Poverty Line For Each Age By WSO Standards
Here's the poverty line (USD) for each age range by WSO (and my) standards. This is annual income, not net worth.
Early 20s: $130k
Are you even front office if your first year TC is below 130k? Unless you're at a boutique with bad deal flow or at MBB in a tier 5 city, your comp should be 150k+.
Mid 20s: $300k
Are you even progressing your career? Unless you're getting your MBA, you should be making 350k easily in any reputable FO seat.
Late 20s: $500k
If you're not a VP or in PE/VC/HF at this point you're way way behind.
30s: $1.3MM
Is your career stagnating like the Nikkei 225? Get your shit together, or you'll enter your 40s unmarried.
40s: $8MM
You should easily be a MD/partner/equivalent in PE/VC/HF by now. If you're even a slight rainmaker, you'll clear $5mm at the minimum.
50s and 60s: $35MM
Have you been jacking off your whole life? If you land any decent PE MF partner seat, you should be clearing mid 9 figures easily. If you went into politics or any other ivory tower, easily high 10 figures.
Fairly accurate up until 40s imo. $8MM seems generous for a regular MD no? And 35MM for a PE Partner?
I mean if you're not a rainmaker are you even lower middle class?
still waiting for a solitary high earner (>$750k) to come and do an AMA here given this websites been around since the dawn of time.
My peak "official" annual comp was around 6mm as a VP at Apollo including carry.
Right now I'm exceeding that by around 600%, although it's mostly through illegal and shadowy methods, hence why I say "official".
Someone making that kind of money is too busy with hookers and blow and accidents that come with birth certificates than to troll us here on WSO. Then beyond that they start paying people to make sure other people don't know who they are or even exist.
high 10 figures is 7-9.99 billion dollars. mid 9 figures is 500 million dollars. You cray cray.
Well yes, my senator and MP friends all rake in low 9 figures easily via bribes, extortion, blackmailing, ransoms, insider trading, etc
Wait I meant high 8 figures and low 9 figures
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