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That seems like a fair topic to joke about when making an offer.
I wouldn’t say disgusting...
Banking bonuses as a % of base are higher than basically any other industry. Your standards have just been warped by working in IBD.
Further, pay in banking is much higher than at companies. Shouldn’t shock you that TC is lower than what you’re making even as an analyst in IBD
Then you were unfortunately operating under a misapprehension.
140 base with 20% bonus sounds pretty in line with what I’d expect for that kind of role
Bruh if you trying to make bank why are you leaving banking??
This pays $175k starting with likely a 40 hour work week and minimal stress.
Curious why OP left banking too
Assuming you’ll have 2 YoE when you start, this is one of the highest cash comp strategic finance positions floating around out there. I say that as someone who left PE with 2 YoE and accepted a strategic finance role. I’m making less cash comp than that but with a meaningful amount of stock options.
You have to keep in mind you’ll be working WAY less hours and the hours you do work will be more relaxed. From an hourly perspective your comp will go way up. That being said, if your goal is to maximize comp above all else, stay in banking. You’ll be extremely hard pressed to find higher.
Do you get equity?
That sounds like really good comp for a strategic finance role. What type of company/industry? When I interviewed I was getting 120 with no bonus