What is your definition (or WSO's definition) of shit pay in IB?
Let's start with the Analysts but any one is welcome to share their opinion. What is your "if my bonus isn't this i'm fucking leaving" number? Then what's your "hm I guess I could plow through 80 hour weeks for another year" number?
What all in range is considered shit, what range is average/expected and lastly what range is good?
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Anything under $170 for an1 is shit$170-$210 is good$210+ is great
7 Downvotes? Confused why this is wrong. Seems fairly reasonable
Just saying I worked for less than a year at a place that was paying me $70k base with up to 65% bonus. I just got a new job as an2 making $125 base. Sometimes it’s worth the risk to take the shit pay for the benefit down the road.
I am assuming this was an analyst position at a boutique IB. Was it in NYC? are you from target/semi-target? Last question: what was the process like switching from a boutique to a larger firm?
Usually whatever Citi pays is defined as shit and then everything else is solid or good
Shiti Group
$7.5/hr
helpfull info
What the Canadian boutiques pay
With the exception of Canaccord apparently.
Is Canaccord still considered a boutique?
I think there is not a firm number in mind for me regarding, my "quit on the spot number" but, if you abused me for the last year then that number starts to get higher and higher.
AN1 pay scale is getting so insane that anything under 140k all in is shit at this point imo (for mid bucket). Other guys in my class would argue below 160k is bad but best to keep your expectations low.
I worked at a dog shit boutique for a year on $75k base. They told me my bonus would be 1-2x base. My bonus was $20k lmao. Fuck that place. I immediately started recruiting and now have a much better banking gig. Mind you, this was when all the base raises were happening and my friends were getting paid an extra 40-50k in base. It was so fucking miserable. Total first world problem, but $75k isn’t jack shit in NYC. Would not recommend.
Checks out.
lol canadian boutique investment bankers (analyst and associate) be making under $C130k all-in - that's shit bad enough to make me want to do something else with better hours at least.
Is it standard now for an1s to be getting paid 170-200 all in?
yes
If my bonus is 40 then I’ll hit market base, in that case I’m out
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