How do you budget your analyst salary?
Hey guys,
I was wondering how you budget your monthly salary. I plan on sending my family some money and also growing my savings so I’d love to hear how you budget yours?
Trending Content - Investment Banking Forum
| +150 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 19 | 2h |
| +120 | Is pay at BofA really that bad? | 60 | 7h |
| +97 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 18 | 1h |
| +88 | Day at Macquarie | 12 | 7h |
| +44 | Is the life of a VP at a 'top-bank' really good? | 15 | 3d |
| +44 | How bad did I mess up | 10 | 13h |
| +31 | Misrepresented Houston IB | 14 | 18h |
| +29 | Law school instead of MBA for RX Banking | 6 | 11h |
| +29 | No BB RO 2026 | 10 | 2d |
| +28 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 3h |
Career Resources
So this honestly depends on taxes and location (i.e. rent and living expenses such as food) but I would spend about 70-80% of the disposable income on rent, food and transportation. I should mention that this is base salary. I would then divide 10,000 between paying off loans, saving up, and sending money to your family. After your first year when you get your bonus, it should make it easier to spend money on fun like bars and clubs.
Are bonuses taxed just like the base?
Veritatis iusto aperiam possimus doloremque aut nam qui odit. Aspernatur sint aperiam quia minima. Impedit doloremque et veniam quos accusamus. Ad sed assumenda maiores at sed facere ut non.
Est similique ipsam commodi nam. Fugiat omnis quas et pariatur nesciunt veniam. Ipsam aut quia molestiae aut ullam voluptatem ut. Perspiciatis quia in provident. Inventore quia iusto deserunt dolor id consequuntur.
Enim est consequatur rerum quia. Modi esse eius dolorem autem alias quam esse. Magni nihil quia quaerat. Laudantium molestiae sunt eaque laborum et. Tenetur dolorem quia sint culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...