Savings cushion as first year
When starting out as a first year analyst, or when you were a first year analyst, did you have a level (absolute or percentage) that you aimed to have saved in your bank acc?
Trending Content - Investment Banking Forum
| +169 | Worlds Worst MDs Competition (2026 Edition) | 31 | 4h |
| +163 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 2d |
| +151 | Who Killed Wall Street | 43 | 3h |
| +103 | Lindsay Clancy - Thoughts from A2 | 21 | 1d |
| +94 | Day at Macquarie | 12 | 3d |
| +53 | How bad did I mess up | 10 | 3d |
| +42 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 20 | 5h |
| +38 | Misrepresented Houston IB | 14 | 3d |
| +33 | How bad is leaving after a few months | 11 | 2h |
| +29 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 2d |
Career Resources
I would aim to have about $10-15k in my checking account before bonuses are paid out in a year, which works out to around 10-15% of your pre-tax base salary. Most of my friends also tried to max out their 401k contribution ($19.5k I believe).
So you mean they tried to max out their 401k in addition to the 10-15k saved in checking?
I try to invest about 75% of my levered cash flow (post tax / rent) on cigs, nose bangers, and suck downs for the boys. The rest is spent on a combo of food, tinder gold, and V bucks. Planning on ripping my next bonus on new sleds and diamond stud nip piercing for my gf (she is going for a more modern goth chic vibe these days). Lmk if any questions.
Ea et ut quidem ad. Dolores delectus quas velit consectetur dolor. Cumque facere ut provident rerum eum. Sunt fugit omnis non aut.
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...