> Wall Street, however, is a special case. It offers extremely high entry salaries and enormous potential earnings.
Ha ha. No wall street in fact fits this analogy perfectly.
1) The number of "producer" roles vs suport/finance/tech/legal/admin etc is small. 90% of employees are toiling long hours in the hope of making the jump across.
2) And even in "producer" roles you're still playing the lottery system. While grad/starting salaries may seem high - say $120k, do you know how many hours you'll work? Double a regular 9 - 5, and often on the weekends. On an hourly basis it's really not high. And you'll need to put in many years of this to get to a position where you're "winning the lottery". I dare say the few that make it that far feel they deserve it.
I was going to say the same thing. It's very much the same. Making 120k sounds like a lot, but when people realize how much we're giving up, you can see that its not worth the money. But people (like me) do it anyway to get great experience and get ahead of the game. If it was only for the money, I'd be out in a heartbeat.
The people that do want to do it for life are gambling that by the time they're 30-40, they'll be an actual investment banker with relationship and closing deals. Chances of that are slim these days.
Ha ha. No wall street in fact fits this analogy perfectly.
1) The number of "producer" roles vs suport/finance/tech/legal/admin etc is small. 90% of employees are toiling long hours in the hope of making the jump across.
2) And even in "producer" roles you're still playing the lottery system. While grad/starting salaries may seem high - say $120k, do you know how many hours you'll work? Double a regular 9 - 5, and often on the weekends. On an hourly basis it's really not high. And you'll need to put in many years of this to get to a position where you're "winning the lottery". I dare say the few that make it that far feel they deserve it.