For the most part, Finance Analysts in IBs start:
55K 5-10K signing XK bonus?
What can I expect to see base salary for 2nd and even 3rd year, assuming I do not get to find a better opportunity year 3. Hopefully someone can shed some light, as most people only focus on the 1st year base pay.
Furthermore, bonuses...I know recently, they might not be so good. How about if the market recovers a little, and is more stable. What has been the bonus trends on average (throughout all groups, if that even matters.)
I have a very small chance of hitting IB because of my GPA. But honestly, I do not think it is right for me anyways (okay, that's my excuse for having a suck ass GPA.) But I am concerned that if I don't go the IB/PE/HF route, what my other options/salaries will look like.
Should I just do accounting? Har! (Finance group is like Corp. Acct anyways yeah?)
Thanks!
finance group is middle office. bonus is probably 0-5k
I'd imagine you'd get a bonus like ops, which would likely be $5k in a good year. Salary would likely rise 5-8% a year. Not bad pay if you aren't living in a really expensive city, but $65-70k all-in for NYC is barely surviving if you have to live in Manhattan.
i work in finance/accounting at a boutique in NYC for a capital markets division - product controller. of all the back/middle office job this group is the highest pay of any of them (operations, risk, corporate accounting) and the most opportunity to learn as you interact with all the groups in the firm.
my annualized all in comp each year was the following:
2005 (5 months): 52K 2006: 60K 2007: 70K
My boss told me to expect to make 80-90 this year after bonus.
If you work at a place like goldman you will probably make significantly more. My pay was 8% raises each year to my base and 20-25% bonus which was the highest % in my group.
I am currently trying to move internally at my company to more of a front office job. If that doesnt happen I will be looking elsewhere and preparing for b-school.
Finance/accounting can be a great a stable career if you enjoy that line of work. Hope this helps.
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