I was trying to get my personal finances together, so I am trying to get a sense for what is "normal" for folks that have done about 4 years in finance (2 years banking + 2 yearsbuyside). In particular, I am trying to get a sense for whether my spending is too high or too low. How much do you spend on rent and other expenses each year? How much do you save each year? How much have you saved to date? In your answer it would be helpful to get a sense for how many years out of school you are.
WSO Virtual BootcampsSee all
Popular ContentSee all
职业发展机会
2023年3月Private Equity
-
河滨公司 99.5%
-
Warburg Pincus 98.9%
-
Blackstone Group 98.4%
-
KKR（Kohlberg Kravis Roberts） 97.9%
-
Bain Capital 97.4%
Overall Employee Satisfaction
2023年3月Private Equity
-
Ardian 99.5%
-
河滨公司 98.9%
-
Blackstone Group 98.4%
-
KKR（Kohlberg Kravis Roberts） 97.9%
-
Bain Capital 97.4%
Professional Growth Opportunities
2023年3月Private Equity
-
河滨公司 99.5%
-
Bain Capital 98.9%
-
Warburg Pincus 98.4%
-
Blackstone Group 97.9%
-
Ardian 97.4%
Total Avg Compensation
2023年3月Private Equity
-
Principal (8) $676
-
Director/MD (22) $599
-
Vice President (85) $362
-
3rd+ Year Associate (86) $276
-
2nd Year Associate (192) $264
-
1st Year Associate (372) $228
-
3rd+ Year Analyst (28) $157
-
2nd Year Analyst (79) $133
-
第一年分析师（227） $122
-
Intern/Summer Associate (30) $80
-
Intern/Summer Analyst (288) $58
LeaderboardSee all
| 1 |
|
99.2 |
| 2 |
|
99.0 |
| 3 |
|
99.0 |
| 4 |
|
99.0 |
| 5 |
|
99.0 |
| 6 |
|
98.9 |
| 7 |
|
98.9 |
| 8 |
|
98.9 |
| 9 |
|
98.9 |
| 10 |
|
98.9 |
评论 （53)
Many friends of mine have done the 2 + 2 path. Typically $800k total comp so 200k/yr avg of the 4 years. Roughly $250k to taxes. That leaves $550k. I noticed $40k/yr of expenses typically. $150k total for 4 years roughly. Therefore $400k in cash saved up after 4 years from what I've seen.
Damn that is a pretty huge amount of Saving.
I'm Just finised my Master Degree in Paris and was wondering what type of job give you the 200K/Y and in which location ?
Sorry to ask but i will go forIBfor my first year and in paris the salary are very low
I believe he means that you don't start at 200k, just 200k average. So something like Y1 150k, Y2 175k, Y3 225k, Y4 250k
$40k a year of expenses in what city? If you are fairly normal among my peers you spend $2.5k per month on rent which alone is $30K.
All across the USA. Most of us are frugal. Would rather keep the cash for ourselves than give it away. I'm sure the expense numbers will go up significantly after the first 4 years because many are thinking about getting into homes
Ok that can't be true because cost of living varies by a factor of 2 across the USA.
Ok that can't be true because cost of living varies by a factor of 2 across the USA. It definitely does matter which city we are talking about and what you do for a living. The expenses of someone that works at an asset manager in Ohio from 9 to 6 will be different from someone that works at a mega-fund inNYC仅仅因为后者处于较高的生活区域，并且时间的时间成本更高（因此他们不能做饭等）
Sure. Think what you want. What I am telling you is they were all spending roughly $40k annually. The folks in chicago, dallas, Houston, atlanta, Charlotte, Cleveland, and seattle all lived higher "standard of living" lifestyles than the friends in san Francisco andNYC。我知道你在说什么
Yeah good luck finding me an asset manager in Ohio who's saved 400k at age 26.
$400k in savings over 4 years is quite ambitious in any tier-1 city. Agreed with other posters that the $40K in expesnes is very, very low - are you not factoring in dinners/drinks/bottles/vacations/gifts/gym membership/wardrobe upgrades and other miscellaneous
I totally hear you. This is not normal. That being said, I know many folks that have pulled it off.
您认为什么是正常的？
Anyone else? I always assumed $200k-$250k was a good number assuming total comp across the four years was around ~800k. And talking aboutNY/SF/LA specifically.
Damn, well I feel poor as fuck LOL
$400k in savings can take you a long way in terms of start-up capital if you feel like jump-starting personal ventures or businesses. I guess the trade-off here is not having time while on the job to work on these projects?
为男性创建了1步护肤解决方案。购买 +评论赞赏：
www.w34th.com
This data point is just wrong for like 90% of the 2+2 path - MAYBE, maybe if you were at Moelis/Centerview/Qatalyst to aMF....然后，当然，您可能做得很好。但是对于我们大多数人来说，这个数字简直太荒谬了。
The absolute best saver I know of, very rarely went out to drinks/dinners etc., didn't dress particularly flashy, no superfluous spending, purely focused on work - he told me he was breaching $150k which seems more accurate.
Keep in mind how strong equities have rallied over the past decade... my friends benefitted significantly from that.
~20 data points from my school and firm.
First yearIB- 3-6.5k monthly 2nd yearPE- 5-9k monthly
Outliers on both sides but this is the middle 80%.
Very helpful. Gave you SB. Can you tell us whether this includes or excludes bonus and what the geography is? Thanks so much.
在我看来，这对我来说是40万的，这对我来说是40万。是的，如果您的生活非常节省，那很好，但是在1级城市中，除非您真的过着低质量的生活（长途通勤，饮食差，饮食等）很难生活。
我生活在1级，可能平均每年60-70k。在早期的几年中，这是较低的。我过着美好的生活，但仍然有室友，为积分付出的大量假期付费，我吃了很多东西，但没有在俱乐部或类似疯狂的东西上吹钱。
In my opinion if you can max your 401k and put aside a few thousand a month after that, you're in good shape if you're early in your career and living in an expensive city. So many people in the NYs and SFs of the world will work a high paying job and still blow all their money. I think of the bankers I know that are living in 5k+ apartments by themselves, have a bunch of nice watches, lease a BMW, big nights out etc. In theory if you save no money, you can live that type of lifestyle on 300k a year, but its probably not a good idea to get used to that.
6.5k saved a month on 7k a month pre tax salary? (85000/12=7083)
I'm at 5 years, but here goes (and this is consistent with a lot of people I know in the industry). Also remember pay (and expenses) scale up in the latter years. Ie. saving a ton more now than when I first started working.
Avg comp: 185k / year Avg taxes: 65k / year Avg rent (NYC): 21.5k / year Avg other expenses (weekends, memberships, utilities etc): 30k / year
Savings = 68.5k / year so ~$342.5k over 5 years.
This is in line with my experience. Had about ~275k saved after 4.5 years out of college. 400k isn't out of the picture if I lived way more frugally (cut the gym membership, cut eating out, cut midnight snacks / drinks exceeding bank allowance, cut more happy hours, cut fancy electronics / furniture that I used like once a month max).
如果我弯曲了我的NYC易于。并添加了另一个室友（无论如何，无论如何您都不是作为银行家的回家，非常遗憾）。
Array
。
As a non-IB data point, I started in consulting inNYC而且我的全加入可能是85-> 100->120。在3年内节省了60-70kPE
I have done just that, finishing my 4th year so I have had only 3 bonuses, and only one on thebuy side。
我猜到目前为止总计约为580k£，我节省了〜160k£
在第2级城市完成第一年（2。5年分析师，SO SO TO 3.5岁）之后，以23.5万美元的价格看待23.5万美元。我在毕业后的五月开始工作，并且在 - > AS之间没有休息，所以我在劳动力中有更多的时间（3个完整的奖金和1根文根）。
Spend $12k a year on rent ($2k/mo with a roommate), probably $30k on food / dining / bars / travel, and probably another $10k在我的余生中（没有汽车或学生贷款）。预计今年将跌至底线90k美元，因此在结束4.5岁的Associate Stint后，$ 325K +的市场收益
I am ~3 years out (graduated in 2017) and have a total of ~$280k saved across all non-HSA accounts (401k, IRA, checking / savings), which includes market returns (so not purely dollars saved from compensation) but excludes equity compensation (small portion of bonus as RSUs). This includes 2 analyst bonuses, 1 pro rated bonus from taking an off cycle role, and 1 full year PE associate bonus. Based on my understanding of the expected cash component for my nextPEassociate bonus I expect to have >$400k saved by that point (~4 years out of school), assuming no material change inmarket valueof existing investments
After a certain point of cash reserves like 20-30k, are you all investing everything else in the market? Most finance professionals I've met are usually almost all in cash/hysavings and its interesting seeing many people on this thread invested in the markets.
Holding cash in this environment is not smart.Bonds aren这是一个明智的选择，要么是由于实际利率为负（名义率 - 通货膨胀=实际利率）。这就是为什么宽松的货币政策直接导致股票膨胀的原因。这是获得回报的唯一途径，否则您将丢失现金或押注污垢质量债券而不是违约。所以，是的，我和我认识的许多人在节俭生活后将一切都倾倒到市场上。
when it comes to investing the bonus, do you personally just do a one time lump sum investment. Or do you try and spread out the investments over the course of the year.
Exactly. Holding cash is like watching your pile of savings slowly melt away. Need to be investing to keep up with the insane money printing
3 years of corp fin + 3.5 years ofIB。Tier 1 city. Didn't save much during my first 3 years as all-in comp was around $100-105k. Have saved 100% of my bonuses inIB现在节省了大约5万美元的基地。市场 /现金少于50万美元，$ 175K 401K。
〜2。5年的银行业务加〜2年的私人信贷，截至今年年底将在常规经纪和退休帐户之间节省约37.5万美元。我估计，大概$ 75,000的市场增长，3万美元的雇主捐款以及27万美元的捐款。这在4。5年以上的总计不到90万美元左右。我可能比大多数人花更少的花费在旅行和外出的时间里，但也不认为自己很节俭（租金约3100美元，大量的食物送货，一些饮料，衣服等），但是如果您为401k做出了很多贡献并节省您几乎所有的奖金都应该处于良好状态。
How much did you contribute yearly into 401K your first few years out of school?
For the two full analyst years maybe 10-12% of base salary though wish I'd done more, and then the last two years I've maxed out pre-tax contributions and this year adding some post-tax mega backdoor roth contributions on top of that.
3 years split between consulting and something else (both had trash bonuses) and now starting 4th year inPE（尚无奖金）节省了315美元
I never answered my own thread. I have saved $550K as of this year (pro forma for my bonus which comes soon). I have worked for 5 years (2 yearsIB, 3 years public markets) but I have quit jobs at weird times, so I actually have collected 3 full bonuses (though I have gotten 3 stub bonuses). I have also taken long vacations essentially between jobs (4 months after banking, 4 months before I started my most recent job). It's intuitive how much "operating leverage" you have as a person (it makes you quite unlike a company) -- almost all of these savings have come from working in public markets when I have made $400K+ annually.
I have saved this amount without being particularly frugal. IMO the biggest lever you can pull if you are on the high finance route is to earn more and not to save more. My main expenses are rent (~$50K a year), eating out (~$15K), and healthcare (~$10-15K a year). I am kind of a crazy person so I spend a lot every year out of pocket on my mental health which adds up very fast ($200 per visit 50 weeks a year for a therapist, $200 per visit 10 weeks a year for a psychiatrist). If I wanted to live cheaply, I probably could but I don't.
这让我感到震惊...有帮助，但只有在财务论坛上...大声笑...
Good thread. For more experienced people (8+ years of total work experience, i.e. ~30 years old), how much have you saved?
Does anyone else feel broke despite having low to mid six digits saved
Irecognize对于我们这个年龄的队列，我们有很多钱，但我总是感觉破产，因为它总是感觉slike there are so many people making so much more money
Dolore alias aspernatur est est et minus. Est repellendus consequatur omnis pariatur dolores. Autem possimus repudiandae ea.
Aut mollitia hic libero voluptatem libero. Ad quia quis consequatur qui nesciunt non porro. Consequatur minus aut inventore soluta velit voluptatum. Dolor aut amet suscipit qui reiciendis. Autem necessitatibus dolore quaerat.
Animi sunt animi occaecati praesentium accusantium sequi. Ut esse culpa distinctio inventore occaecati soluta consectetur. Minima unde nulla iste ducimus velit vero. Quaerat voluptatibus dignissimos deleniti et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus:6 financial modeling lessons free($199 value)
orUnlockwith your social account...
Repudiandae voluptatem veritatis eligendi excepturi neque et dolor. Saepe excepturi sequi ut ut nam consequatur nobis nostrum. Similique perspiciatis nisi ipsum quam minus. Dolores sint fuga at.
Sed facilis facilis ut et. Et non tempora sunt rerum. Quae nam magni quaerat. Consequatur autem voluptatum minus doloremque officiis aut aut temporibus.
Sint aperiam est cum saepe omnis. Ad sit in eos occaecati velit vel itaque ut.
Id sint impedit aut autem quod quis. Est odio ea repellendus quibusdam facere. Asperiores similique impedit est.