Salaries of Investment Bankers?

I saw the figures of the starting salaries for people with economic degrees from Manchester, and the highest was 42k. And they were for people graduating in 2002. Granted that was the highest out of 350 people...

Damn! and thats starting salary! Even if the salaries don't rise by much over their career (although probably will) , that is a respectable amount, indeed!

Yeah but think of all that work you have to put in, and the lack of a weekend or a social life. Fine if you want to live for your job but...hmm...statistics...

Oh but you could do that for a while and have some money saved up. The graduate debt wouldn't then be a problem at all. A lot of people do just that and with the money saved, they travel, experience all they can, and find something that they are interested in and would work less for.

With a lot of graduates not being able to find a job they like or get paid a lot for, those on 40,000+ are not doing too badly..

Many of you have just said that with 20 or 30K a year you can live fine, but you haven´t consider that you will probably be retired after 15 or 20 years of work; so you have to earn a lot more than those 20 or 30k to be able to have some savingsfor the time you are not productive anymore.

Personally I'm probably going to go into programming on graduation... I'll earn a starting salary of about £28k, rising to in the region of £40k after a year or so.

Apart from a certain few companies, £28k starting salary for a graduate rising to £40k after the 1st year in the computer industry can be a pretty unrealistic expectation of earnings, especially for programmers, since many senior programmers(who have been in the biz more than 10 yrs) earn like £45/50k max.

It's an excellent degree.. but earning £40k within a year, in programming doesn't happen.

i still dont understand why people are so obsessed with investment banking, my dad has his own home-business, and he earns more than 100k a year, more than most people in investment banking, and much more less stressful and insecure + he doesnt need to pay income tax!

But, realistically, if he's doing E&M at Oxford, if he wants to earn a lot, he isn't going to have much difficulty, it's an excellent course.

It's an excellent degree.. but earning £40k within a year, in programming doesn't happen.

Hmmm it seems thepants999 already has his foot in the door of Data Connection. http://www.dataconnection.com/careers/vac/cbcjp.htm
His estimate of what he may be earning is clearly not that unrealistic then....

See - I try not to doubt people to early, they generally don't just lie, quote:

"Graduates will typically be earning a package of £30,000 - £40,000 at the end of their first year. This is based on a starting salary of £26,000, which may be increased for applicants with a Ph.D/D.Phil. Growth can be very rapid. After two years, most graduates achieve a total remuneration of more than one and a half times their initial salary, and some more than double it."

Hmmm it seems thepants999 already has his foot in the door of Data Connection. http://www.dataconnection.com/careers/vac/cbcjp.htm
His estimate of what he may be earning is clearly not that unrealistic then....

For EU residents there's often offices in France, Belgium, Germany, Holland... otherwise they're accepted for UK internships provided they have a permit allowing them to legally work here. For investment banks European students are looked at very favourably, since fluency in 2+ languages is a great bonus..