Who needs vacation, though?
I’m thinking about an MBA from UT Austin or Rice in the future and going in as an IB associate in Houston energy IB’s. Do I get to pick which product group I want to be in or do they decide? Investment Associate salaries at Citi can range from $87,138 - $139,744. You might get to that level in 5-10 years in finance; it might be double that amount of time (or more) in tech. To reap the benefits and to have the easiest transition, should I move early – or should I get valuable exposure at big 4 and move at more senior level to get the bigger bucks. Please advise!Admittedly, smaller tech companies pay below those numbers, progression up the ladder is slower, and the pay ceiling is lower unless you move into an executive role, so there are some disadvantages as well.We don’t collect data that specific, and neither does anyone else.
I’m really interested to see how those numbers differ.And you earn those amounts with far less work: normal, 40-50-hour weeks rather than 70-80-hour ones.After 10 years, that amounts to about $1.4 million in savings.At some of the smaller banks, such as the elite boutiques, the Bonus will be 100% Cash, which is almost always seen as an advantage.Your salary figures for all levels seem to be between two and three times the reality. If so, how many years of experience would it require?Are there any other recent NYC compensation surveys/reports?Yes, the figures here are Base Salary + Bonus but do not include non-cash benefits such as healthcare.My opinion is that it depends on what you value and what your family background is. Ask Lehman Brothers employees how that stock portion of their income worked out for them…I discovered this site only today (I am 40, part of me wishes i had done this 20 years back when i was trying to plan my career – my only consolation is that you started around 2007/2008), i really appreciate the honesty and transparency with which you write and answer questions.Btw I love reading your site. Boston, MA 4. Thanks for sharing. See how much an Investment Banking Associate job pays hourly by City. I don’t know.“So… point taken.
Thought I’ve heard that salaries are ticking up higher in technology because of strong demand in fields like AI/ML (but who knows if that will last). Thanks for sharing.
Associate Private Banker salaries at Citi can range from $90,090 - $145,483. You present a fantastic argument for working in tech over IB, but as the majority of your readers possess finance skills not software engineering, what kinds of roles do you see them targeting at the high-paying tech companies?That may sound nice to 18-year-olds, but the reality is that it’s a massive uphill grind without a *massive* payoff (yes, a few million dollars is nice, but it’s not enough to retire on in an expensive city with the lifestyle you laid out).Total compensation ranges from ~$450K up to ~$700K.However, you are not going to have $10 or $20 or $50 million or something like that unless you also somehow have the time to invest and put your money into a crazy success story.1) You have to compare similar types of jobs. A long time ago, base salaries did start at $100K there, but that has increased over the years. etc.What are the salaries for analysts at an ECM and M&A boutique firm in Tampa, FL?Ive always wanted to be an investment banker but somehow I ended up working for Big 4, which is still really good and I can assume that I have a chance at breaking into IB as an associate after getting 2-3 years of experience at Big 4 + MBA.
This estimate is based upon 12 Citi Investment Banking Associate salary report(s) provided by employees or estimated based upon statistical methods. If you wait too long, your chances decrease rapidly. Analysts do not receive Equity.
And then is the Goldman Sachs 3% acceptance rate for all jobs?
Investment Banking Analyst Salaries Base salaries for 1 st, 2 nd, and 3 rd Year Analysts at large banks are $85K, $90K, and $95K, with year-end bonuses between 70% and 100% of those numbers (lower percentages in earlier years and higher toward the end).
Also if i do get into an M7 is it better to go to the M7 or just stay in Texas and go to Rice or UT because of the strong regional connections they have?