New Job offered Me Analyst 1 position with Low Salary, Should I be Mad?
I worked at a boutique investment bank in Westport, CT for 2 years. I worked M&A, follow-on, rights offerings, and private placements for companies in technology, real estate, healthcare, industrials, consumer, and energy industries. Deal sizes range from $5-$500M. I just moved to Manhattan for a job at a M&A firm with deals ranging from $50 to $1B. I really took the job because I wanted to move to Manhattan. They offered me the position as an Analyst 1 with a salary of $75K due to the lack of experience I had with VDRs and Capital IQ. I used a lot of PitchBook at my last job. The VDRs and Cap IQ were very easy to learn. I really feel like they are ripping me off and am very pissed. Should I be mad?
I don't see a reason for any reputable banks to pay you below their analyst standard, so not sure what happened there. It's not ideal and we'd need to know details to give advice.
Either way, not worth being mad, just don't take the offer unless you want to.
Take the job and jump ASAP. You shouldn’t be paid less than your worth/market, but you may be able to use it as a stepping stone
Take the job and jump ASAP. You shouldn’t be paid less than your worth/market, but you may be able to use it as a stepping stone
Take the job and jump ASAP. You shouldn’t be paid less than your worth/market, but you may be able to use it as a stepping stone
Yeah sounds like you are getting ripped off. CapIQ and VDR are pretty intuitive and is no reason you should be payed 15k or 25k smaller base and potentially lower bonus. I learned that shit as an intern.
Find a better firm and jump or use the other offer to negotiate a promotion.
Also, don’t go for an analyst 1, you already have 2+ years, apply for an associate role. And don’t put “analyst” title for the new bank you joined on LinkedIn or Resume. Just write “Investment Banking” or “M&A” at XYZ Bank and hope the places you interview don’t ask what your specific title was.
Lol you seriouesly think any banker is retarded enough not to ask when you just put "investment banking"?
Why did you take a job when you were so unhappy with the offer?
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