rayiner wrote:Bronte wrote:Desert Fox wrote:NYC to 190
CHI to follow with 50% better COL?! Or both just stay at 160...
Not just COL, but taxes too. Net monthly pay for a first year ($160k+ $7.5k bonus) in NYC is ~$8,400/month. In Chicago it's $9,200. To have the same net pay, an NYC firm needs to pay a $25k bonus. What's also pretty shocking is that a first-year WLRK associate making 40% bonus is bringing home only around $1,000 more than a K&E associate working above-average (but less than WLRK) hours. That's even before accounting for cost of living. If both live in a modern high-rise near work, the WLRK associate has less money in his pocket just after paying rent, much less anything else.
Ok fine, but you have to be willing to live/freeze-your-ass-off in Chicago.