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It would be more than abnormal if you are talking about the corporate world. I bet you couldn't find anyone in a position that earns $1 mill per year with an IQ that low.
You must be ****ing joking. And/or spent almost no time in corporate America. I've met hundreds of corp drones with sub-120 IQs that make 7 figs a year in large banks alone.
Hell, senior back-office people make that much easily and not a single one of them is approaching anywhere near sub-genius level.
Mid-tier salesguys on a team that's got the hot product du jour make that easily, I remember when inverse floaters got hot in the prior decade and that desk went from printing almost no trades to printing several hundred million dollars a year. The guy I personally knew on the desk was a bona fide idiot - which is why he was put on a 'dead' sales/trading desk in the first place. He prob made $1-2m+ for a couple years until interest vanished again.
Before that you used to be able to make a very, very good living just rolling 3 mo-1 yr UST notes for rich clients. Huge volume, absolutely no risk! It was probably the easiest way to make $1m/yr in NYC until banks figured out that no matter the volume they weren't actually making enough money after costs to ever make a profit, they cut commissions to literally zero on these. And this was back when $1m in NYC was real, real good money.
I also sat next to a team where one sales guy spotted an obvious flaw in the banks' acct'g P/L software, maybe you need an IQ of ...say 105 to spot that entering the trade one way in the system gave you zero P/L and entering it the other way gave you massive 'profits' on your trade. If your forward trades didn't settle from more than 1 year [very common] it was a free money machine. That guy, and his boss and his boss's boss [neither of whom thought of this but probably realized it] all were making $1-5m a year due to this trick alone.
When it came out the salesman was fired and rightly so, somehow his direct boss avoided it probably because his boss knew and protected him. But that dude made at least $5m for spotting an obvious, obvious flaw [hit this button make $0, hit this button make $huge profits]. Duh.
And it was really no other risk for him because the bank could never admit to bosses or shareholders the P/L system was so easily tricked. He just got a job down the street doing the same job.
There are 'Orange Bloods' at Home Depot some of whom have been greeters their whole career: they are also centimillionaires. Don't have to be a genius if the company you work for has stock that just climbs and climbs for multiple decades.
Last edited by Mike Haven; 11-13-2017 at 08:11 PM.
