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Look at the placement for Goldman Sachs, JPMorgan, and UBS Analysts--these are the jobs for kids fresh out of college--they are all overwhelmingly in NYC.
Can you work for the State Dept in Detroit.
I am not talking about support jobs for Goldman. I am talking about Ibanking jobs which lead to huge salaries.
Do you work in the business? How far into the six figure range is enough to qualify for you?
400k a year is a lot of money...but I can see how it could not be so much in a big city with a a few kids. Plus, I think taxes in NYC eat up about 40% of your income..state, city, federal.
Do you work in the business? How far into the six figure range is enough to qualify for you?
No, I have a unique story: I was a warzone contractor, got hit, got a seven figure injury settlement, and now attend an undergrad program at an Ivy for non-traditional students. I had a skill set and a clearance which enabled me to take jobs downrange for about a quarter mil a year.
****
PS: I worked with some real idiots who had zero financial IQ. Most of us are blue collar guys who never saw money before let alone 25k a month pay checks. About 1/2 of the fools I worked with elected not to have taxes taken out and they did stuff like buy fully loaded Mazerattis to drive 1x every three months for five days on R&R. Another clown bought an airplane yet he never took a flying lesson in his life. he was forced to sell it for 35Cents on the dollar when the IRS repossessed his plane, home, and his Xbox. I think he was most aggrieved by the loss of his video game console.
Another lad saved up about 500k in three years and married a Ukrainian super model. She installed a keyboard logger on his computer and emptied his bank account as he slept on his last day on R&R. When he got to Dubai and wanted to buy a Whopper Meal in the airport he was forced to beg for his 15 dirham supper. The FBI and DS investigated the case and even sent a team of agents to find "Svetlanta" as it may been a CI issue. He later "hired" a NY Russian crime gang to find her and when that failed put a 75k price on her head. The last I heard he moved to Ukraine and was passing out pictures of her in Freedom square. He met another girl there and, well, she took his money too.
Another fellow went to a legal bordello in Nevada and had an all night orgy with ten women. Why would a man take ten women? Two, three, but ten? His bill was like 68K as he wanted all options avail. His wife saw his CC bill so he concocted a story that his card was stolen and even paid a homeless man to cop to the crime. The case is still in litigation.
A lot of people are really dumb with money.****
I tried to go through the campus recruitment process for Wall Street internships(S&T and IB) but am too old That being said, I am intimately familiar with the process, placements, and salaries.
I did however finagle an internship in the IT dept of a wall street firm which I completed during the early part of the summer.
The support functionaries in finance earn a good living but it's the revenue generators which pocket obscene compensation like 750k a year bonuses and live like Gordon Gecko.
I agree. Both our kids went to local universities .law school was also local . They graduated right in to six figure salary's.
I would think that the opportunities for kids graduating at local NYC schools are not going to be representative of the opportunities available to kids graduating from "local" schools in other areas.
have you been to whole foods? That place is ridiculous. Get their meat and things like smoked salmon and it will be like 25 bucks a pack...
I drop about 300 each time I show up for four bags. I dont even shop there anymore because it cost too much.
4.25 for one Advocado!
You can spend that much at Walmart if you wanted to.
Avocados and all fruits/veggies go by a seasonal rate.
WF has everything from expensive to semi-affordable items; no one says when you go to WF, you have to purchase the most expensive things they have there. WF has options for those who do not want the priciest items.
It is not suicide to go to an affordable undergraduate if you are smart. Grad school is what matters anyway. I'm very glad I went to a public university, ended up in the same place for grad school as many people from top 25/30 schools, only I had no debt and they were already at 85-100k in debt. They will be paying off debt until 35-40 and I never had any, which allows me to immediately start putting serious cash towards retirement.
Exactly. I am extremely proud of my sound financial decision to attend a state grad school. I started my career out of school debt free working w people who owed 30k+ in graduate school ONLY.
I really don't understand the mentality. Did they take the "sale" of the school? Think they were "above" state schools?
These are the types of people i think will also live paycheck to paycheck making 100k+ per year.
I tried to go through the campus recruitment process for Wall Street internships(S&T and IB) but am too old That being said, I am intimately familiar with the process, placements, and salaries.
I did however finagle an internship in the IT dept of a wall street firm which I completed during the early part of the summer.
The support functionaries in finance earn a good living but it's the revenue generators which pocket obscene compensation like 750k a year bonuses and live like Gordon Gecko.
In houston I have 20+ seven figure folks on the payroll many more high six figs, lots of mid to low six figs as well and I only work for one firm in one town. Wall St has plenty of revenue generators outside of NY so my point still stands that and is factual
Look at the placement for Goldman Sachs, JPMorgan, and UBS Analysts--these are the jobs for kids fresh out of college--they are all overwhelmingly in NYC.
Can you work for the State Dept in Detroit.
I am not talking about support jobs for Goldman. I am talking about Ibanking jobs which lead to huge salaries.
This point is something I had always read about being an econ undergrad, but not something I had seen up close until I took a job for a software company that makes a product used by investment banks, hedge funds, and other large financial institutions.
Almost all of the good jobs in high finance are in Chicago, NYC, Boston, San Francisco, and possibly a few other scattered firms here and there. IT positions at these firms are so niche and specialized virtually anything pays at or near six figures in front and middle office. There are simply so few places these jobs are at you must move to where the job is, and people outside the area are unlikely to have the necessary skills or experience, as the work is done nowhere else.
No, I have a unique story: I was a warzone contractor, got hit, got a seven figure injury settlement, and now attend an undergrad program at an Ivy for non-traditional students. I had a skill set and a clearance which enabled me to take jobs downrange for about a quarter mil a year.
****
PS: I worked with some real idiots who had zero financial IQ. Most of us are blue collar guys who never saw money before let alone 25k a month pay checks. About 1/2 of the fools I worked with elected not to have taxes taken out and they did stuff like buy fully loaded Mazerattis to drive 1x every three months for five days on R&R. Another clown bought an airplane yet he never took a flying lesson in his life. he was forced to sell it for 35Cents on the dollar when the IRS repossessed his plane, home, and his Xbox. I think he was most aggrieved by the loss of his video game console.
Another lad saved up about 500k in three years and married a Ukrainian super model. She installed a keyboard logger on his computer and emptied his bank account as he slept on his last day on R&R. When he got to Dubai and wanted to buy a Whopper Meal in the airport he was forced to beg for his 15 dirham supper. The FBI and DS investigated the case and even sent a team of agents to find "Svetlanta" as it may been a CI issue. He later "hired" a NY Russian crime gang to find her and when that failed put a 75k price on her head. The last I heard he moved to Ukraine and was passing out pictures of her in Freedom square. He met another girl there and, well, she took his money too.
Another fellow went to a legal bordello in Nevada and had an all night orgy with ten women. Why would a man take ten women? Two, three, but ten? His bill was like 68K as he wanted all options avail. His wife saw his CC bill so he concocted a story that his card was stolen and even paid a homeless man to cop to the crime. The case is still in litigation.
A lot of people are really dumb with money.****
I tried to go through the campus recruitment process for Wall Street internships(S&T and IB) but am too old That being said, I am intimately familiar with the process, placements, and salaries.
I did however finagle an internship in the IT dept of a wall street firm which I completed during the early part of the summer.
The support functionaries in finance earn a good living but it's the revenue generators which pocket obscene compensation like 750k a year bonuses and live like Gordon Gecko.
Now those are good stories of people blowing money. Lol.
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That being said, I am intimately familiar with the process, placements, and salaries.
