Houston IB Comp
What’s market for base salary and bonus % in Houston? Currently negotiating an offer and curious what other shops are paying
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OP: I mean market comp for analysts
Exact same salary as NYC: 110k for An1, bonus is dependent on bank and group performance
Street is street
What bank or type of bank is this for?
Same as NYC but when you consider the massively lower COL in Houston, it feels like 1.5x vs. NYC
An associate salary in Houston will afford you a house, a car and a country club membership. In NYC? Paycheck to paycheck
No associate is ponying up $200k+to join ROCC or HCC
Country club membership is a stretch. The base ones have $50k at initiation.
cant afford that with a house and all
young exec / junior memberships do not require $50k up front for Texas country clubs. it's spread out over a number of years via low interest low.
A decent club’s junior membership is $20k+, yes it depends on club code whether this is amortized or not. Best case scenario you’re getting it amortized over X years until you’re a stockholding member at which point you’re going to have to pay the full initiation fee, think that’s at 35 in general. It’s doable for a junior, but not all clubs have juniors and/or accepting them at the moment. All in all club/personal situation dependent but I don’t know any associates with a membership in my group.
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