Another compensation question
Does a first year analyst's compensation really put them in the lower-middle class? More specifically, how comfortably can a first year IBD analyst in New York on a 70k base + 20-40k bonus live? If not as flashy as is portrayed in movies (forgive me), then why do so many people want to break in?
So the compensation really isn't that great?
Relative to the majority of other entry level jobs that college graduates tend to get, yes it definitely is.
And even in general, that compensation puts you into at least the top 5/6 percent of personal income in America.
It can be difficult for living in NYC, since NYC is ridiculously expensive. And you almost definitely aren't in the same personal income top percentile when only looking at only NYC residents. But for the entire country, you are in a very nice position.
Ahh, I get it. Sounds good for entry, unrealistic for someone to plan to be balling out in their early 20's. Thanks.
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