Also, what is the highest paying career in America and what is the annual income for said career?
Also, what is the highest paying career IN THE U.S. and what is the annual income to said career IN U.S.DOLLAR AMOUNTS!!!!!!!!? (NOT ANYTHING ELSE OTHER THAN U.S. DOLLAR AMOUNTS PLEASE)
July 1st, 2009 at 3:23 am
probably 80k and up. The highest paying job is usually CEO that can be upwards of one million annually, plus a shit load of bonuses and benefits. Study finance and learn to be a very good public speaker.
July 1st, 2009 at 4:51 pm
from 100K and up to millions. Depends also how successful they are, but that’s their income range.
July 3rd, 2009 at 4:40 pm
A good stock broker will tell you he: “does OK”… One that tells you he make 1/4 million last year makes about 60.
Career with the most millionaires: Auctioneer.
July 4th, 2009 at 2:45 pm
Stockbrokers gernerally start at £24k soon after graduating university, usually any degree will do as long as high marks were achieved. As time goes by, with experience people begin to earn a lot more in little time.. I dnt know in other countries but in US the highest can get in £50-60m/year.
Its not uncommon to find a broker earning £25k and one earning £1million all in the same company.
I guess its who and what you know, and a degree of luck..
July 4th, 2009 at 7:04 pm
If you’re thinking in terms of a steady annual income, you will never be in the to tier. Work you self up to partner at Goldman Sachs. The salary there isn’t much but you’re really working for a share of the profits, which can be huge. I know GS isn’t a partnership any more, but it’s still run like a partnership and the bonuses are like partner draws.
There are several self made rich people in the Forbes 400 who got there by being investment managers. They don’t get commissions like brokers; they get a share of the assets under management and sometime a percentage of the profits.
July 7th, 2009 at 9:47 am
Stock brokers are salespeople. They earn a commission on what investors buy/sell. Investment bankers work with companies to sell securities, and earn a fee for doing so. Both can make huge money, but both require a lot of work.
Like all straight commission sales people, stock brokers only earn what they can sell. The income can be $0 or millions of $.
Investment bankers are notorious for their short careers. They earn big bucks, but burn out quickly. They put in ridiculous hours (120+ per week).
Floor traders in the exchanges make huge money too. These are the guys on the floor of the stock market flashing “gang signs” to each other. They make money on each transaction. Usually something like a fraction of a penny per share traded. This doesn’t sound like much until you consider how many shares are traded each day. (Think $0.005 per share times 5 billion shares traded today = $25 million today!). Of course, getting a “seat” on the floor is no easy thing. They are bought and sold like anything else, and the price is usually measured in the millions.
In any case, the ultra rich have one thing in common: they keep their money invested in something that earns them more money. The saying that the rich get richer is absolutely true. Think of having $1 million invested at 10% a year. That’s $100K each year, and if you spend it all, you still have $1 million left!
Read “Rich Dad, Poor Dad” it will get you started on the right path!
Good luck!