What's the problem with pay?

I feel a total disconnect between what I think people earn and the salaries I see posted. For example, I just came across a post for a Risk Analyst at an "International Bank" in NYC. 3+ yrs of banking experience required (I think this just means working middle office at a bank), BA/BS in maths/stats, and CFA/FRM preferred. Salary: $55k. The job was posted on efinancialcareers.com.

This just seems to me to be extremely low. But in general I am shocked at salaries these days. Is it just me?

 

Forgive me if this comes off as dumb, but when I see Risk Anaylst, my initial thoughts are MO/BO work, and thus Im not too surprised at the salary. Yes its low considering you need 3 yrs experience, but being a MO/BO would be significantly lower than FO work, no?

Again, I could completely wrong with my assumption.

Hugo
 
Hugo Stiglitz:
Forgive me if this comes off as dumb, but when I see Risk Anaylst, my initial thoughts are MO/BO work, and thus Im not too surprised at the salary. Yes its low considering you need 3 yrs experience, but being a MO/BO would be significantly lower than FO work, no?

Again, I could completely wrong with my assumption.

You're correct. Risk is MO, and the salaries severely reflect that. For some reason, OP thinks all jobs on Wall Street pay a high base and ridiculous bonus.
 
BTbanker:
Hugo Stiglitz:
Forgive me if this comes off as dumb, but when I see Risk Anaylst, my initial thoughts are MO/BO work, and thus Im not too surprised at the salary. Yes its low considering you need 3 yrs experience, but being a MO/BO would be significantly lower than FO work, no?

Again, I could completely wrong with my assumption.

You're correct. Risk is MO, and the salaries severely reflect that. For some reason, OP thinks all jobs on Wall Street pay a high base and ridiculous bonus.

OP is entirely aware of the differences between FO and MO. But OP is just incredulous at pay these days. Not just this listing, but in general. OP cannot get FO.

 
papeete:
BTbanker:
Hugo Stiglitz:
Forgive me if this comes off as dumb, but when I see Risk Anaylst, my initial thoughts are MO/BO work, and thus Im not too surprised at the salary. Yes its low considering you need 3 yrs experience, but being a MO/BO would be significantly lower than FO work, no?

Again, I could completely wrong with my assumption.

You're correct. Risk is MO, and the salaries severely reflect that. For some reason, OP thinks all jobs on Wall Street pay a high base and ridiculous bonus.

OP is entirely aware of the differences between FO and MO. But OP is just incredulous at pay these days. Not just this listing, but in general. OP cannot get FO.

HA. OP can get FO if OP try harder, JK LOL.
 
BTbanker:
papeete:
BTbanker:
Hugo Stiglitz:
Forgive me if this comes off as dumb, but when I see Risk Anaylst, my initial thoughts are MO/BO work, and thus Im not too surprised at the salary. Yes its low considering you need 3 yrs experience, but being a MO/BO would be significantly lower than FO work, no?

Again, I could completely wrong with my assumption.

You're correct. Risk is MO, and the salaries severely reflect that. For some reason, OP thinks all jobs on Wall Street pay a high base and ridiculous bonus.

OP is entirely aware of the differences between FO and MO. But OP is just incredulous at pay these days. Not just this listing, but in general. OP cannot get FO.

HA. OP can get FO if OP try harder, JK LOL.

Thanks BTbanker. OP is too old for FO. by the way, are you employed?

 
Best Response
papeete:
BTbanker:
papeete:
BTbanker:
Hugo Stiglitz:
Forgive me if this comes off as dumb, but when I see Risk Anaylst, my initial thoughts are MO/BO work, and thus Im not too surprised at the salary. Yes its low considering you need 3 yrs experience, but being a MO/BO would be significantly lower than FO work, no?

Again, I could completely wrong with my assumption.

You're correct. Risk is MO, and the salaries severely reflect that. For some reason, OP thinks all jobs on Wall Street pay a high base and ridiculous bonus.

OP is entirely aware of the differences between FO and MO. But OP is just incredulous at pay these days. Not just this listing, but in general. OP cannot get FO.

HA. OP can get FO if OP try harder, JK LOL.

Thanks BTbanker. OP is too old for FO. by the way, are you employed?

Nope. College student with banking internships.
 

If you need help with getting back your money from a broker, contact hacker cybervenom6. He helped me along with friends and family that was referred to him, reach him via email at Cybervenom6 AT gmail DOT com. You can contact him for anything

 

If you need help with getting back your money from a broker, contact hacker cybervenom6. He helped me along with friends and family that was referred to him, reach him via email at Cybervenom6 AT gmail DOT com. You can contact him for anything

 

Unde sint voluptas sunt dolores eveniet labore quasi. Ut qui ipsum qui eveniet a quia quisquam.

Distinctio sit quod corporis fuga. Vel maxime deleniti perferendis saepe. At voluptatum aliquam consequatur quisquam maxime omnis quae doloribus. Delectus temporibus repellat quia velit vel commodi quibusdam laborum. A et deleniti rerum rem. Tenetur possimus quo quas sint sit. Sunt cumque excepturi aut doloribus est quis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”