Making $250k a year in your early 20s is wild.
I’m in banking and make around $200-250k a year depending on bonus. That’s…insane. Like, I just graduated. What 22-23 yo has that much value add? How in the world do I justify my existence??
I know the reasons go beyond simple value add, there’s competing firms vying for talent, long hours, and money to go around with big M&A fees, but it’s wild to me that in the modern age we can move slides around and make that kind of money.
Imagine a normal business struggling forat a board meeting, scrutinizing each financial statement line item to save every dollar. Now imagine them trying to justify their new graduate hire’s salary.
“Okay we spent $1,200 on a piece of equipment that’s draggingfor the quarter. Also you can see we established a new line of credit of $5,600 a month to hold us over while we wait for that customer to pay us…oh yeah and Chadley Brooklyn over here needs his $250,000 to convert the client’s pdf .” If I were the of that company I’d do the slides and financials myself, like seriously lol.
I’m being dramatic and I understand that Goldman’s Sack can afford to pay their analysts, but this job is crazy to me. I fully expect to be replaced by AI any day now.
Anyways, happy Monday.