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Is there a big difference between 160k a year vs 200k a year NYC
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Date: June 3rd, 2012 9:49 PM Author: Pale Tank Ratface Basically biglaw making 160k vs. ibanker associate making 200k all-in.
Is there really a big difference in these salaries post-bonus? I feel that biglaw is too self hating and there's not that much of a difference.
Why are ibankers always thought of doing models and bottles and not biglaw associates? The extra hours worked and that extra cash doesn't seem to be big enough of a difference, especially if bankers are blowing it at clubs.
mainly the difference is probably the fact that ibankers have 0 loans and biglaw is swimming in debt but if u compare salary only the two professions seem very similar. |
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Date: June 3rd, 2012 10:03 PM Author: Coral Heaven I-banker associate most likely has an MBA with debt = to law school and only 1 less year opportunity cost. However, I think he will make more than 200k all-in. (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820264) |
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Date: June 3rd, 2012 10:05 PM Author: Pale Tank Ratface nope, bonuses were shit this year and some made even less than 200k all in. i have a few friends in the industry.
i even gave a high 200k all in first year salary to round up.
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Date: June 4th, 2012 9:26 PM Author: Coral Heaven Uh, are you quite sure about this? First-year analyst at a BB makes about 130k all-in (70 base + 10 signing bonus + 40-60 bonus).
No way a first-year associate makes only 70k more. |
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Date: June 3rd, 2012 11:21 PM Author: Sapphire histrionic shrine *it is 2006*
It's now 110k base + 50k LOLbonus |
Date: June 3rd, 2012 9:50 PM Author: cyan associate tanning salon shut the fuck up faggot. (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820211) |
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Date: June 3rd, 2012 9:52 PM Author: Jet arrogant dilemma about 40K difference (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820217) |
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Date: June 3rd, 2012 10:02 PM Author: vermilion legal warrant the difference isn't in starting salaries, it's in the potential over the next 5 years. (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820259) |
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Date: June 3rd, 2012 10:04 PM Author: Pale Tank Ratface even after 5 years u got some biglaw associate clearing 200k+ vs. 300k+.
is that a big difference in being able to go out? i think its not that big of a deal |
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Date: June 3rd, 2012 10:05 PM Author: vermilion legal warrant it's about upside potential vs average (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820283) |
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Date: June 3rd, 2012 10:07 PM Author: Pale Tank Ratface ok but say there are two 25 year old guys starting off in their jobs together and they are roommates (one ibanker and 1 biglaw associate).
can they hang out together comfortably? or is it gonna be like some 40k dude hanging out with a 80k dude. |
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Date: June 3rd, 2012 11:18 PM Author: glittery smoky rehab What the fuck does this even mean? I literally don't understand what you're talking about. (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820776) |
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Date: June 3rd, 2012 11:21 PM Author: vermilion legal warrant (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820811) |
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Date: June 3rd, 2012 11:21 PM Author: kink-friendly juggernaut Breh, 65K a year banking analysts straight out of college can model and bottle together. BigLawyers can model and bottle all they want, the difference is that lawyers are beta aspies and bankers are alpha (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20820810) |
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Date: June 4th, 2012 2:33 AM Author: Salmon legend point If you are enough of a faggot to think an 80k dude can't hang with a 40k dude, please kill self. It will do us all a favor. (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20822171) |
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Date: June 4th, 2012 2:40 AM Author: Turquoise big potus the diff is that most ibankers actually need social skills.. they all hang and party with their ibanker friends, its part of the culture
in contract BIGLAW associates just fuking bill hours.. being social and partying is actually frowned upon.. its two totally different environments |
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Date: June 4th, 2012 2:44 AM Author: motley ivory institution jew It's not. The biglawyer also gets bigger paychecks. (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20822202) |
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Date: June 4th, 2012 9:28 PM Author: glassy contagious hell assuming similar debt, just to make it remotely fair, that extra 40k makes it a lot more feasible to have a nice apt, that's about it (http://www.autoadmit.com/thread.php?thread_id=1962977&forum_id=2#20825909) |