Considering a move to the bay area in industry from Texas after working 8 years at EY. Salary offered 150K in base, 200K in RSU and 60K annual bonus. Is that enough to live comfortably in Bay Area?

like
Posting as :
works at
You are currently posting as works at

Too many facts left out. One time grant of RSUs for 200k Or is it annual? What part of the Bay Area, how long of a commute can you stand? Do you have a family? Can you stand Bay Area liberalism (it’s extremely bad unless you are a far left wacko). My gut says DON’T DO IT!!! It will likely be a down grade in quality of life

like

You should live pretty comfortably in Fremont for that amount. But be prepared for horrible traffic going anywhere else in the bay from there. I agree with EY2 though, the Bay Area is one of the most incredible places to be so it will be worth it.

like

Go for it. The bay is way different than Texas for sure but it's an amazing place and even if it isn't a forever move, you won't regret going there. Especially with no kids. If you had kids it would be a dif story

like

Interesting fact. If you are a family of four making $105k in sf or San Mateo county you are considered low income by hud and qualify for housing assistance...

like

Dude...150k is comfortable anywhere in the world unless you have some extravagant lifestyle.

like

I grew up in Burlingame (which is on the Peninsula) and the Bay Area was an amazing place to grow up/live. A lot of people are definitely priced out now though, and I wouldn’t move out there making only 150k a year.

like

Fremont is fine esp if u live near your office. Freeway commuting is worse than LA these days. And yes you can live comfortably on that amount but if your wife doesn’t work, then you may be slightly below average tbh.

I lived here for 5 years (downtown), had the time of my life, and don’t regret a single thing, but I don’t plan to raise a family in the Bay Area. Will probably head down to LA for that

like

@KPMG1: for two people, in a high COL city? I guess you can live comfortably if you don't plan on saving any money. You clearly don't know how ridiculous rent can be. You can probably make your 25% down payment on a giant house in a low COL city with one year of average rent in SF.

like

It’s doable with that type of salary and not having any kids; but I wouldn’t expect to move there and purchase a house. You’ll also have to get used to paying CA’s high taxes — not just income, but sales, gas, car registration, etc. I grew up in the Bay Area, but never went because cost of living. The thought of being house poor with a nightmare commute or being a perpetual renter were are enough to keep me away. However, I do miss being close to Tahoe, the city, beaches, various sports teams, wineries, etc.

like

The same threshold in Dallas: $58,700.

like

@EY1 one time grant of $200K. In the Fremont area. We are recently married (no kids) and would expect that my spouse should be able to find something soon too.

like

You can live in Bay Area with $150k base and $60k bonus, but will likely be renting a 1 bedroom, which start at $3k month.

like

@EY5 — that’s true if he’s fine renting a very modest apartment. That may be a hard pill to swallow for someone coming from Texas where houses are large and relatively very inexpensive. He’ll also be coming from a no state income tax state to one of the highest in the US. The RSU comp will take time to vest and the bonus isn’t guaranteed. $150K doesn’t go very far once you consider taxes, medical insurance, retirement deductions, etc. eat up around 50% of gross pay. That leaves around 6.5K per month for all other expenses/savings.

like

150k you’ll be fine. Unless you want a life your pocket can’t afford

Not worth it! My husband and I moved from Dallas, TX to just outside the Bay Area and the taxes are killing us. We doubled our incomes coming here but COLA went up significantly as well. We can’t even imagine living in the Bay Area and hardly ever visit because of the traffic. Can’t wait to move back to Texas!!

Related Posts

What is the mean salary for a Project Manager in Italy?

like

What should be the expected salary package in Wipro ? 6.7 yoe

like

I am trying to start a new career in programming can someone recommend me something with good salary rate and future thanks

like

Hi fishes. Currently interviewing with Accenture for the Talent & Organization (T&O) team for the change management profile. Wanted a quick comparison of the work life balance, career progression, perks and benefits compared to EY GDS. Thanks in advance.

like

I am an email marketing specialist. I am approaching my one year at my new job. I have been going above & beyond. I have been recognized by my boss that I have been doing great as well. I have been implementing new strategies, completing all assignments on time, and I do the most in all of our meetings, interviews and business events. How much can I ask for a raise?

like

Last associates committee meeting is coming up. Partners have asked each associate to come up with... not one... but FIVE marketing ideas. Other than reeling out “we offer competitive pay” in job postings, what are some good ones your firm does?

I’m struggling a bit. If I knew how to market well, I certainly wouldn’t be in this position.

like

What does comp look like for PE ops associates?

like

How terrible is workers comp defense? Got laid off and I’m assessing what jobs I want to go after and which ones are backups if I get desperate.

like

Any Deloitte consulting managers transfer from US to UK? What was your starting salary? Been at the M level for a couple years. Lots of industry expertise in my field too. Wondering what to expect for M level. Hoping for £90k + Benefits. Unreasonable?

like

I have 5 and half years of experience. I am senior frontend developer on career level 10. My primary skill is ReactJs. My current ctc is 14lpa and with 21% variable pay. Am I underpayed..??

like

Received a job offer. Was wondering if anyone had any thoughts on a concern I had about it. It's an entry level position, and I don't have much experience. The billables are 2040 a year. For billable hours in civil litigation and insurance defense, is 2040 hours for a 1st year associate on the high end in this field for a small or midsize firm? It seems like most attorneys I know have minimum requirements of around 1800. The compensation is around 80k a year.

like

Mphasis , hi fishes, why this month , Mphasis did not provided, Variable Pay, any one know the the reason, does any acc has been informed with any inputs? Like was it delayed or we r not going to get

like

Hi all I'm interviewing for a role as a BDR in Dublin in cloud computing. I graduated in 2020 (bachelors) and have worked as a sales manager at a store. They offer € 33k/year and € 22k in commission with relocation fees etc.
It seems like a great company and I'm really interested. Is the salary good for Dublin? And for someone starting their career?

like

For an Internal Nokia IJM, what salary Range is offered for a JG8 to JG9 role.Is there any limit to the Offer on JG9, if JG8 CTC is 16 lacs per Annum.

Worked for 10.5yrs in Infy Package is 11L and now I have an offer from Enquero(Genpact) for 20L and as a counteroffer from Infy:- 40% hike + Canada visa or 70% hike

Please suggest which will be better for the long term for Testing(Automation/Manual)

PS: I have not considered a Canada visa

like
like

How is Capgemini in terms of job security and work culture?
How much CTC to expect from Capgemini with 10 years of experience in QA domain?
Capgemini

like

Today i got my variable bonus of 10k, i get 59k inhand every month in which 2k gets deducted as tax, today along with the bonus of 10k I got 67k inhand and tax deducted is 4.5k. I'm kinda lost. Can someone pls explain y this?

YOE - 3.8

Ctc offered - 16.7

Fixed - 14.5

Location - Bangalore

Please advise whether the package offered is okay or not. Should I look for another offer?

like

Hi Fishes,

I am currently working as an associate consultant in Infosys. But my work is of manual+automation testing. I want to switch now, but I am confused b/w Business Analyst and Automation tester role, which role would be better for me to switch? Also regarding salary which is a high paying role among the two?

Experience-3 years
CTC-7.5

More Posts

if there's no pension anymore and a significantly lesser lump sum payout, why become a partner at EY?

like

Does Kearney have experience hire recruiting cycle?

like

What's the hierarchy at QuantumBlack?

Ive seen Jr Engagement Manager, Expert, Jr Principal and can't make sense of it from the outside.

like

Have you guys funded a startup? How did you find such opportunities? Thanks

like

How are the ETL/BI projects at Kolkata location for PwC India ?
How is the WLB? Do they assign 2 or more projects simultaneously?

like

Is salary credited for KGS today or will it be tomorw

like

I just came here to vent. Had an interview, I thought it went great. At the end of the interview hiring managers said and I quote “ you set the bar real high” today I received a thank you but no thank you email.
I am so frustrated …

Can anyone describe the overall competitive landscape of strategy consulting firms in SEA region?

Need a quick help
While structuring the HRA if we give max limit for eg., 20k and I have rent agreement of 7500. Will this be a problem or will I just get an exempt of 7500?

like

I was just informed after the third round of interviews they’d like at least 5 references, two must be supervisors. My last job was a temporary remote job where I didn’t really interact with my supervisor and the jobs before that were at my family’s business (I do not speak to any of them for serious personal reasons.) Anything before that was grad school and I haven’t kept in contact with any professors from over five years ago. What should I do? 😕

like

Does Goldman Sachs renegotiate with an competing offer once they release the offer letter.
Goldman Sachs

like

Hi,

KPMG has mentioned in offer that they shall provide reimbursement for purchase of home computer for 1L once every 3 years

Is this right???

like

I work in a women's health clinic- "Dense" brease tissue has become a hot topic for our patients! I
feel like it comes up multiple times weekly!

like

30 minutes into a two-hour review, I rescheduled it because I said I had a migraine, but it was really because I had the Kars-4-Kids song stuck in my head.

likefunny
like
like

Not a sales based question but have a second interview for TierPoint Inc. they are an IT company and this is a manager of operations role. Their clients have some big names but I work for a global company that’s massive.

Does anyone know if their companies use them for managed services/cloud etc and is this a well known company that is rated well to use and work with?

Any help or info would be great!

like

Any upcoming law conferences/events?

like

Anyone here work in UX design? I'm thinking of switching careers and wondering what your experience in UX design is? What courses are the best to take, etc.

like

Can I pray for someone this evening?

like

Additional Posts in Accounting

What kind of job do audit seniors typically leave for?

PPEDs: Just found out that a Partner, who was promoted in 2017, was fired. IDK the circumstances. What can they expect to walk away with besides 401k & normal pension plan?

like

I feel like so much of my job is planning and scheduling that I have 0% left to plan and schedule my personal life. Is that normal? Do I need a Microsoft to do list for normal life 😣

likefunny

me and other associates when noticing all working papers been reviewed within 10 mins ✅

Post Photo
likefunny

Estimated tax payment question:
I converted $30k of rollover 401k into a Roth IRA and have $26k of realized ST Capital Gains this year (Roth conversion in end of Q1 and most capital gains in Q2).
My total federal withholding tax last year was approximately $12k and this year I will have 40% more in reported income on my employer W2 and anticipate higher that $12k federal withholding for my new job. Given this, what is the best way to go about making est. tax payments for the income (continued.)

like

What do CPA bonuses look like for other firms? Trying to find online is getting me nowhere.

like

The new well-being program, is the maximum you can get per quarter $40?

like

Do a lot of seniors in the advisory groups work weekends? I am coming from a group that has busy seasons sometimes we don't get a day off for a few weeks before the deadline. 80-100 hour weeks for me.

like

Any firms besides PwC have a student loans pay down program? And is it only available to staff/seniors and not managers if I get my second masters to enhance my career? Thanks!

like

Are there any realistic options for me to go into mgmt consulting without restarting as a staff 1?

like

Been here several years. Only just clicked to me how predatory Big 4 are.

Business model is to use cheap, underpaid labor from college grads who can't go elsewhere or pay debts. Churn em and burn em.

likefunnyupliftingsmart

How do you react when a client says ‘you should know this’?

like

Has anyone transitioned from working in a company to being an independent contractor? How long did the transition take and what are the pros or cons from working solo?

like

Hey can anyone shed light on the Technical Accounting Consulting group at RSM compared to Big 4 (EY FAAS) with regards to work life balance / middle market client demands / flexibility?

likehelpful

Working with no budgets in any team. Partners indirectly encourage you to eat up hours. End of year it’ll hit my util even tho im 150% utilized. Getting sick of this nonsense.

likesmart

Does EY pay for the CFE exam and Review course?

like

Any international transfer suffering from ACCA?

like

We stay until 8 or 9 everyday and then at the end of every week my manager tells me to book only 40 hours. It sucks ass and now I have to explain to my counselor why my utilization is so pedestrian...

like

PwC ppl, have you seen the cringey video from Elevate that's making the rounds on internet? Found on Reddit, link in comments

like

General accounting experience license versus license with authority to sign attest reports (California). Does this mean the attest license is only necessary if you want to stay in public accounting?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal