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07-09-2012, 01:24 PM
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#21
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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not in houston, although it's not a bad choice to stay here there are plenty of boutiques
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Rockets fan since 02'
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07-09-2012, 01:37 PM
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#22
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Member
Since: Aug 2009
Posts: 61
Member: #43385
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Quote:
Originally Posted by Chinahype
I'm making $30/hr as an intern
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They're underpaying you if you are a summer analyst then. I got offered more than that this year but that was in NY. Most people get prorated salaries of 70K (I've even seen 75K) but yours is only prorated at 57k for some reason. Either way I decided to turn down the IB route as slaving away for 2 years was not worth the money to me. I decided to go the big oil route and am making 6200 a month as an intern in Houston which comes out to about 38.75 an hour. Not to mention I got a housing bonus of 1500 too that I got to pocket since I am from Houston. This is only working 40 hour weeks also and not having to pay NY lifestyle. Taxes are lower here, middle class in Houston is 50k whereas middle class in NY is 126K. The best IB guys will only make 130K, and that was before 2007. Whereas working in oil in Houston you can make 70-80K of stress free work and be well over middle class.
Get out while you can because you'll recognize that IB is a scam in how if you calculate your hourly rate it is pretty crappy at about $20 an hour (I am including an average bonus too).
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07-09-2012, 01:38 PM
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#23
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Member
Since: Aug 2009
Posts: 61
Member: #43385
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And if you are really smart you should switch to engineering and get a degree that will pave the way for you to be an executive because then you can always get an MBA and have an engineering and finance background. My friend is making well over 100K his first year out of college as a petroleum engineer. Biggest regret of my life was not doing engineering...
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07-09-2012, 02:07 PM
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#24
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Member
Since: Jun 2012
Posts: 42
Member: #50980
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Quote:
Originally Posted by Robert E. Lee
They're underpaying you if you are a summer analyst then. I got offered more than that this year but that was in NY. Most people get prorated salaries of 70K (I've even seen 75K) but yours is only prorated at 57k for some reason. Either way I decided to turn down the IB route as slaving away for 2 years was not worth the money to me. I decided to go the big oil route and am making 6200 a month as an intern in Houston which comes out to about 38.75 an hour. Not to mention I got a housing bonus of 1500 too that I got to pocket since I am from Houston. This is only working 40 hour weeks also and not having to pay NY lifestyle. Taxes are lower here, middle class in Houston is 50k whereas middle class in NY is 126K. The best IB guys will only make 130K, and that was before 2007. Whereas working in oil in Houston you can make 70-80K of stress free work and be well over middle class.
Get out while you can because you'll recognize that IB is a scam in how if you calculate your hourly rate it is pretty crappy at about $20 an hour (I am including an average bonus too).
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Please adopt me and teach me the ways of making good money.
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07-09-2012, 02:59 PM
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#25
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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Quote:
Originally Posted by Robert E. Lee
They're underpaying you if you are a summer analyst then. I got offered more than that this year but that was in NY. Most people get prorated salaries of 70K (I've even seen 75K) but yours is only prorated at 57k for some reason. Either way I decided to turn down the IB route as slaving away for 2 years was not worth the money to me. I decided to go the big oil route and am making 6200 a month as an intern in Houston which comes out to about 38.75 an hour. Not to mention I got a housing bonus of 1500 too that I got to pocket since I am from Houston. This is only working 40 hour weeks also and not having to pay NY lifestyle. Taxes are lower here, middle class in Houston is 50k whereas middle class in NY is 126K. The best IB guys will only make 130K, and that was before 2007. Whereas working in oil in Houston you can make 70-80K of stress free work and be well over middle class.
Get out while you can because you'll recognize that IB is a scam in how if you calculate your hourly rate it is pretty crappy at about $20 an hour (I am including an average bonus too).
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not sure what you're trying to prove, each career path has different pros/cons.... $30/hr is for 8 hr workday, any more than that is overtime which is $45/hr and considering 100 hr weeks it's more than enough. doing ib has good exit opps, it's not like you're a slave for 2 years and then you have nowhere to go. and location is subjective, many prefer houston over nyc but many also prefer the reverse and do not mind paying extra for the lifestyle. if you enjoy working in oil then great, for those interested in other careers thats cool too
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Rockets fan since 02'
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07-09-2012, 08:21 PM
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#26
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Contributing Member
Since: Jun 2002
Posts: 1,438
Member: #4749
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Email sent. I know someone who could really use this.
Moe
__________________
Rafer Alston: "I worked hard to be traded for a late first rounder and Brian Cook"
"Rafer is a starting veteran point guard who shoots the ball well," Magic general manager Otis Smith said in a statement.
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07-09-2012, 08:53 PM
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#27
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Member
Since: Jun 2010
Posts: 2,079
Member: #46510
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Quote:
Originally Posted by Chinahype
what's your year, school/background?
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Just sent you a message about this.
__________________
Basketball is a team sport. The Rockets need team players, not glorified stat collectors.
Morey's methodology is right. In Morey I trust.
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07-10-2012, 09:13 AM
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#28
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Member
Since: Jun 2006
Posts: 4,340
Member: #18270
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I'm about to finish my accounting degree this month. Any cool, high paying jobs out there for me?
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"I don't know, he was in the way so I got him out of my way"- Arian Foster
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07-10-2012, 10:56 AM
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#29
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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Quote:
Originally Posted by mrm32
I'm about to finish my accounting degree this month. Any cool, high paying jobs out there for me?
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try to go for accountant? lol
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Rockets fan since 02'
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07-10-2012, 11:01 AM
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#30
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Member
Since: Dec 2010
Posts: 5,408
Member: #47978
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Quote:
Originally Posted by mrm32
I'm about to finish my accounting degree this month. Any cool, high paying jobs out there for me?
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Clerk at a corner store. You're numbers skills will get you a 25 cent raise.
__________________
Twitter: TheFakeCoriC
I ran into The Dr34m in the bathroom at a Rockets game. He was in the stall next to me, so I gave him the Dream Shake.
Occupy Unsorted
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07-15-2012, 07:08 PM
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#31
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Contributing Member
Since: Jan 2011
Posts: 5,788
Member: #48018
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Quote:
Originally Posted by Chinahype
I'm making $30/hr as an intern
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Is $30 p/hr a lot in USA?
I pay my guys a min of $25 hour on demolition job sites.
__________________
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I LIVE FOR HOUSTON ROCKETS BASKETBALL!!!
...AND HOUSTON TEXANS FOOTBALL!!!
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07-15-2012, 07:31 PM
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#32
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Member
Since: May 2009
Posts: 4,465
Member: #42238
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Quote:
Originally Posted by Chinahype
try to go for accountant? lol
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What's lol about that?
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07-15-2012, 08:16 PM
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#33
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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Quote:
Originally Posted by cheke64
What's lol about that?
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well obviously accounting degree should go for accountant?
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Rockets fan since 02'
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07-15-2012, 08:25 PM
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#34
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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Quote:
Originally Posted by IzakDavid13
Is $30 p/hr a lot in USA?
I pay my guys a min of $25 hour on demolition job sites.
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well i'd rather sit in an office than be out in a demolition job site
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Rockets fan since 02'
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07-16-2012, 06:24 PM
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#35
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Contributing Member
Since: Jan 2011
Posts: 5,788
Member: #48018
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Quote:
Originally Posted by Chinahype
well i'd rather sit in an office than be out in a demolition job site
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After spraining my ankle so bad that it has bone fragments in the joint last month, so would I.
But demolition is fun...imagine if you were a kid and someone told you, 'Here's a hammer, go destroy that shed...'
You'd do it in a heart beat!
Yet we pay grown men $1000 a week, and some cry on the job site, Because it's to hard.
Some go to lunch...then don't return! And some just have no idea.
And we wonder why Western countries are looking to immigrants to do (as we say in Australia) the jobs that no one else will do.
__________________
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I LIVE FOR HOUSTON ROCKETS BASKETBALL!!!
...AND HOUSTON TEXANS FOOTBALL!!!
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07-16-2012, 07:10 PM
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#36
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Contributing Member
Since: Jan 2006
Posts: 14,231
Member: #16417
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I seem to have an insane amount of free time now so I will be contacting you shortly.
DD
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Check out my van
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07-17-2012, 05:32 PM
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#37
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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Quote:
Originally Posted by IzakDavid13
After spraining my ankle so bad that it has bone fragments in the joint last month, so would I.
But demolition is fun...imagine if you were a kid and someone told you, 'Here's a hammer, go destroy that shed...'
You'd do it in a heart beat!
Yet we pay grown men $1000 a week, and some cry on the job site, Because it's to hard.
Some go to lunch...then don't return! And some just have no idea.
And we wonder why Western countries are looking to immigrants to do (as we say in Australia) the jobs that no one else will do.
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Sure might be fun for a day, but I'd rather stay in the office lol
__________________
Rockets fan since 02'
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07-17-2012, 11:25 PM
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#38
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Member
Since: Jan 2009
Posts: 9,595
Member: #36197
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wait are you hooking up CF posters with investment banking jobs chinahype?
I want in
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07-17-2012, 11:33 PM
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#39
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Member
Since: Dec 2009
Posts: 457
Member: #44727
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Quote:
Originally Posted by TheRealist137
wait are you hooking up CF posters with investment banking jobs chinahype?
I want in
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haha no, im just SA in ibd....no authority i'm sorry
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Rockets fan since 02'
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07-18-2012, 11:57 AM
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#40
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Contributing Member
Since: Dec 2004
Posts: 941
Member: #16052
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Quote:
Originally Posted by Robert E. Lee
I decided to go the big oil route and am making 6200 a month as an intern in Houston which comes out to about 38.75 an hour. Not to mention I got a housing bonus of 1500 too that I got to pocket since I am from Houston.
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If you don't mind me asking what company do you work for and what exactly do you do?
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