IB Analyst Offer - Should I Stay or Should I Go?
Hi Monkeys,
I will try to be as detailed as possible with this post.
A bit of background on me, I am 26 years old based in NYC. I previously worked for 2 boutiques in the past - one of which went insolvent, and the other opted not to extend me past 1 year. I now work in risk management at a lending company making ~63k per year plus fringe benefits, health insurance being the primary focus here as I now need to pay into healthcare. I absolutely abhor my job in every sense of the word - it is boring, monotonous, and upward mobility/exit opportunities are nonexistent. I have been in this role for 2 years now and was planning to go to business school next year - I have been accepted at a top school in the UK with a deferment into 2021 entry
I have received an offer from a boutique investment bank (think H.C. Wainwright, Maxim) with a salary going up to 75k, I would be coming in an as analyst 1. Naturally, this would be something I would have been jumping up and down for, but when looking at the breakdown of their health insurance package (see below) this is absolutely a cause for concern:
Monthly Cost/Per Paycheck Premium (Platinum):
$1,051.92/292.47 - no deductible, but a $40 copay for doctor's visits $80 for a specialist's visit
Monthly Cost/Per Paycheck Premium (Gold):
$1,051.92/292.47, $1000 deductible, $30 copay for doctor's visits, $60 for a specialists's visit.
The premiums seem absolutely outlandish for the compensation they are offering and would effectively cause me to net less than what I am making now. I am here seeking any advice. Should I try to negotiate to like 85k base on the premise of the benefits are too expensive? Keep in mind I am willing to walk away from this, but ideally, I would want to make a move. It's also worth noting the bank seemed very eager to hire me.
Please feel free to add input, I'm happy to provide any additional detail if needed
lmao
I didn't read it's too long
TLDR: Guy has shitty job. Land A1 at boutique. Health insurance costs ~ 1300 is making him rethink his career.
Thanks for that. My recommendation is to stop being sick/weak. Then you can stop paying health insurance and save 1300 per month. Hope it helps!
Then what's the point of commenting? People like you are actually so annoying.
I live for one thing only and that is Banana Points.
Get a high deductible plan if available
These are the only two plans available
Opt out and go private insurance?
Just a disclaimer that i’m younger than you and to not heed my word as law. But this sounds like a crappy deal. I would say get your ass to b school and work towards a job you actually like from there, not go back 4 years to become an underpaid 1st yr analyst worked to the bone.
Shitty shops are always going to be shitty.
Cumque optio voluptas odio repudiandae sunt. Placeat voluptatibus distinctio accusamus. Minima odio numquam expedita et id pariatur aut.
Explicabo quisquam molestias repellat nihil. Officia maiores corporis qui quod occaecati qui vel est. Voluptas et inventore veniam voluptatibus pariatur.
Sed vero atque doloremque qui. Maxime sint deleniti esse ducimus ipsa commodi odit. Sit necessitatibus expedita reprehenderit quod distinctio.
Doloremque qui perferendis exercitationem vitae est aut. Minima eius fugit animi voluptatem deserunt consequatur. Iste ducimus maxime molestiae. Quia laboriosam qui consequuntur reiciendis esse quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...