£70k starting salary!!

okay, so we're predicting us salaries for 2013?

Changing your story now after being proven wrong?

Pointed out tiering difference because i just copied and pasted from your source.

*looks forward to a response full of personal attacks*

Okay, so we're predicting US salaries for 2013?

Changing your story now after being proven wrong?

Pointed out tiering difference because I just copied and pasted from your source.

*looks forward to a response full of personal attacks*

No. 2011 full time salaries Are all $70k. If you had even the slightest clue about this industry you'd know that.

Are we talking for graduates from the TOP 5 universities or in general?

*This is an industry of [taxpayer-subsidised] winners.

Hi everyone,

Let me take this opportunity to first introduce myself. I am 28 years old, graduated from Oxford University in 2003, worked in a start-up company for a few years then did my MBA at MIT Sloan. Since then been in the industry for the past 3 years working at a top tier IB in prime brokerage. Last time i checked my contract I was paid £6.5m base. In my first 2 years I was paid a good amount, much greater than £70k, much closer to around £4.5m base.

Not in my case kid.

Hi everyone,

Let me take this opportunity to first introduce myself. I am 28 years old, graduated from Oxford University in 2003, worked in a start-up company for a few years then did my MBA at MIT Sloan. Since then been in the industry for the past 3 years working at a top tier IB in prime brokerage. Last time i checked my contract I was paid £6.5m base. In my first 2 years I was paid a good amount, much greater than £70k, much closer to around £4.5m base.

Due to banks' exposure to each other the entire industry is subsidised by any bailout, whether you're tax-payer owned RBS or BNP Paribas. Not to mention the previously implicit and now confirmed guarantee of too-big-to-fail.

Maybe if the greedy joe public didn't take loans they couldn't afford we wouldn't be in this mess.

Due to banks' exposure to each other the entire industry is subsidised by any bailout, whether you're tax-payer owned RBS or BNP Paribas. Not to mention the previously implicit and now confirmed guarantee of too-big-to-fail.

Uhm President_Ben traded for a prop shop, not one of the IB's. That is also partly why his first year bonus was so much higher than what you would regularly see for a first year IB grad.

Abysmal trolling

Due to banks' exposure to each other the entire industry is subsidised by any bailout, whether you're tax-payer owned RBS or BNP Paribas. Not to mention the previously implicit and now confirmed guarantee of too-big-to-fail.

I hated the bailouts. I would have been absolutely minted like crazy if they didn't happen.

And a prop shop doesn't have exposure in the same way the big IBs do?

Honestly don't think you know what you are talking about. And stop talking as if bailouts were some sort of Christmas gift, they were loans/equity stakes that are now being paid back at a profit to the taxpayer.