Price of IB Analyst Apartment

mjbanker's picture
Rank: Orangutan | 355

What price range of apartments can an IB analyst afford, assuming they have to pay off student loans, and don't have daddy's money to buy an apartment?

Comments (5)

Feb 26, 2020

Man this literally varies by person. "Paying off student loans" is not a lot to go on. You could have $30k in student loans or $200k. You have to do the math for yourself. Assume $85k base ($60k net) and go off of that.

Feb 26, 2020

Assume about 50k (what I'd guess is average from an elite university)

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Feb 26, 2020

The general rule is 40x monthly rent = inimum gross salary needed. So if rent was $2K per month, your income should be at least $80K gross per year.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Feb 26, 2020

Ranging from living at home ($0) to $2800/month from what I have seen. I'm sure someone has paid more.

Feb 26, 2020
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