I went to SMU and got a BBA from the Cox school. SMU offers an excellent business education.
As I have posted before, a career in finance can lead to the same type salalries that professional football players rcv.
There are many SMU guys who on wall street, myself included.
Any prospective student athelete who wants to do something with stocks, bonds, or become an investment banker will have access to an influential and extensive network.
V.J. McElroy and Finance
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V.J. McElroy and Finance
by that's great raplh » Sat Jan 21, 2006 5:33 pm
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that's great raplh 
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by that's great raplh » Sat Jan 21, 2006 5:45 pm
Wall Street Bonuses to Hit Record $21.5 Billion in 2005
Published: January 11, 2006
New York Times
Ferrari dealers get ready: Wall Street bonuses are in and they are big.
Alan G. Hevesi, the New York state comptroller, announced today that Wall Street bonuses are estimated to hit a record $21.5 billion for 2005, surpassing the previous record of $19.5 billion of 2000. Those bonuses were driven by record profits at many of Wall Street's major banks, including Goldman Sachs, Bear Stearns and Lehman Brothers.
The Street's munificence will be felt throughout New York: Mr. Hevesi estimated that New York State will collect $1.5 billion in tax revenue and New York City will receive about $500 million from those bonuses.
"Wall Street continues to be critically important to the economies of both the city and the state," he said.
The average bonus of $125,000 was also a record, surpassing the previous peak in 2004, of $114,270. Mr. Hevesi's figures represent bonuses awarded at 220 companies listed on the New York Stock Exchange. Adjusted for inflation, the 2000 record was $22.3 billion.
The benefits, while widespread, will not be shared equally. "When the tides come in, all boats rise," said Alan Johnson, managing director of Johnson Associates, the compensation consulting firm. "Thousands make $1 million or more, and then there are lots of people who get $10,000. Everyone gets something, but it is by no means equitable."
Wall Street chief executives will be at the top of the heap, reaping the benefits of their banks profits. Henry Paulson, chief executive of Goldman Sachs, earned a compensation package of $38 million for 2005. Richard Fuld, the chief executive of Lehman Brothers was awarded $14.9 million in restricted stock. John Mack, who took over the reins of Morgan Stanley last summer, earned $11.5 million for five months' worth of work.
While most Wall Street executives, bankers and traders have now been told what bonuses they are getting, they will not be receiving the cash or stock until the end of this month or next month. Nonetheless, some will have already budgeted or spent their bonuses. Real estate and luxury cars are typically high on Wall Street spending lists.
Performance on the Street varied among the firms last year, but the underlying business of trading, lending, advising and raising money for companies was robust over all.
About $1.8 trillion in mergers and acquisitions were completed in the fiscal year ended in November, according to estimates by Merrill Lynch. That compares with $1.3 trillion in 2004. American companies coming to market raised $48 billion in 2005, compared with $62 billion in 2004. But companies outside the United States raised $379 billion last year, compared with only $282 billion the previous year.
Indeed, those investment firms with global reach benefited from it. According to Thomson Financial, European issuance in 2005 climbed 13 percent, to $2.46 trillion, while Japanese underwriting rose more than 10 percent, to $276 billion. United States issuers raised $3.02 trillion, a bigger total, but up only 4 percent from last year's level. No American company was in the top 10 global initial public offerings.
The bulk of Wall Street's profits continue to come from trading, with an increasing amount coming from firms' using their own money to make bets, rather than simply acting as agents between parties trading.
"The trading business, which drives Wall Street - it's not investment banking - continued to be extremely strong, even though interest rates went the wrong way," Mr. Johnson said, referring to the fact that interest rates have been rising, a development that can hurt Wall Street profits.
Revenues at Wall Street firms grew by 44.5 percent through the first three quarters of 2005, reaching the highest levels since the stock market peaked in 2000.
The year "2000 was the peak of the greatest boom in our modern history," Mr. Hevesi noted. "It was a remarkable time, so this is very good news."
Already this year, the stock market has had a modest rally, a positive indicator for profits on the Street. In addition, many of the investment firms are planning to increase their work forces by as much as 10 percent, adding more high-priced mouths to feed in 2006.
http://www.nytimes.com/2006/01/11/colle ... 63&ei=5070[url][/url]
Published: January 11, 2006
New York Times
Ferrari dealers get ready: Wall Street bonuses are in and they are big.
Alan G. Hevesi, the New York state comptroller, announced today that Wall Street bonuses are estimated to hit a record $21.5 billion for 2005, surpassing the previous record of $19.5 billion of 2000. Those bonuses were driven by record profits at many of Wall Street's major banks, including Goldman Sachs, Bear Stearns and Lehman Brothers.
The Street's munificence will be felt throughout New York: Mr. Hevesi estimated that New York State will collect $1.5 billion in tax revenue and New York City will receive about $500 million from those bonuses.
"Wall Street continues to be critically important to the economies of both the city and the state," he said.
The average bonus of $125,000 was also a record, surpassing the previous peak in 2004, of $114,270. Mr. Hevesi's figures represent bonuses awarded at 220 companies listed on the New York Stock Exchange. Adjusted for inflation, the 2000 record was $22.3 billion.
The benefits, while widespread, will not be shared equally. "When the tides come in, all boats rise," said Alan Johnson, managing director of Johnson Associates, the compensation consulting firm. "Thousands make $1 million or more, and then there are lots of people who get $10,000. Everyone gets something, but it is by no means equitable."
Wall Street chief executives will be at the top of the heap, reaping the benefits of their banks profits. Henry Paulson, chief executive of Goldman Sachs, earned a compensation package of $38 million for 2005. Richard Fuld, the chief executive of Lehman Brothers was awarded $14.9 million in restricted stock. John Mack, who took over the reins of Morgan Stanley last summer, earned $11.5 million for five months' worth of work.
While most Wall Street executives, bankers and traders have now been told what bonuses they are getting, they will not be receiving the cash or stock until the end of this month or next month. Nonetheless, some will have already budgeted or spent their bonuses. Real estate and luxury cars are typically high on Wall Street spending lists.
Performance on the Street varied among the firms last year, but the underlying business of trading, lending, advising and raising money for companies was robust over all.
About $1.8 trillion in mergers and acquisitions were completed in the fiscal year ended in November, according to estimates by Merrill Lynch. That compares with $1.3 trillion in 2004. American companies coming to market raised $48 billion in 2005, compared with $62 billion in 2004. But companies outside the United States raised $379 billion last year, compared with only $282 billion the previous year.
Indeed, those investment firms with global reach benefited from it. According to Thomson Financial, European issuance in 2005 climbed 13 percent, to $2.46 trillion, while Japanese underwriting rose more than 10 percent, to $276 billion. United States issuers raised $3.02 trillion, a bigger total, but up only 4 percent from last year's level. No American company was in the top 10 global initial public offerings.
The bulk of Wall Street's profits continue to come from trading, with an increasing amount coming from firms' using their own money to make bets, rather than simply acting as agents between parties trading.
"The trading business, which drives Wall Street - it's not investment banking - continued to be extremely strong, even though interest rates went the wrong way," Mr. Johnson said, referring to the fact that interest rates have been rising, a development that can hurt Wall Street profits.
Revenues at Wall Street firms grew by 44.5 percent through the first three quarters of 2005, reaching the highest levels since the stock market peaked in 2000.
The year "2000 was the peak of the greatest boom in our modern history," Mr. Hevesi noted. "It was a remarkable time, so this is very good news."
Already this year, the stock market has had a modest rally, a positive indicator for profits on the Street. In addition, many of the investment firms are planning to increase their work forces by as much as 10 percent, adding more high-priced mouths to feed in 2006.
http://www.nytimes.com/2006/01/11/colle ... 63&ei=5070[url][/url]
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that's great raplh - Posts: 6362
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