Have an offer as a sales associate at an asset management firm. Mid size, location San Fran. Have around 3 years of experience post undergrad, Econ major but not licenses or CFA (yet) doing sales planning work.. pay is 76k + bonus worth it?

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The pay is fine but I would seriously caution against that pay in San Fran. Unless you have serious ties to Cali, I’d opt out of moving there until you’re making significantly more.

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No

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Pay range typically varies on experience, tier of the role, and the firm/product sold. Is this an inside sales role, where you’d be partnered with someone in the field? Or an entry level inbound associate, where you’d basically be on a phone queue? If the former, it really depends on what the variable bonus might look like. Inside sales roles often vary from $60-$90k base + variable targets. If the latter, it’s competitive and, if it’s a good firm where you’d like to get in the door, could be a good launching point. Also, some firms will hold licensing over your head and low ball you. Something to keep in mind.

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At $76k in San Francisco, you’d be broke.

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You should ask if you get supplemental comp from the FAs on your team and if you get a bump once you get licensed. You should 100% get licensed for any sales assistant role.

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What is the typical pay range for position like this? Worth to negotiate?

Wow thank you so much for all the comments! Its no a FA role, it’s an institutional sales position. Supplemental comp is just the year end bonus which is around 20% for this level..

NYC and Philly

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