Curious about the compensation for Goldman Sachs in SLC. My friend will be functioning in the credit danger group and also told me his salary is just $46K and no signing bonus, althought he will certainly still be paid an annual bonus based performance. Is this type of compensation typical in SLC? I understand SLC is cheap come live in through wouldn"t a value of just $46k be too little? specifically considering that bonuses in MO or BO functions are only a little percentage of the base salary. Is the also possible some experts are payment a different base salary?
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Dec 22, 2014 - 1:38pm
Doesn"t surprise me. Ns think Baltimore ms is like 42k and
">JPM Newark, DE is choose 60k. Can possibly different between details groups, but likely not between individual analysts.
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Dec 22, 2014 - 2:23pm
Check out this price of life calculator:http://money.cnn.com/calculator/pf/cost-of-living/
Salt Lake City is really cheap location to live.
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Dec 22, 2014 - 3:53pm
That makes sense, I have heard people tell me making $50k in SLC is the indistinguishable of about $120k in Manhattan.Still $120k in Manhattan is like lower middle class at best, however I guess anyone that starts working out of university is intended to it is in underpaid.
Also, I"m interested in follow this position like mine friend. Would it it is in reasonable to expect a bonus of on median $5k or an ext after tax?
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Dec 26, 2014 - 2:28pm
let"s perform the mathematics here. It"s about 40% taxes on bonus. 5k after tax is tantamount to about 8.3~8.5k. Assuming a 45~46k basic salary, the is indistinguishable to 18%. Carry out I think the is realistic/reasonable? no. But i don"t live in slc nor carry out i occupational in ">BO, so i don"t know the details. I would guess 10~15% is a reasonable estimate, if not less. Ns heard ppl acquire 4k after tax on average. To me, ">BO is identical to corp finance job. Simply my 2cents
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Dec 28, 2014 - 3:06pm
i work in ">BO in SLC at a similar firm. 46k is A1 salary in ~ ">GS (be advised the a out of UG friend would start as a "New Analyst" = A0. And also 10% bonus is ~ above the higher end of her performance based review( so i heard native a buddy in ">BO there) . Bang to A2 , you deserve to expect a 200/ paycheck bump spread through the yr (24 checks).
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Dec 29, 2014 - 2:58am
i occupational in
">BO in SLC at a comparable firm. 46k is A1 salary at
">GS (be advised the a the end of UG friend would begin as a "New Analyst" = A0. And also 10% bonus is top top the higher end of her performance based review( so ns heard indigenous a buddy in
">BO there) . Bang to A2 , you deserve to expect a 200/ paycheck bump spread out through the yr (24 checks).
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I don"t recognize what you average by A0, A1, or A2 salaries. Are they various levels that salary?
Also what did you median by "200/ paycheck bump spread out through the yr (24 checks)?"
Now I probably went overboard when I said $120k in Manhattan is "lower middle class at best" but I think it"s generally agreed that it"s still not considered a lot through ">NYC standards. Although certainly with revenue taxes and housing aside, there"s absolutely money left because that a fairly decent living. If that price of life calculator is fairly accurate, it estimates making $50k in SLC is identical to around $115 in Manhattan, which appears to average that $46k with a $4k bonus after-tax (Probably a reasonable expectation) yields a an in similar way decent lifestyle.
Now correct me if I"m wrong, yet for one analyst in ">NYC today, isn"t $115k in salary + bonus considered much more on the high end?