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Comparison is the the thief of joy.
Totally agree! I genuinely don’t get down about it. I do what I love and I feel well compensated for it
There are so many more people making less than half of this. It boggles my mind how this level of pay isn’t enough.
Depends. If it's a HCOL city, $150k base might not get you far (unless there is a big bonus)
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
What damn role and location are analyst making 100k NYC and what front office?
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.
Did you forget about...inflation?
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