Fair comp for 1st year analyst
I was fortunate to receive a verbal offer from a fund whose strategy is favored in the current market right out of undergrad; however, from my comp with the guys at the fund (was asked about my comp expectation), I'm not sure what to expect/would be fair.
I asked for 1st year banking comp + bonus discretionary to the PM since that would be market rate for 1st year analyst, given the fund is also doing well. However, the PM kind of said that he had to discuss this comp expectation along with the others at the fund and come at something that makes sense economically for them. Did I ask for too much? I don't want/can't afford to lose an offer now since it's pretty much the last choice I have before graduation.
I feel like 85 + bonus is fairly standard and along with my loans/rent payment would be a fair number/expectation. Should I tell them that I would be willing to do 75 plus the same structure? What would be fair/appropriate as next steps here? Thanks
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