First job out of undergrad. How to make the ask and what should I expect?

The situation: I am a soon to be graduate and have opportunities in investment sales and office leasing at some of the big firms (think CBRE, C&W, JLL, NKF) with top tier teams in NYC.

While I have yet to receive formal offers, I have an idea of what the base compensation would look like and am well aware that any commission or bonus is unlikely during the first year or even possibly the second.

My questions:

  1. Is it possible to live comfortably in NYC on a salary of 40-55 K? Personal experiences/advice here would be appreciated. I know it won't be easy and family support is not an option.

  2. This is a rather situational question and pretty much answers itself... But how do I make the ask at an interview? Go to lines, do's, do nots- anything would be helpful here as i've come to realize that securing a job in this industry isn't as simple as killing the interview and then getting an offer a week later.

  3. Finally, what should I expect during my first year at one of the aforementioned firms? I'm prepared for a struggle and know I will probably get screwed repeatedly. I understand it to be part of the "paying your dues" process, but am more worried about having to little to do and not being an asset to the team.

Sorry for the deluge of questions. There's a lot happening at the moment and I'm beyond excited to see how it turns out. Huge shoutout to all the contributors to this forum- its given me some great insights, advice and laughs.

Cheers

 

Nihil sed fuga vitae. Voluptatem delectus natus modi perferendis ut. Sequi ea dicta neque ut. Nobis eligendi quia et iusto est dignissimos ea.

Delectus soluta culpa perspiciatis ut. Eaque nulla aut repellat nihil minima.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
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...”