In today’s paper the New York Times Reports on the return of Big Bonuses on Wall Street; most important to MBA candidates:
“First-year associates, those just out of business school, can expect a range of $200,000 to $270,000 in total compensation — base pay, bonus and long-term compensation — while a first-year analyst, just out of college, can expect to make $105,000 to $145,000. Guarantees — contracts which promise to pay bankers a fixed amount for a certain number of years — are back, but only one- and two-year contracts, Mr. Johnson said. At the height of the technology boom, three-year guarantees were commonplace.”
While this should be exciting news for MBAs seeking to quickly pay off their business school debts, this is a double edged sword for candidates – the promise of a lucrative payday, but also greater competition as more and more candidates are lured from other jobs to apply to school.
For the full article:
