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What salary should I ask for? Junior finance role. They are offering $65/year in NYC. (self.nyc)

submitted 5 months ago* (last edited 5 months ago) by Pat12 to c/[email protected]

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I am interviewing with a company where they are offering $65K/year in NYC for an analyst (junior level) role. The senior analyst position is $85K/year. These salaries seem extremely low for NYC (although I'm not from NYC or even the US). What would be an appropriate salary to ask for for a junior analyst role? It involves financial modelling. I want this kind of job but I also want to be able to live without too much stress.

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[–] [email protected] 8 points 5 months ago* (last edited 5 months ago) (7 children)

In a finance position, a lot of your compensation will be in bonuses. Ask about those.

Also, if you want a job without stress, you picked the wrong field.

[–] Pat12 2 points 5 months ago* (last edited 5 months ago) (6 children)

bonus is up to 10%

i can deal with work-related stress but if i have to worry about paying bills, that's what i completely want to avoid.

[–] [email protected] 2 points 5 months ago (5 children)

Up to 10% quarterly or annually? Because those earnings numbers may be calculated differently (and getting your bonuses quarterly will make paying your bills easier than getting them annually).

Also, regarding bills, what’s your other compensation like? Gym membership, health insurance, company housing, that other stuff that cuts down on living expenses. That can add up to a lot.

[–] Pat12 1 points 5 months ago (1 children)

10% annual and prorated. no other compensation. just salary and up to 10% bonus. no gym membership or housing etc mentioned.

[–] [email protected] 4 points 5 months ago* (last edited 5 months ago) (1 children)

Not even a company health plan, 401k, or stock options? Damn, that’s pretty slim. Are you 1099 or W-2?

[–] Pat12 1 points 5 months ago (1 children)

Not sure what that means but yeah, no health plan or stock options. There's a 401K with some matching. It's just the salary with the bonus.

[–] [email protected] 2 points 5 months ago (1 children)

1099 and W-2 are your tax status with the company— 1099 is contract employment, W2/W4 is full-time. Full-time employees are required to be given health insurance by their employer. It’s the law.

Yeah, your benefits package is pretty terrible. I’d push for more, especially considering that you’ll be paying out-of-pocket for your health insurance.

[–] Pat12 1 points 5 months ago

hmm maybe there is health insurance but it wasnt mentioned during the initial call. i ask for compensation of 90-100K, said it was negotiable and expect it will be negotiated down, at least it wont be 65K.

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