“But We Make More Money”
Here’s something to consider the next time that trader yells in a throaty voice, “Five million Buckeye 5 7/8′s of ’47 to go at six.”
Traders earn more money than neurosurgeons. So do I-bankers. According to Bloomberg today, the comparison isn’t even close.
Job Description Estimated Pay Source
M&A banker with 10 $2 Million Jeanne Branthover, years experience Boyden Global Executive Search Bank oil trader $1 Million George Stein, with 10 years Commodity Talent LLC experience Corporate bond trader $1 Million Jeanne Branthover, with 10 years Boyden Global experience Executive Search Neurosurgeon with 8-17 $571,000 Rob D’Angelo, years experience Olesky Associates Inc. Law firm partner with $600,000 Jeffrey Lowe, 10 Years experience Major Lindsey & Africa Four-star general $185,000 Tom LaRock, Defense with more than Finance and 34 years experience Accounting Services Cancer researcher $110,000 to Rick Hennessey with 10 years $160,000 Commonwealth Sciences experience Inc. Aerospace engineer $100,000 Peter Bohner, with 5 to 10 years Marymont Group experience
This table is confusing.
Or staggering—depending on your point of view. Our government can bail out Wall Street. But Congress is still wringing its hands over universal health insurance and the affordability of doctors who don’t make half as much as the guys in the pits.
Can somebody explain this?