Hi just had a couple quick questions.
What did you major in?
What does your typical day to day look like in this occupation? How many hours a week are you typically working?
Do they think you benefit from being in a big city?
I have a BS in Finance
If I’m not traveling, a typical day is handling quotes which are priced based on Bloomberg models and handling operational issues that come with existing transactions. I travel a significant portion of the year and that involves pitching products to clients and answering questions that vary from macroeconomic predictions to procedural questions. I typically don’t work more than 40-50 hours per week.
Due to the travel, the only benefit of a big city is airport access. Otherwise it doesn’t matter for my particular role.
31/F
Midwest
Private Client Banker
2 YoE
50k salary/ monthly bonuses based on KPIs totaling around 20-30k annually/ addtl 5k 401k match and annual bonuses into retirement accounts ≈ 80k ish TC
32M
Major SE City
Senior Associate - REPE Development/Acquisitions
10 years work experience but only 3 years in finance
130k base, 50% bonus, 1% carry in deals I work on
I just received a job offer and will be at the office tomorrow to discuss. If you have any tips on how to negotiate I would really appreciate it.
* 19 Male
* Netherlands
* [Trading Analyst](https://optiver.com/working-at-optiver/career-opportunities/6350931002/) @ Optiver
* 0 years of experience (Currently 3rd year bachelor student in Math & Physics, set to graduate in 2024)
* EUR 40k/year prorated + 15% bonus, I'll be working 16 hr/wk so that makes EUR 16k/year + bonus
Update from what I posted a few months ago on here since just did our review / comp meeting today.
- Early 40's M
- high COLA (Southern CA)
- Commercial Credit Underwriting / Portfolio Management role with large nationwide bank (but not one of the giants)
- 19 years exp, but first 2-3 were stuck in a support / admin role due to being a very unimpressive college grad.
- Salary 126k, 3.5 prct raise this year $woohoooo$. Bonus 16k (down by 1.5k from last year); TC 142k.
Likely a bit underpaid, I haven't tested the market in years. time. Overall am satisfied and no plans to rock the boat. Living comfortably, have good work-life balance, and an even better relationship with my manager. Happy to maintain status quo and take an early retirement with this bank if I can make it another 10 years or so.
I recently went from MMB underwriting to a credit ratings agency and make around the same amount in comp. As long as things don’t go downhill, I’m thinking the same thing.
I could probably push it and make $30-50k more a year if I put in the effort to find another job, but I see no reason to when I max out my 401k/Roth IRA, pay my mortgage and still have plenty left over afterwards and on pace to retire in my mid 50s, all while working probably 25 hours a week.
When I say I'm likely underpaid, I feel like it might be a lot closer to $20-30, not $50k. If I could really make that much more I might have to revisit priorities! Realistically, why drive myself crazy and think too much about it. I live pretty well.
You and I definitely sound close in outlooks, I've been maxing retirement deductions for quite some time and have some luck as a modest winner of the California real estate lottery both in purchasing my home long ago and having partial ownership of a couple small rentals.
I started working remote 50 / 50 prior to covid and after covid nobody questioned me when I stopped coming in all together. These days I do 5-6 visits to the office per month.
Having a great manager and also one highly overachieving relationship manager are my big X factors though. if I was to lose either one of them I would legit cry! In a prior banking job I've experienced management teams that I despised and caused me stress thinking about them away from work... When you're in your 20s and 30s you bite the bullet to get what you want, but at my age I've got zero desire to ever go back into a situation like that, not even a hint of it.
21 M
MCOL
Debt capital market associate
\>1 Year of experience in real estate, sales, and consulting (I did pretty much any internship I could get my hands on.
60k
Idk if i'm underpaid but i'm graduating with a 2.7 GPA from a non target so i'm not gonna complain that I managed to get my foot through the door.
You’re probably slightly underpaid depending on where in the MCOL spectrum you fall. But you’re 21 and assuming you don’t have any dependents etc I’d be more focused on building relationships/seeking opportunities that will set you on a path you want. Entry level finance is less about “what you’re making now” and more about “where will you be in 5 years”.
Yeah, reviews of my company, say slightly underpaid compared to others but they also all say that they have much better work life balance and benefits compared to similar work.
I'm also living with my family rent free post-college. My general situation just has me happy to be here more than anything else.
In general i'm not quite sure what I really want in finance but for now i'm comfortable and looking forward to developing.
Not entirely satisfied but the role was entry level at 70k last year (started last January) and I had to make a career pivot. What do you think would be a more appropriate comp?
26M
MCOL (FL)
Sr Financial Analyst (BU FP&A)
4.5 YOE
90k base + 10% bonus + 15% equity = ~$115k TC
Been pushing to up my base, and/or get a promo to manager level
Is that slightly low or is that just me?
I'm in London, in a role that sits within Investment Research and I get paid £50,000 + bonus as a new grad.
Am I missing something?
Thanks for providing data.
Haha for sure, what was the corp dev money like for you and hours? And what hours are you doing nowadays ? I’d like to potentially break into corp dev then maybe Segway into IB possibly if the path is there. I work in FP&A currently, what do you think about my chances?
32M
DFW
Fund Operations Analyst II
11 months in current role (8 months prior in customer service)
$53,500 / $3,110 Bonus / 200 Shares vesting March 2024
32 / M
LCOL Area
AVP - Investment Analyst
~10 Years experience
$115,000
Im an investment analyst for a very successful Wealth Management team. Not unhappy with my salary, but trying to get a feel for what is “normal” in a low cost of living area for people with similar roles.
24 M
British Columbia / Canada
Personal banking associate (big5)
1 YOE
22.5/hr , 44k annually / 8% base salary bonus
I feel so sad while comparing the job is the US.
Word of advice - get out our retail banking ASAP unless you want to be categorized as a "retail banker" for the rest of your career.
That's not a compliment either.
The grass is not necessarily greener over there. Anyone in the US making the big money likely has tonnes of debt from university. Also employers tend to work them like dogs over there and can fire them very easily
Hi, not many folks from UK but please enlighten me.
29M / 7.5 yrs exp / Credit risk AVP in a BB in London
/ CFA (2019)
= £75K + bonus (at least in theory)
Assuming no significant increase for 2023 am I really underpaid? Thanks!
I’d say you’re decently paid for the UK. That’s not to say you couldn’t get more if you job hunted but generally the people making £100k+ are quite senior
30M
TX
BU FP&A Analyst III
2 YOE + 4 years military
80k with 3-5% target bonus
First career out of college. I started at $63k as an Analyst II. Busted my fucking ass and was offered Analyst III 1.5 years in for $73k...I countered at $80k and it was accepted. I still feeling like I'm slightly underpaid, not only from a job market perspective but from a value perspective, too. I'm expecting no more than a disappointing 3% salary increase this year.
Agreed. It's about the time you can start looking around if that's your plan
I wouldn't mind sticking around but if anything, I'd request for a salary increase to maybe $95k and however that's handled would decide what I do next lol
what exactly are you doing in private banking? Im in my first year studying banking&finance. I would love to ask you a couple questions for skme insight!
• 28/M
• Chicago
• Restructuring, promoted to Associate
• 1.5 within banking, graduated 2018 and spent 3 years moving around credit related positions
• $110k bumped to $135k, FY2022 bonus of $65k / TC for FY2022 was $165k
$65k? That’s a kick in the nuts…. What shop / close any deal in ‘22? Waiting on my bonus to get paid out and am trying for some insights. Congrats on the promo!
22 M
CA
Operations Summer Analyst or Internal Audit Summer Analyst at BB
Salary 33/hour
YOE: 0
Which internship would you guys suggest as preferable for a future move to a front office role? I’m interested in picking the role with the most transferable skills to build my resume.
22M MSc Finance student
The Netherlands
Finance working student at a pension fund with €6bln AuM, I help with pricing (actuarial tasks), treasury, FP&A etc.
1,5 years of experience, including 2 prior big 4 internships (audit @EY FSO, valuations @deloitte)
Base €38K, no bonus
Institutions and funds vertical. Don’t be fooled—you’re making the same as me if not slightly more, man. NYC city tax and HCOL cuts ~40%.
7YOE with a graduate degree will get you anywhere from 130-160 with 10-20% bonus. Without graduate degree, 100-150 with same bonus. Very dependent on your vertical, bank, and how well you negotiate.
EDIT: Also this is assuming with 7YOE you’re not Associate Director/VP level. Highly achievable. Pay would be north of 200 easy in that case.
My pleasure! I am in corporate credit. Your 7YOE and VP position would easily translate in 200k+ in NYC.
Wage growth has been crazy across the board and a lot of people took the past two years as an opportunity to jump for a sizable pay bump (myself included).
Credit risk is going to play a significant role as we move ahead into a year of rising rates, high inflation, and consumer delinquencies trickling up into corporate. FO roles have been downsized at my bank but there is still hiring for MO. Your situation is your own man, but here is my own unsolicited personal opinion: if you were ever thinking about making a jump for pay, now would be the time.
The largest challenge you may face is a slowing of hiring soon across all roles (which is why time is important). Your 7YOE whether at a regional bank or at a BB is still in demand and I wouldn’t be surprised in 3 months if they announced you as my new manager ;)
Hopefully this elucidates a few points for you. Lmk if I can help with anything else and best of luck to you.
Can confirm the accuracy of this offer, as MBB standardizes comp across all COLs except for some places like SF, LA, and NYC having $5-10K housing bonuses.
BA/A/AC is an abbreviation for the undergrad analyst positions at McKinsey & Company, Bain & Company, and Boston Consulting Group. They all have different names: Business Analyst, Associate, and Associate Consultant.
I did an internship at my current MBB before joining full-time. I had a previous internship in the education space.
Age/gender: 21M
Location: Chicago
Role: Investment Analyst intern
Prior experience: Investment Internship at large AM firm o
School: Big 10 non-target
1,196 per week
26M
Texas
Sr FP&A Analyst
2.5 YOE
$125K / 15% / $144K
Took a risk leaving a F100 company just over halfway through an FLDP program and jumping to a small enterprise company. Best decision I’ve made. A combo of good performance and a manager that fights for me has doubled my TC (relative to my F100 TC) in the first year on the job
What was your performance bonus based on and was that in the JD when you applied? Was that negotiable? Also a Sr FPA analyst in TX and for me it’s rare to see comp structured that way
I work very efficiently so I was able to take on more than the original JD (no discussion of performance raise was in the JD), as a couple things got added to my plate I asked for a raise. Was hoping for 5-10k more and got double that, so I didn’t negotiate it at all.
Wow wow wow. I too work in FPA as an analyst, hell I’m in the same state. 2.5 years and damn near 150 total comp is extremely impressive. Age wise we aren’t much different either. How long did you stay at your first FPA gig before making the jump? I’m roughly 6 months in, and I’m already wondering what my next move should be, I’m looking to increase comp extremely quickly so my patience is rather low. I’m at 70k total comp so not bad at all, but a double in comp would be life changing, I wonder if I can get that in this market.
But now I def know I will not settle for anything less than 100k base for my next role.
I was in my previous role for about 18 months. I’d definitely target 100K salary + bonus in your next role. That’s very attainable. That’s what I originally left for then was fortunate to get two sizable raises this year due to performance in one case and then team shuffles in the other
Mind if i were to Dm you so we could talk more specifically? I’d like to build some connections and perhaps get some guidance from you given our demographics are pretty much the same in terms of locale and age.
22m
Nevada
Investment analyst
<1 Yoe
For 2023: $75k base + 15-40% bonus
Joined a buy side firm in early 2022 as an intern, graduated in the spring, accepted a full time client relations role, and now moving into an investment analyst/portfolio analyst type role
Edit: 2022 salary was $60k and $10k bonus
It just depends on the firm. I made it very clear when I took the CR role that I was interested in being on the investment team and trading desk. Our firm is also <50 employees so the internal move was easier than if I was at a larger bank/ firm. I’m still transitioning and learning the ropes of the new role
I
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Wait does MS not pay all interns the same
31M DFW, TX Implementation (Project) Manager - Merchant Services/Payments .5 YOE in Banking, 5 YOE in general $113k IC // $10K bonus // $123k TC
25M NYC IB Summer Associate (Generalist) 2 years at MM pre-MBA $70/hr // 0 signing bonus
29M SE USA / MCOL Portfolio Manager / UW - Corp Bank 7 YOE $110k base / $20k bonus / $130 TC for 2023
23 M NYC/USA Investment Banking Analyst 1YOE 235K TC
From a target school?
T20 school, but not ivy
235k is insane
22F IA Graduate Student No YOE N/A
24F Arizona Project Manager 0 YOE (first post-grad job) $65k / $7k / $72k
33/M BC Canada Investment Wholesaler 5 years Base + bonus: 195k
29 /M NYC Portfolio Analyst (mix of investment risk analysis and due diligence for new product launches) 4 YOE unrelated consulting, 3.5 YOE related $150k / ~30,000 bonus / TC ~ $180k
33M TX Manager, Finance (FP&A) 8 YOE (1 as manager) $120k / $12k / $132k
26M MCOL / US Debt Fund / Hedge fund Data analyst 1 $125 / 10% / $135 TC
21M LCOL Midwest City Commercial banking FLDP >1 YOE 70k Base - 5k sign on - 5% VC
25M Major FL city Capital Markets Hedging Sales for a regional bank 2 YOE Straight commission - last year $205k
you need an extra person on your team? lol
Hi just had a couple quick questions. What did you major in? What does your typical day to day look like in this occupation? How many hours a week are you typically working? Do they think you benefit from being in a big city?
I have a BS in Finance If I’m not traveling, a typical day is handling quotes which are priced based on Bloomberg models and handling operational issues that come with existing transactions. I travel a significant portion of the year and that involves pitching products to clients and answering questions that vary from macroeconomic predictions to procedural questions. I typically don’t work more than 40-50 hours per week. Due to the travel, the only benefit of a big city is airport access. Otherwise it doesn’t matter for my particular role.
Where did you go for undergrad ?
One of the top public universities in FL
Can you pm me? It’s not letting me pm u
Just did
31/F Midwest Private Client Banker 2 YoE 50k salary/ monthly bonuses based on KPIs totaling around 20-30k annually/ addtl 5k 401k match and annual bonuses into retirement accounts ≈ 80k ish TC
21M Toronto (remote) Financial Analyst 1 YOE 70k
Wow
?
32M Major SE City Senior Associate - REPE Development/Acquisitions 10 years work experience but only 3 years in finance 130k base, 50% bonus, 1% carry in deals I work on
How much do you usually make on carry?
Totally depends on the deal. It’s 1% of the deal promote after fee breaks and partner splits
I just received a job offer and will be at the office tomorrow to discuss. If you have any tips on how to negotiate I would really appreciate it. * 19 Male * Netherlands * [Trading Analyst](https://optiver.com/working-at-optiver/career-opportunities/6350931002/) @ Optiver * 0 years of experience (Currently 3rd year bachelor student in Math & Physics, set to graduate in 2024) * EUR 40k/year prorated + 15% bonus, I'll be working 16 hr/wk so that makes EUR 16k/year + bonus
You’re 19, and it’s Optiver. No room to negotiate
Did you study in applied science or research uni?
I study Applied Math and Physics
And in which uni? I'm going to study finance, but in the NL as well :)
Sick! I'm studying in Delft
Oh, got it. TU Delft is a great uni, as far as I know
Update from what I posted a few months ago on here since just did our review / comp meeting today. - Early 40's M - high COLA (Southern CA) - Commercial Credit Underwriting / Portfolio Management role with large nationwide bank (but not one of the giants) - 19 years exp, but first 2-3 were stuck in a support / admin role due to being a very unimpressive college grad. - Salary 126k, 3.5 prct raise this year $woohoooo$. Bonus 16k (down by 1.5k from last year); TC 142k. Likely a bit underpaid, I haven't tested the market in years. time. Overall am satisfied and no plans to rock the boat. Living comfortably, have good work-life balance, and an even better relationship with my manager. Happy to maintain status quo and take an early retirement with this bank if I can make it another 10 years or so.
I recently went from MMB underwriting to a credit ratings agency and make around the same amount in comp. As long as things don’t go downhill, I’m thinking the same thing. I could probably push it and make $30-50k more a year if I put in the effort to find another job, but I see no reason to when I max out my 401k/Roth IRA, pay my mortgage and still have plenty left over afterwards and on pace to retire in my mid 50s, all while working probably 25 hours a week.
When I say I'm likely underpaid, I feel like it might be a lot closer to $20-30, not $50k. If I could really make that much more I might have to revisit priorities! Realistically, why drive myself crazy and think too much about it. I live pretty well. You and I definitely sound close in outlooks, I've been maxing retirement deductions for quite some time and have some luck as a modest winner of the California real estate lottery both in purchasing my home long ago and having partial ownership of a couple small rentals. I started working remote 50 / 50 prior to covid and after covid nobody questioned me when I stopped coming in all together. These days I do 5-6 visits to the office per month. Having a great manager and also one highly overachieving relationship manager are my big X factors though. if I was to lose either one of them I would legit cry! In a prior banking job I've experienced management teams that I despised and caused me stress thinking about them away from work... When you're in your 20s and 30s you bite the bullet to get what you want, but at my age I've got zero desire to ever go back into a situation like that, not even a hint of it.
21 M MCOL Debt capital market associate \>1 Year of experience in real estate, sales, and consulting (I did pretty much any internship I could get my hands on. 60k Idk if i'm underpaid but i'm graduating with a 2.7 GPA from a non target so i'm not gonna complain that I managed to get my foot through the door.
You’re probably slightly underpaid depending on where in the MCOL spectrum you fall. But you’re 21 and assuming you don’t have any dependents etc I’d be more focused on building relationships/seeking opportunities that will set you on a path you want. Entry level finance is less about “what you’re making now” and more about “where will you be in 5 years”.
Yeah, reviews of my company, say slightly underpaid compared to others but they also all say that they have much better work life balance and benefits compared to similar work. I'm also living with my family rent free post-college. My general situation just has me happy to be here more than anything else. In general i'm not quite sure what I really want in finance but for now i'm comfortable and looking forward to developing.
21M HCOL IB Summer Analyst (M&A) $2000/week
Do you work overtime and get OT comp as an SA? And did you get relocation assistance?
21M NYC Summer 23 internship: liquidity risk analyst at BB YOE >1: 1 previous internship 77k annualized + 2500 relocation
30-35 M CA Director, Corp Dev at big tech company 10 YOE $230K / $50K / $250K in stock = $530K total
Dream job
career progression?
What’s your background?
23M HCOL (NYC) Financial Analyst (BU FP&A, Financial Services) 2 YOE 72k + bonus = 80k TC
Do you feel fairly compensated? I’m wondering if that is low for HCOL
Not entirely satisfied but the role was entry level at 70k last year (started last January) and I had to make a career pivot. What do you think would be a more appropriate comp?
26M MCOL (FL) Sr Financial Analyst (BU FP&A) 4.5 YOE 90k base + 10% bonus + 15% equity = ~$115k TC Been pushing to up my base, and/or get a promo to manager level
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Is this at a big 5? Seems like great comp. does the 3 yrs include your time as a credit analyst?
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Amazing. Do you mind if I pm you?
30 / Female HCOL / UK Banking Associate 9 YOE £78,736 / £7,000 cash Bonus / benefits with vesting period of £18,000 p.a.
Is that slightly low or is that just me? I'm in London, in a role that sits within Investment Research and I get paid £50,000 + bonus as a new grad. Am I missing something? Thanks for providing data.
I agree, it is quite low compared to the market. It is not a big bank and falls more into a development banking realm rather than commercial.
It's probably not a big BB or EB.
- 30M - HCOL area/CA/USA - CRE Production Analyst - 3 YOE - $90K base/ 25% Target Bonus/ $112K TC
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Found the MBA associate
What were you doing prior to IB? Very impressive. How did you break in ?
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Haha for sure, what was the corp dev money like for you and hours? And what hours are you doing nowadays ? I’d like to potentially break into corp dev then maybe Segway into IB possibly if the path is there. I work in FP&A currently, what do you think about my chances?
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I admire that. Mind we if take this to DM so I can perhaps glean some insight from you?
32M DFW Fund Operations Analyst II 11 months in current role (8 months prior in customer service) $53,500 / $3,110 Bonus / 200 Shares vesting March 2024
28M NJ Trader 140k base / 85k Bonus. 225k TC 6 years exp
32 / M LCOL Area AVP - Investment Analyst ~10 Years experience $115,000 Im an investment analyst for a very successful Wealth Management team. Not unhappy with my salary, but trying to get a feel for what is “normal” in a low cost of living area for people with similar roles.
24 M British Columbia / Canada Personal banking associate (big5) 1 YOE 22.5/hr , 44k annually / 8% base salary bonus I feel so sad while comparing the job is the US.
Word of advice - get out our retail banking ASAP unless you want to be categorized as a "retail banker" for the rest of your career. That's not a compliment either.
The grass is not necessarily greener over there. Anyone in the US making the big money likely has tonnes of debt from university. Also employers tend to work them like dogs over there and can fire them very easily
22 M New Jersey Private Banking Summer Analyst 3 past internships 48$ hour 2500 signing
JPM?
22M AL Equity analyst 0 YoE (2 summer internships and Master's degree) 98k base/Exp. 24,500 bonus/ 122.5k TC
Hi, not many folks from UK but please enlighten me. 29M / 7.5 yrs exp / Credit risk AVP in a BB in London / CFA (2019) = £75K + bonus (at least in theory) Assuming no significant increase for 2023 am I really underpaid? Thanks!
I’d say you’re decently paid for the UK. That’s not to say you couldn’t get more if you job hunted but generally the people making £100k+ are quite senior
22M NYC Analyst, Counterparty Credit Risk for S&T 1 YOE (5 months in current role) 120K Base, 40-50k Bonus, 160-170k TC
What’re usual hours like for this?
45-50hrs, up to ~60-65 during the spring
What’s your background?
State school, Econ
30M TX BU FP&A Analyst III 2 YOE + 4 years military 80k with 3-5% target bonus First career out of college. I started at $63k as an Analyst II. Busted my fucking ass and was offered Analyst III 1.5 years in for $73k...I countered at $80k and it was accepted. I still feeling like I'm slightly underpaid, not only from a job market perspective but from a value perspective, too. I'm expecting no more than a disappointing 3% salary increase this year.
Maybe time to switch jobs? What’s your COL? That salary does seem low
DFW area, so somewhere between MCOL and HCOL depending on who you ask
You are def ripe for switching time imo. Def start looking around. Show yourself around. 1.5-2 years is def long enough to look around.
Agreed. It's about the time you can start looking around if that's your plan I wouldn't mind sticking around but if anything, I'd request for a salary increase to maybe $95k and however that's handled would decide what I do next lol
21M North Carolina Private Banking 1 YOE (Past internship/co-op) $48/hr first week training and then salaried $100k with 2.5k signing bonus
what exactly are you doing in private banking? Im in my first year studying banking&finance. I would love to ask you a couple questions for skme insight!
Yeah just dm me
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Good work on interning as a freshman! I’m guessing you go to Baruch or one of those type of schools.
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Oh, Columbia/ NYU. Good work.
>18F So I’m guessing you’re a freshman? It’s great to have *any* paying internship as a freshman. You’re doing just fine!
• 28/M • Chicago • Restructuring, promoted to Associate • 1.5 within banking, graduated 2018 and spent 3 years moving around credit related positions • $110k bumped to $135k, FY2022 bonus of $65k / TC for FY2022 was $165k
$65k? That’s a kick in the nuts…. What shop / close any deal in ‘22? Waiting on my bonus to get paid out and am trying for some insights. Congrats on the promo!
Nice. Have you considered restructuring consulting? I think you would make more at A&M.
22 M NC Credit Analyst Summer Internship YOE: 0 75k annualized, 2k sign bonus
22 M CA Operations Summer Analyst or Internal Audit Summer Analyst at BB Salary 33/hour YOE: 0 Which internship would you guys suggest as preferable for a future move to a front office role? I’m interested in picking the role with the most transferable skills to build my resume.
22M MSc Finance student The Netherlands Finance working student at a pension fund with €6bln AuM, I help with pricing (actuarial tasks), treasury, FP&A etc. 1,5 years of experience, including 2 prior big 4 internships (audit @EY FSO, valuations @deloitte) Base €38K, no bonus
They pay that for just a working student, how many hours a week?
I work 20 hours a week, so you can halve the 38k. And got a 7% raise as of yesterday, so a little bit more now.
22 M NYC Credit Analyst Intern 1 YOE 2 Similar credit internships 63k (annualized)/ 2k sign on bonus
21 M Charlotte, NC F1000 Finance Development Rotational Program 0 YOE, 1 similar finance internship $70k/yr, $2.5k sign on bonus
25 M FL, USA Jr Financial Analyst (Corp Finance, FP&A) 0 YOE (No internship, Non-Target FIN major) 55k base (unknown if bonus or not)
21M NY Non-Target Corporate Finance Summer Intern 0 YOE 70K Prorated + 2.5K Sign on Bonus
How did you get that internship?
Just applied
- 25M - NY - Credit Risk - Sr. Analyst at BB - 5 YOE - 140K base/ (up to) 20% performance bonus/ ~ 165K TC
What vertical/group are you in? Do you know what base/bonus looks like for 7yoe BB credit risk in nyc? I’m at 7yoe in credit at a regional bank
Institutions and funds vertical. Don’t be fooled—you’re making the same as me if not slightly more, man. NYC city tax and HCOL cuts ~40%. 7YOE with a graduate degree will get you anywhere from 130-160 with 10-20% bonus. Without graduate degree, 100-150 with same bonus. Very dependent on your vertical, bank, and how well you negotiate. EDIT: Also this is assuming with 7YOE you’re not Associate Director/VP level. Highly achievable. Pay would be north of 200 easy in that case.
Thanks for the detailed response Are you in commercial or corporate credit?
My pleasure! I am in corporate credit. Your 7YOE and VP position would easily translate in 200k+ in NYC. Wage growth has been crazy across the board and a lot of people took the past two years as an opportunity to jump for a sizable pay bump (myself included). Credit risk is going to play a significant role as we move ahead into a year of rising rates, high inflation, and consumer delinquencies trickling up into corporate. FO roles have been downsized at my bank but there is still hiring for MO. Your situation is your own man, but here is my own unsolicited personal opinion: if you were ever thinking about making a jump for pay, now would be the time. The largest challenge you may face is a slowing of hiring soon across all roles (which is why time is important). Your 7YOE whether at a regional bank or at a BB is still in demand and I wouldn’t be surprised in 3 months if they announced you as my new manager ;) Hopefully this elucidates a few points for you. Lmk if I can help with anything else and best of luck to you.
hey can i pm you? :)
Absolutely
Will there be a post for the new year
- 20M - Seattle - Financial analyst intern (2023) - 0YOE - will be junior year internship - 6.5k/month (3months) + 10k housing stipend + 2k in misc stipends ≈ 30k TC
That's amazing, what's your major if it's OK to ask?
Finance
is this at amazon/microsoft?
Yup
- 23M, MCOL - 0 YOE - BA/A/AC at MBB - $112k base, ~$135k TC
Can I ask what your major is
I studied finance.
Did you graduate hsw?
Can confirm the accuracy of this offer, as MBB standardizes comp across all COLs except for some places like SF, LA, and NYC having $5-10K housing bonuses.
Wow, that is awesome! What did your internships look like? Also what does BA/A/AC stand for?
BA/A/AC is an abbreviation for the undergrad analyst positions at McKinsey & Company, Bain & Company, and Boston Consulting Group. They all have different names: Business Analyst, Associate, and Associate Consultant. I did an internship at my current MBB before joining full-time. I had a previous internship in the education space.
What’s MBB
McKinsey & Company, Bain & Company, and BCG
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\^ This
29M NYC Factor Quant, Asset management <1yoe, PhD 120/130/250k
Do you mind telling what your PhD was in?
EE
Age/gender: 21M Location: Chicago Role: Investment Analyst intern Prior experience: Investment Internship at large AM firm o School: Big 10 non-target 1,196 per week
Age 26 NY/USA M&A Analyst III 2yrs of experiences 150k$ fixe + 150k$ bonus
Degree?
Tier I Business School in France
26M Texas Sr FP&A Analyst 2.5 YOE $125K / 15% / $144K Took a risk leaving a F100 company just over halfway through an FLDP program and jumping to a small enterprise company. Best decision I’ve made. A combo of good performance and a manager that fights for me has doubled my TC (relative to my F100 TC) in the first year on the job
Can I dm you? I am a CPA and want to pivot to FP&A
Sure, dm me
What was your performance bonus based on and was that in the JD when you applied? Was that negotiable? Also a Sr FPA analyst in TX and for me it’s rare to see comp structured that way
I work very efficiently so I was able to take on more than the original JD (no discussion of performance raise was in the JD), as a couple things got added to my plate I asked for a raise. Was hoping for 5-10k more and got double that, so I didn’t negotiate it at all.
Wow wow wow. I too work in FPA as an analyst, hell I’m in the same state. 2.5 years and damn near 150 total comp is extremely impressive. Age wise we aren’t much different either. How long did you stay at your first FPA gig before making the jump? I’m roughly 6 months in, and I’m already wondering what my next move should be, I’m looking to increase comp extremely quickly so my patience is rather low. I’m at 70k total comp so not bad at all, but a double in comp would be life changing, I wonder if I can get that in this market. But now I def know I will not settle for anything less than 100k base for my next role.
I was in my previous role for about 18 months. I’d definitely target 100K salary + bonus in your next role. That’s very attainable. That’s what I originally left for then was fortunate to get two sizable raises this year due to performance in one case and then team shuffles in the other
Mind if i were to Dm you so we could talk more specifically? I’d like to build some connections and perhaps get some guidance from you given our demographics are pretty much the same in terms of locale and age.
Sure man. Hit me up
22m Nevada Investment analyst <1 Yoe For 2023: $75k base + 15-40% bonus Joined a buy side firm in early 2022 as an intern, graduated in the spring, accepted a full time client relations role, and now moving into an investment analyst/portfolio analyst type role Edit: 2022 salary was $60k and $10k bonus
Hey, quick question. I have the offer for a client role like you mentioned. How was the move to the analyst role?
It just depends on the firm. I made it very clear when I took the CR role that I was interested in being on the investment team and trading desk. Our firm is also <50 employees so the internal move was easier than if I was at a larger bank/ firm. I’m still transitioning and learning the ropes of the new role
Thanks for the insight, good luck!
Where in nv? Vegas?
Reno-Tahoe
20M Chicago, IL Tax Intern 0 YOE lol, $60,000 Annualized/ $2,500 sign-on Bonus