How many of the people who compain about bankers bonuses could do the job themselves?

spadoosh

ILW wrote: »

Bottom line is they get paid a small percentage of what they earn for their employer. How many people could afford to live on say 0.1% of what they make for their company.

I work for b&q and could very comfortably live off .1% of what i make for them. in fact it would hammer my £6.15 hourly rate!

shortchanged_2

RJP33 wrote: »

Indeed, these guys work 15 hours a day, 7 days a week with crazy amounts of stress to earn their money. It's an incredibly difficult job with direct accountability for large amounts of money.

Is there any point in living then?

spadoosh

Just to prove a point....

P/T 16 hours @ £6.15p/h = £98.40


Average sales i process during said 16 hours, £15-20k

15000 * 0.1% = £150 = £9.37 p/h

Brodiebobs

Most of the 'bankers' who get these bonuses are front line staff, on not much more than minimum wage, topped up by a 'performance' related bonus of around 4%, if u dont meet targets you get nothing. Where i used to work was one that taken over, and i had to listen to at least once a day that that customer was 'paying my wages' or that i couldnt possibly have money worries because of my huge bankers bonuses....

Moomum

purch wrote: »

I think you'll find it's about 10% of what they make, over and above their budget.

In 1994 my budget was set at $ 6,200,000, and everything made above that I got 10% of :j

Oh, to be young again

1994 was peak I think, no banker I knows get 10% anymore, if only! lucky to get 1% of what they make.

purch

That's strange. :cool:

Bonuses are HUGE nowadays compared to when I worked in t'City.

the_flying_pig

Presuming the OP’s not looking for a precise quantification then it’s possible to make a few generalisations along the lines of:
(1) your average man in the street wouldn’t be much of a banker, clearly; but
(2) equally clearly a lot of people could, e.g. Mervyn King, most of the cabinet ministers or wannabe cabinet who’ve criticised bankers, they all have the academic ability & worth ethic to be a banker, ditto probably most doctors, [although GPs certainly are no doubt more than happy to pick up their six figure salaries in return for seventeen hours a week work or whatever it is], university lecturers in proper subjects at decent universities, accountants or lawyers with decent firms, & so on…
It is a bit of a weird non-meritocratic world. A university chum of mine, now picking up a seven figure package with a well known American bank, got his ‘break’ into that world only because he happened to be stepping out with the daughter of a key client or similar at a time when he was doing a fairly rubbishy fifteen grand a year admin type job a year or so after graduating...

purch

I think you may have that the wrong way around.

1) Probably would be good at it.
2) Definately wouldn't............Mervyn King :rotfl:

macaque_2

ILW wrote: »

Seems to be very "in" to slag off bankers for their bonuses, but I do wonder how many of the people who complain the loudest could actually pick up the phone, arrange a meeting this week and persuade someone to give them a few million to play with.

I need some clarification here. Are you talking about the really smart guys with charisma and amazing social skills or the 98% journeymen? If it is the former, I concede, I could not do their jobs.

ILW

macaque wrote: »

I need some clarification here. Are you talking about the really smart guys with charisma and amazing social skills or the 98% journeymen? If it is the former, I concede, I could not do their jobs.

It is the 2% with that "something" who get the big payouts that get people going.