So it's 85K base for the first year, what about 2nd year Salary?
Does anyone know what base salaries will be for second years? I hope it's more than 90K!
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What I've heard from a number of people is 85 / 90 / 95, but as an associate I cannot confirm first hand
http://www.wallstreetoasis.com/forums/2015-analyst-salary-bump-megathre…
It's going to be 90 most likely, but it's also overall comp neutral, so it doesn't really matter.
Of course it matters. I'd rather have a $120k salary than $70k base + $50k bonus
I prefer to get it lump sum, because if it was baked into my base I'd allow it to be used for my spending. When it's a lump sum I'm much more likely to save it. Personal preference I guess.
Higher base is objectively better because of the lower uncertainty...in your scenario, for reasons outside your control your lump sum could be significantly lower than you'd expect.
Fair point
We have some risk averse cats in this thread! As you become more seasoned you will be less concerned with incremental adjustments to your base and more interested in your ability to earn a higher payout (i.e., bonus). I suspect all-in compensation won't budge much at the junior level, so that is good for those who are most likely to underperform vs. their peers.
Don't think it's just about risk aversion. It also makes financial sense for most of us to have a higher base due to taxation of base vs bonus
Understood. But the effect isn't as material as some are making it out to be. I know it's tempting to sweat over a few K when you're young, but focus more on the experience. At the most junior levels, the experience is what brings the most return. Good luck guys/gals.
401k matching as well
If you are wise and max your 401K contributions, then employer match won't be affected by the increase in base salary.
401k matching as well
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