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by steviesands
1321 days ago
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Does this logic work for lawyers? "Biglaw" firms are similar to FAANG in that it is a handful of companies that offer very high comp (235k for first year). There is a deluge of folks that apply from all universities to biglaw but generally they primarily hire from top tier law schools and even then not all make it. Similar for Big 3 consulting firms (BCG, Bain, McKinsey) in that there is a huge application pool for positions but they are difficult to get and provide high pay. |
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But in those cases the number of jobs is much more limited than was the case in tech in recent years.
Finance is a similar example. Bankers get paid a lot, but the number of them has been pretty static.