The Spin

Posts Tagged ‘career’

“I know the world isn’t fair, but why isn’t it ever unfair in my favor?”

Lauren Friedman

It’s not every day you see those sweatpants traded in for tailored suits and shoulder pads.

Last week, as I watched students march down Walnut in appropriate business attire, I wondered how soon they (you?) would be making more money than our fine new mayor.

How much does Nutter make? That’s public information: $186,044.

Depending on who you are, you might be wowed or seriously underwhelmed by that number. But if I may offer the moderately knowledgeable opinion of a Regular Working Person: that is a relatively measly sum for someone with what is — almost inarguably — one of the most difficult jobs in the county.

The catch, of course, is that salaries are in no way decided by how hard a job is — assuming such a thing can even be measured. (Imagine: seventh grade teachers and coal miners would be buying homes in Greenwich and summering in Tuscany.)

Of course there’s nothing easy about the 80-hour weeks recent grads put in at i-banks. But — upon graduation — Wharton undergraduates command an average starting salary of $108,509 (that’s base salary + signing bonus + annual bonus). 100 grand!

Pardon me while I peel my jaw up off the floor.

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