Originally posted by aussielong
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I joined an IB on a grad program in 2005. I left to contact at another firm in 2007 where I have been since. A friend who joined on the same scheme and is younger than me left about the same time as I did to be a developer at a hedge fund. His bonus was 100% of salary and he can invest as much of it as he wants in the fund which will be matched 50% by the firm. So he puts in 20K, firm adds 10K.
At the moment I am slightly better off, primarily because of tax (sadly I am not on 800 a day though!). Unless of course the fund goes up astronomically.
To return to your original point, anything is possible in IB/hedge fund world. Contracting may have a lower top ceiling than permie. I suspect my mate will overtake me on a 5 year view unless I change my strategy!
As a caveat, he works much longer hours than me. You take your choice...
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