base salary for associate

flyinsky · June 16th, 2005, 3:28 pm

IS the base of 100k good for an associate position? I had a PhD degree and almost two years of industry experience before going to Wall Street. how do you think about this package? Any upside space can I go further? I will be in fixed-income field. Very appreciate your help.

piterbarg · June 16th, 2005, 7:21 pm

this is very good for a first year-V

flyinsky · June 16th, 2005, 7:34 pm

piterbarg, thanks a lot for your reply. The reason I am a little hesitant is that I already have two years of experience. I find that the base for PhD fresh out of school is already around 95k. What do you think?

SierpinskyJanitor · June 16th, 2005, 9:38 pm

BTW your figures come in US or EU currency?

flyinsky · June 16th, 2005, 9:40 pm

it is in US currency and in NYC.

SierpinskyJanitor · June 16th, 2005, 9:55 pm

OK! I got really scared! Imagined those numbers in K£ and suddenly, a mild stroke struck...

lancingknight · June 19th, 2005, 4:32 pm

I would say, at least $130k base in New York for a second year associate.

flyinsky · June 19th, 2005, 8:56 pm

the company said that there is a company-wide cap on associate base salary. not sure if that is true or just a trick. QuoteOriginally posted by: lancingknightI would say, at least $130k base in New York for a second year associate if they really want you.

lancingknight · June 19th, 2005, 9:20 pm

Well, it is true for the fresh MBAs. But 2year working experience and a Phd should qualify you at least a 2nd year associate or even higher. There are plenty of opportunities out there besides the normal accociate program. Just my 2 cents. BTW, which firm were you talking about? A couple of firms are really stingy for the first year, but always flexible in terms of PHD hiring.

flyinsky · June 19th, 2005, 9:33 pm

do you know the policy from CSFB?

lancingknight · June 19th, 2005, 9:41 pm

Nope. I do know one got senior vp as a fresh Finance Phd, his is truly exceptional though. Goodluck!

javamaster · June 20th, 2005, 5:04 am

I know some fundamental baselines in CSFB from a friend working there. Which group in FID will you join in CSFB?

flyinsky · June 20th, 2005, 5:11 am

javamaster, i will send a message to you for details. thanks for reply.

adas · June 20th, 2005, 5:27 am

A batchmate was recruited by CSFB last year for $A 130K last year and he has only an undergrad degree with honours. IB division though. What field is your PhD in btw? Maths? Physics?

achow · June 20th, 2005, 5:34 am

QuoteOriginally posted by: adasA batchmate was recruited by CSFB last year for $A 130K last year and he has only an undergrad degree with honours. IB division though. What field is your PhD in btw? Maths? Physics?130K is total comp, right. I would be surprise if a fresh undergrad can get $A130K base. It is totally way out of the range for analyst level. He must be the son of CEO in big corp!