re: #425 garhighway

I think it’s more that they are in the room when giant sacks of cash are changing hands. It is a lot easier to make big money when you are around big transactions than it is if you are making your coin through little ones. A point here, a point there…

Well, that’s part of it as well. But (from my somewhat limited experience of investment banking), there are plenty of guys making six figures who don’t have the opportunity to actually fiddle the books to their own advantage.

So, why do banks pay these young men shedloads of money to do work that, while demanding, is not actually all that difficult? I think it’s largely because no-one grows up dreaming of becoming an investment banker. They are being paid to forget that there are better things they could be doing with their lives.