Quote:
Originally Posted by Unregistered
typical analyst package (ie undergrad with no experience, and in some cases master/phd with no experience) is as what California says: in the realm of 50-70k base, 10k-20k sign on plus relocation, and another 30-50k for the first full year bonus (ie end of 1.5Y; first bonus is a stub paid for 5-6months of service). So total package for first full year is around 80-120k, excluding sign on.
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My experience is specifically, with Goldman, CS and Deutsche. This is definitely NOT what an analyst graduating from a top school like Wharton, Harvard, Princeton or Yale would expect. If you offered a total of 80-120K to them to work in New York City, they would laugh at you. Perhaps your firm might be "considered BB" by you, but not not by those applying from the top schools.
In any case, I don't think California was estimating based on BB Investment Banks, but a regular financial services firm.
The fact that you participate in super day interviews doesn't mean you know exactly what is being offered to whom and what the budgets are. Only someone who runs a unit will.