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re: How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted on 5/9/24 at 7:46 pm to fareplay
Posted on 5/9/24 at 7:46 pm to fareplay
VP I is around 550-600k TC which some of that may be in shares that need to vest over time and not cash. I went to T10 MBA and had 2 IB offers. It's like Associate 1 is 275k, II is 350k, Associate III is like 450k. This is total comp, not salary. If you leave mid year, don't get bonus. Some bonus may be in vesting shares (which only pay out over time to make you stay longer) and not cash, dependent on bank.
You're not quite at 1 mil at VP level.
You're not quite at 1 mil at VP level.
This post was edited on 5/9/24 at 7:52 pm
1
Posted on 5/9/24 at 8:27 pm to Saunson69
quote:
You're not quite at 1 mil at VP level.
shite I made twice that last with a couple of crews of rednecks running directional boring machines beside and under roads. My MBA came from a much less reputable school so I never qualified for the prestige of IB, and the corresponding pay cut.
These people signed up for this, no sympathy here. One thing I notice about ivy leaguers is that they must be paper pushers. They could never do anything else.
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