Base?
IB
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(Senior Baboon, 216
Points)
on 5/6/10 at 11:05pm
I know the market is 70K for base for 1st yrs in IBD.
are there still boutiques/mm banks out that pay 60K for base...?
this is the case for my friend and i felt pretty bad.
Is he alone in this thread?






jimbo...in my days, before
jimbo...in my days, before the Internet made it so easy for lonely losers to trash talk anonymously, we would beat freaks like you.
Koala Moonlight Dance Magic
jimbo...in my days, before the Internet made it so easy for lonely losers to trash talk anonymously, we would beat freaks like you.
hahahah even better
It depends geographically too
It depends geographically too on the boutique/mm. There are some in lower cost of living cities (aka not in NY, Chicago, LA, SF) that do pay 60. In that case though, it might even be better (strictly speaking from a monetary standpoint and disregarding prestege/exit opps).
I have it on good authority
I have it on good authority that Piper Jaffray and Keefe, Bruyette, and Woods both pay their SAs 60k/prorated.
Not to steal the thread but,
Not to steal the thread but, side question...does anyone see a step to 80k in the not so distant future for first years? I know things just went up but hey I thought I'd ask.
yes, it will be 80k in the
yes, it will be 80k in the future
I wouldn't bank on it being
I wouldn't bank on it being this year, given they bumped it to $70k just last year. It's usually every 3 years or so, assuming no craterous drops in the market.
Thank you monkeyman for that
Thank you monkeyman for that insight. Gomes...I agree with you, just throwing it out there. So, as an SA this summer who will be hoping to start FT in July 2011, I suppose it is realistic to predict I will start at 70k and potentially be receiving a bump to 90k in the second year of my analyst position.
I've heard of 60-65 for a
I've heard of 60-65 for a bunch of boutiques and MM, but who's counting? at a certain point I feel like you've made enough money ;)
Who gives a shit about base
Who gives a shit about base salary. You are working for the bonus which one would hope will be very nice. Quit crying about 60K, you sound like a ingrate.
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^ Retard, bonus at the
^ Retard, bonus at the analyst position isn't that high. The difference between the bonus isn't that great from the difference between base. And OP was just asking a question. Why the fuck did WSO give you a star?
AMZ wrote: ^ Retard, bonus at
^ Retard, bonus at the analyst position isn't that high. The difference between the bonus isn't that great from the difference between base. And OP was just asking a question. Why the fuck did WSO give you a star?
seconded
AMZ wrote: ^ Retard, bonus at
^ Retard, bonus at the analyst position isn't that high. The difference between the bonus isn't that great from the difference between base. And OP was just asking a question. Why the fuck did WSO give you a star?
Why the fuck did any adcom let someone with your grammar into college? Whether they pay 60k or 70k matters less what they want all-in comp to be. A certain elite boutique was definitely paying people 60k instead of 70k; do you think that means they got shafted or that they just got a bigger bonus?
shafted. thats what i think
shafted. thats what i think at least.
guts wrote: AMZ wrote: ^
^ Retard, bonus at the analyst position isn't that high. The difference between the bonus isn't that great from the difference between base. And OP was just asking a question. Why the fuck did WSO give you a star?
seconded
Thirded! Down with the moderator!
__________________________
if you ain't first, you last
First-year analysts will get
1) 60K is common among MM and
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AMZ wrote: ^ Retard, bonus at
Work hard, play hard.
AnthonyD1982 wrote: 1) 60K is
The Shit wrote: Retard, if
Work hard, play hard.
Classify "to" as a
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Thanks Illini. God, people
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How did Anthony D get -3 for
AnthonyD1982 wrote: God,
Modeling Training
Finance Interviews Guide
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@Anthony: "to" is referring
Nobody has any clue what
Work hard, play hard.
IlliniProgrammer][quote=AMZ
A star does not mean you are
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I had a good friend in
Anthony has offered plenty of