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Including bonus?
Ouch 85k in New York in iBanking? Our analysts come in at around 82k.... seems like a rip off given the locality and hours worked.
Not banking. Wealth advisor
People just see GS and think it’s IB - it’s probs 85 +5-10 sign and if lucky end of year bonus
@D2: which group are you in? When I was at Deloitte S&O, analysts got 72.5K base, a one time 12.5K signing, and no bonus for performance.
Would bet anything IB is making more, and if this is PWM, well, hours are definitely less - plus it sounds like the 85K is base, not including bonus.
Yes, to be clear, it’s not IB. I work tangentially with this group and people in that role are not technically in the operations department, but they do ops-like work, such as help open accounts, facilitate money transfers, reconcile trades, etc
Any insights on bonus potential?
Ex-BB PWM Analyst here, why are you leaving consulting to get into PWM? I did the exact opposite
A1, why did you do the exact opposite? I’m thinking of making this move (consulting to PWM)
Salaries are pretty standard for front office roles at bulge bracket banks. Having said that, analysts start at 85k and go up by 5k in base every year. Bonuses vary wildly by group, with IB being $55ish. Wild guess, but PWM is probably 30-40% of IB bonus.