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Once the An2 bonus hits on Monday I'll have a little over 200k across retirement/cash/brokerage/series i-bonds. Will caveat that I'm in the south so COL is nothing.
That is really imprasive wow… nyc sucks
Yeah don't know how y'all do it.
Do you have any Debt?
about ~13k on my car loan, was fortunate to have scholarships cover school.
~$90k after one year
Think this is standard for people who save well
How is that standard? If you say rent is ~2k a month in NYC and after tax bi-monthly is like 2.4K at 100k salary.. that means if you spend absolutely nothing else you can save like 3k a month? So even at ~30k a year saved of salary (at absolute most), plus the ~28k post-tax average bonus (based on average 50k first year bonus this year).. seems more like 60k if you were REALLY tight with your money. 90k definitely does not seem like the “average” at least this year… Anyway kudos to this guy though
Do you have any debt?
After 3 analyst years, I'm sitting at north of $300K across cash, 401K, and brokerage accounts. Haven't exactly lived frugally either apart from choosing a living situation with cheap rent. Perk of TX banking is the LCOL and no state taxes.
Completely agree - at half of that in nyc and have been very frugal I would say lol
Do you have any debt?
No student loans. Only debt is a car loan at 2.5%. This debt is intentional; I originally had a car that I bought in cash. Realized this didn't make any sense as the car was pretty expensive and I shouldn't have parked all the money there. Switched into another car and this time I took out the biggest and cheapest loan I could find.
After first year bonus saved about ~145 (inclusive of 401k and singing bonus)
Super impressive - presume you will end up with 250 or so post two years
That’s the goal!
How is this even possible? That’s like, most people’s total after-tax pay..
It helps to get a bonus of ~70k post tax. Also maxed out 401k in first 6 month period so that’s how I put away 30k+ there so far
Are you in nyc? Thats crazy saving
No. LCOL city (not in the south), with above street pay
Think FTP
Wtf how are y’all saving that much as Analysts?
Work in Houston.
This is the answer. In my reply up above, I mean it when I say I don’t live frugally. Over the past 3 years, my GF and I have eaten out pretty often. Built myself a sweet gaming rig. Got into guns and got a few nice ones for my collection recently. For my entire analyst stint I drove a nice car. At one point I had two nice cars. TX is paradise.
I’ll caveat though that the key is not only LCOL and TX taxes, but also COVID. My expenses dropped significantly during that period and then all the pandemic-boosted bonuses and base salary raises hit.
Also a lot of MM shops in the Midwest
Probably doesn’t count since I lateraled into analyst from other jobs but NW sitting comfortably north of $400k across the board. LCOL, living with parents during COVID all helped. Eat out all the time but low maintenance besides that.
Made nearly $600k. Saved roughly $400k. 3 years as analyst.
Is that straight out of college?
fuckin savage.
Just wrapped up 2nd year with ~$275k in cash and 401k. Living at home has its downsides but also has its perks.
Would be interesting to hear London views on this.
Managed to save ~£100k (excl. pension) over my 2.5 year stint as an analyst myself.
Saved £200k+. Had some other investments which paid off.
Why are u guys saving this much money and not spending it on drugs, booze and vacations....
The money will come. you'll only be 23 once
That’s going to be my mindset. Already committing to a grueling career path in my 20s while my HS buddies work 9-5s. Might as well live it up a little while still saving along the way.
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