I am a third year associate at a small boutique (DCM) , and my bank (NY-based) makes me print and bind presentations to save money, pays little annual bonus, and gives no increment - while major fees go to sr. management. Is this a common practice in small IB firms? Furthermore, I am on F1 and it's my last attempt at the H1B lottery and I have an MBA loan. Should I consider quitting even with these risks?

TC - $190k

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

You need to lateral dude, I made 200k total comp as a third year in nyc

like

I hear you, thats why I keep switching back and forth from to quit to stay! Appreciate your thoughts. Thank you.

Def quit you are getting shafted

Thanks, yeah I feel so too. I didn't know if Analysts/Associates go through the same in other shops.

like

If you’re an associate 3 then next year you will be VP. Are you still going to be expected to bind books? Do you start getting paid materially more? Are you able to move freely to another job with your visa situation or is your status tied to your current job?

Your comp is low but not wildly out of line for a small boutique. Hopefully your hours are also better to compensate.

I do have analysts, who are also highly competent, smart, and educated. Which is why I don't like allocating labor work (printing and binding books or posting for social media) to them. I know it was okay in the past to bring coffee and carry lunches for your seniors; I wonder that culture is still prevalent in today's banking world.

I agree on mentorship (and relationships) which is why I am definitely looking out. Thank you both.

Related Posts

Any views on what is the offer for Morgan Stanley Alternative Investments Associate role in NYC. The role is for business Analyst.Morgan Stanley

like

Hey designer fishies! I'm conducting an interview tomorrow for a new Director of Product. This person will be managing our team of Product Managers and Product Designers.

What are some good interview questions for this level and type of role? I have a few in mind, but would love to pick the group's brain as I have never interviewed anyone for a Director role before.

Thanks in advance!!

like

IBM started to drop the mail for join Slack etc. and the mail for laptop request for new hire .

What if I don't join on the last day or deny to join on last day ? Because still need to decide between two offers .

like

Joined IBM 3 months ago as data Scientist & In entire 3 months i am on bench. They said no projects in pipeline and no interview scheduled for next 2 weeks. Apart from data science i am getting every type of work 😂. Is getting data science project difficult in IBM now a days.

like

Hi Fishes,

If anyone is looking to buy Life/Health insurance product please connect, we can avail good deals and discounts.

like

I'm getting a MAcc to career change to forensic accounting. What opportunities are available to me with a data analytics heavy MAcc? I'm also tacking on 2 graduate certificates in Applied Statistics and International Economic Policy? For those in the field, would that be useful or not useful (i.e. waste of time)? I'm interested in investigations but also analytics, financial modeling, and expert witness services. Throw in salary potential for bonus points. I'll be getting my CPA, CFE, and CAMS.

like

Are you guys still working from home? What's the development at your organization? Share your thoughts.

Anyone work audit/assurance contract roles at EY, looking for any insight ?

like

Has anyone had an interview go well, people tell you their excited to move forward with you. Then follow up and get ghosted for weeks?

like

I’ve written a paper (for a class) on job hunting when DE&I is a priority to you as a person. I need a couple smart cookies to read it and poke. Any takers? It’s about 8 pages. You might learn something.

like

Hi all,

Need some suggestions as to how can I learn .net core and azure quickly .

Please suggest something!

like

Hi Fishes,
Need your advice. Got HR call for salary discussion they are ready to offer 8.25 lpa + 1L joining bonus .
Is it good offer or should I reject for 2.5 years of experience?

like

How do referrals work? Do you apply first or wait for the referral, then apply? Looking for a tiktok referral.

like

Hello Everyone
I have a offer from pwc for senior associate role for 6 yoe, I have another offer as well.
any suggestions pwc revise offer or match the ctc of another company.

like

Does anyone here work at Ameriprise financial? If so, would you recommend it? What is the work life balance like? I have an interview for a Advisory trading specialist role. Thanks!

likehelpful

Hi everyone!

I recently just finished my interview with Accenture and is looking very promising. We have yet discuss salary, I would like to know other people's salary who work in the Industry X so that I'm not getting low-balled. I currently work at HDR inc. making 69K (Salary).

2 YOE., Mechanical Engineer

The position is "Analyst - Industry X Development Program" in Detroit, Michigan.

like

I am thinking to switch my career from being an auditor to software. How hard it is to switch? Has anyone done this? What are your experiences? Thank you.

like

Any one has experience in ELT with SAP S4 Hana Integration.. If yes, can some one share some documentation please...

Anyone here moved from EY to Accenture? Curious to know how was the shift, pros and cons for each company, any regrets? Waiting for an offer from Accenture but very conflicted on whether I should leave EY. Been there all my career and going to be a big jump.

like

Hi

Does anyone know, In citiusTech. Is it possible to shift to different technology..
Currently working in ETL Testing.. I want to shift to Data Engineering domain..
If possible to what will be the process ....

like

Additional Posts in Investment Banking - IBD

Left IBD to quickly - VP1 opps?

Long story short - was lured into an opportunity to do BD for a large PE PortCo… better work/life balance, but honestly miss the deal cycle.

Anyone know of open VP1 opps right now?

Quick background - former MM banker (think Raymond James, Piper Sandler size) doing FinTech and Asset Management within FIG, but also open to other sectors.

Thanks!

like

Folks - when you calculate the total diluted share counts, does the result have to tie to the reported diluted share counts on the most recent filing (either 10K or 10Q)?

like

Received an offer for equity research and IB, both in toronto. ER paying $120k base and my understanding is that bonus can be around 25-30%. IB is paying $105k base but likely higher bonus? Which one would u choose if you think you would be good at both

like

How do you find out who’s “top bucket” and who’s not? Do they disclose this? Also how do you become one?

like

Equity research associate considering to pivot into IBD. Is this a wise choice? Heard ER is an exit for some of the IB folks out there.

like

Want to get new bag for work and not sure if I should get a Tumi briefcase or backpack. Seems like I’ve seen more backpacks these days. Thoughts?

like

Thoughts on PJT strategic advisory?

like

Thoughts on GP Bullhound?

What are bonuses like for a first year IB Analyst in London? (Think US banks like GS, MS, Citi etc.)

like

What “lifestyle” exit opportunities pay decently? Been interviewing for corporate development and strategic finance roles but total comp looks to be almost a 50% pay cut.

like

Are coverage group hours better than m&a at your bank? From a lifestyle standpoint

like

Say I work in tech and have a decent finance experience. Would my 3 yoe of domain "expertise" in tech make me an attractive bet for the banks Tech coverage team? In other words, does having experience in Tech make me more hireable for IBD?

like

I am going to speak with a recruiter at Houlihan Lokey TMT in LA. I would like to know more about the group and its culture. Would love to connect and network🙏

like

currently debating if i should work on the hill or accept an IB role. i feel like working on the hill is invaluable experience that could get me into IB but maybe i’m wrong? Which opportunity gives me best resume experience?

like

Any recommendations on brushing up on PowerPoint?

like

Public finance exit opps?

Have technical interview (pen and paper only) coming up with a BB, can anyone offer advice/resources/suggested way to practice?

like

What’s the best VDR and why is it datasite?

like

Anyone at Goldman in Portfolio Construction/Liquidity/Fixed Income that would mind chatting with me? Have an interview coming up soon.

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