Hey All,
What is the base pay + bonus (end of year) on Wall Street these days? Does anyone pay OT? I know things aren't as great as they are in '06 but what is the general sentiment? I've gotten a couple of offers in the 70K range...is that too low? too high? Do people negotiate these things?
Thanks!
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You're probably not in a position to negotiate, so i would stay away from that or you will no longer have offers. Sounds about average for entry level, but it depends on what area and what type of firm. Same with bonus.
Street: 70k base bonus of 80% to 100% of base
Some boutiques and PE shops pay up to 200k all-in for first year comp
If you have multiple offers for the same position, but at different firms, then you can try negotiating. Works out well if you're relatively indifferent between two firms and leverage one offer at the other
Is this PE after 2 - 3 years of IB or PE straight out of undergrad?
These are both IB offers.
200k including bonus? Wow, that is pretty good.
If it's at a bulge bracket firm you won't get a whiff of 200k your first year, closer to 135 to 150k your first year, including bonus and signing/relocation bonus (10k)
70k base + salary is nothing to complain about , tbh
70k (Base) 45-65k (Bonus)
Great info guys, thanks.
Can any of you give insight on how that compares w/ IM/ER? I just had superdays with RaymondJames ER and TRowe IM...I'm thinking PE/HF so I'll probably go the banking route but any color on the compensation there?
Can anyone answer me why the salaries in Wall Street firms are much higher than those of the London firms?
They're not....Typical in London is around £45 which at 1.6 rate is $72k.
My friend in the Tokyo office is getting paid $97k base because of the strong yen.
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