Base salary numbers for this recruitment season (starting FT 2011)?

Just wondering about the analyst and associate interns from this summer who got offers to return to their BB, what is base pay + signing for those starting full time in 2011?

I'd be interested to hear for both New York and London, whichever info you've got.

Somewhat related: on WSO, when you're not logged in it says "sign up and get free access to 2010 salary and recruiter databases!". Where are these databases? (link please)

Thanks!

46 Comments
 
[Comment removed by mod team]
 
whateverittakesBBs in the U.S. pay you the same, regardless of what office you're in. That's a sweet deal for analysts who are in natty res groups in Houston or industrials groups in Chicago.

70 K base, 5 K sign-on, 5 K relo

It's even a sweeter deal in Houston since there is no state income tax (although if you purchase a place, you'll more than make up for it in property taxes).

The FT associate numbers above (100, 40, 10) are in line with the offers I've heard about here at B-School. Some got 5 or 10k additional for early sign-on.

 
[Comment removed by mod team]
 

oh dayum... my BB was cheap... only 2.5K extra. If they given more, I mightve returned. oh well

 
DaCarezibhopeful - are you serious? for 2.5k you'd change banks? might want to get your priorities straight there...

Pre-tax...

 
ibhopeful532Hong Kong (USD$):

70K Base 30K Housing 10K Relocation +1 Air-ticket

Enjoy that - from talking to friends working in Asia, you definitely earn your housing pay (in terms of average hours / week).

 

I hear the taxes in Asia are much lower than in the US (from a friend who summered in HK).. not sure if it evens out for the year though

 
elephant_traderis the bonus only 10k for analysts? I thought analysts get a much bigger bonus offered to them after they complete 1 year

They do. 10K is a signing bonus, year end bonus is probably 20-40K depending on the bank. 2nd year, your base become 80K.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Thanks for the info. is the year end bonus the same for all cities - NYC/Houston/Chicago?

Gekko21
elephant_traderis the bonus only 10k for analysts? I thought analysts get a much bigger bonus offered to them after they complete 1 year

They do. 10K is a signing bonus, year end bonus is probably 20-40K depending on the bank. 2nd year, your base become 80K.

 

How much of the $40K signing bonus do you get to keep after taxes? $20K? Seems fair--the government earned that money, not you.

 

Any ideas as to what the range of year end bonus numbers is for first years...I know it's tied into earnings obviously but I'm talking best case to worst case sceario

 

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