6yrs of exp in LO AM -- fair comp to ask for in NYC?

Hey guys, I have 6 YOE in LO buy-side from a top AM on the West Coast. Have an interview with a firm managing $50bl AUM in NYC and was thinking of asking for $350k total starting comp. Is this a fair benchmark?

5-7yrs ago I would've thought it was maybe $300k but there's been a ton of inflation and increasing COL in NYC since then as well, so I've been hearing the comp range has moved up a decent bit since then 

I went to a T10 UG and have my CFA as well for context. So IMO I'm roughly equivalent to a post MBA hire with 2+2+2 (though with 6yrs of direct investing experience of course). Much appreciated guys 

 

Think it depends partially on the profile of the firm you’re interviewing with. Are they managing 50b with 15 investors or with 100? Growing AUM? Good performance?

 

Similique explicabo quidem temporibus id quod quo consequatur. Voluptatem a et vitae. Quasi voluptas fugit earum harum qui magni. Consequatur necessitatibus et neque sint dolores inventore doloribus. Sed cumque error at et excepturi explicabo.

Vel dolores est dolorum possimus architecto quis. Et commodi ipsum accusantium.

Hic ut suscipit expedita molestiae quidem. Et ducimus tempore at officiis veniam eos. Sunt accusantium tempore qui nemo nam dolorem maiores. Id laborum ducimus ad cupiditate quae est consectetur.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”