Good Starting Salary
Hey,
I was wondering what is a good overall starting salary out of college?
What is a good salary for an entry level position on Wall St.?
Thanks!
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1) 35k+
2) depends on a number of factors, I'm assuming you mean a bulge bracket in NYC, that's probably around 70k
3) I hate you and love you... at the same time.
1) Having a job
2) Being employed on Wall Street
Right now, if you are fussy over starting salary you are a fool. Take whatever job you can get.
1) 50k (If you attend a target)
2) 70k
Anything over 50K entry is worth looking at in this job market. You don't have the luxury to nitpick. However, in tri-state area anything under 50K could be lowballing.
Agree with BTbanker: ~50 and 70, respectively.
Even in mid-40's would be worth looking at - depending on your exp./degree/location/network/age/etc.
50K is the overall starting salary that includes bonus rite?
I'm assuming base since they were saying 70k for the Street. But, generally, if you're base is around 50k, your bonus is probably no more than 10k-Big 4, F500, etc.
Double posted while trying to fix the you're error
my starting salary out of school in 2008 was 38k in NYC. Yeah, that job sucked
Mmm... bout tree fiddeh. Well, someone had to do it...
In just about any city that doesn't cost an arm and a leg to live in (NYC, Chi, Cali cities, etc), 35k will give you a decent lifestyle and let you save a little bit. That's while you're single/just graduated though.
Chi is not nearly as bad as NYC, or even SanFran/LA. You can live here on 35k, but of course you won't be saving anything.
Gotcha, I always thought it was more expensive, of course I had no reason to I guess...
My girlfriend's roommate is teaching first grade. In her first year, she made $35k EBIT and she only worked 9 months and ~7 hour days. Just saying... If you're accepting $35k, you're getting screwed. (Granted, her lifetime earnings potential is much lower.)
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