$$$$$$ wrote:Colleges: Targets
Work Experience: Top Ibanks and Prestigious Boutiques / Departments: Large Range (tech - healthcare - consumer products - etc) / work: varies from project to project (lots of m&a work tho)
Connections: Fuck Tons (sucks to be middle class like me)
This is based off of about 12-15 people I know personally and from what they told me. They could be full of shit, but not many of these people are friends and they all had similar stories/compensation numbers. From what I've read about everything and going to business school and talking to people, these numbers are fairly accurate.
To all TLS people, if you want to learn about this stuff, go to Wallstreetoasis.com, not TLS
edit: done arguing with law students about finance jobs, but if anyone is interested, go to the site I list above, it is a TLS wonderland for finance people. I used it for interviews in college and literally got asked questions listed on the forums word for word...shit was hilarious.
I presume with "target" you are referring to Harvard, Wharton and (crap, I forgot, but I'll fix this later). Are you talking UG or MBA? if an MBA, what level did they reach before starting?
Grades "Absurd" do you mean 4.0? Yeah, they can get fast-tracked
When you mention work experience, did any of them make it past the associate level? No way is an associate from an IB getting anything other than associate at PE (with a small pay bump)
Connections can make a hell of a difference. If daddy owns the firm, then, yeah, you can skip to the head of the line. But that's not entirely a fair comparison.
As an FYI, there are board members at Fortune 500 companies who don't make half a million a year.