How Lucrative Are Wall Street Jobs?

Discussion in 'Wall St. News' started by Banjo, Mar 5, 2013.

  1. Jgills

    Jgills

    one should also divide this pre-tax, all-in number by cost of living
     
    #11     Mar 5, 2013
  2. ofthomas

    ofthomas

    lol... I wish.. first off, that does look like front office only... and depends which desks... further, back office will be half of that... and the top tier (mostly Dirs) will make the high end of that half... AVP/VP's wont go pass $200K at best... if they were talking about funds, then maybe... and that is a huge maybe...
     
    #12     Mar 5, 2013
  3. gmst

    gmst

    Good post.
    I think Ivy league business school professors would have the highest sharpe ratio on average. Once you get tenure and are working in a public univ like the Cal system, quality of life/life long easy and guaranteed income adjusted for risks etc. blows away even the directors in investment banks.
     
    #13     Mar 6, 2013
  4. The Custodian at the CBOT floor makes like 130K a year I heard.
     
    #14     Mar 6, 2013
  5. They make about 280 to 350k on average but are required to publish in top tier journals ( not easy ) etc. surf
     
    #15     Mar 6, 2013
  6. Wow is it really that low? Do others agree? That's less than I made at my last outside sales job and that job was the lowest I ever made in sales.

    Do these people have to have all the licenses too?
     
    #16     Mar 6, 2013
  7. jem

    jem

    Professors with personality also have a fringe benefit very few middle age guys have.

    I thought the biggest competition in college for the top tier girls / women were the T/As and the professors.
     
    #17     Mar 6, 2013
  8. Seriously, you people are idiots.

    Here is a math problem. If any office of people has 10 employees, 9 of the employees make 50k a year 1 makes 100 million what is the average pay in this office?

    OMG THAT OFFICE MAKES ON AVERAGE $10,045,000. OMG OMG OMG OMG!!!!

    It's an average it's the dumbest way to ever measure something like that.
     
    #18     Mar 6, 2013
  9. Visaria

    Visaria

    Lol, median v mean
     
    #19     Mar 6, 2013
  10. Clear example of pros and cons depending on which side of the table you are on taken from a math forum.

    why do we use mean instead of median

    Hi Jill,

    Probably the easiest way to see the difference is to consider some
    data with an outlier. For example, suppose there are 7 people who
    graduate from some university with degrees in communications. They all
    get jobs, and their salaries are

    $27,000
    $29,000
    $33,000
    $34,000
    $35,000
    $39,000
    $5,000,000

    The last guy got a job playing basketball in the NBA! Now, the median
    is the middle value, or $34,000. But the mean is about $750,000.

    The $5 million salary is what we call an "outlier". :^D

    So, if you were trying to tell prospective communications majors what
    they could expect to earn after graduation, which number would give
    them a more accurate picture--the median, or the mean?

    On the other hand, if you were just trying to get people to come to
    your university, which number would attract more students?

    This is why it's important to understand when someone reports an
    "average" value, he might be talking about the mean, the median, or
    the mode (another "middle" value), depending on what kind of
    impression he wants to make. It's up to _you_ to ask, in each case,
    _which_ average he's talking about.

    http://mathforum.org/library/drmath/view/65606.html
     
    #20     Mar 6, 2013