Negotiating a Pre-MBA Offer

I’ve got an offer from an LMM fund in the Midwest for approximately $110k - $130k. It’s worth noting that it’s in a place where the cost of living is significantly lower than NYC/SF/LA/CHI. Is it worth it to try and negotiate up my salary? For reference, I currently work at an investment bank in a different city, where my associate comp next year after completing my analyst contract would be in the low to mid $200ks.

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