I'm trying to get a sense of what I'm worth. I've worked at a small equity research boutique in Chicago for 5 years (straight out of undergrad). At this point I'm writing the majority of the research (over 80%) and essentially doing all of the modeling for the companies we cover.
My base salary is $95k, my best bonus has been $56k and a pension of about $25k per year. After reading through a lot of information it looks like a lot of people in their second or third years are making more than I am but I'm guessing they are working in NYC. I know that in the good years my boss (and only senior person) was bringing in over $2m a year. I also work anywhere from 65-85 hours per week.
Thanks!
This is a very dangerous question to try and answer for anyone who knows the answer to your question about comp. And I'm not going to risk my job to comment on it.
That said, the situation where your boss brings in seven figures while you do most of his work doesn't seem all that fair unless you REALLY, REALLY like the person. I think you need to shop around a little. A lot of the prop shops in Chicago need researchers; if you get an offer, sit down with your boss and talk about a raise, using the offer away as leverage.
is there some reason people are afraid to talk about comp? I feel like comp questions are rarely answered here... The IB forum is all about comp....anyways.
5 years in you can probably jump ship to somewhere for better comp. Your boss prob doesnt want you to leave, so yea leverage another offer for a raise.
I'm new to the industry, but that is my take. Can you give a better sense of the size of your shop? It will help people gauge exit ops.
So your total benefits per year are around $150K in Chicago? If you don't have any other advanced degrees I'd say you are doing pretty well. Does your boss own the firm?
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