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Old 01-03-2013, 03:18 PM
 
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How do you feel about it?

Just wondering because I have an upcoming interview in NYC and the salary is starting with $45K + bonuses. With the cost of living, I don't know if this is okay so I wanted to ask "vets" of the workforce for their opinion.

Thanks.
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Old 01-03-2013, 03:25 PM
 
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Which industry? In the financial industry that's reasonable for entry level since you would expect anywhere from 70% to 150% bonus. Any job is better than no job but $45k might price you into brooklyn, queens or parts of NJ.
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Old 01-03-2013, 03:37 PM
 
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Quote:
Originally Posted by NJBest View Post
Which industry? In the financial industry that's reasonable for entry level since you would expect anywhere from 70% to 150% bonus. Any job is better than no job but $45k might price you into brooklyn, queens or parts of NJ.
Thanks. And that is interesting about the bonuses.


It's in the Finance industry and I have relatively no experience...and I'm unemployed. I currently live in Hackensack, NJ but I would probably to to move to Fort Lee or Jersey City.
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Old 01-03-2013, 03:43 PM
 
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I had a friend who started out at about $40k I think. She started living in Hoboken, NJ, which I guess is a pleasant area with a lot of young professionals. I don't think it's bad for entry level at all. I started out at around $32k in Denver. That's probably about the equivalent given the COL difference.
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Old 01-03-2013, 04:35 PM
 
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Tough to live in lower Manhattan on that salary, even with roommates. I would look for somewhere in Brooklyn or Northern NJ. If you have 2-3 roommates, you can probably find a place in the $1200 range, which sounds doable. However, in lower Manhattan these same places could run as high as $1,800 a month, which is a big difference.
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Old 01-03-2013, 05:53 PM
 
Location: NYC
16,061 posts, read 26,635,793 times
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Quote:
Originally Posted by nj21 View Post
How do you feel about it?

Just wondering because I have an upcoming interview in NYC and the salary is starting with $45K + bonuses. With the cost of living, I don't know if this is okay so I wanted to ask "vets" of the workforce for their opinion.

Thanks.
For entry level, that is excellent. There are plenty of areas around the city you can live that are affordable. Good luck with the interview!
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Old 01-04-2013, 04:17 PM
 
Location: NYC
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I started off making something like that in NYC and I lived in Hackensack with a roommate. I'm not sure you will be able to afford Manhattan but it's a perfectly livable wage.
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Old 01-05-2013, 09:55 AM
 
Location: New Jersey
11,190 posts, read 9,000,654 times
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Quote:
Originally Posted by nj21 View Post
Thanks. And that is interesting about the bonuses.


It's in the Finance industry and I have relatively no experience...and I'm unemployed. I currently live in Hackensack, NJ but I would probably to to move to Fort Lee or Jersey City.
Concentrate on landing the job first and then worry about the salary. I know people with 5+ years on experience who would interview for that job at that salary. The unemployment is still high. Also, It's an employer's market out there. Remember, you have no relative experience in this job/field so you can't really expect a high salary.
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Old 01-29-2013, 07:29 PM
 
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Quote:
Originally Posted by NJBest View Post
Which industry? In the financial industry that's reasonable for entry level since you would expect anywhere from 70% to 150% bonus. Any job is better than no job but $45k might price you into brooklyn, queens or parts of NJ.
I got the job! I started a new post but I should have just posted in this one. I forgot I made it since it is from the beginning of the month.

Quote:
Originally Posted by Adhom View Post
I started off making something like that in NYC and I lived in Hackensack with a roommate. I'm not sure you will be able to afford Manhattan but it's a perfectly livable wage.
I live in Hackensack now with my grandmother. I don't really like it very much. I'm considering moving to Edgewater or Weehawken, with a roommate of course.
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Old 01-30-2013, 05:51 AM
 
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When I first started working in a different industry, I made about 45K with no bonuses in NYC. All of my co-workers made the same. We all lived in NYC and we were fine. (We all lived in Brooklyn/Manhattan.) It's completely doable, though it would be easier in Brooklyn. (And maybe even cheaper for you in Staten Island.)
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