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Are you only in it for the money?
16 June 2009COMMENTS
Finance allows you to get where you're going, just a lot faster and in slighly worse condition. Why not earn a lifetime of money within ten years? Read all comments »Admittedly, we’ve asked this question in various guises in the past, but US Treasury Secretary Tim Geithner has inspired us to ask it again.
According to DealBook, Geithner ducked a question this week on whether bankers are driven entirely by compensation. Asked whether this was so, he said –
’ That is a very interesting question. I’m not going to answer that question. I think it is hard to judge motivation on these things.”
Can you help Geithner judge bankers’ motivation? Are you motivated by anything other than the size of your cheque? Please elucidate below.
COMMENTS
Joker, Debt / Fixed Income, Tue 16 Jun 09
No, I most certainly am not. I would willing work 14 hour days and Bank Holidays for a mere fraction of what I am earning now.
Add your comment »Kram, Capital Markets, Tue 16 Jun 09
Dear God yes and I'm a broken, but admittedly solvent, man. Every morning I check the news and hope Canary Wharf has been reduced to rubble (with no casulaties) like the end of Fight Club.
Add your comment »Pantsonfire, Equities, Tue 16 Jun 09
Anyone who says they are not in it for the money is a liar
Add your comment »Derek, Equities, Tue 16 Jun 09
If it wasnt for the money that can be made theres not many people who would want to do such a pointless job as banking.
Add your comment »sg, Investment Banking / M & A, Tue 16 Jun 09
I am sure money is one of the main drivers, but not the only one, others include ability to meet and influence powerful people ..in some way glamour, and belief that we make things big things happen in the financial world. even if thats an illusion, people want to live in it...
Add your comment »ko, Investment Consulting, Tue 16 Jun 09
Unless you can live eat and sleep deals (ie its your main passion in life) most people are in finance out of fear or issues with money (or other power and glamour delusions as described above). Either they grew up poor and had a bad experience and/or do not know how to relate in a healthy way to money. Some people deal with money how other people deal with food (addiction, binging etc). Your career attracts you to issues you need to deal with in this lifetime - just like ground hog day.
Add your comment »M P Expenses, Private Banking / Wealth Management, Wed 17 Jun 09
Finance allows you to get where you're going, just a lot faster and in slighly worse condition. Why not earn a lifetime of money within ten years?
Add your comment »MP, Credit, Wed 17 Jun 09
'others include ability to meet and influence powerful people ..in some way glamour, and belief that we make things big things happen in the financial world'
PATHETIC! Get real, admit its just about the cash!
AC, Asset Management, Wed 17 Jun 09
What money??!! I earn slightly less in a well known Asset Management firm as an analyst developer in the Square Mile than I did in a much more well known telecoms firm two years ago. Take off the commuting costs from north Herts and I am considerably worse off. Must be time to head back to Telecomsland.
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