Advice Needed: Fair Compensation Package?
Hi all,
I recently received an offer from a small investment advisory firm in Newport Beach for an Analyst position. I will definitely learn a great deal in the investment world and idea of consulting, but I'm wondering if the compensation package is fair or not.
The package includes a 36K salary, performance bonuses (so far they've had 5 $500-$1000 bonuses in 2008), bi-annual salary review, healthcare coverage, 401k, etc. Does this job offer sound reasonable? The salary sounds a bit low from what I've read here on WSO...but it sounds like after a few reviews/bonuses, the salary may grow faster than I would think.
Just to give a bit of background on myself, I graduated from UC Irvine with a degree in Economics. I have worked throughout college at a few part time jobs and am currently at a paid internship at a similar investment management firm (competitor actually).
How is the cost of living in Newport Beach? I'm guessing a pretty penny...
Well, I am pretty sure the company you are talking about is Harvey LLC..Its a pretty decent place, and if you do not have any other offers, I would not negotiate with them, and just take the job.
It's actually Beacon Pointe Advisors, LLC. But yes, I do not have any other offers currently which is why this is kind of tough. And yes, Newport Beach is very expensive to live in. I believe it is one of the most expensive places to live in CA.
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