Have heard the number 44% thrown around when talking about taxes that get taken out of NYC employee salaries in finance. For a starting IB analyst expecting to make around $120-$180k all in for the first 2-3 years, is this really reasonable, even if you do include federal, state, city, SS and the like? That just sounds out of this world and I'd be pretty much breaking even after 401k contribution and paying living expenses.....
| +169 | The "Not So Obvious" things that get you a return offer? | 20 | 4h | |
| +101 | Is my life over after not getting GS? | 25 | 3h | |
| +65 | Best IB group on the Street | 27 | 6h | |
| +56 | BIG FOUR ARE PARADISE | 15 | 7h | |
| +49 | Thoughts and tips on how to speak like an investment banker. | 25 | 5h | |
| +46 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 22 | 10h | |
| +36 | UBS Outlook | 28 | 1d | |
| +35 | Georgetown Placement for 2024 and 2025 | 21 | 6d | |
| +34 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Your bonus might get taxed at that rate but you’ll get a tax refund.
I think all in my tax rate is ~35% as an analyst.
You can search up new york/federal taxes and do the math since we’re a W-2 employee its pretty easy to figure out.
Doloremque quia dolor saepe occaecati nihil autem et deleniti. Est quia quia esse. Et quos aut eius et. Ut iure nesciunt laborum eum autem.
Omnis velit aliquam et quis voluptatem omnis illo accusantium. Nesciunt exercitationem reprehenderit occaecati perspiciatis. Ut saepe sunt quidem velit et magni. Magnam iure occaecati suscipit quia velit. Id odit voluptates temporibus dicta perspiciatis totam et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...