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I had a friend doing IB Public Finance at a name similar to one you mentioned. He was getting paid the $70k that all IB analysts were getting paid back then. I believe bonus was definitely lower though. I think all in was $85k or $90k.
Not sure if this scaled up to $85k base.
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PFM is paying first year analysts 50k base and you "work" 9-6. Hour break for lunch so you really only put in like 40 hours a week. You make less in PF FA work, but you will have a normal work/life balance. Would you take half the pay to work half the hours? I would. Underwriters obvi make more due to the risk they take in the transaction. PF IB Analysts make base around 70-80k. But you will be working 70-90 hours.
PFM salary is 50K. There is a "signing bonus" of 2K paid after completing training.
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No year end bonus.
Training has been cut down to 5 weeks on site with some webinars after. A good number of analysts leave for banks.
Not really poaching as of late a lot of banks won't hire PFM people because of some legal issues people are trying to figure it
Finance was investment banking, private equity, and hedge funds… and maybe a few other areas like equity research and trading, right?
Anyone able to provide insight on how comp varies if you work at a regional branch (DC, Richmond, Charlotte, etc) rather than NY? And does working away from the corporate headquarters hurt advancement and bonus availability? I'm assuming it's all related to dealflow, so I'm interested to hear how deal flow is effected by working at a regional location.
Pay is the same between all offices of you live in New York, San Fran etc. you will get a living stipend for rent.
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There's something called the MA rule which essentially could prohibit PFM employees from working on PFM clients at banks. And the striped is probably 600 a month and then I'm guessing it is then taxed I have no idea it definitely doesn't offset the standard of living for that salary
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