IB comp in Seattle and 2nd tier cities?
Hi, any knowledge on what comp is typical for IB analysts/associates in Seattle and similar second-tier cities? Also, are the hours much better than similar work in NYC?
Thanks.
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Just depends on the shop from what I've researched. There are not many firms bigger than regional MM, and pay is usually a lot lower than the Street.
Any ballpark from your research? I assume much lower than NYC but tough to know what that means. Would be looking at a regional MM.
As I am sure you have researched the two main shops are Cascadia Capital and Meridian Capital. Pay is below street. ~60k + bonus. Hours are much much better than in major cities. Most analysts leave before 12 and work on some weekends.
I second this, though I was thinking even a little lower ~50-55k but it is probably up to 60 by now.
can someone clarify brief lists of "first-tier" and "second-tier" cities for ib?
.
It's not that hard to figure out. Look where the best groups/shops are.
Top Tier:
NYC, Chicago, San Fran, LA, Houston (energy) - you could probably make a case for NYC on its own tier
Second Tier:
Charlotte, Minneapolis, Denver, Seattle, Dallas, Philly, Atlanta
No tier (just for laughs):
Jacksonville (DB)
Are Minneapolis and Denver really second-tier? Kinda would have though "just for laughs"...
From my experience. Base and signing are the same as the street. Bonus and hours are lower
gatorfinance - What is a typical signing bonus? Thanks.
10-15. The firm I will be working for (Southeast) offered 12k signing.
Great, thanks everyone.
Minneapolis has a surprisingly robust financial sector. I would place them well above Philadelphia, IMO.
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