Underpaid?
Making 70k base at a GSE lender shop. Am I being underpaid as a 1st year? Working in NYC as an analyst on the FHA underwriting team.
Should I negotiate?
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Following because literally in an identical role lol. 1st year analyst in NYC making $70k in underwriting.
I did agency lending for a year before IB. You guys are only a little underpaid for NYC. Agency lending is not a super high paying business (at least at the junior level), people at debt funds, REPE funds, certain REITs/operators will generally make more on average.
I tried negotiating after 6 months at my agency lending job ($45k base several years ago in LCOL city) and it went nowhere. Your company likely has tons of analysts so they can’t give you a $10k raise without giving everyone a $10k raise.
I would try to land in a higher paying role elsewhere if making more money is a priority
Appreciate the insight. I work in underwriting at a LIHTC syndicator. Next month will mark a year that I've been there. I like everything about it so far and the business has definitely been picking up, just looking to get paid more. I plan on negotiating and getting my salary up to $85k-$90k. Feel like it's not a huge ask in this market and considering how much more expensive it's gotten within just the year that I've lived here.
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