Underpaid or not?

FinanaceWannaBe's picture
Rank: Chimp | 11

Here's some background on myself:
I am a recent college graduate with three summers worth of financial services internship experience on the buy side and sell side.

I accepted an offer with a buy side asset manager( Upward of 120bn AUM). My position is a junior trader on the equities desk.
My base pay is 65k with ~10% bonus in NYC

Being a recent college grad and eager for experience as a trader, I thought did not have much leverage to negotiate my pay with HR. I was wondering if 65k for this position in NYC is close to the industry's average? I ask this because a good friend of mine, who is a recent college grade, is also employed by an Investment manager in an analyst role is making around 20% more than me.

Should I shut up and be grateful for the experience with the hope of promotion in a few years?

Comments (7)

Jul 7, 2018

yes that would be a good idea. congrats on the role!

Jul 7, 2018

Thanks waiter!

Jul 7, 2018

Considering sell-side trading starting salary is 85k with bonus of 20-50k , I would consider 65k + 10% bonus underpaid

Do you take risk or are you an execution trader?

Jul 7, 2018

Execution trading

Jul 7, 2018

Maybe this salary is fitting then. Not sure

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Jul 7, 2018

Thanks for the response!

Jul 7, 2018

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