Best and Worst Paying Jobs according to the BLS forgetting IB?
Investment banking has long been looked at as one of the highest paying, whilst accounting for risk, jobs out there yet I see the top paying jobs in this chart paying what first year Associates take in. Are there that many low paying "Finanacial Analysts" who bring their average to the $91,600 shown? Even the 90th percentile looks to be only in the $150K range. Maybe they exclude bonuses or something.
Thoughts?
http://www.theatlantic.com/business/archive/2014/06/the-best-and-worst-…
Bonuses aren't your normal wages, they are bonuses. Also, There are plenty of financial analysts that bring the average way down. Think about all of the financial analysts in the country that work for some random company in Idaho. They're not pulling home 90k+. They might be lucky to be getting 50k.
If you take all of the IBers, that isn't even close to the amount of people that carry the title of financial analyst out there in corporate lala land in the fly over states.
Had they been specific about different sectors, then yes, IB analysts would be way further up on the list, but then also the 820 careers already on there would be multiplied by like 6. That was also done by the labor bureau. They don't care that you're an IB analyst, PE analyst, or Financial Analyst at mom and pop shop in Nebraska... You're a financial analyst to them.
Its like BigLaw, fresh out of law school, only 10% make it where their base will be 160k + bonus. The vast majority have a starting salary average of 55k, bimodal distribution.
Same kind of thing for finance. Its sort of a Platinum or Plastic ring type of field.
And if you look up "banker" in BLS statistics, I am sure you will find pretty low number. In an "Banking vs. Medicine" thread somewhere outside WSO, one doctor said something to the effect of: "No bankers I know make more than 100k, not even the branch manager."
Haha I'd love to read this thread if you remember where it is posted.
Maybe in studentdoctor.net, don't remember exactly. You can find some doctors vs. bankers type of threads there.
Yeah, that all makes sense. I'd argue if the BLS pulls apart the medical professions into more specific categories then they should for the financial world too. Especially since there are such a wide variance in pay. MD IB vs. Scott Trade new hire. Much more so than medicine in my opinion.
Honestly, just use Glassdoor.com.
Do you really want those in Occupy Wall Street know how much you make?
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