Washington, D.C. vs. New York Major: BS Mathematical Economics Job Title: Financial Analyst

Salaries WashingtonNew York # Employed10,88033,030 Starting Salary$51,700$63,390 Median Salary$89,530$107,490 Top Earners$174,680$226,840

Expenses Costs of LivingWashingtonNew York Rent-one bedroom$900$1,400 Rent-two bedroom$1,300$1,800+ Transportation$ day metro$ day subway Groceries~$240$300 Utilities$250$370 Health Insurance$137$335 Income Tax8.5%12.7%

Graduate School Washington- GeorgetownNew York- Columbia Tuition$47,754$28,728/semester Room and Board$20,296$18,252 Books$1,300$2,000 Personal$1,320+$3,626 Estimated Total Cost$73,040$81,334

Effects of Graduate Degree on Salaries  After analyzing the effect of a graduate degree on the earnings of financial analysts, NACE showed no difference  Would spend a lot of time and money on graduate school, for no increased opportunity or starting salary  However, if interested in a different, more specialized career, might prove good option  Variety of occupations listed that employ candidates with more advanced degree than a bachelor’s

Job Titles/Earning Options  Credit Analyst  Sales Engineer  Economist  Economics Professor  Insurance Underwriter  Research Assistant  Environmental Economist  Statistician

Conclusion  I would choose to live in New York City!  Higher starting salary, but higher cost of living, rent, groceries, etc.  Change of scenery  Graduate school does not seem like the best option-expensive  Doesn’t give much an advantage IF looking to become financial analyst