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What do you mean by “do better”? Make more money? Are better at their jobs?
Edward Jones is a retail brokerage firm, not an investment bank. While many investment banks also offer retail brokerage services, it’s usually not where they make their real money.
The news and our president make it out to seem as if all employees of the financial industry are fat cats (and unethical). This is far from the truth.
I would say in general (but not in all cases) it is true. One only needs to be able to read a newspaper (or on line for those of you under 35) to know it to be so.
Would this hold true compared to other industries that do not provide an actual physical product? Say law firms, management consulting firms, accounting firms, etc...
Would this hold true compared to other industries that do not provide an actual physical product? Say law firms, management consulting firms, accounting firms, etc...
There is always some bad in every profession but clearly based on the news the financial industry has a much higher rate of failure--- do you not agree--
I would like to introduce you to my broker-- Bernard
People in the Financial Industry all over the world do better than everyone else in any industry all over the world.
That is not universally true.
The so called "financial industry" comprises many various and sundry types of businesses and employees.
If you are a rain maker or close enough to someone that is then yes, you can earn above to way above average compensation. But there are plenty of grunts/lower and even middle level workers that make anything from just decent to barely so wages.
Bank tellers, some managers and others in that sector do not make huge amounts of money. With M&A activity down you aren't finding great money in that area today either.
There are lots of industries in the city that have people living very well in the top tiers of thise industries. The newest influx of moneymakers for NYC, and one expanding rapidly, is the tech industry.
Financial industry is still paying better than the tech industry -- even for techies.
Cell phone sales people are still in lousy retail jobs. Beats being unemployed though.
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