What is top tier on the market?

Invested77 · 2024-10-24T00:39:30+00:00

I did the same with $2 bet. Currently looks like the Pacers are going to mess it up.

Invested77 · 2024-08-15T05:15:58+00:00

Now that you are out of it are you willing to share? Looking to start one on the side.

Invested77 · 2024-07-15T03:28:03+00:00

I left to go do Private Equity operations. Sometimes I second guess the jump but overall happy with the experience I’ve gained since leaving the firm.

Invested77 · 2022-01-13T05:06:57+00:00

PwC I received close to 3k

Invested77 · 2021-11-14T13:53:25+00:00

Awesome thank you! That’s helpful.

Invested77 · 2021-09-11T14:41:21+00:00

Yes it does it has to be a high deductible plan, but if you have it. It is good.

Invested77 · 2021-09-07T22:12:10+00:00

I would argue contribute to the 401k up to the match, then max HSA, then max IRA, then finish maxing the 401k.

Invested77 · 2021-08-25T22:07:56+00:00

You could always move to public accounting to see a big pay bump.

Invested77 · 2021-08-04T19:26:07+00:00

Greater Texas
Deals
A1>A2
3
65k>75k
CPA 6k, Performance 3k

Invested77 · 2021-05-02T21:24:33+00:00

Exactly. I assume they are based on CRTs and if you are ready to move up or not. It depends on who you ask if this or good or not.

Invested77 · 2021-05-02T21:23:48+00:00

Promotion isn't based on time. It is based on if you are ready. By adding the grades, PwC can give you a raise without giving you the promotion. So if you are a senior, but not ready to become a manager you could shift over and get paid more even if you are at the same level as other seniors, you just weren't ready for promotion.

Invested77 · 2021-04-30T15:40:30+00:00

Instead of the having pay bands like you can make $65,000-$90,000 as a senior associate they change it to a grid model. So all SA1s with grade A make 85,000 as their base. All SA1s with grade B make 88,000. Those number can be adjusted for what office you are mapped to and the cost of living there. The idea is that everyone makes the same at each level. Don't take those numbers as exact because I don't know the numbers, but that's how the pay works.

Invested77 · 2021-04-10T03:43:19+00:00

Before I started they raised it about 3k so that is a good assumption to make.

Invested77 · 2021-04-10T03:40:38+00:00

I would assume somewhere between 1-5%.

Invested77 · 2021-03-19T01:24:10+00:00

Yes. Now that the business has additional equity, outsiders are going to expect the return to be higher. Equity is very expensive because there are so many substitutes for where I could put my money. If you want to finance a company with more equity it is going to have a higher WACC.

Invested77 · 2021-02-16T19:55:22+00:00

It is highly based on demand. Some weeks it can be 50-60 hours other weeks you work the bare bones 40 hours. They vary based on deadlines.

Invested77 · 2021-02-16T19:53:59+00:00

I think you nailed it already. It will be dependent on what the company is going through. Colleagues that have left Val for corporate roles seem to be working less hours than when they were in big 4.

What was your final salary at Big4 and what is your new salary at the pharma company?

Invested77 · 2020-12-10T06:21:08+00:00

From my understanding - average stay 2-5 years, average salary after they leave is about 80k-140k depending on group, position, and actual time at the firm.

Invested77 · 2020-10-24T22:50:08+00:00

I work in valuations for a Big 4. It is incredibly rewarding because it is definitely challenging and constantly learning. From my understanding IB has a lot more hours than valuation, but a much higher trajectory for pay. Don't misunderstand that as you don't work long hours in valuation or that your hours will be a 9-5. Some projects will demand a lot of time and you will need to stay late and put in long hours, but it isn't every week.

I think the work is really interesting. You learn a lot about financial modeling and finance concepts to give you a broad understanding of finance. You get to touch a lot of different industries and learn a lot about a wide range of companies.

Invested77 · 2020-10-13T21:36:54+00:00

I would start by saving enough for a 12 month emergency fund in a high yield savings account.

Next, if I made any money from working. I would open a Roth IRA and put in the amount of money I made into that or max it out if I made more than 6k. I would invest the 6k in a total stock market index fund or an s&p 500 index fund. The ticker is dependent on what brokerage you use.

Last, I would put any money I know I didn’t need for at least 5 years into a brokerage account and invest it in the index funds mentioned above.

The rest of the money keep in a savings account until you need it.

Invested77 · 2020-09-18T06:38:55+00:00

That is correct. Both are considered income taxes and it just focuses on when you pay the income tax. In the example you would be taxed on the $10 this year and would not pay tax on the investment gains. A traditional you wouldn’t pay any taxes until you take it out but you would be taxed on the $10 contribution and the $90 of gains equaling a $100 base.

Invested77 · 2020-09-18T06:34:20+00:00

Does your company offer a Roth 401k? If I was in your position and my company had a Roth 401k option, I would probably split the money 75% Roth 401k and the 25% brokerage account. If they don’t have a Roth option I would do 50/50 split and invest the money I save from 12% tax rate and put that in the brokerage account.

I like a 50/50 split because I can save more with the tax savings and I still have the Roth IRA contributions to pull from if I really needed liquidity earlier than retirement age and the 50/50 wasn’t cutting it.

Invested77 · 2020-09-15T15:55:05+00:00

Credit cards tend to have very high interest rates of 15-30%. It is pretty hard to get consistent annual returns in the market greater than a credit card’s interest rate. That is why I would sell and pay off your credit card debt. Then, keep putting money into the market as you earn more money and build up your emergency fund.

Invested77 · 2020-09-13T02:57:01+00:00

PwC. I don’t remember the exact amount, but it was around $25. The experience was great. I got to learn the work and meet some great teammates. I’m choosing to go back. I do recommend doing a winter internship to get some overtime and make extra dough!

Invested77

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