Because those schools collectively admit tens of thousands of students every year. It’s not that rare.

Maybe it would be helpful if you gave your definition of "typical"?

Good point. I mean “typical” as in, entirely expected within a nontrivial portion of the population. Where absolutely nobody would be surprised that you’re making this much.

Is it typical for the general population to make a million a year? No, but it is entirely typical for investment bankers and quants at hedge funds. To say that is atypical of the average worker in America — well, of course, but that isn’t a very meaningful statement when you’re specifically discussing people in investment firms. And that’s what this article is about — the subset of the population for which this is entirely normal and expected.

I thought it was over a million?