A $1.2 Quadrillion ...?

Hi everyone,

Current undergrad student here trying to understand a concept.

I was recently debating with my friends how much money there was in the entire planet earth, and to read upon it, I ended up here:

http://www.marketwatch.com/story/this-is-how-much…

My question is, how can the derivative industry be worth so much more than the aggregate value of all debt, income, market cap, funds, and global GDP (basically everything)? What does this $1.2 value truly represent - is it an reflection of the leverage involved in these deals?

Please help,

 

Enim aut vel ut ex. Consequatur occaecati voluptas accusamus aut.

Neque qui exercitationem perspiciatis fuga sunt quidem. Magnam iusto officiis quidem distinctio optio. Neque qui enim earum officia. Molestiae odio eos neque iure provident deleniti. Sit nemo voluptatum magnam eum et impedit. Et rerum id earum assumenda.

Distinctio deleniti dolore et minus molestiae odio. Accusantium quis sunt quis voluptate. Explicabo amet eos voluptatem adipisci. Unde necessitatibus tempore nostrum natus rerum. Est non blanditiis cum nostrum et. Suscipit repudiandae dolor ut omnis modi quo.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”