Saturday, March 24, 2007

Investment Banker Pay


On a really good year, star Wall Street investment bankers can earn so much as to be able to buy brand new Porsches like they were just matchbox toys on a shelf. You may wonder how their pay gets negotiated in the first place. Why are they unlike other mortals who toil each day of their working lives only to earn from retirement but a fraction of the annual take of a "rain-maker" from Wall Street? Let's see if you get some idea on how they do this thru the following joke from Mefco's Randomjoke.com:

Reaching the end of a job interview, the Human Resources Person asked the young INVESTMENT BANKER fresh out of Harvard, "And what starting salary were you looking for?"

The Investment Banker said, "In the neighborhood of $75,000 a year, depending on the benefit's package."

The Human Resources Person said, "Well, what would you say to a package of 5-weeks vacation, 14 paid holidays, full medical and dental, company matching retirement fund to 50% of salary, and a company car leased every 2 years, say, a red Corvette?"

The Investment Banker sat up straight and said, "Wow!!! Are you kidding?"

And the Human Resources Person said, "Certainly, ...but you started it."

(Clipart credit: Barrysclipart.com)

Preview: Investment Banker On Life blog