ER salaries outside of ny boston london etc

I'm assuming for associate it would be 40-50K + bonus, and analyst depends on your experience/track record, but probably 60-70 base (at least) plus bonus ending 100K+.

thank you, and yes i mean associate.

^ You're right thats very common, my first post is very modest.

Ya I am expecting total comp to be a min of 50k and I am hoping for 75k. I would love 80-90k. I am trying to figure this out so I have a good idea of what to expect when working with HR to negotiate salary in May. Would it help to know that I have no experience (other than internships) and I am out of undergrad?

Zero experience fresh out of undergrad I would guess total comp $60-$75

Sounds fair. Thank you rj, I really appreciate it. Any other opinions?

If you're any good your comp should climb pretty quickly after the first year. If it doesn't you can jump ship and go to another firm for more pay fairly easily. After they've invested the time and money into getting you trained its easier to pay you more than it is to go out and find someone else, so negotiation becomes a little easier if you think you're underpaid. That being said, if you're not that good or if you are being paid fairly don't be an asshole demanding more money or you could talk your way out of a job.

Ha yea, I am not looking to demand something. I am happy with the opportunity no matter what the pay. I just want to get as much as I can given what the industry norm is. Should I expect comp climbs for 2nd and 3rd year to be similiar to those on the street? Will HR line up these expectations in the begining or do you just settle everything yearly?

ER is very meroticratic, especially at the smaller shops. Last year I made $25k more than a guy my age who started the same time I did, but he only has an undergrad degree and didnt have much relevant experience before coming here so he got off to a pretty slow start. The senior analyst gets paid based on his contribution to the firm, whether thats judged by how much volume is traded in his stocks or some other qualitative method. Your bonus will be much more influenced by your senior analyst, so make sure he likes you. You also want to be as visible as possible to the salesmen and traders, as their opinion of you likely has an impact on your bonus too if its a small shop.

It is at Wells Fargo, but in a small group since it is not in NY.Therefore I am sure impressing the Senior will help. He would not have hired me though if he did not like me, so I consider that a plus right there.

I live in one of the above cities you mentioned above and work for a MM firm based out of NYC. My salary is in the $80-90K range (more than I expected so can't complain) but our firm structure is just Associate ----> Analyst. So most Associates are not straight out of undergrad. Granted, I interned for my first 6 months out of college, then was recently hired on full-time. I would expect a bonus anywhere from 35%-75% of your salary for the first year, depending on your ranking and overall review from your analyst. Once you work through all of your exams (~3-6 months - I did it in 3), start really understanding your coverage universe since your name will appear on the reports. Sales will start calling you once that happens, along with random clients who couldn't get ahold of the analyst. You can always defer to your analyst and that's what you should do if you don't know something, but it always helps to be able to speak with confidence and give as much color as you can on your coverage to sales, clients and your traders.