I’m a recent grad from Boston University with 1 year of work experience. The company is in the Greater Boston area. Position primarily involves hotel investment underwriting and valuation. My current salary is 55K/year and 1 week of paid vacation. Is that a fair compensation compared to industry levels? Work requires 45 hours per week but I work 55 hours to learn more and build my skills. Just wondering what other 1st year analysts are experiencing. I’m trying to gauge and do research ahead of my annual review.
Summa cum laude and stuff really only matters in getting you the interview. Past that, youre hired on how well you do in your interview and how much money you get is how well you negotiate/have counteroffers. So summa does nothing for you offer wise
Based on how you typed your question, your worth about 25 an hour. You lack valuable skills.
25 per hour is about 10 above min wage. So not bad
I provided my academic background just as some context to my work ethic and discipline. Not as a reflection that my GPA means anything beyond that. My primary question is whether 55K/year for a 1st year analyst is reasonable? The firm is a small fund with less than $150MM in committed capital.
55k is on par with most financial analyst roles for new grads
Laude you are paid low !! Try to leet and get out !!
What a chootiya
What did you expect? I been in the industry for about 10 years now and just made it to 200k/yr last year. Takes time young grass hopper.
Given this data point, Op might want to start leet coding asap. It could take 1 year to leetcode to fang and get $$$.
What does that mean?
Only 1 week of pto? I though 3 weeks is normal
Glassdoor is a great resource for these kind of questions, especially when you have an exact role to lookup.
You’re worth what someone is willing to pay you. You probably latched onto the PE title, because just about any job out of undergrad is gonna pay 55k, so not sure why you took this one. Real PE jobs pay ~250k minimum for 2 years experience.
whats the maximum🤣 1 m?
Entry level banking is 140ish and the best of that group gets PE after two years. If you somehow manage to land PE out of undergrad then prob can get higher comp. The maximum / long tail scenarios usually involve carry, which you would amortize as comp at year 1 but wouldn’t know the value until year 5.
Hotel pe is not pe. Don’t the tier 2 Consulting firms pay 75k. To give you some context - i made 60K in 2007.
Yeah it’s definitely not traditional PE. That’s why I was unsure what the appropriate level was. Thanks for the context
-。- I don’t know since I am in tech not finance.