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Old 25-01-2008, 10:59 PM
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Default Junior Trader Makes $200k

In the news recently is a 31-year-old trader who singlehandedly lost about $10 billion for his company.

Yes, you heard it right - it's ten billion dollars. That is: 1 followed by 10 zeros.

His name is Jerome Kerviel, and he works as a junior trader for the French bank Societe Generale.

What is interesting is that despite his "junior" status, he is making some $200k a year including bonus, as reported widely.

How many 31-year-olds in Singapore make $200k a year?

According to the popular benchmarking tool in this website, if you make $200k a year or $16,666 a month, you beat 97.6% of your cohort.

So, if you want to make this kind of money, aim to be a trader in a financial institution.

And try not to get fired.

http://www.salary.sg/2008/junior-trader-makes-200k/

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