My friend works in private wealth management as a wealth planning associate in NYC. She is paid $86k and bonus last year was 30%. She has 3 YOE and is currently getting CFP certification. Do you think she is underpaid?

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Seems over paid for putting peoples money in the SP500

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Yes, 86k salary and bonus is expected to be higher than last year which was 30%.

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Seems fair.
She has little experience, isn’t certified yet, and gets a decent bonus.
Potential for far higher pay ahead.

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Is the $86k salary? Typically PWM will require you to build your own book of business and get paid on trading fees. I think its underpaid for NYC front office finance folks with 3 YOE but her long term growth of building a your own book can make her much more in the long run

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