Is my all in comp low?
I am a 1st year analyst at an independent research shop working for one of the top revenue generating teams. Though we have an office in NYC, our headquarters is located elsewhere in the Midwest (not CHI)
My base pay is $40K w/ a bonus of what is supposed to be $10-15K 2x per year. My first bonus came in at the lower end of this range.
My question is - how does the compare to other shops? Is this essentially indentured servitude and should I jump ship soon as I pass level 1 CFA?
Jump ship to where lol
Another ER firm, biz school, HF, cattle ranching, etc.
Go for it just make sure you're lining your options up before you leave
Haha - I like it there. Just trying to see if my comp is reasonable. I've seen base of 50-70 +bonus thrown out, so I wasn't sure if I was on the absolute bottom of the barrel here.
So you work in NYC?
Negative. Midwest (not Chi)
You should also take into consideration the fact that $100k in NYC is really equivalent to $60k elsewhere, so don't sweat it. Entry-level positions are more about learning and gaining experience anyway, the real money comes later in life.
Do you work at one of the FTN spinoffs? Cleveland Research, Midwest, Longbow? I'm guessing yes.
It does seem a bit low, but the "revenue generating" component of your argument/position (in favor of mo' dough) is almost meaningless. Presumably if you left tomorrow, they would find someone else to contribute to that rev generating group, and they'd be fine.....
No...you're killing it bro
$100 in NYC is equivalent to $60 elsewhere? that must be an exaggeration...
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