1st Year Analyst Salary Negotiation? Is this something people do or not..?

Just received a FT offer top BB.. is pay very standardized or is there room for negotiation? Relocation money? Sign on negotiation? Just curious, obviously very happy with my offer and compensation.

56 Comments
 

Full medical and dental insurance for sure. I would also expect gym membership discounts/deals. Good 401k and retirement management.

 
Beny23

Full medical and dental insurance for sure. I would also expect gym membership discounts/deals. Good 401k and retirement management.

You are an intern in the US. You have no idea about what an analyst with 1 year work ex at a Canadian boutique should get or not get.

OP, sorry, I have no idea, but my post might at least bump your thread :)

 
kinghongkong Beny23:

Full medical and dental insurance for sure. I would also expect gym membership discounts/deals. Good 401k and retirement management.

You are an intern in the US. You have no idea about what an analyst with 1 year work ex at a Canadian boutique should get or not get.

OP, sorry, I have no idea, but my post might at least bump your thread :)

This.

How the hell would an intern know anything about negotiating? WSO would be so much better if random college students would stop giving advice.

 

Agreed, and if you look at his posts it happens quite frequently.

Also, he must of forgot that healthcare in Canada is far different then the U.S.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 
Kiron kinghongkong: Beny23:

Full medical and dental insurance for sure. I would also expect gym membership discounts/deals. Good 401k and retirement management.

You are an intern in the US. You have no idea about what an analyst with 1 year work ex at a Canadian boutique should get or not get.

OP, sorry, I have no idea, but my post might at least bump your thread :)

This.

How the hell would an intern know anything about negotiating? WSO would be so much better if random college students would stop giving advice.

+1

 

Unless you have an ace up your sleeve (I'm not talking grades, SATs, or internships) and actually have something worthy of negotiating over I would graciously and humbly take what is pretty much an industry standard offer - and hope that it is not rescinded.

Take it for all it's worth.
 

Thanks for the comments. I'm definitely going to be careful with any negotiation, and likely will take the offer as it stands. I'm just looking for some advice since this is my first FT position.

Usually, is the relocation included with the signing bonus?

In addition, is there anything I should ask in reviewing my offer?

Thanks again!

 

you have no need to negotiate. it is a good offer and you will look like a douche if you try it. you are easily replaceable...every first year analyst or AC is.

 

Some of MBB break out relocation separately from signing bonus and call them different things but as others have said it's really just a lump sum amount paid out before you start. My offer is 5k signing w/ 7k relocation so you getting 10k signing seems standard and within the range. Consider the time value of money and it's better to have it all up front as signing rather than >50% not disbursed for another 9 months.

You do see fluctuations in these lump sum pre-start payments geographically but you can rest assured that everyone else in your 1st year class at your office got the same offer you did, everyone has amazing credentials. If you have a solid, better offer that you want more than MBB then by all means try to play hardball with them and see what happens. Please report back, would be interesting to hear about their response.

 

Last year I had two offers, one at the consulting firm where I currently work and one doing investment management stuff. The IM place paid more and I asked the consulting firm if they would consider matching my other offer. They didn't but they did up the signing bonus. If something like that happens I would say that negotiating is worth it but as it stands it doesn't sound like you have too much power in this labor market.

 

Bro, don't fuck around and take the offer that you DO have. You are in no position to negotiate, as you have done NOTHING for them yet. You will find out down the road, that often the only way to get an increase in compensation from your current employer is to have another offer in hand. So in the meantime, take what you can get & pat yourself on the back for having an offer.

All the world's indeed a stage, And we are merely players, Performers and portrayers, Each another's audience, Outside the gilded cage - Limelight (1981)
 

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