<p>I've been browsing around these threads it seems like every one is obsessed with money, like me. :)</p>
<p>James Simmons, a hedge fund manager made 1.5 Billion in 2005
$363M</a> is average pay for top hedge fund managers - USATODAY.com</p>
<p>Hedge fund manager. Thats where the money is at. And all you nubz just talk about ibanking all day.</p>
<p>Where, precisely, do you think most people in hedge funds got their start?</p>
<p>There's not exactly a tremendous amount of open positions at hedge funds where the prerequisite for being hired is just a bachelors degree. (although I agree that most people who want to go into ibanking actually don't)</p>
<p>Haha, well CEO is a pretty sweet dig too... I hear they recruit right out of undergrad... The point is that a lot (not all) top jobs on Wall Street like banking experience, or only like banking experience. A majority of Hedge Fund managers were once S&T at BB or prop shops. Its how the world of finance goes.</p>
<p>CEO is a horrible position. I'd much rather be an early stage investor who's got a large portion of a company, has reaped massive benefits and can sit on the sidelines and criticize whatever he wants. People complain that CEO's are overpaid when the reality is that the most elite ones are probably underpaid in comparison to the people actually making money off the companies they're leading.</p>
<p>I would not say CEO is a horrible position. Especially the companies that are doing horrible, CEOs still make the big bucks.</p>
<p>yep thats how you should chose your future job, the job you do for hours a day, based on income</p>
<p>choosing your job based on money means you are going to have a rude awakening sometime later in life when you realize how shallow that is(or not if you don't have a soul)</p>
<p>Money is great but it's certainly not the reason I want to work on wall street.</p>
<p>yeah people do ibanking because they quit it after a couple of years but it is a great gateway to other great careers that dont require you to spend every waking moment dedicated to your job. what people dont understand is that many ibankers work tons of hours a week, thats why they get paid so much. and to have a realistic chance at doing it, you need to be at a top 15-20 b-school, or a top 20 university.</p>
<p>yeah how do ppl get to go into hedgefunds?!?!?1</p>
<p>from my standpoint, their is no reason to work at a hedge fund unless you started it yourself or get a top position. that is the only way you make that kind of cash. most hedge fund managers do come from bb firms or have enough experience to get decent jobs.</p>
<p>working at a high-stress job sounds fun.</p>
<p>haha I love billionaires. James Simons is the man.</p>
<p>move over Simons, the guy at Paulson and Co. made something like $2.7 billion this year.
that is just an amazing amount of money.</p>
<p>LOL @ CEO being a horrible position...</p>
<p>It's a horrible position compared to almost every other position in the early-stage. If Eric Schmidt ever stepped down or was fired as the CEO of Google the replacement would likely have 1/10th the holdings of half the early employees, the vc's, the founders and any patent holders who've had their patents licensed by the company.</p>
<p>The average CEO compensation outside of finance is like what, $2 million? Sure, that's a large amount of money, but with a tremendous amount of responsibility. I'd rather be a lucky idiot who invests $5,000 in a couple of kids who start a multibillion dollar corporation than the CEO who runs it.</p>
<p>I cant say my dad ever complained...I dont think anyone does.</p>
<p>Good < Lucky</p>
<p>Lucky is better than good?</p>
<p>The best part about being a CEO is resigning with a huge departing package.</p>
<p>That's for sure.</p>