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. 🙂