<p>In NYC you would barely survive unless you live in something like Stamford...so I hope you like long commutes on the mass transport system. But you are already a resident of NYC, and such commutes don't faze you, so you might be fine.
The only place where $1*10^7 won't get you much is Palm Beach or a private island for yourself. Otherwise large estates are possible in most areas of the country. Even a 6000 ft^2 house would be possible in something like Sarasota at that rate.
And ihateCA, warm beaches sell for a lot more than a blustery seaside.</p>
<p>It's funny for me with salary. I'm between becoming a doctor or a teacher...just think the difference in salary lol...but I would like the more free time as a teacher</p>
<p>Wow.....you really shouldn't ask this question of me because I have this Scarface type attitude toward how much money I will make. let's just I cannot and will not settle for anything less than beating Gates and once I reach the top....I don't know what I'll do, but lets just say I want a lamborghini a MEGA-mansion in like Greenwich, Conneticut and just plain cash loads in safety deposits box's and a hedge fund or a corporation that I own. It will happen especially with my love of money, its just a matter of time.</p>
<p>-Wow I am greedy, but then again I am a first-genereation immigrant, let me rephrase that "Wow I have the American Dream."</p>
<p>Hmm...does anyone know the typical I-Banking salary and Consulting salary immediately following graduation for the top firms? All the numbers I get don't include an estimate of end-of-year bonus.</p>
<p>If you get your bonus (and most do-unless you get fired) ibanking's around $90k-$130k for a first year analyst and $250k-$300k for an MBA associate. Similar for consulting salaries, I think.</p>
<p>Is 50K good enough? I thought I wanted to do Biomed engineering but I heard avg. salary is 50K, isn't that just avg. like everyone else? I don't want too much money but I do want a little more than avg. like maybe 70K or so. </p>
<p>And btw. no matter how much money I get, I am going to live in a small apartment with nothing more than a big screen television and a bed and a computer. I'm too lazy to maintain my house and why would I buy a house giving so much money and then pay more money for another person to maintain it. Whatever I think I'll be happy in my lil house.</p>
<p>Why would you? BECAUSE YOU CAN!!! I'll be happy in my huge custom-built 10000sq ft mansion with 6beds/4.5 baths. By huge I mean big enough that you'd get lost on your way to the kitchen from the bedroom. </p>
<p>Pre-medwannabe: I forgot to mention this, but I'll see you at Greenwich. My house'll be the one with the big windows...it'll be the only postmodernist-style (contemporary) house in all of Connecticut, so yeah look for that. I'll own the larger house next to yours.</p>
<p>Everyone who says they'd buy a big house, nice car, etc: be careful! My dad got in that mindset when he was in IT/Computer Sci because he was making 6 digits with only a high school diploma and some certificates (this was back in the dot.com days when you could go to a local school and get a few certificates and get a great job due to high demand)... anyway, he got in that mindset and BAM! No more job. Lots of debt now. Though, he changed into real estate, and it's decent paying, too... just not as great as those dot.com days, lol.</p>
<p>So, yeah, be sure your job is secure and that the company you work for LOVES your work and such. And, put as much down on your home/car before taking out a humongous loan with 0% down.</p>