A mil before 30
(Senior Monkey, 83
Points)
on 12/21/10 at 12:11pm
I don't think BB's are going to be able to pay the ridiculous sum they used to pay just because of public pressure and increased funding charge/tax/regulation. It's not going to be bad pay, especially consider to other things, but I just don't expect anyone to make a million in S&T by 30 that easily these days.
What are your thoughts?





when was it easy?
when was it easy?
WSO Conf - June 29, 2013
monty09 wrote: when was it
when was it easy?
+1
WestCoastMonkey
when was it easy?
+1
In his wet dreams
Mil before 30 cumulative
Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)
22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k
In total that is: 1.1 mil GBP
And I feel that those figures are on the conservative end.
Per year on the other hand...
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derivstrading wrote: Mil
Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)
22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k
In total that is: 1.1 mil GBP
And I feel that those figures are on the conservative end.
Per year on the other hand...
if you live with your mom the whole time it is HIGHLY possible...
let me inform you on the two B's that will break every mans wallet.... *itches and booze......
WSO Conf - June 29, 2013
monty09 wrote: derivstrading
Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)
22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k
In total that is: 1.1 mil GBP
And I feel that those figures are on the conservative end.
Per year on the other hand...
if you live with your mom the whole time it is HIGHLY possible...
let me inform you on the two B's that will break every mans wallet.... *itches and booze......
haha you nailed it
derivstrading wrote: Mil
Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)
22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k
In total that is: 1.1 mil GBP
And I feel that those figures are on the conservative end.
Per year on the other hand...
I doubt that is what the OP talked about. Grossing $1m by 30 isn't a huge accomplishment and roughly half of that will be gone from taxes anyway. If you were super conservative, you might have 20% of that gross amount by the time you were 30, so pretty far off from having $1m in liquid assets.
I don't think it was ever 'easy' to become a young millionaire outside of simply being lucky.
monty09 wrote: derivstrading
Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)
22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k
In total that is: 1.1 mil GBP
And I feel that those figures are on the conservative end.
Per year on the other hand...
if you live with your mom the whole time it is HIGHLY possible...
let me inform you on the two B's that will break every mans wallet.... *itches and booze......
so tru..all wall street info sessions for students should begin with this.
Don't work in a bank? Then
Don't work in a bank?
Then it's easy.
Maybe if you don't do the
Maybe if you don't do the whole MBA thing?
22 - Analyst - 140K
23 - Analyst - 170K
24 - Associate - 220K
25 - Associate - 250K
26 - Associate - 280K
27 - VP - 350K
28 - VP - 400K
29 - VP - 460K
30 - VP - 520K
31 - MD BOOM - $1m?
These numbers are probably total BS.
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.
Even in IB, you could be
Even in IB, you could be earning close to that by 30 if you go straight through... you would be close to director level by then (2nd/3rd year VP at least, which = ~750k USD, or ~400 after-tax). Accumulating 1 mil in net worth by then is doable if you're frugal enough. The problem is, most of us aren't. I'll admit... I enjoy the money I earn and don't regret it in the least
See my WSO Blog
I will put it to you like
I will put it to you like this... I was at BMW looking at a new car... next to me was a young gay couple looking at M5 ($98k).. I asked my wife how a guy that young could afford that car... easy.... the two things that take most men money is not in a gay mans life... Wife and Kids
so out of wife, kids and taxes...GOOD LUCK
WSO Conf - June 29, 2013
monty09 wrote: I will put it
I will put it to you like this... I was at BMW looking at a new car... next to me was a young gay couple looking at M5 ($98k).. I asked my wife how a guy that young could afford that car... easy.... the two things that take most men money is not in a gay mans life... Wife and Kids
so out of wife, kids and taxes...GOOD LUCK
Good luck indeed hahaha
Please don't make me talk to you like an asshole...
sounds like the no wife or
sounds like the no wife or kids option is a pain in the a*** though.
^LMFAO!!!
^LMFAO!!!
-MBP
monty09 wrote: derivstrading
Bondarb wrote: monty09
If I had asked people what they wanted, they would have said faster horses - Henry Ford
Bondarb wrote: monty09
WSO Conf - June 29, 2013
Bondarb wrote: monty09
WSO Conf - June 29, 2013
Jeeze, you guys waste waay
kiwiserv wrote: Jeeze, you
WSO Conf - June 29, 2013
kiwiserv wrote: Jeeze, you
I dont know about you guys
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If you have any questions email them to me at [email protected]