Friday, June 10, 2011

The Good Times Roll For Young Wall Street Analysts: 23 Year Olds Now Getting Paid $220,000 - $300,000 To Join PE Firms


According to BusinessInsider, young analysts on Wall Street are finally realizing what they're worth to the firms that employ them for grueling 18-hour work days.
Apparently, that number is now around $220,000 to $300,000 -- the number private equity firms have to offer top analysts in order to lure them away from investment banks which are also struggling to keep them.

(Those are around the same numbers that many 25 and 26-year old private equity analysts, who have been working there for at least a year, are currently making. When they joined a year ago, they were offered about $200,000.)

In many ways, the opposite used to be true. College graduates used to clamor to join 1-2 year analyst programs at investment banks only to consistently work 12-18 hour long days without thanks. Now some of the power is shifting back to the analysts. There's a fight for the best and brightest young bank stars, and the 23-to-24-year olds are reaping all of the benefits….

Wait, wait...there’s more. Find it at: http://www.businessinsider.com/young-wall-street-analysts-now-getting-paid-220000-300000-to-2011-6

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