When people reference YOE in comp discussions (such as https://www.wallstreetoasis.com/forum/hedge-fund/…) do they mean YOE at start or end of the year?
I.e. is a first year analyst at a bank 1 YOE or 0 YOE when quoting their TC?
Confused bc they now have 1 YOE, but that comp was given to them for work done with less than 1 YOE, so both options seem reasonable.
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Your YOE is however many years you've had of work experience, as the name implies. If you're a first year analyst who literally just joined... That's 0 years. If you're a first year analyst about to go to An2 then (assuming the bank promotes annually) that's 1YOE... If you're 6 months in that's 0.5 YOE.
It's literally just counting years.
Ok sure that makes sense, so 1 YOE now is a 2021 graduate analyst getting their first full year of pay just now.
Imo it is confusing because when you get an offer and an expected bonus, you quote YOE up to starting. So at the start and end of year your comp is roughly the same, but YOE increases.
All I can say is this is only a problem in your head. When someone quotes expected comp, they'll say that. 99% of people are quoting what they've actually received, not what they expect to get a year from now.
Sure bud, thanks for the help regardless.
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