I heard from friends at a couple banks that base for second year analysts is being bumped by $5k to $85k. Did anyone else hear this / can you confirm?
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I heard people are considering it, but nothing has been finalized this early.
It's happening at my bank. $5k isn't that much, but it's nice to see salaries are bouncing back and climbing past 2007 levels finally.
Does this mean lower bonuses?
Is this happening at BB's? How did everyone hear about this?
Just something that was passed onto me by a VP in business development. Not official, but when I asked about the possibility of a raise (jokingly) she mentioned it.
1st year in BB S&T here..got base bumped up to 80k 6 months into my 1st year...so did all the other analysts in the program
so whats going to happen to those in the incoming FT class (Summer 2013)
very curious as well
Doubt the $70k would change. It is already written in the contract and it is way to late for incoming first years to bolt. Second years have more wriggle room in their contracts + more options to leave.
any new developments?
bump
If an extra $5k of pretax base impacts your decision at all, you're fucking retarded. Finance is like a poker tournament - all the money is at the final table, the trick is getting there.
If you've only got the one offer, it doesn't much fucking matter does it? If you're choosing between an $80k gig and an $85k gig, ignore the $5k and go with the team that will be better mentors to you. If you were considering the other job but that extra $5k (which will be like, $3k of pocket change after taxes) has your panties in such a twist that you're going to make a decision over it, call your interviewer at the other place and say "yeah, I liked you guys but I have another opportunity offering me a little more money" maybe they'll offer you more money, maybe they'll explain to you why their opportunity is worth eating the $5k, or maybe they'll tell you to walk. It doesn't much matter, you have nothing to lose by being open with the other team. Worst case scenario they say "well, we're not prepared to give you that, take the other job and best of luck in life."
Those are good points, but it's often not very clear cut what someone's first choice might be. I agree that it shouldn't be the primary factor affecting your decision, but I disagree that it shouldn't be weighed at all.
At the end of the day it's a fairly de minimis difference. I doubt most people will notice the extra $120 in their biweekly paycheck.
w00t, getting my bump to $85k in a week!!!
Your mother must be very proud.
Assuming she grew up on a farm. And is retarded.
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