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- Jan 4, 2008
When applied for my internship it was a 4.0. Since banks usually hire around 85-90% of their full-time class from their internship class, that GPA was the only one that really mattered. Graduated with a 3.75 though.
How do they tax your bonuses?
They tax our bonuses at a little less than 50% by my estimate. My signing bonus was 10k and I received around 6k cash. Since I just started, my 70k bonus will be my year-end bonus in July. The class above me that just got their bonuses a few months ago received around 35-40k after taxes if I'm not mistaken.
Bachelors in Economics. Investment banking analyst. 70k salary + 70k bonus. Lifestyle sucks but hopefully just two years and I'll be making way more with less hours.
Edit: ~18k student debt. Went to what was basically a community college for two years so that helped.
If you don't mind me asking, what school did you go to?
Also how did you break in? I'm a freshman in college planning on transferring to another school, what is your advice for someone trying to get into investment banking?
I would answer this question right now but I'm just about to leave work and the answer to this is long as ****. I'll get back to you in the AM.
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