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Get a job at a megafund and you'll make ~$300k at age 24.
Pretty much wall st. Stick around and 3rd year associates are clearing $300K....so 26 year olds.
yeah because all banks are paying out bonuses, especially in cash....
.
Would love to know where the hell you got that number from
From my W2.
I really hope that's not how you're planning to choose your career.
Do not listen to the people that say megafunds pay 300k for associates. Most of these kids are still in college and will be extremely dissapointed when they graduate. To get 300k in finance is not impossible, but given the current environment, its very difficult. If you truly want to make 300k by 30, then maybe entrepreneurship is your best bet. Like GoodBread said though, if thats how you plan to choose your career, you'll screw yourself over. Do what you love.
I totally agree... I would love to know where they are pulling these numbers from as if it's so easy, and they know factually that all megafunds pay $300k per year.
Get a job at a Megafund they said, you'll make $300k they said.
Get a job as an A-to-A promotion they said, you'll make $300k at 26, they said.
Sure, over the 18 month stretch between end of 3rd year Analyst and start of 2nd year Associate, you could, in aggregate make that much, but you would have to be at the upper echelon in terms of your end of year bonus, and it would include your signing and stub bonus, which we in banking look at as a non-recurring item.
Yeah according to WSO, every buyside shop pays $1mm a year, regardless of their structure, health or returns.
Numbers from the two people at megafunds who have told me how much they make. Neither have received a bonus yet, so maybe they're going to get a lot less than they expect.
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