<p>I started reading about I-Banking recently and it seems like an interesting career. A lot of to websites report a very high starting salary. What I am wondering is, are these salaries based on the 80+ hour weeks that you have to work?</p>
<p>Yes, why wouldn't they?</p>
<p>I don't think the salaries include an employee's bonus, though.</p>
<p>Because working 40 hours per week and working 90 hours a week for $90,000 is a big difference. If the reported salaries are based on 80+ hour weeks, then they are not that high.</p>
<p>^^True, but the salary starts to grow faster after the Associate level (w/ MBA) and the job becomes much more lucrative.</p>
<p>The salaries are as advertised, but unfortunately, the hours are too.</p>
<p>80 hr weeks aren't bad at all. Just work 20 hours a day for 4 days, and then you get 3 days off! Can't beat that! If you u want a life outside of work, go into Investment Banking!</p>
<p>Dunno but none of you are getting into investment banking so this discussion is pointless.</p>
<p>Yup, Dawgie is right.</p>
<p>Dawgie... what makes you say that?</p>
<p>The only reason 99% of the people on this board find Ibanking "interesting" is because of the salary. Making 6 figures sounds interesting to me too.</p>
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The only reason 99% of the people on this board find Ibanking "interesting" is because of the salary. Making 6 figures sounds interesting to me too.
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<p>I think it is more a product of the competitiveness, prestige, and career opportunities. It will eventually lead to a great salary but there are other jobs where you can start off making close to 60+10K that are nowhere near as popular and sought after.</p>
<p>I could go get a job in investment banking right now if I wanted to. I don't want to, for a variety of reasons (although jobs in other financial roles are pretty interesting), but Dawgie is going a little far.</p>
<p>that said, everything else in this thread is pretty spot-on. Although it's not really about the salaries, so much as the bonuses.</p>
<p>denzera its nice to have ppl like u on this site that have experience and kno wut they r talking bout</p>
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I think it is more a product of the competitiveness, prestige, and career opportunities. It will eventually lead to a great salary but there are other jobs where you can start off making close to 60+10K that are nowhere near as popular and sought after.
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<p>what are some of the career opportunities for ibankers who want to leave ibanking? basically anything (esp. w/ a top MBA)? </p>
<p>also, what are some of those 60+10k jobs that are nowhere near as popular and sought after? </p>
<p>thanks</p>
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also, what are some of those 60+10k jobs that are nowhere near as popular and sought after?
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Top end EECS jobs easily best those numbers. Think ~90K salary starting.</p>
<p>What the hell, 60+10k lol...</p>
<p>Starting salary for investment banking bulge brackets is $170K roughly. That's without MBA. Of course middle market and boutique banks are a bit different.</p>
<p>170K is too high. Even so, I wouldn't be expecting that every year. Also I would wait until July to actually get verifiable numbers.</p>
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Starting salary for investment banking bulge brackets is $170K roughly.
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<p>Says who? Princeton review? You know they pull high figures out of their ass to get more people interested in the 'great life' of IB, driving people to their website, clicking on their ads, paying for their useless subscriptions, etc (not limited to PR either).</p>
<p>No, as a first year analyst expect to make 60-80k starting. Whether or not you feel this is 'fair' or free of favoritism is irrelevant.</p>
<p>Hmm, so we can conclude that the starting salary for IB is very low, considering the amount of work you have to do to get the 60-80 grand (almost as low as an internship). Now as many of you said, you will be making much more money down the road if you succeed. Now the problem is, how hard is it to move up the ranks in an IB firm when you make it in as a first year analyst?</p>