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?

11 Comments
 

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 StiglitzForgive 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 StiglitzForgive 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 StiglitzForgive 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 StiglitzForgive 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 StiglitzForgive 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.
 

yeah risk is middle office, and 55k is pretty close to market for middle office/back office roles. Not sure about the 3+ years part though, but then again its an online listing which are typically never right

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