SA Compensation at BB PWM equals IBD?

A friend of mine just got a SA position at a BB PWM in NYC, and I'm real happy for him. But the compensation is through the roof! 70k prorated, plus 50% overtime plus 2k for relocation and flight expenses. sounds like a banking internship compensation! is this normal for PWM? Suddenly i feel my banking pay ain't that good a deal...

 

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