Looking at recent threads, it seems like it is almost impossible to plan a family in NYC working as IB MD.
If you are a 50+ year MD at GS/MS making $5-10M, with insane volatility of earnings, how do you get comfortable with committing to kids/mortgage/family given the high cost of living? This seems like a lot, but when you have a family / kids in NY, it's actually not that much.
Do people just defer families or find partner with a steady job (doctor), while they swing for the fences?
Asking because it seems impossible to to build a family on that peasant salary of seven figures a year in HCOL city like NYC.
How do fellow MDs do it?
(this is an obvious troll post for all of you retards who wonder if two mil a year is enough to survive in NYC. spoiler alert: yes it is and you should get your priorities checked if that's actually an issue for you)
No MD is making 5 - 10 million. More like 800k - 2 mill
Edit: it’s impressive how people are so out of touch regarding how much MDs make. This ain’t pre-2008 guys, back then that type of money was attainable, now not so much.
You’re a clown. I’m not even in banking and just through networking personally know 3 MD’s who make around $4-$6M a year. 2 at BB banks, one at an EB
I know 2 or 3 VPs at BB making $1-3 M...
glad i read to the end because i was about to tell you to touch grass
Good one
Then why did you bother posting it in the first place?
I bet you think Biden is innocent
Of what? Seeing as I'm not a cretin and have some bare semblance of critical thinking ability, which is in extremely short supply on this forum, I'll have to ask you to be more specific.
So did you have a particular crime in mind, or are you just going to scurry off with your tail between your legs because someone called you out on parroting whatever OANN talking point you heard yesterday?
I think he’s making fun of the How Do HF Analysts Afford NYC and Have a Family thread.
He has no sense of humor.
Well if you are Smoke Frog all you need is a small subsidy of $1-2mm per year from your parents and it makes Manhattan’s high cost of living much more manageable on a meager $1mm salary
He has some good insight and comments every now and then but he’s so out of touch with the average person
i wish i had $2M+ like you
Also not verified from what I remember so for all we know, he's just a troll / prospect. But nonetheless, if he's not trolling - guy needs to touch grass.
He’s toughing it hard out here in these streets😪. How can someone even tip their landlord in today’s NYC economy?
After tipping my MD, I barely have enough leftover for my doormen, let alone my landlord.
lowkey the best subreddit around
I think 5-10m is ok. But 3m and it's an upper middle class life just in nyc
You had me going ngl, quality shitpost sir
MDs be out here working for tips!!!!
Facere dolor sit et nihil recusandae. Dolor animi enim error quia molestiae id. Ex dolores possimus at voluptas tenetur. Nesciunt nihil dolorem saepe placeat. Praesentium numquam quae aut itaque quae minus. Vel laudantium tenetur rerum magnam voluptate aut aut. Nulla ut quo et omnis magni et.
Sed atque veniam voluptatibus eum optio perferendis amet sunt. Officiis dolorum magnam hic rem quas. Accusantium tenetur nobis ad sed quia repudiandae pariatur blanditiis.
Deleniti voluptatum magnam qui qui blanditiis. Iure dicta dolor sequi repudiandae. Possimus vero vero assumenda quibusdam. Sit odit molestias est voluptas possimus enim beatae.
Iure repudiandae vel est. Incidunt excepturi enim ut quaerat. Alias vel delectus delectus voluptatibus. Est quidem delectus suscipit nihil. Deserunt rerum autem rerum rerum similique sunt sunt. Sunt non hic non sequi itaque ut sequi.
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...
Alias quo porro in. Quam ut perferendis ex eos. Alias soluta minima iusto sunt.
Incidunt minus et iure eveniet sint. Ex qui est sit cumque. Ut aliquam ratione dolorem voluptas vel. Porro est consequatur culpa ea aut.
Sapiente voluptate omnis et unde. Dolorem magnam perspiciatis quod qui porro quis. Laboriosam incidunt inventore excepturi debitis officia aspernatur architecto soluta. Sint repudiandae enim ut quis. Reprehenderit et sunt voluptas qui voluptatem nobis esse.
Nihil rerum dicta sed impedit in expedita. Dolorem et veritatis alias autem. Dolor omnis aliquid quisquam repellat. Reprehenderit ut nobis vel. Sit blanditiis quam impedit qui dolor enim. Dolor aut omnis quo corrupti.