Edited for privacy
You’re working in ER in Milwaukee. Again, you’re working in ER in Milwaukee.
Agree
Mistake #1: getting 3 second tier MBAs?? Talk about a wtf moment.
^ I’m pretty sure PBF went to one of them, not all three.
also if you changed industries your old comp is not really relevant to what you make now. 100k in Milwaukee doesn’t sound terrible
100k for having zero experience sounds petty good, especially for your location.
What level were you hired in at?
Definitely agree.
+1
Research Analyst level which is the bottom at the firm
The 100K is INCLUDING bonus (which I hope to get). My base salary is lower. The base salary of my peers in banking, consulting and related are nearly 140K without bonus even in lower cost of living cities.
Who are these ‘peers’ you are benchmarking yourself against? Friends from school? Family members? Have they shown you their payslips?
Chances are, you are massively overestimating what you think your peers are earnings. Median household income in the US is $52k. Relax and enjoy life. You are doing ok by the sounds of things. The grass is not always greener on the other side.
if ER was supposed to be a fair comparison to the median US household income, then no one would do it.
To be fair, it sounds like a firm is giving you a ‘learning’ opportuity that you would unlikley have in a bigger citty at a better firm. I’d take it and be grateful for the opportunity, afterall:
- You went to a tier 2/3 B-school
- You have zero experience in ER
- You live in a tier-40 city for ER
You’re starting at the bottom because you are at the bottom. The plus side is EVERYTHING is up from here. Stop mopping and go grind out 2-years of hard work and get promoted to the Associate level. At that time i’d suggest causually looking for new firm and cosnider relocating to a better city (for ER).
How come Analyst is the bottom level in this job? I thought ER usually starts at Associate, and then you become Analyst later.