Reaching the $5 Million Club Takes an Open Mind

Re:Reaching the $5 Million Club Takes an Open Mind by BrandonM on Tuesday August 05, 2008 @03:30AM (#267264)

I would say that in general, for an MBA to reach the $5M point, they have to be part of a startup. For an MD to reach that point, he has to start a very successful practice or make some good investments to go along with his income. So I think those two positions already fit into the mentioned data.

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Re:Reaching the $5 Million Club Takes an Open Mind by jedc on Tuesday August 05, 2008 @03:58AM (#267283)

Except for those MBA's that go into the higher tiers of banking/finance/trading. Those guys can get bonuses that, if saved over a few years, could easily reach $5M.

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Re:Reaching the $5 Million Club Takes an Open Mind by hugh on Tuesday August 05, 2008 @10:08AM (#267453)

In my understanding an MBA isn't considered much of a qualification in finance, banking or trading. Quants have quantitative degrees, while traders... well, they just seem to be some kind of trained gorilla as far as I can figure out.

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Re:Reaching the $5 Million Club Takes an Open Mind by breck on Tuesday August 05, 2008 @12:04PM (#267555)

Quants and traders aren't the only people on wall street. I think most ibankers, besides the first and second years, have mbas.

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Re:Reaching the $5 Million Club Takes an Open Mind by BrandonM on Tuesday August 05, 2008 @04:14AM (#267293)

In that case, though, the "savings" are likely to be decent investments. In any case, it's hard to get away from the post's breakdown of methods to get to $5M.

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Re:Reaching the $5 Million Club Takes an Open Mind by jedc on Tuesday August 05, 2008 @05:52AM (#267347)

True. And those top finance jobs still go to a small minority of people.

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