NY Biglaw Actual Pay Forum

Anonymous User · Post by **Anonymous User** » Wed Aug 19, 2015 6:46 pm

I know first year associates in NY make $160k + bonus, but I'm curious about what the actual take home amount is for people.

Things I'd like to know:
- Do you get paid weekly, bi-monthly, monthly, etc...
- What is your approximate net income
- Single/Married/Dependents
- How much do you spend in rent

Thanks in advance for the info!

Anonymous User · Post by **Anonymous User** » Thu Aug 20, 2015 11:08 pm

Would also like to know. Also, how do bonuses work / how much are they typically for NY firms?

lhanvt13 · Post by **lhanvt13** » Fri Aug 21, 2015 12:17 am

Can we get responses for all major cities? Very curious

RaceJudicata · Post by **RaceJudicata** » Fri Aug 21, 2015 12:25 am

search "take home pay calculator" and plug in the state. ADP has one that I have found to be pretty accurate for past jobs. Can break it down length of pay period, etc.

Anonymous User · Post by **Anonymous User** » Fri Aug 21, 2015 12:48 am

Shit I Just did ADP and came out to only 95k a year (single, no dependents). That is depressing.

cookiejar1 · Post by **cookiejar1** » Fri Aug 21, 2015 1:06 am

But did you put 190K in?

lhanvt13 · Post by **lhanvt13** » Fri Aug 21, 2015 4:33 am

cookiejar1 wrote:But did you put 190K in?

Asking the important questions.

mr.hands · Post by **mr.hands** » Fri Aug 21, 2015 5:21 am

Anonymous User wrote:Shit I Just did ADP and came out to only 95k a year (single, no dependents). That is depressing.

95 is consistent with what I've heard. Not a lot for a place like NYC

Anonymous User · Post by **Anonymous User** » Fri Aug 21, 2015 5:24 am

95k is not a lot but it seems that for many associates the only real nondebt payment expenditure is rent.

Anonymous User · Post by **Anonymous User** » Fri Aug 21, 2015 9:13 am

95k, in my pocket, is a LOT of money.... At least to me it is.

JamMasterJ · Post by **JamMasterJ** » Fri Aug 21, 2015 9:15 am

I'd always heard (and calculated) that NY is more like 105K?

mr.hands · Post by **mr.hands** » Fri Aug 21, 2015 9:37 am

JamMasterJ wrote:I'd always heard (and calculated) that NY is more like 105K?

I've heard 95ish. Did you account for 10% state tax?

Anonymous User · Post by **Anonymous User** » Fri Aug 21, 2015 9:40 am

I just calculated 160k on a payroll calculator and it would be around 102k a year in NYC

Hutz_and_Goodman · Post by **Hutz_and_Goodman** » Fri Aug 21, 2015 9:43 am

What is take home if married?

Also I agree this should be based on new base of 190k

JamMasterJ · Post by **JamMasterJ** » Fri Aug 21, 2015 10:47 am

mr.hands wrote:
JamMasterJ wrote:I'd always heard (and calculated) that NY is more like 105K?
I've heard 95ish. Did you account for 10% state tax?

I think it took into account both state and fucking NYC tax. Did the state rate get raised or something? ETA: Yeah I'm getting about 98, though it's close to 105 assuming a 10k bonus, so maybe that's what I was using last time I looked. Market bonus is a foregone conclusion in the group I'm joining.

legends159 · Post by **legends159** » Fri Aug 21, 2015 10:48 am

Anonymous User wrote:I just calculated 160k on a payroll calculator and it would be around 102k a year in NYC

~$100K is more accurate; the person posting $95K is likely accounting for medical/dental and probably commuter costs; possibly even FSA medical. Most firms have shitty medical and the premium is around $300-500/mo and much more if you have dependents (I was paying over $1K/mo to get my spouse/kid on insurance).

Anonymous User · Post by **Anonymous User** » Fri Aug 21, 2015 10:51 am

What? I thought full medical was fairly standard.

legends159 · Post by **legends159** » Fri Aug 21, 2015 10:52 am

Anonymous User wrote:What? I thought full medical was fairly standard.

LOL No. Also expect high deductibles. I've since gone in-house where full medical is standard and no deductible - saving me $15K a year on medical alone.

orangecup · Post by **orangecup** » Fri Aug 21, 2015 11:41 am

It's around 8.2k/month for a single person.

Anonymous User · Post by **Anonymous User** » Sat Aug 22, 2015 9:22 am

Person who calculated 95 k here. My bad, I didn't include a bonus, just used a base of 160k.

Pneumonia · Post by **Pneumonia** » Sat Aug 22, 2015 9:58 am

Anonymous User wrote:95k, in my pocket, is a LOT of money.... At least to me it is.

It's not in your pocket if you have loans.

Anonymous User · Post by **Anonymous User** » Sat Aug 22, 2015 10:12 am

orangecup wrote:It's around 8.2k/month for a single person.

Just 8.2k/month to work 16 hour days and sometimes on weekends, where I would be made to feel guilty for taking 2 weeks vacation of the 4 weeks I am allowed, with no time for family, friends, holidays etc. ?

At that rate, I would rather be self-employed.

legends159 · Post by **legends159** » Sat Aug 22, 2015 12:26 pm

Most lawyers aren't creative, innovative or entrepreneurial enough to be self employed so we just grind away for our $8,200 a month until we can't anymore.

dixiecupdrinking · Post by **dixiecupdrinking** » Sat Aug 22, 2015 12:37 pm

It's a ton of money and almost definitely more than any of you can make in any other way. Jesus Christ.

UnfrozenCaveman · Post by **UnfrozenCaveman** » Sat Aug 22, 2015 2:26 pm

How many threads in this forum ask what take home pay is on 160 in NYC while others lash out when people complain about how much their actual pay is?

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