I find it hard to believe too. I'm AVP and already making 17k a month. I am sure my boss's boss (SVP) is earning around 100k a month (1.2m a year excluding bonus).

Come on, if not for this pay, why would so many rush to be in banking? I don't even have a Cfa or MBA yet, but have been very lucky to go straight into fund management after school.

I work at an European bank.