“The Average salary of a Bear Stearns employee in 2007 was over $600,000. Screw them all” stated by deadzone
This is the problem with averages – I can guarantee you someone who is a 1st or 2nd year analyst does not make 600K, nor does the person in opps or technology. In fact, I would guess to say that at least HALF of their employees don’t make 600K. If you took your own company and “averaged” all the compensation – those numbers too might look quite large.
Do you know how many hours a 1st or 2nd year analyst at Goldman Sachs, Morgan Stanley, Bear Stearns for instance works? Most of them “average” 100+ hours a week. They will take home 80K-100K with their bonus included in that figure. Do you know what that comes out to per hour? Between $15 and $19 per hour.
