Is $58K in NYC for an entry level 1 fp&a analyst low? Trying to negotiate but they seem pretty firm on salary.

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To my knowledge that’s pretty low. I think 65-70 base is the norm.

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Wouldn’t accept anything other 70

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Under*

Th exact same question was asked in an earlier post…very very low

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I’m in lower COL area so I’ve seen 45-55k for corporate FP&A so if I rounded 18% more for HCOL it’s probably within the range for non banking FP&A. Also corporate FP&A typically do not give bonus at the analyst level because it’s generally a 40 hr week. If the company offers pension that is another reason for lower range. Really one of the best ways to find out if this in range for your experience is to keep interviewing and finding out ranges.

There’s so much that goes on when offer is extended: internal equity of team, department budget, your level of experience etc.

If you have zero finance work experience then you typically start at bottom not middle of the range.

I’ve also seen major name companies pay low for entry level (Sony, Disney, etc) because they know their name is worth a lot on your resume in exchange for acquiring experience.

If you are truly not happy with the pay, don’t take it but don’t act like you’re the only candidate. If other candidates are willing to take this job at lower pay, your salary will not increase.

Find out why the range is lower “I’m really excited about the medical benefits and the 401k match but I was really hoping for 5K more on the salary. Is there anything we can do here?”

Let them talk and LISTEN as to why. If they say something like “this is the top of what we can do” they mean it.

Then say this “Ok I understand you can’t move on salary. How about an additional paid week off?”

Sometimes a better job title or an extra week off pay far more than a bump in salary in the long run.

You won’t take it if you think it pays too low and they won’t take you if they think you’re too expensive. Has to go both ways.

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That’s low…

This is for a junior financial analyst role

No it’s fp&a corporate finance

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Do you get bonus/ot/other benefits? 58k is pretty low for nyc so personally I wouldn’t accept unless it was my only option or in an industry/company I really enjoy

Very low in NYC area- if for experience may be a good trade off….but depends

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