Wow
http://
www.
bloomberg
.com/ news/
2014-08-18/
dockers-paid-like-bankers-risk-top-iron-ore-port-trade
.html
I had to break up the link because WSO wouldn't let me post
| +407 | Evercore Intern Seizure | 62 | 10h |
| +116 | UBS IB Americas has failed, now behind Santander and Stiffel | 33 | 35m |
| +79 | JPM M&A is Gone??? Purely Coverage Banking??? | 44 | 2m |
| +60 | How do I understand vs. just memorizing? | 11 | 13h |
| +49 | Some banks are overrated as fuck | 14 | 2h |
| +48 | Associate & Above IB exits | 18 | 15h |
| +48 | The good and bad with Wells Fargo | 15 | 2h |
| +41 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 24 | 43m |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 12h |
| +31 | Tech to IB Pivot | 20 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Yeah, but what about the exit opps?
The new career switch
Good for them...?
I wonder how old the deckhands are
if you didn't know this, you've been under a rock. welders, deckhands, commercial fishermen (deadliest catch anyone?), etc., have always gotten 6 figure salaries because they're skilled labor and their jobs are high risk. the downside is the hours are awful, you sometimes have to work in undesirable parts of the world (imagine fishing in 30 degree water in the dead of winter in the North Pacific, not exactly dreamy), and those jobs take a toll on your body. I'm sure @"DickFuld" is in good shape even in his 50s and will probably stay that way until his later years, but I would be willing to be that someone taking one of those jobs has a broken back by age 50.
I think it's a fine way to make a living if the corporate thing isn't your cup of tea, but make no mistake, it's not easy. went to high school with a guy who's a welder on ships, regularly works 100 hour weeks, rain, shine, 100 degree heat, snow, whatever. sure he doesn't pay student loans, but it doesn't mean he's on the beach sipping margaritas while you're in the office.
OP, sorry I went on a bit of a rant there, and I'm sure some monkeys didn't know that manual labor can pay as well/better than banking, but seriously, who cares?
yeah because getting paid less to sit in an office working those 100 hour weeks with your eyes bleeding staring at excel is way better
that comeback is so stupid it doesn't even warrant a serious rebuttal. I'll just say to each his own. if you want to go do manual labor, go right ahead, but you can't expect to get a blessing to do so on a forum dedicated to getting people jobs in finance.
So go work on the fuckin' docks, Tommy! Nobody gives a shit. You will be a cripple at 55. Have fun.
Dude there are so many jobs out there that pay more than you can imagine....a friend of mine is trying to become security on an oil rig - a lot of the guys are ex military and make IB MD money...no joke.
People who work in mining (in a range of roles) also will make more than entry level IB and more senior guys will make associate/VP level pay (in some parts of the world, eg Australia).
I'm sure there are many more examples also
Yea this all sounds fun and dandy until you realize you're a brick mason and just got assigned to build 30 20x20x20 cells in a plant that is around 130 degrees for 12 hours a day.
Seriously, I watched these guys for like 20 minutes the other day and I was sweating through my shirt. They sat there, lathering 10 bricks a minute and placing them into formation. Not only super repetitive, but physically exhausting.
Underwater welders do quite well too.
As for working in "management" - I'm not sure why that's held out like it's a good thing.
Same thing with the oil guys out in North Dakota now. They're making over 100k a year because its dangerous and nobody has any desire to remain out there for an extended period of time.
Different strokes. I grew up with a guy who moved to Alaska and works in the oil fields on the North Slope and is a crabber/fisherman. The oil gig is something like work 2/3 weeks, off for 3/4 weeks. He then goes out a few times a year on the boats. Combined he makes over $200k (maybe even more, he mentioned that number probably 10 years ago) and he loves his life. Cool house outside of Anchorage, hot wife, good kids and he likes his life. Not my bag but the more power to him.
Architecto facere fugiat pariatur iusto dicta laborum. Sunt nostrum temporibus deleniti fugiat voluptatibus.
Sunt reprehenderit voluptatem eaque velit. Enim quia animi repudiandae sit et. Et assumenda animi quia est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...