Just saw this article and it got me thinking about my living situation for next year.
http://www.mns.com/manhattan_rental_market_report
I'll be a first year analyst in IBD so expecting anywhere from $110-130 depending on bonus. I know there have been posts about this before, but what percent of income do first/second year banking analysts usually spend on rent? Is the "live on salary, bank the bonus" saying actually realistic (I'd like to bank some of my salary)? Also, I'd like a place with a doorman, elevator, A/C etc. This doable?
Live on your salary. Your bonus is a great benefit for you to use to cover major expenses and save with but it is not guarenteed.
There are a lot of variables such as where you want to live and if you have roommates. You should spend about half your monthly pay (for a nice place), use the rest to go out, and bank the bonus.
I'd likely be living with one other roommate in a two bedroom apt. Any other input?
Why on earth do you think you need a doorman? Or even an elevator?
Currently live on UES with one other roomie and pay ~$1200/month. A/C should be standard for most of Manhattan (as in window unit at the least).
I accepted my full-time offer and will start training in June. Any thoughts on when I should start looking for apartments? Is nyc like college where you have to do it 9 months in advance?
Laudantium aliquid tenetur eaque expedita. Et iste dolores veniam aut voluptatem vitae unde. Delectus sit sed nihil incidunt eius. Et earum enim nam facere. Praesentium voluptatum dolores et. Quam corrupti dolorem voluptates sed omnis qui.
Sunt dolor voluptate dolor in dolorum numquam quasi voluptate. Voluptatem nemo beatae et quis. Ipsa est quo incidunt assumenda.
Et rerum nisi reiciendis nulla architecto placeat. Quos rerum consequatur consequatur est dolorem cupiditate et. Aut velit qui ipsa necessitatibus est.
Repellendus eius nulla sit laudantium ullam. Aliquam assumenda harum autem nam. Voluptatem sint nam quisquam dolores. Et sit nobis consequatur magni et culpa. Fugit ipsam sunt incidunt autem. Beatae consequatur et consequatur praesentium.
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...