| Topic Name: |
how much an analyst afford? |
| Message Name: |
Why do you care what |
| Date Posted: |
04/27/2000 |
| In Reply To: |
are you all who responded analysts?? what currently are you spending on your rent? the way i see it, i can afford about 1100, get 100 or so for my parents (being that they essentially require me to have a doorman) and then 200 from savings (2400 for the year)
i know that analysts live in new york -- how do they do it? |
| Message: |
Why do you care what everyone else is paying??? You should pay what you want (or, in your case - what your parents want since they still seem to be calling the shots).
Let's admit one thing: YOU CAN'T AFFORD TO LIVE IN MANHATTAN! Just b/c your paycheck says $45K and rent will only total 12K for the year (at the very, very least without fees and utils), you still can't afford it. Just b/c the one number is larger than the other, you simply cannot afford it (get my point).
Realistically, living expenses will take up to $1600-2000/month (clothes, food, rent, fees/utils, transportation, fun (?), etc., etc., etc...). Do the math - $100 dollars or less a week - god forbid you have an emergency. I had friends who made that much in allowance in High School. You can't live on it! What if you want to take a date out for dinner? At a nice place, $100 will barely cover the drinks and appetizers. What else can you do with $100 in NY (ride the subway for month, see a show by yourself, get mugged in central park, etc...)
I'm an 2nd year analyst at a BB and started out living in NJ (Hoboken). Once I banked a few bonuses, I moved to Brooklyn Heights. I've managed to live pretty well (at least the part of my life I've been able to live). Some of the analysts here do live in Manhattan - their the ones who always look hungry, tired and stressed from worrying about money (on top of all the other shit we have to deal with at work). Others live in NJ, Brooklyn or Queens (Astoria). These places are just as nice, if not nicer than Manhattan, though the commute can get to you if you live too far out. On the upside, I have:
1. Never paid more than $800/month.
2. Always had a nice 1 bedroom.
3. Never had trouble falling to sleep at night from noise in the street.
I guess it all comes down to what is more important to you: having a NY, NY address or saving money. I grew up poor, so the latter takes precedence, and it will take you longer to get rich living in Manhattan. I'm already way ahead of my peers, and the guys who pay $600 for dumps in Astoria are ahead of us all. It's all about bucks, kid.
enjoy your new job and town!
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