Curious to hear what people saved during their IB years. (Not including what you had saved going into the job)
Formatting below would keep it straight forward.
Experience: Analyst 1 - Associate 2 (Promoted after 2 years as an analyst) Amount Saved: $250k Location: NY An 1 Base: $110k Comments: Anything that could be relevant (rent, discretionary spending, etc.)
Thanks folks.
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An1 in BB coverage in medium/low cost of living city
Base: $110K
Sign-on: $10K
Bonus: $25K
Including a few paychecks being a second year on $125K base:
401K: $22.5K
Sign-on: $10K
Other savings (not including 5K saved prior to banking): $10K
This is all pre tax-refund.
Probably could have saved a lot more but traveled quite a bit and bought some expensive items I plan to hold onto for a long time ($400 headphones, expensive bags).
Rent + utilities: +/- 2000
Charlotte?
lol
Post tax 75% off my all in comp of a meagre 150 usd
This is a dumb question because people will lie and others have mommy and daddy funds mixed in. The right way to do it is to just calculate a burn and salary and work backwards.
As a general rule:
Follow the above and you will get a real answer for ranges rather than people just lying.
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