Why does IB not make the top 10 salary rankings?
The top 25 highest pay jobs usually all make up the medical field like doctors and dentists. What about bankers and hedge fund managers?
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Several reasons:
- It's hard to define what a salary is. If I own Cargill and just pay myself a 50mil salary, does it mean that CEO is the best paying job?
- It's hard to rank jobs: are we supposed to use averages? Median values? Interquartile range? Some CEOs make bank, some others barely make any money (startups)
- Normies don't know what the hell an investment banker is
Essentially this
True. I’d also add that bonuses and carry being such a large percentage of total comp makes the salary comparisons even more complicated.
Yeah but if you look up any list it appears as the lower bound they quote is around the 60-65K mark. I would say most analyst salaries not including bonus is right up there.
Here is the article I was looking at:
https://www.collegechoice.net/50-highest-paying-careers-college-graduat…
based
They usually consider salary only not all in comp. bonus is weighted more heavy in finance than anywhere else and the ppl making the lists don’t consider that
Always thought this was the main reason - most comp tables seem to only consider salary, not salary + bonus.
yeah the principal reason is very simple vs. what others are posing in this thread
When it comes to first or early yrs after graduation, many forms of engineering look good (although they don't account for the variable income in banking, AM, etc.). However, unless we're talking about comp sci in FAANG, most engineering jobs top out pretty early if the candidate doesn't move on to a senior role. Outside of FAANG and ownership (which is hit or miss), Banking will far outweigh the engineering income say 10 yrs out.
I think one thing that has not been said yet is that it is much easier to get a engineering job than it is a IB job.
Edit: Alright, so I keep getting monkey shit and here is the proof. There are approximately 1.6 Million engineers in 2016. Link below. If you combine all the top IB shops head count, It can come close to that, but this includes All employees not just IB. I agree that maybe the curriculum is harder but if you can get through school it is easier to get a good paying Engineering job than a FO role.
Engineering Article: https://www.bls.gov/careeroutlook/2018/article/engineers.htm?view_full
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