<p>Nobody has it all figured out. Being realistic is always a good idea though.</p>
<p>Sure, with all the money you make from being, say, and investment banker, will buy you boats, cars, and big TV’s. But we spend most of our lives at work (especially if you’re an IB). So if you hate your job even though you have all that fancy stuff, you won’t be happy. </p>
<p>However, if you work your regular 40-50 hour week making only $15/hour and you love your work, you’ll be happy. You won’t have a huge house and fast cars, but that’s all secondary.</p>
<p>With the Money = Success deal, I can see why some people would say that. However, I personally would consider somebody who is happy more successful than some millionaire who is always working and never having fun. If you can be a millionaire and absoloutely love your work, you’ll REALLY live your life to the fullest. And that should be everyone’s aim.</p>
<p>Which is why if you’re going into business and you have no interest, you’ll hate it.
(Directed towards author of thread)</p>
<p>No offense towards your opinions, but I would deeply consider what I have written above.</p>
<p>If he doesn’t like it, he’s not gonna be in IB. He’ll be one of the first ones out the door after 1-2 years. There’s a reason why the turnover rate is so huge.</p>
<p>JeremyS</p>
<p>You realize a VAST majority of lower middle class people work really long hours at dead end jobs that they hate and a Majority of rich are workoholics who like to work and enjoy spending their money. I’ve personally only encountered a very small group that enjoys making ****ty money…mid-20s servers who just have no goals. The rest of the people I encounter in crappy jobs want to better themselves and MAKE MORE MONEY. </p>
<p>A very small group of people are satisfied with mediocrity, an even smaller amount become rich, and a huge majority spend most of their lives fighting to be successful. </p>
<p>So, where do you live where so many people are happy living paycheck to paycheck? That’s not the way the rest of the world operates. Maybe you’ll understand that when you’ve had a bit more time out of high school.</p>
<p>What he means to say is that, successful people, more often than not, enjoy what they do.</p>
<p>JeremyS,</p>
<p>Even if people make a lot of money and do not enjoy their lives–their childeren, their wives/husbands and relatives do. :)</p>
<p>To Plscatanaccgua:</p>
<p>The situation I mentioned didn’t suggest that the person was working at McDonalds. I believe I said $15/hr., which equates to about $40,000/year.</p>
<p>Let’s take my parents for example. Neither went to college. My father started working at 10 years old on a family farm. When he got out of high school, he worked at a bank. Since then, he’s been a car dealer and is now back where he started; on a farm. Except now he manages one.</p>
<p>My mother used to assemble computers for a hardware producer. For the past 20 or so years, she’s been a utility worker for an energy company. </p>
<p>Both, more or less, like their jobs. They bring in (total) about $100K/year.</p>
<p>To your second question, South Jersey. Maybe if you live in NYC, there aren’t too many jobs for people without a degree. I don’t know.</p>
<p>Also, to -Lurker-:
Yes, a lot of people do. But I’m talking about Prothero.</p>
<p>$15/hr is about $31,000 a year.</p>
<p>Just over 25,000 after taxes which is about 2000 a month. That will cover an average mortgage payment and food for a family of 3 or 4, but that’s about it. Of course if you had 2 full-time incomes at that rate in the household then you could get by.</p>
<p>^^ And in the States with a cost of living a little bit above average, you wouldn’t be able to do much with the $25k after taxes. My sister makes around that (after taxes) living in Los Angeles, as a Y3 resident, and she scrapes by every month with money left over to save. </p>
<p>Best of luck on that.</p>
<p>Football Banker & Inmotion12:</p>
<p>I calculated it as 50 hours/week since both my parents work a good amount of overtime.</p>
<p>i agree with you doctor but u did ask a rather stupid question initially. there is a plethora of different salaries with different benefits and what not that one can obtain from graduating with a MBA. that being said, if you want to greatly increase your salary, go the extra mile and obtain an MBA at a good graduate school program like Stern, Ross, Kellogg, Sloan etc… and remember in the case of business, it is certainly not what you know but who you know! good luck</p>
<p>You need to clarify gross or actual take home money. If you are from New York City, a gross of 45k a year is about 650 dollars a week after tax and deductions. Divide the 650 into a 35 work week with 1 hour lunch and that is about 18.50 an hour.</p>
<p>Also a 45k salary is actually about 51k if you take into consideration the ~15% cost of benefits and paid vacation.</p>
<p>I do not even have a degree yet and I earn over $40k a year and I am in the business field. The minimum should be around $50k depending upon your area and concentration. Look at salary.com for specifications.</p>