2009 SA offers

abcx's picture
Rank: Monkey | 38

Hi,

Just wanted to compare SA offers. Here's mine:

MBB west coast
$4200 / month
No reloc, no signing, no bonus or anything.

I know bonuses are uncommon for the summer but the base sounds a little low. I was curious if this is par for the current economic state. And if not, any tips on negotiating? Does it make sense to mention a counter-offer albeit in a completely different discipline?

Thanks

Comments (11)

Feb 17, 2009

do you get paid overtime?

John Wikowski

Feb 17, 2009

The written offer doesn't mention overtime...should I ask? I don't want to come off as the fool who is too lazy to work even before starting.

Feb 17, 2009

Base is about right. Standard=1100/wk for bankers.

Feb 17, 2009

The MBB generally pay an EOS sign-on bonus. So just perform well...and lol don't ask about overtime, you'll sound like a moron.

Feb 17, 2009

You don't do your SA for the wonderful comp...you do it for the FT offer, or the the chance to shop around that FT offer to other firms.

Feb 17, 2009

I have not heard of overtime at MBB (have an offer to start in Fall '09).

Feb 17, 2009

To give you a basis for comparison, I believe my offer for a 2008 summer at a west coast MBB was $12,500 (or maybe $12,000?) for 10 weeks.

No bonus/overtime/etc, but I did get a trip out west to apartment hunt, as well as a small advance of my salary in the spring.

Shoot me a PM if you have any questions about the west coast MBB experience... I got to know all of the firms a bit.

Feb 18, 2009

PM sent to ringtailedlemur. Thanks everyone. Good feedback. I'm still going to do it, but just wanted to know where I stood. The FT base salaries in the 2009 FT thread seemed a lot better. Does your SA offer influence your FT base?

Feb 18, 2009

No, as far as I'm aware every incoming FT has the same comp package, regardless of whether you summered there or not.

Feb 18, 2009

What I meant to ask was whether the base next year would be based on the summer salary? i.e., would FT base be $4200 * 12 = ~50k?

Feb 18, 2009
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