Typical compensation in Miami
What's a typical or a reasonable compensation (base + bonus) to expect in Miami for an analyst, associate, or VP role (banking, renewable energy finance, PE, or hedge fund)?
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Based on the most helpful WSO content, here’s a breakdown of typical compensation in Miami across various roles and industries:
Private Equity (PE)
Hedge Funds (HF)
Investment Banking (IB)
Renewable Energy Finance
While specific Miami data isn’t highlighted, compensation in this sector often aligns with real estate finance or niche investment roles. For reference: - Post-MBA Associates: $110K-$130K base + bonuses (potentially higher depending on the firm).
These figures represent averages and can vary based on firm size, performance, and specific roles.
Sources: Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, Life at Mega Developers, Private Equity in South Florida, Life in Acquisitions (Analyst/Associate), 2017 Hedge Fund Report: 8 Key Takeaways
Are these recent salary ranges?
Firms in FL/TX will screw you on the base number and repeat the "no income tax" talk track. My PE offer in Miami was ~15% below what I would expect in NY.
incredibly helpful - thank you. Did you end up negotiating your salary from what they offered? If so, how did you think of what range to give? 15% below NYC is what i'm thinking of negotiating up to.
I thought I had significant leverage, but they came back and said the base "is what it is". Used their offer as leverage for another process.
Understood, appreciate it
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