What's your job? What's your hourly pay?
And what exactly do you do? Saw a similar question posted on Reddit and though this would be a fun thing to discuss.
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Career Resources
People in finance don't really get paid by the hour
Nice try HR
Banker. Slightly over minimum wage when you break it down to hourly
This is the correct answer.
All jokes aside - for a mid-bucket first year:
Total comp = 150k (10k sign on + 85k base + 55k bonus)
Hours = 4,000 (80 / week * 50 weeks) - if we're being honest, rare to work the week of Christmas/New Years. Thanksgiving is slower and getting a week off is realistic. Most people aren't averaging 100 hours a week.
150/4 = $37.5 an hour
This is probably the most accurate for a mid-bucket 1st year AN.
All Jokes Aside - regional boutique first year:
Total = 160K ( 10K sign on + 65K base + 90K bonus(could of hit 130K in bonus but missed 2))
Hours = 4,000 (80/ week * 50 weeks) - I work through Christmas and Thanksgiving is intense, we are small so its a good time to attack. I am still going to assume a average of 80 hours/week because some weeks it is slow.
165/4 = $41.25.... Damn I thought I made more than this....
A lot. I don't know if the hourly rate is great or shitty. Is it even work if you enjoy it? I'll admit that I spend at least four hours reading Bloomberg news and the wire services each day. Is that work?
It is work if your job requires you to be knowledgeable about market conditions.
The thing is I've never been given an actual list of work requirements. Even my boss (SMD) or his boss can't describe my job. I'm just here to clean up the odds and ends that they can't describe, while providing them cover and helping the people up the food chain with random requests that don't fall into anybody's wheelhouse.
This is the correct answer. Work is defined as anything you do in exchange for money that you wouldn't otherwise do for free. Not sure how so many people don't understand this.
Just finished my first year as an Analyst for a massive publicly traded debt investment platform. I think my hourly gross wage is like $38/hour base?? However after all the stress and hours I work and taxes and cost of living in a major city I wouldn’t say I’m making much more than a rural cheaper cost of living barista making $15/hour with minimal expenses and maybe some OT. However my bonus is pretty substantial and my 401k is also popping off.
How old are you and how much do you make?
Early 20’s. Low six figures USD.
This probably sums it up best:
https://vimeo.com/17477153
Hourly? I’d make more flipping burgers for Ronald McDonald.
Salary? Not enough.....
Meaning you feel you do more for the team than they compensate you for?
Strategy. Not sure why you would express this in terms of hourly pay, but as I calculate it out it is somewhere around $110 an hour.
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