How bad did they F**K me?

Based on the most helpful WSO content, here's the breakdown:

1. Base Salary of $115k: For an Equity Sales Trader in NYC, $115k base is on the lower end, especially considering your 3 years of S&T experience and a Master in Finance. Entry-level roles in Fixed Income Sales and Trading average around $120k out of undergrad, so with your background, you could have aimed higher. However, the promise of a salary review after 6 months and obtaining licenses could be a silver lining—just ensure this is documented in your offer.

2. Bonus Expectations: In S&T, bonuses play a significant role in total compensation. For your level, an "ok-ish" bonus could range from 20%-50% of your base salary, depending on performance and firm profitability. At higher levels, bonuses often surpass base salaries, but for now, aim for at least 20%-30% as a reasonable benchmark.

3. Rent in NJ: If you're planning to live in New Jersey, rent will be significantly cheaper than NYC. For example:

   • A decent 1-bedroom apartment in NYC can cost around $4k/month, which is about 10% of pre-tax income for someone earning $400k annually.
   • In NJ, you can find 1-bedroom apartments for $1,500-$2,500/month, depending on proximity to NYC and amenities. This could save you a substantial amount while still allowing for a manageable commute.

Advice: While the offer isn't stellar, it’s not catastrophic. Use the 6-month review as leverage to prove your value and negotiate a better package. In the meantime, focus on obtaining your licenses and excelling in your role to strengthen your position.

Sources: What is your compensation in Real Estate Finance?, Millionaire by 30, Millionaire by 30, Fixed Income Sales and Trading 101, NYC is Paradise