Proposed Answer: The pay is atrocious, there is virtually no promotion potential, and the work is not challenging enough.

Is this a good answer? If I was to give one answer, which one is best.

How does the latter affect the former? Relatives and friends tell me most people get their incomes taxed 30% as a generalization. Do you analysts only take home roughly ~70% of your all-in comp?

Are they ways around this being the shrewd, savvy bankers you are?

Good story from Adam Carolla about negotiating with his radio station kroq in the early days of loveline.

tl;dr version: Adam asked for his salary to be doubled. Because he was realistic about his value he knew his company was undervaluing him, and he knew there was a piece of pie there for him.

I'll paraphrase what he said, important points in bold

To his boss: [quote]"I need my money doubled or i'm leaving, nothing personal, just not worth it for me to be here"
-don't make threats, just need to explain to them what's going on

"i like you guys, i like working here, BUT for the amount you're paying me, it's just not worth it"

So I told them you must double my salary or i won't be returning

So this is a random question. But can someone compare these two industries. I have an offer from both and I know i should pick the one I like but as a graduating senior who hasn't worked in either industry before I don't know where to start.

What is the pay like moving up the ladder at these industries.
Which one is safer?
If you were me what would you do?
Anything else you can compare? hours? stress? happiness/fulfillment? money?

Obviously I can just take one if I don't like it try to find another job in the next coming months but I'm just curious.

Both of the offers are at small boutiques.

I have offers from both these, pay is the same, interested in both, not sure if I would be good at S&T but fancy a shot at it. Was wondering peoples opinions on the choice. Also what can senior wealth managers get paid? and if I went into the investments side of the business doesnt that open my doors to Asset Management? I would also like to move to a more central office if I took the S&T offer, what are the chances of me making the switch?

Anyone kind enough to share some data, or comparable data?

For any big city in the US (NYC, Chic, SF etc.)

I've looked on Glassdoor but the data range is pretty wide and not division-specific.

Thanks

c

Can someone tell me about exit opportunities of a small mutual fund. 400millionish aum (5-20 people). They have some good publicity over the past couple of years. I got an offer as an associate but I really would rather work for a larger firm down the run. I'm not sure if I should take the offer or keep looking. I hope to go to top 15 b-school down the line and am studying for my cfa right now. Ultimately I would love to work for a hedge fund or PE. Obviously I probably can't get into a top 10 bschool from a random mutual fund but what path should i pursure to help exit opportunities for bschool.

i know i'm still young but I;m just curious.

also what are normal starting salaries as an associate at a finance firm? How about at boutique firms? (im in la)

How much do they make relative to PE analyst? Is it comparable on a per hour rate?

Do you think not answering salary history questions would preclude an applicant from a job?

?

I recently was given an offer at a BB for prime brokerage and was not told about the pay. How do I ask about this subject politely?

They said they do not normally give out offer sheets until they know the prospect is definitely going to accept.

I've been a member of the site for a while already, and while I have gotten a lot of useful info from here, I haven't really contributed anything so far. I've recently came across this newly published APAC IBD compensation report from a headhunter and feel it may be helpful to fellow Asia-based members here. Summary below and also attached the full report for everyone's reference. One thing to note is that the numbers here are very skewed towards the pay in Hong Kong. Hope you guys will find it helpful!

Total Compensation
Senior MD: 750k – 2m+ (3m*)
Junior MD: 600k – 1.25m (1.9m*)
ED / Director: 450k – 850k (1m*)
VP 3: 400k – 550k (800k*)
VP 2: 350k – 500k
VP 1: 250k – 450k
Associate 3: 250k – 350k (425k*)
Associate 2: 225k – 300k
Associate 1: 200k – 250k

Does anyone know the starting salary of an associate at ZS? I've seen 60K on managementconsulted, but I've also heard 70K and 55K from friends that I know.

How about the salary of associate consultant? consultant? manager? principal?

Just trying to get the big picture as I'm deciding between a few offers.

I have a stint, not an SA gig, at a BB coming up, and I was wondering what to wear?

What color suit, shirt, shoes, tie?

If you think of anything else that's beneficial, please include that too!

Please help me out, and thanks in advance

Got an offer recently still waiting for specifics but does anyone know the starting compensation and progression for this Program located In NYC. Also is this considered Middle office? Any other specific information would be helpful.

Thanks

I have looked at WSO comp DB and researched online earlier. The little info that's available on comp in senior roles (associate,VP,MD) seems to be outdated. I'm not sure how much is true anymore.

I think it will be an useful discussion for everyone to know the compensation at associate and above levels, as most info is only on analyst pay.

On average what's the street pay today for associate and VP?

Here's what I've been thinking.

Year All in comp (middle bucket)
Assoc-1 180
Assoc-2 220
Assoc-3 250
Assoc-4 300
VP-1 350
VP-2 400
VP-3 450
Director/MD ???

Am I too far off?

I'm not in IB. anybody working can you pour your thoughts on compensation.

Let's say you are newly hired MBA graduates of MBB with a salary of $135,000 in USA, and after one year of work at MBB, you decided to move to your MBB office in Europe (Paris or Berline for example). My question is: will your salary in the new Europe office be the same/equivalent as the original $135,000 in euro, or will this figure now be based on the "local rate" which are significantly much lower than the salaries of North America counterparts? It does seem like that the starting salary for MBB out of MBA in Europe is much lower than that of USA, so yeah...anybody has experience before?

If the company that you are applying for or the HR asks you how much you make, do you have to tell the truth? do they have a way to find out?

Hey All,

I would like to get a discussion going on the true value of Middle Office Careers specifically Finance (Treasury, Strategy,Product Control), and Risk Management at a BB. Some people prefer these types of roles and honestly, Its the best they can get (non-target). Just want to get some insight on the Pay progression, Career ops, and B-School prospects as they are usually discussed briefly and much of the data is dated.

I know analysts usually start at 65-70k, 10k sign-on, and 5-20% bonus

Can They achieve 250k all-in at the VP Level?

Top 15 B School?

Relatively Safe Job Security?

What are the salaries for analysts at mutual funds. Entry level positions please. More boutique companies that have 1 or 2 funds they manage. West Coast vs East Coast

250mil AUM
500mil AUM
1B AUM
5B AUM
>

In terms of base, signing bonus, and y/e bonus, how is it turning out this year at the BB's?

At firms such as the MBB, Accenture, ZS, etc..

Is it similar throughout like Wall Street? (70,000+ 10,000 singing)

For those in SI&T, how much of a raise in percentage did you get during promotion? and what was your rating (e.g. consistent with, above, etc.) And do you happen to know the range of percentages during promotion?

Thanks!

Hey guys,

Just wanted a quick opinion on whether I'm underpaid or not. Would you say a base salary of 60-65k + 25% bonus is reasonable for an first year / second year analyst position is reasonable? I have one year unrelated experience + about a half year at my current VC boutique. I'm working around 60 hours a week and keep in mind this is a small fund and in a 2nd/3rd tier city (think similar to Cleveland/Indianapolis/Milwaukee).

I feel a total disconnect between what I think people earn and the salaries I see posted. For example, I just came across a post for a Risk Analyst at an "International Bank" in NYC. 3+ yrs of banking experience required (I think this just means working middle office at a bank), BA/BS in maths/stats, and CFA/FRM preferred. Salary: $55k. The job was posted on efinancialcareers.com.

This just seems to me to be extremely low. But in general I am shocked at salaries these days. Is it just me?

Does anyone know the base pay and signing bonus for the FAP Commercial banking program?

I got a semi-offer from HR for a business development analyst role at a large financial services / tech firm in NYC. The HR contact basically asked me what compensation I am expecting in order to accept the role. I only said what my recent compensation at banking is and that I expect the offer to be competitive with my qualifications. They kept pushing and indicating that they can't pay the high bonuses that investment banks do, so I said I would have to get back to them.

I have two questions:
1) What is the average range of salary and bonus for such a role for a person with 2 years experience? Glassdoor is down at the moment...

I have been in the application process for a major company and gone through some of their rounds. I am at the point now where they do ask me to disclose my salary. However, my salary right now is pretty low and I dont want: 1.) Them to think I am not good because I dont earn much, 2.) Give them the idea they can pay me less than other people just because I dont earn much now. I dont want to be annoying by not disclosing this information, but actually I think it is none of their business, so what should I do? I REALLY WANT THE JOB. Another consideration/idea I have is that I wonder if they will ever really ask for documentation, as in salary overviews or whatever!

my friend wants to compare her EY tax FSO offer in a city like Bos/SF/Chi. Does anyone know the average starting salary there?