Texas Pay Scale and Deferred Comp Forum

[nonprofit-prophet]

So the texas pay scale is supposed to be more condensed relative to NYC. I'm not completely sure what the breakdown is for Texas, but I think it's close to this:

TEXAS
160,000
165,000
170,000
175,000
180,000
185,000
190,000
200,000

NYC
160,000
170,000
185,000
210,000
230,000
250,000
270,000
280,000

I've heard that the Texas firms use a deferred compensation system, where if you hit a certain number of hours, you make more money (separate from a bonus). Does anyone know if the texas scale I posted above already assumes deferred comp, or does the deferred comp get you closer to the NYC scale? Does anyone have any firsthand info about the deferred compensation system at Big Tex firms?

[patrickd139]

You forgot the part where you can buy this in Dallas for the same price as this in Manhattan.

Also, IBTexasSucks.

[nonprofit-prophet]

You forgot the part where you can buy this in Dallas for the same price as this in Manhattan.

Also, IBTexasSucks.

Actually, I'm trying to compare Dallas firms. One pays the TX scale and the other pays the NY scale. I like the TX scale firm more, but I'm trying to figure out how much money I'm leaving on the table.

[nouseforaname123]

Your Texas scale is way off. It might vary by firm, but top end is closer to $250k.

Deferred comp is a bit of a black box. Ask each firm about it if you make it to the CB stage.