Working in finance the last 17 years has been somewhat frustrating. Started in 06 at $50k base + 50% bonus at GS. GFC stalled salary and bonus growth for years. VP at JPMC now $170k base, performance based bonus (TC around $250k-300k). Analysts are starting at $100k base and getting promoted after 3 years and at $150k base.

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Comparison is the the thief of joy.

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Totally agree! I genuinely don’t get down about it. I do what I love and I feel well compensated for it

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There are so many more people making less than half of this. It boggles my mind how this level of pay isn’t enough.

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Depends. If it's a HCOL city, $150k base might not get you far (unless there is a big bonus)

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For some further context- from what I’ve seen most analysts in the NYC metropolitan area are getting 100k starting base salaries too if they try to negotiate. I came in as a first year analyst in the CIB making 6 figures with 0 finance experience. Working in Jersey but live in Manhattan, able to ask for nyc comp instead of market rates in Jersey/outside metro area. While I’m likely an exception case (and also, people likely don’t negotiate their starting role often), I think there’s been a big effort on JPMs part to retain junior talent. competitive compensation has been the driving carrot to dangle there

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What damn role and location are analyst making 100k NYC and what front office?

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Consulting paying our fresh grads 110k right now. It’s a wild time

Totally get it OP- am in a similar situation! Hiring kids with 2-3 YOE at the same money I started making 3-4 years ago at 3-4 times their YOE. Gen Z is blessed.

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Did you forget about...inflation?

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What division and role though? This sounds bad for CIB front office, especially for that many YOE

yeah I hear ya. I started at $55k with a 20% bonus and kids left and right are signing on with 160+ guaranteed first year TC. I dont know if inflation is that bad or talent that sparse and they are squeezing the margins to get precious grads or what.

I think it’s because the appeal of finance vs other industries ie tech, has gone down over the years, particularly compared with the golden years pre-GFC— therefore they need to pay juniors more

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