Question regarding salary for first year analysts

Hey guys!

My roomate got an offer last week from a boutique investment bank in New York. They have some good deal flow and have about 5 people total. Starting salary is 50k though.. is this unfair? should he bargain for more? he has an offer from JP Morgan that pays 85k (non-investment banking). He really wants to go down banking path, how would you negotiate the offer?

thanks

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