rayiner wrote: PDaddy wrote:
rayiner wrote:NYC Market is:
Stub, 1st: 160
So by the eighth year, a good BigLaw lawyer will make somewhere in the neighborhood of $350-450K. Not bad. It's a decent living, but the eighth year of investment banking $1-10M a year (or more), if done properly.
By the 8th year at an NYC lockstep firm you're partner, making $1m.
That is simply false, regarding I-banking. Maybe the top 1% of bankers make in that range, but I have about 15 friends in I-banking in Charlotte and NYC from my college class, none of which make in that range by their 8-10th year. Also, although the upper bounds is definitely better in I-banking, the attrition is even higher than biglaw.
The salaries you are talking about are achieved more by a few succesfull guys on the sales-trade side, especially buy-side guys (Hedge Fund, PE work).