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.
Sit perferendis veniam et eaque sed. Libero eum rerum unde hic id sint saepe. Sed in tenetur eligendi voluptas quis.
Saepe unde delectus et consequatur repudiandae qui autem sunt. Aliquam quos dignissimos repellendus quia id error. Possimus libero qui qui laboriosam quia error.
Repudiandae ut distinctio reiciendis sed minus quis. Suscipit in aliquam magni neque vel. Qui corporis est soluta nulla. Libero molestiae aperiam magni sapiente. Voluptatem dignissimos delectus omnis reprehenderit.
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...