3 answers
Josh
Student
Greenville, North Carolina
1
Question
Asked
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How much does the average IB analyst get paid their first year out of college?
A rough estimate, at one of the major firms like Goldman or JP Morgan Chase, for example? And is there difference in pay depending on which school you go to(i.e. target school, non-target school)
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3 answers
Olivia McDonnell
Consulting
20
Answers
Los Angeles, California
Updated
Olivia’s Answer
The salary for these positions typically ranges from $150,000 to $199,000, including bonuses, and is largely non-negotiable due to the high demand for these roles. The pay for incoming analysts is usually standardized, as they are treated as a group. However, there might be some room for negotiation regarding relocation expenses in the first year.
The biggest challenge you'll face is the distinction between target and non-target schools. If you're not from a target school, your chances of securing an interview are quite slim, often falling into single-digit percentages. To get an offer, you'll need to perform exceptionally well in the interviews.
Networking is crucial, as having advocates within the company can boost your chances. Remember, there are also many other roles in the front office besides the banker role, which offer a better work-life balance and only slightly lower pay.
The biggest challenge you'll face is the distinction between target and non-target schools. If you're not from a target school, your chances of securing an interview are quite slim, often falling into single-digit percentages. To get an offer, you'll need to perform exceptionally well in the interviews.
Networking is crucial, as having advocates within the company can boost your chances. Remember, there are also many other roles in the front office besides the banker role, which offer a better work-life balance and only slightly lower pay.
Arpita Kaushik
Data Scientist
11
Answers
Detroit, Michigan
Updated
Arpita’s Answer
The salary you earn can be influenced by several elements, including the location of your job, the company you work for, and your years of experience. Websites like Glassdoor can be a valuable resource for exploring average salaries for different roles.
The institution where you receive your education can indeed have an impact on entry-level job opportunities. Therefore, prestigious schools can offer you a stronger brand value and potentially higher starting salaries. However, as your career progresses and you accumulate more experience, your educational background becomes less critical. Most companies prioritize the skills and experience you bring to the table over the name of your school. So, keep in mind that your career growth largely depends on your dedication and hard work.
The institution where you receive your education can indeed have an impact on entry-level job opportunities. Therefore, prestigious schools can offer you a stronger brand value and potentially higher starting salaries. However, as your career progresses and you accumulate more experience, your educational background becomes less critical. Most companies prioritize the skills and experience you bring to the table over the name of your school. So, keep in mind that your career growth largely depends on your dedication and hard work.
Shivin Kinra
Product Manager
3
Answers
Philadelphia, Pennsylvania
Updated
Shivin’s Answer
In today's modern world, securing a diverse spectrum of salaries for most positions and titles in the industry is a breeze. The specific salary structure might hinge on several elements such as your experience, geographical location, and the company itself.
Before you jump at a new job opportunity, it's beneficial to delve into the salary range. This ensures your negotiations remain within a reasonable bracket.
Moreover, it's equally advantageous to regularly connect with peers within your industry. This way, you're always up-to-date with the latest insights about your career path, like the burgeoning job opportunities in your field, and so on.
Here's wishing you the very best on your journey!
Before you jump at a new job opportunity, it's beneficial to delve into the salary range. This ensures your negotiations remain within a reasonable bracket.
Moreover, it's equally advantageous to regularly connect with peers within your industry. This way, you're always up-to-date with the latest insights about your career path, like the burgeoning job opportunities in your field, and so on.
Here's wishing you the very best on your journey!