Quote:
Originally posted by Ginger
See, this is what I was wondering though, and why I was asking about salary in with the question. What you pay for a studio is more than I make in a month, and I have a fairly decent job. Are the salaries in NY just that much higher ie. does an entry level job pay 50k in NY that would pay 25k in Wisconsin? Or are you just suppoed to "make do" and devote 90% of your paycheck to rent?
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No.
The highest paying entry-level job would probably be in finance (investment banking areas). In NYC those jobs pay a base salary of 55K and probably a bonus of 20+. In Chicago where the rent is much less, the same job would never pay less than 45 and usually runs between 45-55 base where the ones that pay 45 give larger bonuses at the end.
It's about the fact that more higher paying jobs exist in these areas more than anything else. They don't pay you so you can live nicely. They pay you because you need to be there to do the job and to entice you to be there and bring talent over the pay is high enough to cover your costs.
And lots of those entry level analysts still live paycheck to paycheck because they insist on having a certain lifestyle and usually end up being comfortable a couple years after grad school only.
-Rudey
--The rasmus - in the shadows is a catchy little song.