Suppose one was to be investment banking analyst in New York City.as an
Judging from posts, an average starting analyst seems to earn about
- Base: 70k
- Sign in: 5 - ?
- Bonus: 20 - 30k
(please correct if I'm wrong)
First Year Analyst After-tax Income and Savings
- Question 1: How much income does one actually earn after taxes?
- Question 2: After subtracting cost of living (non-luxurious, sharing rent etc.), how much on average does a starting analyst be able to save up in their bank account?
From Certified Hedge Fund Professional @LTV" shares his budget outline:
I'm aiming to save ~40k 1st year.
- Salary: $70,000
- Sign-on: $10,000
- Bonus: $30,000
- Tax on Salary: $24,500 (@35%)
- Tax on bonus: $16,000 (@40%)
- Rent+Utilities: $18,000 (@$1,500/month)
- Expenses: $13,000 (@$250/week)
Total Savings: $38,500
- All-in Compensation and Taxes for First Year Analyst
- 1st Year Analysts Take Home After Taxes
- Do You Typically Owe Taxes as an Analyst
- What's a Typical Effective Tax Rate for IB Analysts and PE Associates
- Average New York iBankers 1st Year Income After Tax
course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.