Banker, Lawyer, Doctor: A Comparative Journey

TLDRExplore the career journey and compensation of bankers, lawyers, and doctors. Find out how long it takes to pay off loans and the potential earnings at different stages of the career. Understand the differences and similarities in these professions.

Key insights

💼Investment bankers can expect to earn around $145,000 to $1.4 million, with bonuses playing a significant role in compensation.

⚖️Lawyers typically earn around $217,000 in their first year, with gradual increases over time. It takes about four years to pay off law school loans.

🩺Doctors start with lower salaries during residency, but as attending physicians, they can earn significantly more. It takes about five years to pay off medical school loans.

Q&A

What are the average earnings of investment bankers?

Investment bankers can earn anywhere from $145,000 to $1.4 million depending on their position and bonuses.

How long does it take to pay off law school loans?

Typically, it takes around four years to pay off law school loans.

What is the average salary of doctors?

Doctors start with lower salaries during residency but can earn significantly more as attending physicians.

Timestamped Summary

00:00Growing up in an Asian household, many are familiar with the career expectations of being a banker, lawyer, or doctor.

01:16Investment bankers can earn around $145,000 to $1.4 million, with bonuses playing a significant role in compensation.

03:15Lawyers typically earn around $217,000 in their first year, with gradual increases over time. It takes about four years to pay off law school loans.

06:48Doctors start with lower salaries during residency, but as attending physicians, they can earn significantly more. It takes about five years to pay off medical school loans.