New York IB Salaries

Annual Salary

  • 60,000 - 69,999

    Votes: 7 38.9%

  • 70,000 - 79,999

    Votes: 1 5.6%

  • 80,000 - 89,999

    Votes: 4 22.2%

  • 90,000 - 99,999

    Votes: 6 33.3%
  • Total voters
    18
D

Dinolovin

I work at a large IM firm in California and am planning to move to New York by the end of the year b/c my wife is going to school in Manhattan. What type of salary should a OTC derivatives trade processor (settlements/trade booking) with 3 years experience expect in NY? Any advise trom people in the industry would be great! Thanks!
 
neither will you without multiple offers (read bids). i'd guess there's at least a 20% chance you fall out of the ranges you've listed.
 
Very true...I already have multiple interested parties. Just wanted to know what is reasonable/unreasonable for NY. Thanks though!
 
Thanks for the response Hyudra. A little higher than I thought...must be because of the cost of living. Anybody else agree/disagree?
 
You got 3 yrs experience, and want to work for a NYC IB for under 100K?

I got 1 yr experience and have offers from hedge funds/IBs for 80K for tech positions (the one I'm trying to take right now is for arbitrage technology), and that money's barely enough, and I'm single. (And I'm contributing 0 to a 401k/IRA)

Good luck supporting a wife in Manhattan w/ under 100K salary.
 
Quote from demoship:

Good luck supporting a wife in Manhattan w/ under 100K salary.
More...
Here's a linke to the backpage ... an apartment locating service also available at www.villagevoice.com.

You should:

1. Start pricing aparments.
2. Add in the price of a garage and parking if you plan on driving around the city.
3. Add in food and entertainment.
4. Don't forget your special needs if you have a pet.
5. Make sure you also have all of your benefits covered.
6. On top of that are the student loans your wife will incur.
8. You can add-in anything I left out ...

Demoship is correcty, it's going to be an expensive proposition maintaining a family with just your income in a quality environment.

GL
 
If you're under 100K, you shouldn't bother pricing parking for a car, you won't have a car.

Trust me, it's for the best. If you work in manhattan and live in manhattan, it's NOT WORTH HAVING A CAR, all it's going to do is cost you $500 a month for parking and insurance and you'll get very little usage out of it.

I'd also avoid having a pet, a lot of places dont allow pets, and a lot of places will charge you to keep a pet.
 
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