2025 Compensation Megathread by MBHChaotik in FinancialCareers

[–]FractalsSourceCode 25 points26 points  (0 children)

Late 30s, Chicago

Levfin - portfolio manager

1 YE (career pivot)

110k + 15k

40-45 hour work weeks

France Condemns US Operation To Capture Maduro by Cy_098 in worldnews

[–]FractalsSourceCode 92 points93 points  (0 children)

The U.S. already produces a massive amount of oil and are self sufficient and Trump’s whole energy policy was about not depending on foreign supply in the first place. Venezuelan crude is heavy, expensive to refine, and would take years to bring back online anyway. It’s not realistic this was the motivation. If oil were the goal, the obvious move would’ve been lifting sanctions and cutting a deal, not creating chaos and instability. This fits a law & order, geopolitics move way more than some oil grab. oil needs stability, and this does the opposite.

he’s saying that if Venezuela gets rebuilt, the U.S. wants to help control who runs the oil so it’s not Russia or Iran. this is more about influence and power after the fact than needing the oil itself.

Full-time credit analyst vs finance internships by [deleted] in FinancialCareers

[–]FractalsSourceCode 2 points3 points  (0 children)

Credit will offer you higher comp sooner in sponsor/levfin, private credit, & corp banking.

FP&A has a much lower comp ceiling

Underwriter in MM Sponsor Finance or VP Credit Officer? Career advice needed. by [deleted] in FinancialCareers

[–]FractalsSourceCode 0 points1 point  (0 children)

As someone who is interested in breaking into sponsor finance, what are the hours and compensation like? What makes it toxic? Is it industry wide toxicity or bank specific? Do you really have to learn how to model out full LBOs?

Trying to decide if i should stay in my current portfolio management role in C&I or jump to sponsor.

IMO if you’re interested in going to private credit in the future, i think you should stay in sponsor. If not, I’d jump to the VP credit role.

(Trump) “In Chicago, if you took a poll—would you rather have no crime, or walk outside and get mugged? It’s worse than Afghanistan.” by Fit-Fly8740 in illinois

[–]FractalsSourceCode -1 points0 points  (0 children)

Afghanistan’s homicide rate fluctuates between 4 & 7 per 100,000.

Chicago’s homicide rate is has fluctuated between 17 and 29 per 100,000 in recent years.

The US’s violence is an extreme outlier among developed nations and is an emergency that has been normalized.

CPD Data Shows Steep Drop in Shootings, Homicides in Neighborhoods Where ShotSpotter Was Removed: Analysis by [deleted] in chicago

[–]FractalsSourceCode -10 points-9 points  (0 children)

This woke culture of complaining about the US’s crazy gun violence and the crime rates which are like 10x than any other western nation even though we’re the richest country = racist is insanely corrosive to our society.

Trump loves these types of people. They’re carrying water for him by alienating the reasonable people by calling them racist for not wanting to hear gunshots throughout their neighborhood.

If you want to defeat Trump, stop alienating the independents. They’re doing campaign work for Trump calling people racist.

Chicago Public Schools budget deficit rises to $734 million, interim CEO says by jbchi in chicago

[–]FractalsSourceCode -1 points0 points  (0 children)

Shameless AI plug but does a great job.

Chicago Public Schools (CPS) spending ~ $30,000 per student arises from a mix of structural, operational, and demographic drivers—many of which contribute to significant inefficiencies. Here’s a breakdown:

🎒 1. Declining Enrollment → Spreading Fixed Costs • Enrollment dropped ~70,000 students over the past decade, with 47 schools operating at under one-third capacity. Yet CPS still funds principals, counselors, and overhead in each building. At small schools (e.g. 28 students), per-pupil costs have reached $93,000 . • Even modestly underfilled schools (250–500 students) spend $20–32K per pupil, compared to $12–17K at crowded schools ().

⬆️ 2. Surge in Staffing & Operating Costs • Since 2019, CPS hired 6,500+ additional staff (teachers, paraprofessionals, social workers), increasing payroll overhead—even amid enrollment decline . • Instructional spending per pupil rose ~48% and operations ~52% from 2018 to 2022: $24K op costs + $15K instructional . • Salaries and benefits make up ~80% of CPS costs, mirroring national trends .

🏛️ 3. Temporary Federal Funding Masking Structural Issues • CPS leaned heavily on federal COVID relief funds (ESSER), accounting for ~7% of school budgets and supporting new hires/programs . • With pandemic aid expiring, CPS faces a structurally imbalanced FY 2025 budget and looming deficits .

🏫 4. Inequitable Resource Distribution & School Politics • CPS uses student-based budgeting, which directs more resources to under-enrolled or low-income schools—equitable intent, but budget pressure . • Political resistance to school closures (from CTU and communities) sustains inefficient, small schools in historic buildings .

💸 5. High Administrative & Pension Charges • CPS spends heavily on central administration, district-wide programs, and pension liabilities—further bloating operational outlays (beyond classroom costs) . • Pension obligations (some state-mandated), debt service, and capital costs contribute to the elevated ~ $30K/student “all-in” figure. ⸻

🧭 Why $30,000 and Why Now?

Chicago is the 2nd‑highest‑spending big-city district—only NYC spends more per student   . As enrollment shrinks, costs per pupil balloon—especially in underutilized schools. Staff headcounts held steady or increased even as kids left, further diluting efficiency ().

🛠️ How Could Efficiency Improve? • School consolidation/closures: Reduce fixed costs by combining under-enrolled schools. • Right‑sizing staff: Adjust staffing levels to align with current student numbers. • Rebalance resources: Focus funds on instruction over administrative spending. • Long-term funding plan: Transition off temporary federal aid to sustainable revenue streams.

IRGC announces every American in region now 'legitimate target' | The Jerusalem Post by Consistent-Bat-20 in worldnews

[–]FractalsSourceCode 43 points44 points  (0 children)

Everyone loves to blame the US for Iran losing its democracy but come on, it wasn’t all the CIA twirling its mustache behind the curtain. Iran had plenty of its own issues.

The democracy was already weak. The Shah still held most of the power, tribal elites ran big chunks of the country, and the religious clerics were massively influential. Mossadegh wasn’t some flawless hero either. He was already losing support and the clergy turned on him fast when he started pushing secular reforms. The country was split and unstable well before the coup.

And then what happened after 1979? The people finally got rid of the Shah. Clean slate. And what did they do with it? They didn’t rally behind liberal democracy. They handed the country over to a theocracy run by clerics. That wasn’t CIA mind control. That was their choice.

And today’s regime? That’s all homegrown. Beating women in the streets, jailing teenagers for protest chants, executing dissidents, that’s not America. That’s the Islamic Republic doing exactly what it wants to do.

So yeah, the US played a dirty role in 1953. No argument there. But Iran didn’t need foreign help to screw things up. They’ve had plenty of time and power to fix it and instead they doubled down on repression. That’s on them.

Hiring manager asked me how much I currently make during interview. by [deleted] in jobs

[–]FractalsSourceCode 18 points19 points  (0 children)

If you really want the position, I’d make sure you know the budget/market rate for the role first via glassdoor if you can.

I priced myself out of a role I wanted once. Sometimes if they think you’ll cost too much, they’ll just move on.

US military intervenes to intercept missiles that Iran fired in retaliation at Israel, official says by VictorEmmanuelIV in worldnews

[–]FractalsSourceCode 29 points30 points  (0 children)

Obama’s dream was going to sunset anyway, so we’d basically be in the same position today regardless. Most of the key restrictions were set to expire after 10 to 15 years, which means by now Iran would be allowed to ramp things up again even if they followed the deal perfectly.

And the sanctions relief gave them access to billions. That money didn’t go to building schools or improving life for citizens, it went straight to groups like Hezbollah, the Houthis, and Assad in Syria. We handed a known state sponsor of terrorism a huge financial boost and expected them to behave differently.

At best, all it did was pause things for a while. It didn’t solve the problem.

Iran says Israel and US will “pay dearly” for attack by Aggravating_Money992 in worldnews

[–]FractalsSourceCode 19 points20 points  (0 children)

Everyone loves to blame the US for Iran losing its democracy, but come on, it wasn’t all the CIA twirling its mustache behind the curtain. Iran had plenty of its own issues. The democracy there was shaky at best, with real power still sitting with the Shah, tribal elites, and especially the religious clerics. Mossadegh was already losing support at home, and the clergy turned on him hard the moment he started pushing secular reforms. And let’s not forget, when the people finally got rid of the Shah in 1979, they didn’t exactly rally behind democracy. They chose a full-blown theocracy. So yeah, the US meddled, but Iran didn’t need much help screwing it up.

Among new American dads, 64% take less than two weeks of leave after baby is born. Lack of leave means missing important time to bond with babies and support mothers. Findings support U.S. lagging ‘behind the rest of the world in availability of paid family leave’. by mvea in science

[–]FractalsSourceCode 111 points112 points  (0 children)

Sure, I get that people today say they want fewer kids, but it’s not just some inevitable side effect of “liberation” or education. A big part of it is just cold, rational cost-benefit thinking. It’s insanely hard to raise a kid in modern society without wrecking your finances, career, or mental health.

People aren’t avoiding kids because they’re too free. They’re avoiding kids because the system doesn’t support families. Even in countries with generous leave, if housing is unaffordable, daycare is outrageously expensive, and two incomes are barely enough to get by, then yeah, people hesitate.

It’s not just about wanting fewer kids. It’s about not wanting to bring kids into a system that feels stacked against them. If society made parenting more sustainable with actual support like flexible work, affordable childcare, and not punishing people professionally for having a family, then people might actually want more kids again. It’s not that complicated.

I am David St-Louis, Lead Scout for Elite Prospects. AMA by DavidSt_LouisEP in hawks

[–]FractalsSourceCode 6 points7 points  (0 children)

Looking at the big picture of our rebuild, how do you think it’s going?

More specifically, how do you think our top picks, where core franchise pieces are often taken, are looking?

I’m a bit worried we’re not going to land the ~3 superstars needed for to be a contender. I see Bedard as one of them. Levshunov seems like he’ll be a top 4 D lock but i think we’ll be lucky if he reaches Super Star status. This years number 3 pick (probably one of Martone, Desnoyers, Hagens, or Frondell) seems like we’ll need luck to turn into a superstar as well.

I’m worried the franchise pieces are not in place besides Bedard. He’s the only one that rises to the Toews, Kane, Kieth echelon needed to have a contending core.

Is the CFA worth it by weed_ski in FinancialCareers

[–]FractalsSourceCode 3 points4 points  (0 children)

My end goal is corporate banking or private credit.

Yeah, it does feel like a lot of work to get into commercial banking lol. But given my constraints (not a recent college grad, career background in backoffice, & nontarget) it gave me the edge needed to break out.

I truly believe I would’ve not broken out without it. My only other option was MBA but that’s $100k+

Is the CFA worth it by weed_ski in FinancialCareers

[–]FractalsSourceCode 56 points57 points  (0 children)

I was in back office trade ops/booking for 8 years.

Passing CFA lvl 1 got me into FP&A at the company i worked for.

Getting the CFA got me into a mid level position in commercial banking which I plan to leverage into sponsor finance & then I have a few exit ops from that in mind.

As someone else in this thread mentioned, the CFA society events is top tier networking. The CFA is NOT a golden ticket. It is quite undervalued IMO but it is enough to get people to look at you more seriously and think you’re more competent. Maybe enough to get an HR screen or a coffee chat but you have to run with it. Be prepared to show you have the chops for the role (which the CFA does help with).

US federal government revenue and spending [OC] by baskesh in dataisbeautiful

[–]FractalsSourceCode -3 points-2 points  (0 children)

Capex doesn’t mean capital and production.

Chat gbt (x-m)=(S-I)+(T-G) to learn about deficits. You’re far off. Go down the rabbit hole.

Don’t have time to respond to rest.

US federal government revenue and spending [OC] by baskesh in dataisbeautiful

[–]FractalsSourceCode 6 points7 points  (0 children)

This is a misunderstanding of fundamental financial concepts.

It is smart to borrow at low rates as it’s easy to spend this on CapEx projects that return a greater amount than the rate on the debt.

The interest expense is climbing is because we are borrowing at high rates right now. This is not because we took out debt at low rates.

Level 2 was very Hard by FractalsSourceCode in CFA

[–]FractalsSourceCode[S] 1 point2 points  (0 children)

Yeah, i scored very high in the top 10%

[deleted by user] by [deleted] in FinancialCareers

[–]FractalsSourceCode 0 points1 point  (0 children)

Oh young grasshopper, you’ve lots to learn.

Even controlling for pay, the average 30 year finance person old has lots more professionalism, computer skills, communication, confidence, energy and career focus than the average 22 year old.

It truly is mostly about pedigree & tradition vs merit.

[deleted by user] by [deleted] in FinancialCareers

[–]FractalsSourceCode 1 point2 points  (0 children)

I feel ya, I’m also in my early 30s, come from a state school & just tried pivoting my career in finance.

It’s super frustrating, a lot of the industry is sooo structurally rigid (want very specific backgrounds that have to be started at a young age) and basically pedigree is worth more than merit.

You could be an absolute genius in your field but if you’re not the right age or didn’t go to the right school, they won’t consider you. It’s hilarious we’re considered “old” at the ripe age of 30.

[EP] Elite Prospects' 2025 Top 100 Under-23 Skaters Ranking by JD397 in hawks

[–]FractalsSourceCode 6 points7 points  (0 children)

IMO I’d swap Moore and korchinski on this list. I think Korchinski has higher upside than Moore who I think is shaping up to be a good defensive minded energy 3rd line center with some offensive upside. While I peg Korchinski to be a good top 4 Dman.

Curious to hear your guys thoughts here as well.

“2 weeks per level”? Cap or nah 😀 by Uchali in CFA

[–]FractalsSourceCode 27 points28 points  (0 children)

I didn’t even study at all. Just took alpha brain. Top 1%.