Lumifer comments on What should a college student do to maximize future earnings for effective altruism? - Less Wrong

16 Post author: D_Malik 27 August 2013 07:06PM

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Comment author: Lumifer 28 August 2013 03:39:13PM 0 points [-]

OP is going to Stanford undergrad. You should start calculating your chances of a career at GS around the time you have been accepted to a top-10 MBA school.

Comment author: MTGandP 28 August 2013 05:19:08PM 1 point [-]

According to this page, three graduates with a Mathematical & Computational Sciences degree (an undergraduate degree similar to CS) work at financial institutions: JP Morgan, Goldman Sachs and Morgan Stanley. Keep in mind that these are graduates from the class of 2011, so they've only been out of school for 2 years; and the degree program only has about 15 graduates per year, so three alumni make a sizable fraction.

What I'm trying to say is, it's probably feasible to get a job in finance with only an undergraduate degree from Stanford.

Comment author: Lumifer 28 August 2013 05:42:00PM 0 points [-]

it's probably feasible to get a job in finance with only an undergraduate degree from Stanford.

It is, but you'll get an undergrad kind of a job.

JPMorgan has 260,000 employees. The compensation expense in 2012 was about $30.5 billion which means the average total compensation (including bonuses, etc.) was about $117K per employee.

That's a nice salary but seems to be roughly similar to what doctors make.