n/a
how difficult are three statement models? I understand DCF fairly well, and want to look into TSM more here in the future
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Suggest u rerecruit full time. That’s tough.
You could accept the offer and still look for something better. If you find something better, reneg. If you can’t, the market has spoken.
that said, I find it hard to believe this is an investment banking role.
lol, I wish this wasn't my investment banking offer. Was hoping for 70-80k with 35-50% bonus.
Name and shame. That is absolutely terrible.
A job is better than no job, try to stick there for a bit while recruiting at the same time.
You should rerecruit for ft. However, the law allows for you to get OT so don’t forget to factor that in. Still not good but working IB hours means that will help
Wtf are you talking about
OP is talking about SA role. SA’s are hourly
How I’d handle that brutal offer
Not the above poster, but look at Ohio law. OP will make well under $100k and doesn't fall cleanly into the exempt categories. SAs get overtime because of the same laws
Not great, but honestly an IB job is better than none and I'd assume this is low LMM and not true MM... that and location will put a very big dent in comp. $50k is obviously way under market but I think the $120k all in you put in another comment was pretty unrealistic given these factors.
You may be eligible for overtime with this pay (check before you sign) and will get some bonus but expecting 100% is pretty silly. That is not stated as a percentage for most jobs and only seniors get paid on a percentage of deals.
I would look around until the offer expires, but it's a tough market - would still take this over a random small corp job paying $80k because you can lateral up
Totally see where you are coming from. Although on another forum I saw that Keybanc analyst in Ohio start base around 105. over double my offer. I get that they are different firms, and different circumstances, but truly would be happy with 75 base and 35% bonus.
105 is above some NYC BB base pay - I get you that it's a tough data point though
Keep recruiting, try to extend the offer as long as possible so you can leverage it in interviews, although about 2 months too early for most banks' FT process.
If you're okay with losing the offer, can tell them you were hoping for around 70 (75 is too far away imo, 50% increase is not happening) and ask if there's any room on the base. But if you struggled to land an SA job I wouldn't try and negotiate as they may just pull the offer.
That’s abysmal. Came across a post on here from the nascent days of WSO where base salaries for 1999 were cited…and I think a first year then was at ~ $60K. For banker hours, your offer is a terrible deal. Like other posters said, accept but keep recruiting for FT
I think you would make more money on an hourly basis doing a vocational job…this would be a great offer it were in the 1970s
this bank is the next svb. shame this shit bank.
It’s either Huntington Bank or 5/3
1) are you sure it's a MM?
2) are analyst salaries for the firm comparable on Glassdoor?
3) what's the intern pay?
4) wtf?
This is a true middle market bank or are you being generous with that adjective? 50k is the lowest I’ve ever heard for an investment banking position. Are you ever going to say the name of the bank or you think that HR is our to get you?
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