The benefits are great, too.                     Photographer: Craig Warga/Bloomberg

Trade of the Day: Quit Trading, Join Academia

Mark Gilbert is a Bloomberg View columnist and a member of the Bloomberg View editorial board. He has worked at Bloomberg News since 1991, most recently as London bureau chief. He is the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."
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Nine presidents of public U.S. universities are making more than$1 million a year, Bloomberg News reports today. Meantime, in the world of finance, “being boastful, indiscreet and vulgar is not OK,” according to Colin Fan, the co-head of investment banking at Deutsche Bank AG.

So the Trade of the Day is to quit your job as trader, and head to academia. You still might get that magical seven-figure salary and, as the chart below shows, your weekly hours are headed down, not up:

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Mark Gilbert at magilbert@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net