How much does working on Wall Street really pay?Subscribe
So, I'm a high school senior going to a target undergrad next year, and I've been looking into my career options. I've pretty much narrowed it down to medicine and doing-something-in-finance. As you can tell by the ambiguous wording of my latter choice, I have only a very small idea about careers on wall street.
I don't necessarily have a burning passion for medicine, but I have a lot of experience interning and shadowing with various physicians, and can see myself being quite happy and moderately fulfilled in that role for the rest of my life. With the specialties I'm considering, I'd make about 300k starting out, and I'm sure I can get that up to 500k in five years or so if I start my own practice/join as a partner in a group practice.
Seeing as I do enjoy medicine, the only reason I would consider finance is is I was sure I could make a significantly higher amount than if I was a doctor (i.e, a million plus per year).
So for my question:
How many people actually end up making a million/year coming out of target and having a good work ethic? At what age would this happen? And I'm talking with any career trajectory...IB/PE/HF" ...getting an MBA at some point...
I know the ceiling is obviously much higher in finance than in medicine, but what does the average smart kid make? I know its hard to answer this question, but even anecdotal responses are much appreciated!