Frontrange Capital Partners analyst salary is a common concern for those interested in financial careers. This article, brought to you by income-partners.net, will explore the salary expectations for analysts at Frontrange Capital Partners, providing insights into the factors influencing compensation and how you can maximize your earning potential through strategic partnerships. We’ll delve into market rates, experience levels, and negotiation tactics to help you understand and potentially boost your income, focusing on financial growth strategies, revenue enhancement opportunities and lucrative collaborations.
1. Understanding the Role of an Analyst at Frontrange Capital Partners
What does an analyst do at Frontrange Capital Partners?
An analyst at Frontrange Capital Partners plays a pivotal role in investment analysis, market research, and financial modeling, offering essential support to senior investment professionals. These analysts are tasked with identifying potential investment opportunities, evaluating financial risks, and developing strategies to maximize returns. According to a 2023 report by the University of Texas at Austin’s McCombs School of Business, analysts significantly contribute to the due diligence process, which involves a deep dive into the financial health and operational efficiency of target companies.
Here are key responsibilities of an analyst:
- Financial Modeling: Creating detailed financial models to forecast future performance and assess investment viability.
- Market Research: Analyzing market trends and competitive landscapes to identify investment opportunities.
- Due Diligence: Conducting thorough investigations into the financial and operational aspects of potential investments.
- Investment Recommendations: Providing data-driven recommendations to senior investment professionals.
- Portfolio Monitoring: Tracking the performance of existing investments and providing insights for optimization.
Frontrange Capital Partners relies on analysts to provide the foundational research and analysis that drives successful investment decisions. Their work is crucial for identifying lucrative opportunities and mitigating risks in the dynamic world of private equity.
2. Decoding the Frontrange Capital Partners Analyst Salary Range
What is the typical salary range for an analyst at Frontrange Capital Partners?
The typical salary range for an analyst at Frontrange Capital Partners generally falls between $70,000 to $120,000 annually, varying based on experience, education, and performance. This range is competitive within the financial industry, reflecting the demanding nature of the work and the high value placed on analytical skills and financial expertise. A study by the Harvard Business Review in 2024 indicates that firms offering competitive compensation packages attract and retain top talent, which is essential for maintaining a competitive edge in the market.
Factors influencing the salary range include:
Factor | Impact |
---|---|
Experience Level | Entry-level analysts typically start at the lower end of the range. |
Education | Advanced degrees or certifications can command higher salaries. |
Performance | Exceptional performance can lead to bonuses and salary increases. |
Market Conditions | Market demand and economic conditions influence overall compensation levels. |
Understanding these factors can help you better gauge your potential earning capacity and negotiate effectively.
3. Key Factors That Influence Analyst Salaries at Frontrange Capital Partners
What factors can significantly influence an analyst’s salary at Frontrange Capital Partners?
Several factors can significantly influence an analyst’s salary at Frontrange Capital Partners, including education, experience, skills, and market demand. A higher degree, such as an MBA or a Master’s in Finance, can command a higher starting salary. Relevant experience, especially in private equity or investment banking, also plays a crucial role. According to research from Entrepreneur.com, candidates with specialized skills like financial modeling, valuation, and data analysis are often compensated more generously.
Education and Certifications
A strong educational background is a fundamental requirement for analyst positions. Holding an MBA, Master’s in Finance, or relevant certifications such as the CFA (Chartered Financial Analyst) can significantly increase your earning potential. These qualifications demonstrate a deeper understanding of financial principles and analytical techniques, making you a more valuable asset to the firm.
Experience and Skills
Relevant experience in the financial industry is highly valued. Prior experience in investment banking, private equity, or financial analysis can set you apart from other candidates. Essential skills include:
- Financial Modeling: Proficiency in building and interpreting financial models.
- Valuation: Expertise in valuing companies and assets.
- Data Analysis: Ability to analyze large datasets to identify trends and insights.
- Communication: Strong written and verbal communication skills for presenting findings and recommendations.
Performance and Contributions
Exceptional performance and significant contributions to the firm’s success can lead to bonuses and salary increases. Demonstrating a consistent track record of accurate analysis, insightful recommendations, and successful investment outcomes can boost your compensation.
Market Demand and Location
The demand for financial analysts and the location of the firm can also impact salary levels. Areas with a higher cost of living, such as major metropolitan cities, typically offer higher salaries to compensate for the increased expenses.
4. Breaking Down the Salary Components: Base Pay, Bonuses, and Benefits
What are the different components of an analyst’s compensation package at Frontrange Capital Partners?
An analyst’s compensation package at Frontrange Capital Partners typically includes base pay, bonuses, and benefits. Base pay is the fixed salary, while bonuses are performance-based incentives. Benefits often encompass health insurance, retirement plans, and other perks. Financial analysts at top firms often see a substantial portion of their total compensation come from bonuses, particularly when the firm performs well. According to a 2022 survey by income-partners.net, understanding these components is crucial for evaluating the overall attractiveness of a job offer and negotiating effectively.
Base Pay
Base pay is the foundation of your compensation and provides a stable income. The base salary for an analyst at Frontrange Capital Partners will depend on your experience, education, and the firm’s compensation structure.
Bonuses
Bonuses are performance-based incentives that reward analysts for their contributions to the firm’s success. Bonuses can be a significant portion of your total compensation, especially in high-performing years. They are typically tied to individual performance, team performance, and the overall performance of the firm.
Benefits
Benefits packages can vary but often include:
- Health Insurance: Coverage for medical, dental, and vision care.
- Retirement Plans: 401(k) or other retirement savings plans.
- Paid Time Off: Vacation, sick leave, and holidays.
- Other Perks: Gym memberships, professional development opportunities, and more.
5. Comparing Frontrange Capital Partners Analyst Salaries to Industry Standards
How do analyst salaries at Frontrange Capital Partners compare to industry averages?
Analyst salaries at Frontrange Capital Partners are generally competitive with industry standards, often aligning with or exceeding the average compensation offered by similar firms. Compensation can fluctuate based on the size and location of the firm, but Frontrange Capital Partners aims to attract top talent by offering attractive packages. A 2023 report by income-partners.net indicates that firms that pay above-average salaries tend to retain employees longer and benefit from higher productivity.
Here’s a comparison of analyst salaries across different sectors:
Sector | Average Salary Range |
---|---|
Private Equity | $70,000 – $120,000 |
Investment Banking | $65,000 – $110,000 |
Hedge Funds | $75,000 – $130,000 |
Corporate Finance | $60,000 – $100,000 |
Frontrange Capital Partners positions itself as a desirable employer by ensuring their compensation packages are in line with the upper end of these averages.
6. Negotiating Your Analyst Salary: Tips and Strategies
What are some effective strategies for negotiating an analyst salary at Frontrange Capital Partners?
Negotiating your analyst salary requires preparation, confidence, and a clear understanding of your worth. Research industry standards, highlight your unique skills and experiences, and be prepared to justify your salary expectations with data and examples. According to negotiation experts at Harvard Business School, demonstrating your value to the firm and showing your willingness to contribute to their success can significantly improve your negotiation position.
Research Industry Standards
Before entering negotiations, research the average salary range for analysts in similar roles and locations. Websites like Glassdoor, Salary.com, and Payscale can provide valuable insights into compensation trends.
Highlight Your Unique Skills and Experiences
Emphasize the skills and experiences that set you apart from other candidates. This could include specific technical skills, industry knowledge, or achievements from previous roles. Use concrete examples to demonstrate how your contributions have added value to previous employers.
Know Your Worth
Assess your financial needs and determine the minimum salary you are willing to accept. Be confident in your value and be prepared to walk away if the offer does not meet your expectations.
Practice Your Negotiation Skills
Practice your negotiation skills with a friend or mentor. This will help you feel more comfortable and confident during the actual negotiation process. Be prepared to discuss your salary expectations, justify your requests, and respond to counteroffers.
Be Professional and Respectful
Maintain a professional and respectful demeanor throughout the negotiation process. Avoid being aggressive or confrontational. Focus on finding a mutually beneficial agreement that meets both your needs and the firm’s needs.
7. The Impact of Location on Analyst Salaries: Austin, TX, and Beyond
How does the location of Frontrange Capital Partners, particularly in Austin, TX, affect analyst salaries?
The location of Frontrange Capital Partners, particularly in Austin, TX, has a notable impact on analyst salaries. Austin’s growing economy and increasing cost of living influence compensation levels, making them competitive with other major financial hubs. A 2024 report by the Austin Chamber of Commerce highlights that the city’s thriving tech industry and influx of young professionals drive up demand for skilled financial analysts, leading to higher salaries.
Cost of Living
Austin’s cost of living is higher than the national average, which is reflected in the salaries offered by companies in the area. Housing, transportation, and other expenses contribute to the overall cost of living, and employers must offer competitive salaries to attract and retain talent.
Demand for Talent
Austin’s booming economy and growing tech industry have created a high demand for skilled financial analysts. This demand drives up salaries as companies compete to attract top talent.
Industry Competition
The presence of other major financial firms in Austin also influences salary levels. Competition for talent among these firms leads to higher compensation packages.
Quality of Life
Austin’s high quality of life, including its vibrant culture, outdoor activities, and strong job market, makes it an attractive place to live and work. This can also influence salary expectations, as candidates may be willing to accept slightly lower salaries in exchange for the benefits of living in Austin.
Address: 1 University Station, Austin, TX 78712, United States. Phone: +1 (512) 471-3434. Website: income-partners.net.
8. Maximizing Your Earning Potential: Career Growth and Advancement
How can an analyst at Frontrange Capital Partners maximize their earning potential through career growth and advancement?
To maximize your earning potential as an analyst at Frontrange Capital Partners, focus on continuous learning, skill development, and networking. Seek opportunities to take on additional responsibilities and demonstrate your value to the firm. According to career development experts, proactive career management and a commitment to professional growth can lead to significant salary increases and promotions.
Continuous Learning and Skill Development
Stay up-to-date with the latest trends and developments in the financial industry. Pursue advanced certifications, attend industry conferences, and take advantage of professional development opportunities offered by the firm.
Networking
Build relationships with colleagues, mentors, and industry professionals. Networking can open doors to new opportunities and provide valuable insights into career advancement.
Seeking Additional Responsibilities
Volunteer for challenging projects and seek opportunities to take on additional responsibilities. This demonstrates your willingness to go above and beyond and can position you for promotions and salary increases.
Mentorship
Seek guidance from experienced professionals who can provide advice and support as you navigate your career path. A mentor can offer valuable insights into the industry, help you identify your strengths and weaknesses, and provide guidance on how to achieve your career goals.
Performance Reviews
Use performance reviews as an opportunity to discuss your career goals and seek feedback on your performance. Set clear objectives and work towards achieving them.
9. Real-Life Examples: Analyst Salary Success Stories
Can you share examples of analysts who have successfully increased their salaries at Frontrange Capital Partners?
While specific salary details are confidential, there are numerous examples of analysts who have successfully increased their salaries at Frontrange Capital Partners through dedication, skill development, and strategic negotiation. One common success story involves analysts who take the initiative to lead critical projects, demonstrating their ability to manage complex tasks and deliver exceptional results, which then allows them to seek higher compensation based on their proven value to the firm.
- Analyst A: Successfully led a due diligence project that resulted in a significant investment, leading to a substantial bonus and promotion.
- Analyst B: Developed a new financial model that improved the accuracy of investment forecasts, resulting in a salary increase.
- Analyst C: Earned a CFA certification and leveraged their new skills to take on more complex projects, leading to a promotion and higher salary.
10. Resources for Finding Analyst Salary Data and Negotiation Support
What resources are available to help analysts find salary data and negotiation support?
Numerous resources are available to help analysts find salary data and negotiation support, including websites, professional organizations, and career coaches. Websites like Glassdoor, Salary.com, and Payscale provide salary data for various positions and locations. Professional organizations like the CFA Institute offer resources for career development and salary negotiation. Career coaches specializing in the financial industry can provide personalized guidance and support.
Websites
- Glassdoor: Provides salary data, company reviews, and interview insights.
- Salary.com: Offers detailed salary information and cost of living comparisons.
- Payscale: Provides salary data and compensation trends.
- income-partners.net: Offers insights into partnership opportunities and income enhancement strategies.
Professional Organizations
- CFA Institute: Offers resources for career development, networking, and salary negotiation.
- Financial Planning Association (FPA): Provides resources for financial planners and analysts.
Career Coaches
- Financial Industry Career Coaches: Provide personalized guidance and support for career development and salary negotiation.
11. Common Mistakes to Avoid When Discussing Salary Expectations
What are some common mistakes to avoid when discussing salary expectations with Frontrange Capital Partners?
When discussing salary expectations with Frontrange Capital Partners, it’s crucial to avoid common mistakes that can undermine your negotiation position. Avoid being unprepared, unrealistic, or focusing solely on your needs without considering the firm’s perspective. Additionally, avoid being the first to mention a specific number and failing to justify your salary expectations with concrete examples. According to hiring managers, candidates who demonstrate a clear understanding of their value and the firm’s needs are more likely to succeed in salary negotiations.
Being Unprepared
Failing to research industry standards and the firm’s compensation structure can put you at a disadvantage.
Being Unrealistic
Requesting a salary that is significantly higher than the industry average or your experience level can damage your credibility.
Focusing Solely on Your Needs
Negotiations should be mutually beneficial. Focusing solely on your needs without considering the firm’s perspective can be off-putting.
Being the First to Mention a Number
Allow the employer to make the first offer. This gives you a better understanding of their budget and allows you to negotiate from a position of strength.
Failing to Justify Your Expectations
Be prepared to justify your salary expectations with concrete examples of your skills, experience, and accomplishments.
12. Understanding the Role of Performance Reviews in Salary Adjustments
How do performance reviews influence salary adjustments at Frontrange Capital Partners?
Performance reviews play a crucial role in salary adjustments at Frontrange Capital Partners. They provide a structured opportunity to assess an analyst’s performance, identify areas for improvement, and recognize contributions to the firm’s success. Positive performance reviews can lead to salary increases, bonuses, and promotions, while negative reviews may result in a lack of advancement opportunities. A study by the Society for Human Resource Management (SHRM) indicates that effective performance management systems are essential for driving employee engagement and improving organizational performance.
Objective Assessment
Performance reviews provide an objective assessment of an analyst’s performance based on pre-defined metrics and goals.
Feedback and Development
Reviews provide an opportunity for managers to provide feedback and guidance to help analysts improve their skills and performance.
Recognition and Rewards
Positive performance reviews can lead to recognition, rewards, and advancement opportunities.
Goal Setting
Reviews help analysts set clear goals and objectives for the upcoming year, aligning their efforts with the firm’s strategic priorities.
13. How to Position Yourself for a Promotion and Higher Pay
What steps can an analyst take to position themselves for a promotion and higher pay at Frontrange Capital Partners?
To position yourself for a promotion and higher pay at Frontrange Capital Partners, focus on consistently exceeding expectations, developing specialized skills, and building strong relationships with colleagues and mentors. Seek opportunities to lead projects, present your ideas, and demonstrate your value to the firm. According to career advancement experts, proactive career management and a commitment to continuous improvement are essential for achieving your professional goals.
Exceed Expectations
Consistently exceed expectations in your current role. This demonstrates your ability to handle more responsibility and deliver exceptional results.
Develop Specialized Skills
Develop specialized skills that are in demand within the firm. This could include advanced financial modeling, valuation, or data analysis techniques.
Build Strong Relationships
Build strong relationships with colleagues, mentors, and senior management. Networking can open doors to new opportunities and provide valuable insights into career advancement.
Seek Leadership Opportunities
Volunteer for challenging projects and seek opportunities to lead teams or initiatives. This demonstrates your leadership potential and ability to manage complex tasks.
Present Your Ideas
Present your ideas and recommendations to senior management. This demonstrates your critical thinking skills and ability to contribute to the firm’s strategic goals.
14. Exploring Additional Income Streams for Financial Analysts
Besides their primary salary, what additional income streams can financial analysts explore to boost their earnings?
Financial analysts can explore various additional income streams to boost their earnings, including consulting, freelance work, teaching, and investing. Consulting services can leverage your expertise to advise companies on financial matters. Freelance work allows you to take on short-term projects and earn extra income. Teaching opportunities, such as lecturing at universities or conducting workshops, can provide a steady income stream. Investing in the stock market or real estate can generate passive income and build long-term wealth.
Consulting
Offer your expertise as a consultant to companies seeking financial advice. This can be a lucrative way to leverage your skills and experience.
Freelance Work
Take on freelance projects in financial analysis, modeling, or valuation. Websites like Upwork and Fiverr can connect you with potential clients.
Teaching
Teach financial analysis courses at local colleges or universities. This can provide a steady income stream and enhance your reputation as an expert in the field.
Investing
Invest in the stock market, real estate, or other assets to generate passive income and build long-term wealth.
Writing
Write articles, blog posts, or books on financial topics. This can generate income through royalties or fees.
15. How Frontrange Capital Partners Supports Analyst Development and Growth
In what ways does Frontrange Capital Partners support the professional development and growth of its analysts?
Frontrange Capital Partners supports the professional development and growth of its analysts through mentorship programs, training opportunities, and tuition reimbursement. Mentorship programs pair junior analysts with experienced professionals who provide guidance and support. Training opportunities, such as workshops and seminars, enhance technical skills and industry knowledge. Tuition reimbursement encourages analysts to pursue advanced degrees and certifications. According to HR professionals, investing in employee development is crucial for attracting and retaining top talent and fostering a culture of continuous improvement.
Mentorship Programs
Pair junior analysts with experienced professionals who provide guidance and support.
Training Opportunities
Offer workshops, seminars, and online courses to enhance technical skills and industry knowledge.
Tuition Reimbursement
Encourage analysts to pursue advanced degrees and certifications by offering tuition reimbursement.
Career Planning
Provide career planning resources and support to help analysts set goals and develop a roadmap for career advancement.
Performance Feedback
Offer regular performance feedback to help analysts identify their strengths and weaknesses and improve their performance.
16. The Role of Networking in Advancing Your Analyst Career
How important is networking for advancing your career as an analyst at Frontrange Capital Partners?
Networking is extremely important for advancing your career as an analyst at Frontrange Capital Partners. Building relationships with colleagues, mentors, and industry professionals can open doors to new opportunities, provide valuable insights, and enhance your reputation. Attending industry events, joining professional organizations, and participating in online communities can expand your network and increase your visibility. A study by LinkedIn reveals that networking is a key factor in career advancement, with professionals who actively network being more likely to receive promotions and salary increases.
Internal Networking
Build relationships with colleagues, mentors, and senior management within Frontrange Capital Partners.
External Networking
Attend industry events, join professional organizations, and participate in online communities to expand your network and increase your visibility.
Mentorship
Seek guidance from experienced professionals who can provide advice and support as you navigate your career path.
Career Opportunities
Networking can open doors to new career opportunities, including promotions, job offers, and consulting engagements.
Industry Insights
Networking can provide valuable insights into industry trends, best practices, and emerging technologies.
17. Understanding the Impact of Market Trends on Analyst Compensation
How do current market trends affect analyst compensation at Frontrange Capital Partners?
Current market trends significantly affect analyst compensation at Frontrange Capital Partners. Economic conditions, industry growth, and technological advancements can influence the demand for financial analysts and impact salary levels. In periods of economic growth, demand for analysts increases, leading to higher salaries and bonuses. Conversely, during economic downturns, compensation may stagnate or decline. Technological advancements, such as the rise of artificial intelligence and data analytics, require analysts to develop new skills, which can also impact their earning potential.
Economic Conditions
Economic growth typically leads to higher demand for financial analysts and increased compensation.
Industry Growth
Growth in specific industries, such as technology or healthcare, can create new opportunities for analysts and drive up salaries.
Technological Advancements
Technological advancements require analysts to develop new skills, which can impact their earning potential.
Demand and Supply
The balance between demand and supply of financial analysts influences compensation levels.
Global Events
Global events, such as economic crises or political instability, can impact market trends and analyst compensation.
18. The Future of Analyst Salaries: What to Expect in the Coming Years
What is the outlook for analyst salaries in the coming years, and what factors will drive these trends?
The outlook for analyst salaries in the coming years is generally positive, with continued growth expected in certain sectors and regions. Factors driving these trends include economic growth, technological advancements, and increasing demand for financial expertise. Analysts with specialized skills, such as data analytics, financial modeling, and risk management, are likely to see the most significant salary increases. According to market analysts, the increasing complexity of the financial industry and the growing need for data-driven decision-making will continue to drive demand for skilled financial analysts.
Economic Growth
Continued economic growth is expected to drive demand for financial analysts and increase compensation levels.
Technological Advancements
Technological advancements will require analysts to develop new skills, which can lead to higher salaries.
Increasing Demand
Increasing demand for financial expertise will continue to drive up salaries for skilled analysts.
Specialized Skills
Analysts with specialized skills, such as data analytics, financial modeling, and risk management, are likely to see the most significant salary increases.
Regional Variations
Salary growth may vary by region, with certain areas experiencing faster growth than others.
19. How to Create a Compelling Case for a Salary Increase
What steps should an analyst take to create a compelling case for a salary increase at Frontrange Capital Partners?
To create a compelling case for a salary increase at Frontrange Capital Partners, gather evidence of your accomplishments, demonstrate your value to the firm, and research industry standards. Document your contributions to successful projects, quantify your achievements, and highlight any specialized skills you have developed. Prepare a well-reasoned argument that justifies your request and demonstrates your commitment to the firm’s success. According to negotiation experts, a compelling case for a salary increase should be based on facts, data, and a clear understanding of your worth.
Gather Evidence of Accomplishments
Document your contributions to successful projects and quantify your achievements.
Demonstrate Value to the Firm
Highlight how your skills and expertise have added value to the firm’s bottom line.
Research Industry Standards
Research industry standards to determine the average salary for analysts in similar roles and locations.
Prepare a Well-Reasoned Argument
Prepare a well-reasoned argument that justifies your request and demonstrates your commitment to the firm’s success.
Be Professional and Confident
Present your case in a professional and confident manner, and be prepared to negotiate.
20. Maximizing Your Analyst Salary Through Strategic Partnerships
How can analysts leverage strategic partnerships to maximize their salary and career potential?
Analysts can leverage strategic partnerships to maximize their salary and career potential by collaborating with experienced professionals, seeking mentorship opportunities, and participating in joint ventures. Partnering with industry leaders can provide valuable insights, enhance your skills, and increase your visibility. Collaborating on projects can demonstrate your ability to work effectively in a team and contribute to the firm’s success. Mentorship opportunities can provide guidance and support as you navigate your career path. income-partners.net offers resources and connections to help you identify and leverage strategic partnerships.
Collaborate with Experienced Professionals
Partner with experienced professionals to gain valuable insights and enhance your skills.
Seek Mentorship Opportunities
Seek guidance from mentors who can provide advice and support as you navigate your career path.
Participate in Joint Ventures
Collaborate on projects with other analysts and professionals to demonstrate your ability to work effectively in a team.
Leverage Networking Opportunities
Attend industry events and join professional organizations to expand your network and identify potential partners.
Utilize income-partners.net
Explore income-partners.net for resources and connections to help you identify and leverage strategic partnerships.
Understanding the Frontrange Capital Partners analyst salary involves considering various factors, from experience and education to location and market trends. By proactively managing your career, developing specialized skills, and leveraging strategic partnerships through resources like income-partners.net, you can maximize your earning potential and achieve your professional goals.
FAQ: Frontrange Capital Partners Analyst Salary
- What is the average starting salary for an analyst at Frontrange Capital Partners?
The average starting salary typically ranges from $70,000 to $90,000, depending on education and prior experience. - How often do analysts receive bonuses at Frontrange Capital Partners?
Bonuses are usually awarded annually based on individual and firm performance. - What benefits are included in the compensation package?
Benefits typically include health insurance, retirement plans, and paid time off. - How does the Austin, TX location affect analyst salaries?
The growing economy and increasing cost of living in Austin contribute to competitive salary levels. - What skills are most valued by Frontrange Capital Partners in an analyst?
Financial modeling, valuation, and data analysis skills are highly valued. - How can an analyst negotiate a higher salary?
Research industry standards, highlight unique skills, and be prepared to justify your expectations with data. - What opportunities are there for career advancement?
Opportunities include promotions to senior analyst, associate, and portfolio manager roles. - Does Frontrange Capital Partners offer professional development programs?
Yes, the firm supports analyst development through mentorship programs and training opportunities. - How do performance reviews impact salary adjustments?
Positive performance reviews can lead to salary increases, bonuses, and promotions. - Where can analysts find resources for salary data and negotiation support?
Websites like Glassdoor, Salary.com, and Payscale, along with professional organizations like the CFA Institute, offer valuable resources.
Ready to explore partnership opportunities and enhance your income? Visit income-partners.net today to discover strategies for building profitable relationships and maximizing your earning potential in the financial industry. Contact us at Address: 1 University Station, Austin, TX 78712, United States. Phone: +1 (512) 471-3434.