Bank Tellers make more than IBD analysts (Hourly)Subscribe
I don't understand why you all brag about how much comp you make. As a a finance major this seems like simple math:
On call 24/7/365 so you are working 24752= 8736 hours
Assuming avg all in comp ~ 140k we have hourly salary = 140k/8736= $16.03
But you have to pay taxes due to that salary (while bank tellers don't)
So now assume a 30% tax rate
Adjusted hourly wage = $11.21
This doesn't even include opportunity cost of health, etc.
Meanwhile Bank tellers make $13-$15 an hour.
So my question is why do you all brag about high comp when your comp is low? Does the prestige motivate you to do IBD? What is it about investment banking that makes it hip?