Does anybody have a good idea what an equity analyst's comp is for a $1-10bn shop in Tier 2 or Tier 3 cities, particularly those in the Mid-West or South, excluding Chicago/Atlanta? Either for a long only or hedge fund.
I'm trying to figure out if the comp is decent enough to support a family or I'd be best served going for an MBA and going corporate. Would be curious anyone's experience targeting those type of geographies and high salary positions
Hi CFA_monkey13, hope I can help. Do any of these links cover what you're looking for:
Hope that helps.
It would vary a lot based upon the size of the firm ($1bn is much different than $10bn) and your level/experience. Comp would almost certainly be lower than NYC or Chicago, but considering the COL difference you would probably come out ahead or at least even. The bigger question is whether you would want to live in said tier 2/3 city long term. It would definitely limit your career options, so generally the only reason to take the job is if you want to stay in said city long term, or you don't have any other offers.
If the offer isn't enough to "support your family" in a tier 3 city like St Louis or Kansas City then keep looking, it shouldn't be that low...
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