They had either found a great one bedroom to rent or had purchased a condo somewhere in Manhattan when I graduated from college in 1999, a bunch of my fellow first-year classmates at GS proudly proclaimed.
At that time, we constantly scratched my mind and wondered the way they could manage to spend $2,000+/month for lease or $500,000 for a flat whenever our salary that is base was $40,000 during the time.
I learned many of them came from very wealthy families as I got to know my classmates better, however. There is a number that is disproportionately large of whom visited personal universities. One classmate’s dad was in fact the Prime Minister of Canada. Another parents that are classmate’s GS Private Wealth Management consumers, in which the minimum become a customer ended up being having $25 million in investable assets.