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40% tax sounds about right after everyone gets their cut. so even at 100k, that's 60k to live on. rent at 1500/mo (you can go less, but that's actually really low) means you have around 40k to live on. call it 1k a month for food, transportation, utilities, etc. you have about 30k after all is said and done to actually live on, save, and pay off debt. and 100k base sounds great, but you have to remember not everyone makes that. bonuses aren't what they used to be. you're not really going to be hired as an md on a trading desk at gs fresh out of school. unless you are seriously driven and have a passion for the markets (don't kid yourself if you don't)...is it really worth it?
40% tax sounds about right after everyone gets their cut. so even at 100k, that's 60k to live on. rent at 1500/mo (you can go less, but that's actually really low) means you have around 40k to live on. call it 1k a month for food, transportation, utilities, etc. you have about 30k after all is said and done to actually live on, save, and pay off debt.
and 100k base sounds great, but you have to remember not everyone makes that. bonuses aren't what they used to be.
you're not really going to be hired as an md on a trading desk at gs fresh out of school. unless you are seriously driven and have a passion for the markets (don't kid yourself if you don't)...is it really worth it?
