Truer words have never been spoken. I think 200k once you get to VP with bonus at a good bank is prolly the number for most financial engineers.Is this actually true though, the part about 200k. Seems contradictory to what I assume to know.
Unless you are a trader at a big sell side bank and making good PnL prop trading or a hedge fund PM you are sitting in the 150-250 range as a VP/Director in middle office/backoffice.
If you make it... then u will get close to 10% of your prop trading pnl.... so you can make 500k-1mm+ as a director or MD at a sellside or hedge fund or whatever your alpha mandate is.
I think maybe 1 in 100 .. maybe 1 in 200 financial engineers become full sellside traders? and then out of like say 10 traders maybe 1-2 actually make money? out of say 10 sellside money making traders maybe 1 eventually becomes a PM at an asset manager or hedge fund?