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itsbabytime
LIF Adult
Member since 11/05 9644 total posts
Name:
Me
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Message edited 12/23/2006 10:19:39 AM.
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Posted 12/6/06 11:39 AM  |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
DH is in research. He has a CFA, no MBA and 9.5 years experience, not counting internships in college.
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| Posted 12/6/06 11:41 AM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: If you or your DH is in finance/banking/research etc. question for you!
DH is in banking, he has no MBA and less than 10 years experience and he makes no where near any of your categories.
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| Posted 12/6/06 11:44 AM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: If you or your DH is in finance/banking/research etc. question for you!
When FH worked in finance, he made under $100K, but that was right our of college and only with a little experience. Then as a consultant he made between 100 and 150, but it was a very short term job.
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| Posted 12/6/06 11:44 AM |
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anon
where's winter?
Member since 11/05 2209 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
depending on age MBA really makes a difference. not only does MBA make a difference, the school which it is from plays a big role. DH's "mentor" makes a good living without an MBA, but he's older and not the norm. DH currently works with someone w/out an undergraduate degree, but has worked his way up to where he is over 10 years. he's pursuing his degree now, but really is not in any position to make a killing as far as $$$ is concerned.
is this a base salary poll or is bonus included? lots of times depending on the market and level, bonuses can be an extra large percentage of salary. this varies from company to company.
DH gets paid very little based on the hours he works. he is basically getting paid to work two jobs for the price of one. he has his MBA and loads of experience, however he does not make the 300+ his colleagues do...
Message edited 12/6/2006 12:32:32 PM.
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| Posted 12/6/06 12:26 PM |
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MrsBumbleb
it's me
Member since 5/05 11234 total posts
Name:
Christine
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Re: If you or your DH is in finance/banking/research etc. question for you!
There is or was a lot of money to be made in the financial field. DH has over 15 years experience and does not have his Masters but is self employed. Some of his wholesale reps with basic education make 6 figures. I am def. in the wrong field
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| Posted 12/6/06 12:30 PM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: If you or your DH is in finance/banking/research etc. question for you!
My friend's husband was a commodities trader with the circumstances you mentioned and made about 85K.
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| Posted 12/6/06 1:52 PM |
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lululu
LIF Adult
Member since 7/05 9509 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
I answered for myself, as i have less than 10yrs experience, no MBA, and I work in finance. I hope that's okay.
Can I ask what your husband does? or is that too specific/personal?
Message edited 12/6/2006 2:21:03 PM.
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| Posted 12/6/06 2:19 PM |
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veeandrich
LIF Infant
Member since 5/06 325 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
also answered for myself, no MBA . I think the industry is not as lucrative as it used to be. That's what I hear from older employees
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| Posted 12/6/06 2:24 PM |
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dawnie
Barb-Never removing this pic!
Member since 11/05 3932 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
It totally depends...
Is the person a revenue generator?
Ex salesperson, trader
Do they bring in customers,make money for the firm,are part of operations or management.
It depends on a ton of variables...
Experience, education, and other factors should be taken into consideration.
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| Posted 12/6/06 2:25 PM |
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MsG
Should be working
Member since 5/05 2824 total posts
Name:
G
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Re: If you or your DH is in finance/banking/research etc. question for you!
Posted by dawnie
It totally depends...
Is the person a revenue generator?
Ex salesperson, trader
Do they bring in customers,make money for the firm,are part of operations or management.
It depends on a ton of variables...
Experience, education, and other factors should be taken into consideration.
I agree. Just working in finance or banking doesn't make for a high salary; it really depends on what the person is doing. Front office vs. back office, support role vs. money maker, etc.
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| Posted 12/6/06 3:09 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: If you or your DH is in finance/banking/research etc. question for you!
The people that report to my boss make big money. Most of them don't have an MBA. Most of them do have a BS though. They are IT professionals. There is not one officer making under $125K. that includes the junior officers (VP)
Most of the higher officers base ranges from $175-$250. That's base. Their bonuses can be substantial.
The ones on my bosses level with about 20+ years of experience are probably making $300-350 base.
There is money to be made.
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| Posted 12/6/06 3:14 PM |
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lululu
LIF Adult
Member since 7/05 9509 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
Posted by MsG
Posted by dawnie
It totally depends...
Is the person a revenue generator?
Ex salesperson, trader
Do they bring in customers,make money for the firm,are part of operations or management.
It depends on a ton of variables...
Experience, education, and other factors should be taken into consideration.
I agree. Just working in finance or banking doesn't make for a high salary; it really depends on what the person is doing. Front office vs. back office, support role vs. money maker, etc.
Well - I actually tend to disagree with this. I am an accountant and I know that i make more than accountants in other industries that have the same amount of experience that I do. I also find that Admin, IT & Human Resources are generally paid better than they would be than if they work in other industries. I used to work for a major investment bank and I worked closely with HR so I knew compensation for many, many different functions within the organization.
Now I work for a smaller firm and i find that I make even more than I would have had I stayed at the major investment bank.
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| Posted 12/6/06 3:23 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: If you or your DH is in finance/banking/research etc. question for you!
Posted by lululu
Posted by MsG
Posted by dawnie
It totally depends...
Is the person a revenue generator?
Ex salesperson, trader
Do they bring in customers,make money for the firm,are part of operations or management.
It depends on a ton of variables...
Experience, education, and other factors should be taken into consideration.
I agree. Just working in finance or banking doesn't make for a high salary; it really depends on what the person is doing. Front office vs. back office, support role vs. money maker, etc.
Well - I actually tend to disagree with this. I am an accountant and I know that i make more than accountants in other industries that have the same amount of experience that I do. I also find that Admin, IT & Human Resources are generally paid better than they would be than if they work in other industries. I used to work for a major investment bank and I worked closely with HR so I knew compensation for many, many different functions within the organization.
Now I work for a smaller firm and i find that I make even more than I would have had I stayed at the major investment bank.
I agree with this. That's why for what I do, banking is the best option for me.. (IT, Admin)
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| Posted 12/6/06 3:48 PM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
DH is in accounting. He works at a hedge fund, his base b/4 bonus is in the 150 - 200K range. This is his first year there so I don't know what the bonus will be like but I have heard they are substantial.
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| Posted 12/6/06 4:01 PM |
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Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: If you or your DH is in finance/banking/research etc. question for you!
i answered for myself. i dont have an MBA but do have a CFA and 7.5yrs experience. i'm in structured finance research on the buyside and if title helps, im a VP.
ETA: just curious why you assumed it would be DHs who would be in this field??  
Message edited 12/6/2006 9:09:38 PM.
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| Posted 12/6/06 9:07 PM |
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itsbabytime
LIF Adult
Member since 11/05 9644 total posts
Name:
Me
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Posted by Salason
i answered for myself. i dont have an MBA but do have a CFA and 7.5yrs experience. i'm in structured finance research on the buyside and if title helps, im a VP.
ETA: just curious why you assumed it would be DHs who would be in this field??
Wait...I don't think i did? I wrote "you or your dh" in the post and your or your dh's in the poll. I would never assume that and I'm sorry if I implied it in any way!
Thanks ladies for all of your responses - they are greatly appreciated (and informative) 
Message edited 12/23/2006 10:20:19 AM.
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| Posted 12/6/06 10:45 PM |
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