<p>Know your info before you make such a bold statement like that redsox</p>
<p>I've heard Vault has similar numbers look it up if you don't believe that link</p>
<p>according to that site, the median bonus for first year analysts are 105,000 excluding their salary..</p>
<p>It's funny that an immature kid who obviously is very uninformed about this subject can post a topic and get two pages worth of "advice" while anyone else who posts a thread about anything is lucky to get one or two replies.</p>
<p>Goodness me. He was only asking about banking a little $$ by doing a job that he doesn't think he'll love, then going on to a job he thinks he'll have more interest in. What's wrong with that?</p>
<p>I'm an old parent, and millions of us do exactly that. For example, there's a doctor in my town who quit doctoring and now teaches chemistry in our high school. Same idea, just did it after 30 years of doctoring. Ain't nothing wrong with it.</p>
<p>As to whether it's feasible for the OP . . . that's a whole different issue, and we don't know enough about the OP to tell him whether he's got a shot or not.</p>
<p>Okay, assuming you get bonuses of 100K.</p>
<p>That is assuming you do well of course. </p>
<p>Your starting salary is what? 20K? 30K?</p>
<p>median starting salary: 60K
median signing bonus: 10K
median bonus: 100K
100 hour work weeks: priceless</p>
<p>jnpn-</p>
<p>WRONG! Starting salary is nowhere near 170K.</p>
<p>2006 Compensation Averages:</p>
<p>1st year analyst: $111,536</p>
<p>2nd year analyst: $135,477</p>
<p>3rd year analyst: $189,871</p>
<p>^ no you're wrong, these are the real numbers:</p>
<p>2006 Compensation Averages:</p>
<p>1st year analyst: $180,232.03</p>
<p>2nd year analyst: -$162,234.3423</p>
<p>3rd year analyst: $1337,23.999</p>
<p>because my anus is more reliable than any real sources</p>
<p>
[quote]
jnpn-</p>
<p>WRONG! Starting salary is nowhere near 170K.</p>
<p>2006 Compensation Averages:</p>
<p>1st year analyst: $111,536</p>
<p>2nd year analyst: $135,477</p>
<p>3rd year analyst: $189,871
[/quote]
</p>
<p>I probably should have worded it differently...I was talking about 2007 medians for the BB firms. Your numbers may very well be correct for all investment banks in 2006.</p>
<p>we're talking about top 10 investment banks....</p>
<p>The real question is- why argue about investment banking salaries when none of us are investment bankers?</p>
<p>there are people on this site that used to be investment bankers sooo.. (aka Alexandre)</p>
<p>
[quote]
there are people on this site that used to be investment bankers sooo..
[/quote]
</p>
<p>Can't really use historical data here. Bonuses in IB vary from year to year depending on the economy.</p>
<p>Oh okay jnpn, I thought you were talking about IBanking as a whole. You're about right for Bulge Brackets then.</p>
<p>Sheed30 you might notice that Alexandre is usually not on threads arguing about IB salaries. On one thread where he provided information he was flamed, probably by a bunch of of high school and college students. </p>
<p>Focus on getting an IB job before you worry about IB salary.</p>
<p>I don't want to be an IB, i just like reading what people write about it.</p>
<p>You would lose most of the engineering knowledge while doing investment banking. The ideal scenario would be to leverage the knowledge you gained in IB and start your own business or transition to a higher paying less stressful position.</p>
<p>
[QUOTE]
Why bother even responding and giving advice to this kid. He can't appreciate mature criticisms
[/QUOTE]
What's great is that I haven't even bothered looking at this thread and yet its so popular. But anyways, if you call original "advice" where people fail to acknowledge things I addressed as mature or hell even as advice, then I am quite proud of myself for not being "mature".
[QUOTE]
and seems from the original post doesn't have a clue what ibanking NOR electrical engineering entails.
[/QUOTE]
Isn't that the whole point of this whole f-ing site? To get knowledge from "pundits" like you? I'm in freaking high school, of course I have no idea what the real world is like, which is why I'm trying to gain knowledge from you guys, although I might have to make sure I don't listen to people like you from now on.
[QUOTE]
It'd be hilarious to hear this kid go around throwing insults like "a-holes" and "d-bags" at his associates and director.
[/QUOTE]
Yeah, me throwing out insults at "my superiors" is pretty hilarious huh? No wonder I was laughing my head off while reading your flame.
[QUOTE]
An IBank isn't a free ATM machine where you "pick up extra cash." Turning over to EE afterwards will put you at several years of disadvantage behind other engineers. Getting an MBA will just sink you deeper in the trench you won't get out of
[/QUOTE]
I have to applaud you here! You finally learned how to give advice without being a tard...
[QUOTE]
--kiss your engineering career goodbye, $$ whore.
[/QUOTE]
But then you leave me with this. I can see from your location that you probably go to Yale. Have you ever read the great gatsby? It talks about how those ivy league prestige whores are the most superficial people you'll ever meet. So I leave you with this: people who live in glass houses shouldn't throw stones at others.</p>
<p>california_love8: You are so full of it. Face it, you are a $$ whore and annoying. Just leave this sight now.</p>
<p>Kidding :)
In all seriousness, I agree with you. People can be real a-holes and d-bags sometimes :)
There is nothing wrong with asking questions even if your proposals are sometimes a little flawed. After all, this sight is meant to inform and help others out. It is not meant for bashing people who inquire about things outside of their comfort zone, which is why when someone bashes another for not having "a clue" about something he or she has problems. Now, bashing someone for pretending like they have a clue thus providing misguided information... that's OK.</p>
<p>Sergio is a little mean but very informative and realistic.</p>