That thread says 200k to 500k in a 3-5 yr time frame. Do salaries really hit 500 k in a 3 yr time frame. 3 yrs is nothing, even in this market ?
No. Where it said that?That thread says 200k to 500k in a 3-5 yr time frame. Do salaries really hit 500 k in a 3 yr time frame. 3 yrs is nothing, even in this market ?
The actual message had a range but anyway 5 yrs of experience and becoming a VP. 500k still seems to be a lot of money.
Don't just look at the raw numbers. As Andy has pointed out more than once, the cost of living in NYC (or London) is stratospheric........Going into the medical profession makes more sense. Or becoming an actuary.
"convinced many quants would exchange their jobs for something else paying a fraction of their former salaries for a mix of fewer hours, less stress, and less uncertainty."
If, afterall, the pay is so unsatisfactory compared to these other career options you mentioned, then why would we come for a MFE in the first place, besides the attractiveness of the intellectual challenges and then again the not so well regarded perception of dorkiness for being a quant as viewed by the rest of the street?
I mean its just kinda discouraging to hear all this from you guys for a would-be quant like myselrf. Seriously you are the role models of a lot of the more junior quantneters. We definitely don't want to end up in misery after forking over the 30k tuition fee.
The picture you guys are painting here definitely seems like an overpessimistic one. If, afterall, the pay is so unsatisfactory compared to these other career options you mentioned, then why would we come for a MFE in the first place, besides the attractiveness of the intellectual challenges and then again the not so well regarded perception of dorkiness for being a quant as viewed by the rest of the street?
I mean its just kinda discouraging to hear all this from you guys for a would-be quant like myselrf. Seriously you are the role models of a lot of the more junior quantneters. We definitely don't want to end up in misery after forking over the 30k tuition fee.
thats just way too gloomy.