What should be the appropriate for associate salary in NY, London and Tokyo ?

My friend (PhD from Columbia), FICC at GS. Base 90K (equity derivative group)

Most of the associates(summer) I know are earning 95kUSD(at least in NY and tokyo). Not sure of London. I'm assuming summer associates = associates in terms of pay.

I just wanted to add my 2 cents. I'm in the CMU Comp. Finance program, and I'll be interning for a bulge bracket bank in NYC as a summer associate (fixed income derivatives), with a base salary of 95k. I have 4 yrs work experience in engineering. This seems typical for our program, given a minimum two yrs. experience.

tBoz plz check your PM. Thanks!

QuoteOriginally posted by: tBozI just wanted to add my 2 cents. I'm in the CMU Comp. Finance program, and I'll be interning in the Fixed Income Derivatives Strategy group as a summer associate, with a base salary of 95k plus housing stipend in NYC. I have 4 yrs work experience in engineering. Another of my classmates has 0 work experience, but also got hired for the same group. Most people coming out of our program have at least 1 or 2 yrs. experience, and since we are housed in the business school, we get recruited almost exclusively for associate positions.What is the housing stipend like?

The stipend isn't huge...it just covers travel to NY plus helps with the first month's rent.

How about someone with IT background? BS and MS in CS and MFE from NYU. CFA Level 1 and 2. 3yrs in Bloomberg and 2 yrs misc as Soft. Engg. What positions I should be looking for and what salary I can expect. Thx.QuoteOriginally posted by: macflyDepends on your previous experience and the position you get (quant, strat, trading) as well as the kind of house you're working for (top tier IB, other IB, Hedge fund, ...)Be more precise and I ll be able to answer you precisely too.

Anybody...who is or was in similar situation?