Compensation Negotiation - Pay Parity for Cupertino, CA?

On my throw away account again - What's a fair logic for determining pay parity to relocate to Cupertino, CA? Wasn't expecting to discuss salary on the first call I had with a corporate recruiter and they actually went into great detail on the compensation package. However, they are claiming they only consider difference in housing costs to establish pay parity and drive salary discussion. Not sure I agree with this as I haven't done my reseach yet.

Anyone living in or commuting to Cupertino that can chime in? Anyone that relocated there from a lower COL area?

2 Comments
 

So digging in now I think I have figured out why I got such a bad feeling from the discussion I had with this recruiter and the numbers they were trying to push on me. I need to compensate for an additional 8% state income tax, since I don't have any state tax where I am now. Regarding the increase to compensate for housing costs, she was figuring pre-tax dollars. This needs to be calculated as an after tax total value - do you pay your housing costs with pre-tax dollars? No.

So when I run my numbers, just accounting for state tax and housing, I need to get a bump of 45% to make parity. Crazy shit.

What else should I be considering?

 

Rerum pariatur aut qui omnis eius nihil aperiam. Accusantium consequatur reiciendis blanditiis ipsam quia. Rerum deleniti veritatis laudantium natus. Alias a natus iste sit. Laborum illo a iure minus.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Goldman Sachs 01 97.8%
  • Guggenheim Partners No 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (81) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”