Damn, I was off by 5k salary and 2k bonus.
I got a yacht as bonus this year, I never lie.
SMIRK Wrote: ------------------------------------------------------- > CzarHC Wrote: > -------------------------------------------------- > ----- > > ***AND we all knew SMIRK was going to show us a > > fairly low salary since he wanted to show us > his > > exaggeration discount factor > > “Fairly low” = interpretation of a normal income > that someone under the impression that everyone in > NYC nine years out of college is rich would have. Dude- like I noted before your data point is a dude who as you said yourself has been in the basically same position @ the same company for NINE years- doesn’t exaclty sound like an ambitious fellow. I would venture to say that with some flexibility, foresight, cojones and additional education he may have easily met the average numbers. There is no way I would stay in such a stagnant environment even if I had to move… unless of course my significant other was making up for it- but then you have to consider the intrinsic value added for ‘fitting’ one’s inflexible requirements (ie not moving).
akanska Wrote: ------------------------------------------------------- > SMIRK Wrote: > -------------------------------------------------- > ----- > > CzarHC Wrote: > > > -------------------------------------------------- > > > ----- > > > ***AND we all knew SMIRK was going to show us > a > > > fairly low salary since he wanted to show us > > his > > > exaggeration discount factor > > > > “Fairly low” = interpretation of a normal > income > > that someone under the impression that everyone > in > > NYC nine years out of college is rich would > have. > > > Dude- like I noted before your data point is a > dude who as you said yourself has been in the > basically same position @ the same company for > NINE years- doesn’t exaclty sound like an > ambitious fellow. > > I would venture to say that with some flexibility, > foresight, cojones and additional education he may > have easily met the average numbers. There is no > way I would stay in such a stagnant environment > even if I had to move… unless of course my > significant other was making up for it- but then > you have to consider the intrinsic value added for > ‘fitting’ one’s inflexible requirements (ie not > moving). You can say whatever you want to try to justify why real life <> AF expectations for massive riches and 72 women at your feet just for living in NYC and working in finance, but the numbers don’t lie. You can also try to pretend that this one person is an outlier out of the 100,000+ people that work at this bank, or maybe she’s not and that’s really what people make in real life.
SMIRK–for our comparison can you give us a range for your salary? Clearly not asking for an exact number but since you’ve got such strong feelings on this subject it would help to see which way you are biased.
Not sure what that accomplishes, but give me some very wide ranges and I’ll tell you which one I fall into.
Total comp: 40-70k, 70-100k, 100-150k, 150-200k, 200k plus
Total Comp (i.e. Base+Bonus for 2009): 0)<60 a) 60-80 b) 81-100 c) 100-125 d) 125-175 e)>175
Those ranges are way too narrow. Salary Ranges: a) <50K b) 50K-250K c) 250K-500K d) 500K+ Answer: B
It’s normal to assume that everyone else is banking more than yourself. In my office I always apply a 30% discount to co-workers statement’s as to what people in our line of work are making at other companies.
I’ve had BO and MO people report to me and that salary is definitely on the low end.
OH YEAH!? I’m drunk. Bitch*s.
SMIRK Wrote: ------------------------------------------------------- > Summary of the guesses up through anc417 (I threw > out hezagenius’s wildly high numbers): > > Average Salary: 85,325 > Average Bonus: 22,525 > Average Total Comp: 107,850 > > Highest Salary Guess: 180,000 > Highest Bonus Guess: 75,000 > Highest Total Comp Guess: 240,000 > > Lowest Salary Guess: 60,000 > Lowest Bonus Guess: 5,000 > Lowest Total Comp Guess: 70,000 > > And the actual numbers… > > Salary: 78,000 > Bonus: 8,000 > Total Comp: 86,000 > > AF Exaggeration Discount Factors: > Salary: 8.6% > Bonus: 64.5% > Total Comp: 20.3% Now I know what the numbers are when I’ll say like Smirk: “discount factor APPLIEEEED!!!”, lol.
SMIRK Wrote: ------------------------------------------------------- > Those ranges are way too narrow. > > Salary Ranges: > a) <50K > b) 50K-250K > c) 250K-500K > d) 500K+ > > Answer: B WTH, “B” covers the range for 95% people in this industry. have you ever thought of election campaigning as a potential career, you’ll rock there with skills like that… lol.
CzarHC asked for perspective so I gave it him. I’m neither rich nor po’.
If this dude was a charter holder, made one or two good jumps, and really sold himself it wouldn’t be too unreasonable to assume he can be clearing 100-120k + 0-50% bonus by now.
BiPolarBoyBoston Wrote: ------------------------------------------------------- > If this dude was a charter holder, made one or two > good jumps, and really sold himself it wouldn’t be > too unreasonable to assume he can be clearing > 100-120k + 0-50% bonus by now. Oh boy oh boy oh boy so excited to throw down the first AF Exaggeration For Passing Each Level of The CFA Exam Discount (AEFPELOTCED) on this forum. AEFPELOTCED – APPLIED! http://www.analystforum.com/phorums/read.php?1,1103124,1103184#msg-1103184 And for good measure, let’s slap an AF Exaggeration for Believing that Having a CFA Charter Actually Makes One Ounce of Difference in this Job Market Discount (AEFBTHACCAMOOODITJMD) factor on this one too.
80K