Am I getting screwed? Offer Advice

I have fortunately secured two offers. One in IB and the other at a data supplier (FactSet/Bloomberg type place). I prefer the IB job role and will certainly learn more useful skills in the long run but for some obscure reason the comp and benefits for the IB is significantly worse, so much so that I am now having to choose between a job I have no interest in (and won't give me skills/future ops) or between a job with terrible pay and benefits (holiday days etc). What would you do? 

Comments (7)

 
  • Intern in IB-M&A
Feb 19, 2021 - 5:55am

Just an intern but ask yourself whether the pay is worth doing a job you don't like or can't see yourself in.
We are young, so if you can invest in your human capital in IB even if you take a pay cut now, then you should consider that.

After all, you could still lateral to another bank later on with a more relevant prior experience and skill set if you start in IB.

 
  • Investment Manager in HF - Other
Feb 19, 2021 - 7:05am

It's a bit strange that the IB job has terrible pay, etc. Can you elaborate on that? All reputable banks that I know of have relatively standard pay (slight deviations in base and bonus with a few outliers), so something seems off. Usually a firm that significantly underpays like that has other issues and you may not be getting a good experience there. The upside is that it is relevant to what you want to do, so it will keep doors open for laterals, but I would be pretty concerned. 

 
  • Intern in IB-M&A
Feb 19, 2021 - 8:38am

Thanks for response. Yes so basically its an 18 month programme on this pay/benefits before they have the option to promote you to an actual analyst level. It's not a gurantee though that they will progress you. I'll be the analyst on the team and all the responsibilities/tasks will be of a typical analyst, which is why I feel I'm being played a little. 

Start Discussion

Popular Content See all

LETS FKING GO BOYS
+133IBby Intern in Corporate Finance">Intern in CorpFin
You Did it Citi
+120OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
HELP: Sticky Situation with Boss
+108OFFby 2nd Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 2 in IB-M&A
Idgaf anymore
+30IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
Anyone else just want out of this shit?
+28IBby 2nd Year Analyst in Investment Banking - Generalist">Analyst 2 in IB - Gen
Evercore Target Schools?
+26BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
To Snitch or not to Snitch?
+19OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind

Total Avg Compensation

March 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (162) $231
  • 2nd Year Analyst (97) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (370) $131
  • Intern/Summer Analyst (306) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.8
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
Edifice's picture
Edifice
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
bolo up's picture
bolo up
97.5