Highest Paid Stanford MBA earns $522K
Damn.
Any idea about this guy's profile?
http://poetsandquants.com/2013/11/13/highest-paid-stanford-mba-522k/
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This is not bad for an MBA program. Frankly I figured that out of ~1000 students they'd do a tad better.
We had an MFE drop out last summer. I don't know how his situation compares to $522- I suspect it's better, but he's now in one of those situations where work is an option, not a necessity. We also had a few ORFE PhDs do better their first year. I suspect similar tail case stories are being told at CMU, NYU, Columbia, etc.
We really need to stop worrying about these tail cases. That person probably isn't you. You need to focus on what you do best. Don't turn into Brady4MVP.
If the IlliniProgrammer account were a little less PG-rated, I'd be going off on some long rant that involved first-year analysts spending an extra 10 minutes at home every morning fantasizing about becoming the next Ken Griffin, rather than doing better jobs and materially improving their circumstances.
For someone with pre-MBA PE experience at a megafund that's high but not crazy if they are valuing carry and coinvests with loaned money.
Agree w/ meabric. There's probably 15-20 MBAs each year that graduate with a similar offer in private equity. Most large cap funds are going to be in the ballpark of +/- $200 base / $200 bonus w/ some form of carry/phantom interest.
I wouldn't consider $500K all in for a Stanford MBA with prior IB/PE experience to be THAT impressive.A great salary all the same, but considering someone from Stanford/Harvard is getting mega fund interviews and stuff like that comp should easily be around this.
How much do BB pay 1st year Associates out of top MBA Programs?
Closer to $300k all-in for the guys that still pay bonuses.
Sounds way too high to me unless things have changed in the last few years.
So how would it break down for a Associate 1 in his first full year from Jan-Dec?
$100 k base, and $200k bonus. Sounds like a lot. Notice I'm leaving out the sign on which is for A0's.
No BB associate is pulling $300k a year.
We make it out on this forum to seem like MBA's all become as famous as Michael Jordan and make millions. That being said, that is a fantastic comp. package.
Ehh I know guys at Google pulling that. It's all about how much you can get done in a week, not about face time or presence.
yet you said Twitter..
and just edited your post from Facebook to Google... which one is it?
Tech firms don't care if you work 30 hours a week or 70 hours a week. They just care that you get your work done. And there are developers who can get 70 hours/week of work done in 35 hours. What's so odd about that?
My younger brother works at Google. I'll admit that my knowledge is fairly limited, but it doesn't seem like any of the younger devs are working 35-hour weeks.
Your younger brother isn't one of the more efficient programmers. That's OK; he's probably doing great, but there are guys who can crank out 2-3x the work other great developers do in the same amount of time.
Oh well, 24-year-old node.js developers go for about $80/hour these days. I don't think $50/hour for an HBS MBA working in banking is unfair. Especially when you are requiring 120 hours/week and those last 40 hours are in the 33% tax bracket.
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