major and more by other factors. Networking, connections, personalities, getting the right internships early on, having played a sport, all these mattered more for about half the pipeline. The other half were extremely keen kids fascinated by money and quantitative research and who majored in economics. [/quote] Yeah…I was at Goldman in the mid-90s and a 3rd year (if kept on and promoted to associate) made I think $150k all-in. There was a jump in banker and lawyer salaries in 1999 due to the dot com craze. The hedge fund world existed but was much, much smaller. As an example, Bezos at that time was a senior portfolio manager at DE Shaw and made $1MM all in but he was also 10 years out from Princeton.[/quote]
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