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Firstly many industries pay well from medical, to legal, to finance, to engineering (ie $200k+) But in Australia, no one needs to squander their money on expensive cars, houses, toys even if they're in high paying industries. Most of my investment banking (VP+ levels) friends either don't own...

Sometimes it's a bit simpler than you think http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11472827

No point throwing tens of millions around and comparing them. In all these jobs you mention, most guys will never see anything like that from their gig.

You asked a pretty broad question. What prop shop? Let's take FM as an example. You can make a lot. It's pretty easy to figure out just looking at their FUM, staff numbers...

What, like at home? Or are we talking about HFT, algos, or working at trading division of a bank or HF? Or you talking about family offices but that's not trading.

Absolutely. These days I get up when I feel like it, although I make an effort to go to work by a certain time. I do what I like to do at work, only look at things that interest me or I think have meaningful payoffs. Of course, I can bust my chops and increase my odds and chase every...

That's hard to answer because it's in hindsight so I would know what worked and what didn't. Generally speaking I don't think it's an issue of what you do as a job or what you study. It's more about what you do outside of things that everyone else is doing, be it studying or working. If...

Get you where? Magic carpet ride?

Here's the way to think about it. If you're in it for the long haul, and want to be a CEO one day after 40, it doesn't matter whether you do consulting, banking or law. They're all good starts, good experiences and over 35, no one really cares which one you do. If you want to make a bucketload...

I've done both. I seriously did not enjoy big law. I was briefly in a bit of M&A and tax. The former is very documentation focused, process driven. Doesn't get much more boring than legal DD in a takeover.. It could hardly be described as 'law'. The latter was just very niche - some people love...

IB is a great stepping stone. Mind you, I didn't enjoy working at an BB very much and found the work very menial. Of course, that was many years ago as you can probably tell from my join date.

Nothing is a waste of time if you have no specific goals If you know what you want to do, take the fastest route and use the shortest time to get there. If that goal does not involve being a lawyer, chances are law is a waste of time

Re: What's better for an investment banker? comm/eco, comm/sci or comm/adv sci (stats Yea pay is pretty good. But you get it with blood and sweat. That said I don't think I could've done much better at 21, but that's not due to a lack of skills, but rather a lack of ambition, guts and...

Pay better and work less than IB? Wow plenty.

Re: Why does everyone make it seem like Investment banking is so difficult to get int Good. Now let's see if this GFC-style crash all the smart young-ins are praying for happens.

Maybe these guides aren't that accurate. Plenty of friends who are SA-level across Asia Pac. Not many Australian top tier firms pay that kind of money. Maybe in Asia.

Re: Why does everyone make it seem like Investment banking is so difficult to get int It's not that hard because no, you don't need ECs, industry experience, network connections or luck. Just solid high grades, high EQ and good interview skills.

I hope you don't go do a corporate job because of good pay, because most people will be pretty disappointed.

Underpaid, overworked. Great for risk-averse people. Forgot to add, ridiculous expectations of graduates for what it is.

Yes, the country needs more brighter people in public policy, rather than Arts tree huggers who find the real world too tough. Good on you.