Originally Posted by Vanity
I say it literally. If you really can't, in the length of college undergrad and a post-grad degree (4-6 years) make a million dollars on your own, you have no business reaching the high echelons in any firm as Titanic in nature as GS, MS, or etc. You don't go into Goldman Sachs looking to get a job as a algo-bot technician. You go in looking for a career. Im not saying you can't get hired otherwise, but if these guys are looking to make a successful career then they really ought to know that Goldman is a company that deals with Billions in revenue every year, with multiple connections to the banking sector in every single continent.
You can't make a million? You'll get hired, but you won't get a career. These guys really ought to be looking for more than just a job at these firms. If all you're getting is a job, get out and make it on your own, entrepreneurial style. Better to rule in Hell than to serve in Heaven, right?
Besides, with talents like that and a position as a fund manager, the money really gets easy just collecting 2% performance fees from clients, especially if you manage in the 100+ million portfolio (rather small on Wallstreet, I'd say). I'd do that, especially with my talents so I can collect nice bonuses.
Let's just say we disagree there...
Please see my last comment, very few people with the talent to make over a million dollars in their college career will want to work for someone else at that point; I don't even see how that's even possible legally (even in the financial services business and on the stock market unless you have quite a bit of money to start with). Your comment is quite far fetched if you ask me.