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2016 3.5gpa fianance $17.95/hr +OT (38k-43kish) 8 years later I’m at 120k. I think i started off below average and should have been more like 50-55 now that might be 60-65? But after 2-3 years you can use your experience and hop to something +15-20% then again 2-3 years later. It took me 4 years to go to my second job from 50k to 60k+10 bonus. Then 1 year later 85k plus OT then 2 years to 120k now
I think I win for lowest lol.. Started in 2006 at 27k. That was and is insanely low for hedge fund sell side ops, but I was breaking in with a psych degree and told them to pay me what they thought was fair given I knew nothing and would learn on the job. I picked it all up quickly and within the year they brought me up to about 90k via bonus and raised me to an appropriate salary thereafter.
Only posting this to say, if you want to break in, it's ok to take a low number and prove your value. A good firm will bring you up to an appropriate salary quickly if you can do the work.
First salary in 2022 was 54k with the same GPA. Took the offer to get a brand name company on my resume. Last year I made about 112k at a different employer, definitely worth considering your career trajectory over your first salary. Also this is not in California or any other super HCOL area.
First job was in 2016, and with a 3.9 GPA I started at 55k in a high cost of living city. Kind of can't believe I was able to survive on that even then
Yeah for real. Now I’m like how didn’t I die?
First job in 2017 was 45k (MCOL). Now I make 106k at a different company
$60k - finance leadership development program at a manufacturing company in 2015.
This is still considered a good starting salary unless you’re in IB, Consulting, etc.
Finance, 3.3 GPA. First role was $85k + $15k signing bonus in 2019
First Job $75k HCOL in 2020; now $220k in 2024
Your gpa has nothing to do with your salary and will never matter for anything again, honestly as an employer I'm not even going to look at because it doesn't show me anything about how good you will be in a job. Your salary will depend on the line of business you go down. Investment banking for example will start very high but require a ton of time and effort. A general analyst position will start lower. Expect 55k to 65k as a ballpark.
Math+CS, 4.0, 160k, 2023
2021, 60k
3.3 gpa
Rising Star
Finance, 2016, 3.5 gpa, $105k
Finance, graduated in 2016 with 2.9 gpa, and started at 45K, make about 120k now
My first job paid me hourly at a medium-large bank. Made $23 an hour as a financial analyst in San Diego. Worked my butt off for an year and learned absolutely everything I could and was able to move to my next position for almost double my income. The important part isn't the salary, it's getting your foot in through the door and joining a company that will empower you to learn your job responsibilities and more. Good luck!
2020 62K
GPA isn't particularly relevant. School ranking means more. Internship experience means a lot more. If you have a solid resume, from a good school, you can expect ~ 80k. No internship/non-target school means you'll be lucky to get anything.
I haven’t got my salary
Really depends what area you want your career to be in, id say in general you can expect anywhere between 50-70k, if you are doing finance in a sales type role (i.e. whilesaling, insurance, even financial advisor) you can grow to the higher end much faster. If you go the analyst/high finance route, it might be a lower start and slower growth, ut then you can get into IB and M/A etc. whee the comp grows much faster in the mid to late career
High finance is not a lower start lol
In 2013, my first job out of college paid $36k a year with a $5k discretionary bonus.
As others have mentioned, dont get discouraged by your first couple years pay. I make significantly more than i did back then (double my salary every two years). Put your head down and do the work. Believe it or not, you learn the most doing the “grunt” work...it’s how you make connections (i.e., people who don’t move on and how to work the back office, which is what controls the company when you realize it) and will also keep you humble later on. The guys making $200k a year out of college are also working $16hr days and dont realize that they could make more working overtime at McDonalds.
Finance in Banking Kansas City 2022 $55K
Finance, 3.9, 2022, 70k
3.3 GPA with Accounting degree and started at $67k in 2019.
Same job, same role, 5 yrs later and now at $87k.