Highest pay industry

Hey, if i am just starting out of college, which industry is the best if i am in it for the money. 
I have checked out ib and the pays are not as good as they make them sound it movies etc. Which industry has the highest pays from the starting ie. starting positions. That ill be able to make at least 300k year. (Approx)

Idk much about the pays on wall street, thank you

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Comments (17)

Apr 6, 2021 - 3:41am

Quants will make that first year at top firms but you better have extremely good math skills (math Olympiad etc) and hopefully some coding as well that's about it for 300k first year that I know of on the street

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  • Analyst 1 in IB - Ind
Apr 6, 2021 - 5:08am

You're not making $300k at any true entry level finance job, final (especially not in IB, S&T, or analyst-level PE). Now stop asking the same question and go make an action plan centered around obtaining a reasonably attainable entry-level finance job.

Apr 6, 2021 - 3:33pm

Are you at a target with a high GPA and good internships? 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Apr 6, 2021 - 3:36pm

What value would you bring as a fresh out of college grad with no work experience to be valued at 300K? You'd actually have to generate more than 300K in value otherwise it's be a negative ROI for any company to hire you.

Your pay in a currency called experience coming out of undergrad. You're a liability the first few months on the job at best. 

Apr 6, 2021 - 3:54pm

Out of undergrad? Quant trading at top Prop shops and HFs.

1st year TC band is 200K- 400K. If you negotiate (with competing offers) then you'll be on the 400K end.

But realistically there are probably less than 100 people each year who can break into top quant shops out of undergrad.

You better be a freaking genius.

I have 2 friends who both broke into top quant shops (JS/Citadel/HRT) out of undergrad and they were both pissed off they only made it to the top 500 on the Putnam instead of the top 400 or whatever. Meanwhile I was glad that I made it to the top 1000.

For your average smart person, you can shoot for mid tier quant shops. expect 100K~250K band for 1st year TC.

Apr 6, 2021 - 9:43pm

Milton Friedchickenman

Out of undergrad? Quant trading at top Prop shops and HFs.

1st year TC band is 200K- 400K. If you negotiate (with competing offers) then you'll be on the 400K end.

But realistically there are probably less than 100 people each year who can break into top quant shops out of undergrad.

You better be a freaking genius.

I have 2 friends who both broke into top quant shops (JS/Citadel/HRT) out of undergrad and they were both pissed off they only made it to the top 500 on the Putnam instead of the top 400 or whatever. Meanwhile I was glad that I made it to the top 1000.

For your average smart person, you can shoot for mid tier quant shops. expect 100K~250K band for 1st year TC.

I have a friend that went to Citadel after undergrad, but he was already working FT at a small HF from sophomore year making 6 figures, so he is quite an anomaly. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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