I was just wondering how I should look at compensation in deciding between offers. I used to think banking was all about the moolah but realized it's more about your exit opps and learning experience. However, what if the base salary was 30k in difference?
Would you choose a top BB (60k) or top MM (90k)? Unless the firms are really low-balling you, would you ignore the comp?
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90K...? That is ridiculous haha
But I think the fact that they pay you more means they value you more right? They usually only pay more to reserve talent. So perhaps I would go with 90K
I don't think your scenario makes much sense. In 2009 all BB's are 70k. What boutique pays 100k? Its pretty impossible to get "lowballed" since banks are very structured in 1st year analyst base salaries.
However, I personally think a 70k base is important as being paid 60k by a boutique seems a bit....underhanded.
More importantly though is definitely the group you are in, the team/culture, and the exit ops.
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