NY vs CHI MM Comp
Anyone know if CHI base / total comp is the same as NY for MM’s such as Baird/HL/Lincoln etc.? Is base still 175-225 for associates in Chicago or do they adjust for COL?
Anyone know if CHI base / total comp is the same as NY for MM’s such as Baird/HL/Lincoln etc.? Is base still 175-225 for associates in Chicago or do they adjust for COL?
+3,781 | Bank of America - Juniors Strike to start Monday May 6th | 411 | 33m | |
+804 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 11h | |
+535 | This is a dark day for Wall Street. | 44 | 3m | |
+353 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 38 | 8m | |
+183 | How to strike without being fired. | 21 | 5h | |
+182 | Analyst at Bofa FIG-Thoughts | 28 | 10h | |
+169 | Big Layoff at Barclays - 5/1/24 | 88 | 19h | |
+151 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 22 | 27m | |
+137 | BofA List | 34 | 1h | |
+124 | Shame on you, BofA. But also, the industry needs to change. | 17 | 8h |
Career Resources
Broadly, banks do no adjustments for cities/location. The only difference really is sometimes meal stipends can vary slightly for example, one firm I know of has $35 instead of $30 for meals in NY vs Chicago.
The lower cost of living is really a big deal—it’s not unreasonable to say you will save a grand a month in rent and an additional several hundred living in a not NY or SF city. It’s like an additional stub bonus over the course of a year.
Can confirm the 3 firms you listed (and any decent size MM) do not adjust comp based on city. A friend of mine who works at Stephens said they pay the same in Little Rock and NYC.
Guggenheim pays the same as large cap teams in Chicago.
Et quo ducimus asperiores suscipit quisquam nisi. Ullam non qui repudiandae perspiciatis odit laudantium ea placeat. Fugiat quasi maxime et. Veritatis reiciendis est sit voluptatem odit veniam.
Id magni voluptatem facilis. Vitae iusto quasi nesciunt omnis ipsa laborum magni vel. Cumque eveniet nisi cum est est et.
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...