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Hours vs. Pay
 

strallwheat's picture
 
Points)
 on 7/24/12 at 3:00am
hours pay.jpg

Would you guys rather work a job that pays 300k/year @ 50hrs/week vs. 500k/year @100hrs/week?

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West Coast rainmaker's picture

300k and 50 hours, ceteris

ER
(Neanderthal, 2,092
 
Points)
 on 7/21/12 at 10:16pm

300k and 50 hours, ceteris paribus. The marginal value of leisure time increases as hours worked increases...here you have hours double for a less than 2x pay increase.

SRRubio123's picture

The 300k should be less than

 
Points)
 on 7/21/12 at 10:37pm

The 300k should be less than 250k for this to even be a valid comparison

With that, I'd take 175k/50 hr over 500k/100hr. I'd pick 125k/40hr over both

gstackle32's picture

WSOWill: With that, I'd take

O
(Gorilla, 500
 
Points)
 on 7/21/12 at 11:09pm
WSOWill:

With that, I'd take 175k/50 hr over 500k/100hr. I'd pick 125k/40hr over both

nahhhhh, 50 a week is cake.

JohnAnthony7's picture

yeah, sign me up for the

(Baboon, 152
 
Points)
 on 7/22/12 at 12:17am

yeah, sign me up for the 175/50. I'll absolutely work an extra 10 hours a week for 50k. In response to your first question, I question the values behind anyone who would prefer the 100 hour scenario.

SirTradesaLot's picture

strallwheat: would you guys

 
Points)
 on 7/22/12 at 12:55am
strallwheat:

would you guys rather work a job that pays 300k/year @ 50hrs/week vs. 500k/year @100hrs/week?

Answer C: $1.64 million for 2304 hours per year. Of course, only doing a job I love (i.e. -- no sales at all). That is what I would rather do.

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

smalleights's picture

At that point, definitely 50

IB
(Baboon, 147
 
Points)
 on 7/22/12 at 1:50am

At that point, definitely 50 hrs. 300k a year is enough to do about 95% of what I want to do, so the extra 200k is not worth that much.

If it was 100k for 50 hrs and 300k for 100 hrs, might be a different story.

theskillzdatklls's picture

earn an extra 200k with no

O
(Chimp, 6
 
Points)
 on 7/22/12 at 6:12am

earn an extra 200k with no time to use it, seems brilliant

mhass33's picture

At what point do the hours

 
Points)
 on 7/22/12 at 9:43am

At what point do the hours slow down in banking? Post Associate? And what is the downtime during the job actually like when people are supposedly surfing the web, etc?

JohnAnthony7's picture

mhass33: At what point do the

(Baboon, 152
 
Points)
 on 7/22/12 at 10:44am
mhass33:

At what point do the hours slow down in banking? Post Associate? And what is the downtime during the job actually like when people are supposedly surfing the web, etc?

Let me tell you man. This job is not all it's cracked out to be. If you are even thinking about hours, look for a different industry. If you are not extremely gun-ho with money being your number one motivation, this just isn't the right place for you. There is a ton of downtime spent while waiting for things to be reviewed. It's not efficient at all. The work is monotonous. If you can survive an analyst stint, then it will open doors. But the job sucks.

mhass33's picture

I'm just asking because I was

 
Points)
 on 7/22/12 at 12:53pm

I'm just asking because I was admitted to a good MBA program and IB will be an option, not something I had considered but now that I am reviewing my experience it seems it would be one of the higher paying/higher probability options coming out of school. I want to get into ER but I might consider IB as a backup, and if I can use the "downtime" productively I might not mind it.

Yankees993's picture

$300k hands down with the

 
Points)
 on 7/22/12 at 10:55pm

$300k hands down with the hours you listed.

berniehittner's picture

I would consider 300k a year

 
Points)
 on 7/23/12 at 9:20am

I would consider 300k a year for 50hrs/week better than 500k at 100 hour a week. Would u work an extra 50hours a week for the extra 200k a year? double the work, for less than double the income? doesn't sound fair enough.

Neighbor's picture

the answer is too obvious for

IB
(King Kong, 1,236
 
Points)
 on 7/23/12 at 1:04pm

the answer is too obvious for this question so let's re-do this one... 300k @ 50 hrs or 150k @ 25 hours ??

I didn't say it was your fault, I said I was blaming you.

txjustin's picture

i'm lazy

O
(Neanderthal, 2,447
 
Points)
 on 7/24/12 at 1:32pm

i'm lazy

SirBarney's picture

Neighbor: the answer is too

O
(Gorilla, 505
 
Points)
 on 7/23/12 at 3:09pm
Neighbor:

the answer is too obvious for this question so let's re-do this one... 300k @ 50 hrs or 150k @ 25 hours ??

300k @ 50 hrs easy.

25 hours and then I'd feel like I'm worthless, I wouldn't be rich enough to justify sitting on my ass all day.

Asatar's picture

I wouldn't consistently work

O
(Neanderthal, 2,031
 
Points)
 on 7/24/12 at 3:37am

See my other WSO blog posts>

brandon st randy's picture

I prefer a job where you

PE
(Gorilla, 705
 
Points)
 on 7/24/12 at 4:36am

...well, he's no use to us if Detroit is his idea of a small town!

hopesanddreams's picture

Depends on the job/how much I

(Orangutan, 329
 
Points)
 on 7/24/12 at 4:40am
Asatar's picture

brandon st randy: I prefer a

O
(Neanderthal, 2,031
 
Points)
 on 7/24/12 at 6:17am

See my other WSO blog posts>

SirTradesaLot's picture

Asatar: brandon st randy: I

 
Points)
 on 7/24/12 at 6:54am

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

Asatar's picture

SirPoopsaLot: Asatar: bra

O
(Neanderthal, 2,031
 
Points)
 on 7/24/12 at 8:50am

See my other WSO blog posts>

All American Reject's picture

SirPoopsaLot: Asatar: bra

CF
(Baboon, 105
 
Points)
 on 7/24/12 at 8:56am
SirTradesaLot's picture

All American

 
Points)
 on 7/24/12 at 9:43am

Turbo leverage for capital explosion -- BD Capital

My WSO Blog

blastoise's picture

gstackle32: WSOWill: With

O
 
Points)
 on 7/24/12 at 9:53am
Senvik's picture

theskillzdatklls: earn an

 
Points)
 on 7/24/12 at 11:14am

"You stop being an asshole when it sucks to be you." - IlliniProgrammer

TheKing's picture

Anyone who doesn't go with

O
 
Points)
 on 7/24/12 at 1:21pm

Check out my WSO Blog

hockey1316's picture

I'd go 300K at 50 hrs over

CO
(Gorilla, 504
 
Points)
 on 7/24/12 at 1:51pm
Aimez's picture

strallwheat: Would you guys

CO
(Orangutan, 291
 
Points)
 on 7/25/12 at 6:26am

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