So everyone makes a big fuss about how rosily ibankers are compensated versus other professions. Is all that hyperbole really justified?
I looked up Glassdoor here as well as my university's career services reports. It seems banking analysts straight out of undergrad make about 60k base + 55k bonus on average. Big deal. Software engineers at Google (and I assume software engineer is the entry level position for students going into software development who are hired right out of undergrad plus maybe 1-2 years work exp) make about 100k base and get a 20k bonus + stock options. So don't computer science majors and software engineers at the top tech companies make more money than bankers in the? Even at the VP level annual compansation is about 350k (and you need to grind your a** for 5-7 years to get to VP) by which time you can get promoted to a pretty senior software engineer o tech mananger at Google and earn more or less the same money. So if good bankers are paid the same/less than good engineers for much longer hours, how is the hype justified? Excuse me if I am being ignorant-I am new to the forum..