I Need A Job -- Cash Reward Involved

[AgentDrazenPetrovic]

basically, they make $500k a year doing excel spreadsheets.

 

[maxiep]

basically, they make $500k a year doing excel spreadsheets.

Only if you're a Senior Associate or lower. And there's a bit more to it, but yes, 18 hours working on comps does suck.

 

[The_Lillard_King]

basically, they make $500k a year doing excel spreadsheets.

You mean pretending to do spreedsheets. Or maybe they were doing spreedsheets, but boy did they mess those up.

No worries . . . gov't will bail out their shoddy work.

 

[AgentDrazenPetrovic]

You mean pretending to do spreedsheets. Or maybe they were doing spreedsheets, but boy did they mess those up.

No worries . . . gov't will bail out their shoddy work.

doot doo doo!!!!!

 

[BalancedMan]

This statement tells me you have little idea what an investment banker does. They make it possible for companies to have the capital to grow, either through debt or equity. They help save companies and, by definition, save jobs by finding potential partners for struggling firms or getting needed capital. Finally, they provide an advisory function to both companies and to investors.

No, I have a pretty good idea what people in the financial industry do. I have a few friends that work on Wall St. and some of my biggest college mentors were professors with a finance background. What you said is correct, and there is definitely value to be had there.

But the massive amounts of money that nearly everyone makes seems pretty insane. The money is so lucrative that a read an article last month about how America's intelligence has been watered down because all the bright children were tempted by the Wall St. money and went into derivatives trading rather than becoming scientists or other similar careers.

I just don't think the amount of money that Wall St. pulls in is equivalent to their value. They take a higher percentage. Regular employees can easily make six figures after bonuses. Executives walk away with multi-million dollar bonuses even if they were risky and careless, losing money in the year.

I actually thought about finance...for a while I was tempted to major in it. With my strong math skills I figure I would be able to hold my own in that arena. But that was about when the housing crisis started to hit and I saw the future for this industry was not going to be immediately pretty.

But anyways, I just look at the money they make and can't see how they really DESERVE it for the services that they produce.

 

[ABM]

But anyways, I just look at the money they make and can't see how they really DESERVE it for the services that they produce.

I could see how you drew that conclusion. I've often wondered that myself.