When is it the appropriate time to discuss comp (experienced analyst)?
Posting anon because in a bit of a unique situation. I have a verbal offer from a larger fund to work under a PM that I respect. I have a couple years of experience and went straight to my current fund out of undergrad. Current base salary is ~$100k with a discretionary bonus. Didn't really do any comp negotiation for my current firm, so not familiar with how that process would look.
I'm wondering when the appropriate time to have a more detailed discussion about compensation might be. I've already told them how much I currently make (perhaps a mistake, but whatever) and they told me they would be able to "easily exceed" my current comp. It seems like they're excited about hiring me and called me a "high-potential candidate."
One of my concerns is that I would be moving from a relatively LCOL city to a HCOL city and I'm concerned that any increase in comp will be eaten up by a higher cost of living. I've done some basic research and it seems like the new city will be about 50-60% more expensive.
Another concern is that I do consulting/research on the side (that my current PM is ok with), and the fund I'm going to would like me to stop. I wouldn't normally bring this up or bother with it, but this brings in additional ~$50k per year (so total take-home is ~$150k + bonus) and it's a pretty significant % of my total take-home.
All-in, it looks like I would need approximately $225k base for everything to be equivalent.
For the more experienced users on this board, how would one go about approaching this situation? Am I needlessly worrying? Should I wait until I get the offer and have a discussion then, or is that too late? How much negotiation room do I really have as a junior hire?
I've been very, very cautious thus far as I don't want to seem like I'm being entitled, and the PM I'm going to work for seems like a pretty honorable person, but I can't help but worry. I don't want to seem like I'm being "short-term greedy" at the expense of having a great long-term career under a good mentor, but I also don't want to be quasi-broke for my first year until I get my bonus (which also isn't guaranteed obviously) as I was planning on getting married next year (therefore getting a cheap place to rent and having roommates isn't really an option). My S.O. doesn't work in a particularly lucrative career, so won't be getting much help on that end.