I'd imagine it's not that much different per hour than the average person who decided to become a banker 2 years into college.
To make an accurate comparison we would need to consider a number of facts I'd rather not take the time to compile. Such as:
% of people who drop out of college in year 3-4
# of people who never get a job in banking, but still have the student loans
% of interns who wash out
% of bankers who never make it past an entry level position
Then we take the small number of people who made it through the funnel and distribute all those 120hour work weeks over their annual compensation. We'll be generous and not also add the 'keeping up with the social circle' expenses that would be necessary as well.
Given all of those factors the averages are probably slightly higher for the bankers. Still not as much as you would think. Also not a deal I would seek out in general.
Personally I'd rather work 25 hour weeks for 50k than 50 hour weeks for 100k. Definitely not 100 hour weeks for 200k.
To make an accurate comparison we would need to consider a number of facts I'd rather not take the time to compile. Such as:
% of people who drop out of college in year 3-4 # of people who never get a job in banking, but still have the student loans % of interns who wash out % of bankers who never make it past an entry level position
Then we take the small number of people who made it through the funnel and distribute all those 120hour work weeks over their annual compensation. We'll be generous and not also add the 'keeping up with the social circle' expenses that would be necessary as well.
Given all of those factors the averages are probably slightly higher for the bankers. Still not as much as you would think. Also not a deal I would seek out in general.
Personally I'd rather work 25 hour weeks for 50k than 50 hour weeks for 100k. Definitely not 100 hour weeks for 200k.