Underpaid or not?
Here's some background on myself: I am a recent college graduate with three summers worth of financial services internship experience on the buy side and sell side.
I accepted an offer with a buy side asset manager( Upward of 120bn AUM). My position is a junior trader on the equities desk. My base pay is 65k with ~10% bonus in NYC
Being a recent college grad and eager for experience as a trader, I thought did not have much leverage to negotiate my pay with HR. I was wondering if 65k for this position in NYC is close to the industry's average? I ask this because a good friend of mine, who is a recent college grade, is also employed by an Investment manager in an analyst role is making around 20% more than me.
Should I shut up and be grateful for the experience with the hope of promotion in a few years?
yes that would be a good idea. congrats on the role!
Thanks waiter!
Considering sell-side trading starting salary is 85k with bonus of 20-50k , I would consider 65k + 10% bonus underpaid
Do you take risk or are you an execution trader?
Execution trading
Maybe this salary is fitting then. Not sure
Thanks for the response!
Est rerum qui adipisci necessitatibus sint quia optio. Est ut voluptas nostrum repellat sint. Nam omnis libero voluptatibus vero dolorem expedita molestias. Quidem doloremque doloribus voluptatem dolore nihil ipsa vero.
Est tempora nobis excepturi quia ducimus harum modi minus. Vitae consequuntur corporis ab porro et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...