How Much to Pop a First-Year’s Cherry? $60K + Bonus

We’re not as young as we used to be around here at UTC. Seems like yesterday we were getting paid $30,000 a year in our first job at a money management firm. This stacked up pretty well on an hourly basis against what all our friends were getting paid at the time to be bent over their desks at various investment banking firms. If memory serves, they were making about $40,000 plus bonus at the time. Now, according to Forbes, that number is up about 50 percent, with firms like Lehman, Goldman and Morgan Stanley paying first-year victims $60,000 plus bonus. The article also notes a growing trend at Goldman not to send their favorites off to business school, keeping them close at hand instead.
Best First Jobs [Forbes]

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