<p>The median household income for New York City, NY is $38,293. I'd say pulling a million a year is pretty good.</p>
<p>Why do people have to do trading for the bank while they can trade their own money and benifit more by doing so?</p>
<p>doublemeteor: This could take capital and balls.</p>
<p>Double> Tons of reasons. Infrastructure is costly (various quant strategies require massive computing resources...think supercomputers), capital intensive, information network (you gain a lot of info from the firm's network).</p>
<p>"A -25- year old making 1 million dollars a year is considered a lot to me."</p>
<p>sorry guys, i thought mahras2 meant the trader makes 1 million for the firm a year (which is less impressive). if a million a year is the guy's salary, it's of course a LOT.</p>