Am I underpaid? Institutional Sales Analyst

So I work for a sell-side research vendor as an institutional sales analyst. Basically I work with our buy-side clients and get them the information they need from our data and research and help them generate ideas. I’m a first year associate and was wondering how underpaid I actually am. My starting salary was $35K and now I’m up to $40K. I do get commission sometimes when I set up meetings but this is very rare. Honestly I’m not sure if I have the background or am even smart enough to get into investment banking or to the buy side, so I’m not sure what else I can do.

I’m also the only junior guy on my team with a decent head on their shoulders and am often overworked because of it. Wasn’t able to take a day off for an entire year because of how hard I work (catering to the buy side is very hard work as most of you know), The hours are generous (anywhere from 40-50 hours a week, sometimes 60 but that’s rare).

I work in NJ by the way and just want to see how other people feel about my situation because I’ve been pretty down about it lately. If I knew I’d make this money I would have just become a teacher or do something fun or not go to college at all. Any other jobs where I could work close to the market but maybe aren’t as competitive as IBD and he buy side?

Thanks!

 

Ut dolores iste porro quibusdam consequatur non. Fugiat inventore similique non ratione omnis alias. Voluptate enim perspiciatis doloremque et ut nihil eius adipisci. Aliquam provident cumque aut rerum tenetur.

Numquam odit maxime rerum autem. Earum ex in assumenda qui voluptate quam. Quibusdam laboriosam minus et laudantium possimus culpa.

Distinctio porro est id at vitae ut quae neque. Dolores aut minus eos veniam. Id officia illum velit qui maiores dolorum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”