Comments (13)

Jul 26, 2006

My sign on bonus at a BB was 10k, but after taxes it ended up closer to 6k.

Jul 26, 2006

What does BB and MM stand for? I have always been wondering and hope someone can enlighten me...

Anyways, that's about right. I've got a friend who was offered 10k at Barclays Capital, and another friend at Goldman who was offered 10k as well. Hope these info is of help to you guys.

Jul 26, 2006

BB = Bulge Bracket
MM = Middle Market

Jul 27, 2006

Yeah, 10k seems to be the going rate right now...not too shabby at all.

Aug 4, 2006

5K but in Houston with an energy boutique

Aug 4, 2006

10k sign on will get taxed over 40%, leaving you with around 6K. Lets say you find an apartment for 1500 (that's being EXTREMELY conservative in NY). Broker fees - 2700, first/last month rent + security deposit = 4500

=7200. Congrats, you're already 1200 in the hole and you haven't worked a day. Might as well learn to grab your ankles before you even begin...

Aug 25, 2006

so true

Aug 29, 2006

who da heck pays broker fees?

Aug 31, 2006

Yes, 10k at Citi.

Aug 31, 2006

15k if you sign on early at Citi

Sep 1, 2006

NYC has less than 1% vacancy, and a bunch of residential buildings have standing relationships with brokers and won't even rent to you unless you go through one. Sure, you can double back and rent an apartment that a broker just showed you, but don't be surprised if you have crazy glue in your locks every day and the doorman mistakenly loses your packages, dry cleaning, etc...

Sep 1, 2006
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