Just created this account to remain anonymous.
I recently graduated from a target in UK and wanted to return home (Switzerland). I have been networking ferociously here to break into IB or PE. After a life draining process, I have been offered an analyst position at a PE firm here. They usually take 3-7 analysts each year and have a quite dedicated set up. Its a 24 months contract. My first year will be in Switzerland and second, in one of the Nordic countries.
However, the contract they offered me is quite unique, for me per se; and I need people with more knowledge to help me make sense of it. They are paying me AFTER TAX in the range of $80K-$95K, out of which $55K-$65K will be paid out in cash. They will be using the remaining amount to give me accommodation in a 5-star hotel or the company provided housing (which will be equivalent to a 5-star hotel) for the next 2 year. Lastly, there won't be any bonus for the first 2 years and no increase in base salary in year 2.
In short; total comp (AFTER TAX)- $80K-$95K; which will broken down into:
(1) I was born and raised in a different city compared to the office
(2) Hours are similar/ same as your typical BB
(3) I really like the culture and got along with everyone I met
(4) 60-70% analysts are asked to stay on after 2 years
In general, what do you think?
Even though, I am not planning on moving to NY/ London in near future, how would you compare the comp package only? (excluding the prestige, experience, exits etc)