<p>"You think 30,000 - 40,000 is a good starting salary? That's what people make without a degree."</p>
<p>Where are you living? That's the amount my hard-working social worker mom (who has a masters in social work) makes a year in our medium-cost-of-living area. I'd be very angry to find that any significant portion of high school graduates made the same amount.</p>
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I'd be very angry to find that any significant portion of high school graduates made the same amount.
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You'd be angry if people made more than your mom? Why?</p>
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160k (this includes bonus) right out of college (Ibanking ftw)</p>
<p>After 5-10 years, the sky is the limit!
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<p>160k huh.....keep dreaming, if you get that as a first year analyst at an "IB" you would probably be one of the best analysts ever at any BB....you're kidding your self..</p>
<p>My brother is going to be making 100k+ right out of college. He goes to a maritime academy, and there's a ridiculous amount of demand for experienced sailors.</p>
<p>^^^</p>
<p>So true. Time off is pretty ridiculous as well, if I remember correctly.</p>
<p>sheed30, actually, not really. 160k is not unheard of. Look under CC in the Ibanking forum if you don't believe me.</p>
<p>Too bad IBankers are greedy sellouts. I'll take a quarter of what they make out of college then to be one of those rats.</p>
<p>C'mon. Don't be hatin'. :) I'm no where sure I'd like to be an Ibanker. But everything is an option.</p>
<p>Sailors are also gone for very long periods of time. Back when my grandfather was a sailor, he probably got a third of the year off, but the rest of the time he was at sea. Therefore he only got to see his family every third week.So yeah, the off time and money are good, but the time away from your family is a major trade-off.</p>
<p>Right now, the only career that really interests me is medicine, so I know I will be starting out at about $30k. After a few years, my salary could possibly multiply by 4 or 5.</p>
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sheed30, actually, not really. 160k is not unheard of. Look under CC in the Ibanking forum if you don't believe me.
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<p>can you give me proof? I didn't said it was unheard of..i said you have to be one of the best in a BB...</p>
<p>average is like 60k base 20k bonus...you're talking about double, your first year out of college...that's 100% more...dayum!</p>
<p>Eh. I'll give you proof when I'm making it! :)</p>
<p>whatever.....</p>
<p>Such dreams and high hopes</p>
<p>So is IB the only highest paying job??</p>
<p>You could become an entrepreneur, and be responsible for all that investment risk yourself...</p>
<p>My dad has taught for 30 years. He doesn't make $60k a year. My sister started right out of college making $40k as a retail manager. Her boss makes more than that with just a high school degree.</p>
<p>Just because you have this degree or that degree does not mean you're gonna make the big bucks. </p>
<p>I think a lot of you are kidding yourselves when you think you're gonna make six figures right out of college. My guess is many will not make six figures ever.</p>
<p>I'm shooting for somewhere in the $35-40k range shortly after getting my Masters. Will it happen? I don't know..</p>
<p>For those would be i-bankers, big law attorneys, etc. among you who aspire to earning very high salaries, if you don't think that there's a price to be paid, you're kidding yourselves. Your firms will OWN you -- friends, family, relationships, children, leisure time . . . forget it. You'll EARN every dollar of those high salaries, and you'll pay for it in more ways than you can imagine.</p>
<p>I want to and plan to make enough to support multiple illegitimate children with multiple women. Minimize the variance of the reproductive potential of my descendants, ya dig?</p>
<p>This thread is hilarious. Unless everyone on here is going to an Ivy league type school and going to be an Ibanker, I really think you guys need to lower your standards. Like someone said, only 5% of the US makes over $100k a year. And some people are talking starting salaries. Obviously you guys have no clue what Ibanking entails. Just assuming you guys are going into Ibanking, let me tell you what it entails (I have lots of friends who complain to me haha). Basically you're working 70-80 hour weeks norm for about 2-3 years. People don't go longer than that because they just can't handle it anymore and you go insane. So they quit and take a lower paying job (still over $100k but under the $80k salary/$80k bonuses they were making as Ibankers). While ibanking, you can get called up in the middle of the night depending on what you're trading and stuff like that so you never really have any time off. Weekends don't really exist too much. So yeah, if you wanna do that, first you have to be VERY motivated cuz that is a hectic lifestyle. Second of all, you gotta basically be top 10% of your college graduating class cuz that's what those big banks look for. </p>
<p>For anyone who's not an Ibanker, a good starting salary is over $50k in most places ($60k in more expensive places). And I'm curious, for the people who are saying they're going to make over $100k, how old are you guys and what school do you go to/plan on going to? </p>
<p>Finally, there was a report I read last week on Yahoo Finance that was interesting. It said that the average HS boy predicted they would earn $178k at the peak of their lifetimes while the avg girl said $114k. And since 5% of the US makes more than $100k, I guess over 45% of these people are going to be disappointed. Good luck making money haha....</p>
<p>The CEO of Blackstone said, a number of years ago when he was just very rich and not mega-rich, that the way to be rich was to have poorer neighbors. And, generally, he is right: If you are in a community or neighborhood in which you are doing somewhat better than your neighbors, you feel well off. With the same income in a neighborhood where people have higher income than you, you feel poor.</p>
<p>From my perspective, the best approach (which I am not currently taking but may at some point) would be to earn a NY or London level income while living in a relatively low cost-of-living area like Albuquerque.</p>