IB Analyst Offer - Should I Stay or Should I Go?
Hi Monkeys,
I will try to be as detailed as possible with this post.
A bit of background on me, I am 26 years old based in NYC. I previously worked for 2 boutiques in the past - one of which went insolvent, and the other opted not to extend me past 1 year. I now work in risk management at a lending company making ~63k per year plus fringe benefits, health insurance being the primary focus here as I now need to pay into healthcare. I absolutely abhor my job in every sense of the word - it is boring, monotonous, and upward mobility/exit opportunities are nonexistent. I have been in this role for 2 years now and was planning to go to business school next year - I have been accepted at a top school in the UK with a deferment into 2021 entry
I have received an offer from a boutique investment bank (think H.C. Wainwright, Maxim) with a salary going up to 75k, I would be coming in an as analyst 1. Naturally, this would be something I would have been jumping up and down for, but when looking at the breakdown of their health insurance package (see below) this is absolutely a cause for concern:
Monthly Cost/Per Paycheck Premium (Platinum):
$1,051.92/292.47 - no deductible, but a $40 copay for doctor's visits $80 for a specialist's visit
Monthly Cost/Per Paycheck Premium (Gold):
$1,051.92/292.47, $1000 deductible, $30 copay for doctor's visits, $60 for a specialists's visit.
The premiums seem absolutely outlandish for the compensation they are offering and would effectively cause me to net less than what I am making now. I am here seeking any advice. Should I try to negotiate to like 85k base on the premise of the benefits are too expensive? Keep in mind I am willing to walk away from this, but ideally, I would want to make a move. It's also worth noting the bank seemed very eager to hire me.
Please feel free to add input, I'm happy to provide any additional detail if needed
lmao
I didn't read it's too long
TLDR: Guy has shitty job. Land A1 at boutique. Health insurance costs ~ 1300 is making him rethink his career.
Thanks for that. My recommendation is to stop being sick/weak. Then you can stop paying health insurance and save 1300 per month. Hope it helps!
Then what's the point of commenting? People like you are actually so annoying.
I live for one thing only and that is Banana Points.
Get a high deductible plan if available
These are the only two plans available
Opt out and go private insurance?
Just a disclaimer that i’m younger than you and to not heed my word as law. But this sounds like a crappy deal. I would say get your ass to b school and work towards a job you actually like from there, not go back 4 years to become an underpaid 1st yr analyst worked to the bone.
Shitty shops are always going to be shitty.
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