Kind of depends. It seems like there are two types of MDs those that are client-focused and those that are modeling-focused. 

 
Most Helpful

There are generally three types of professionals. 1) Investing/Portfolio Management - as in the name the folks actually making the trades/idea generation. 2) Investment Strategy - pretty wide spectrum, have seen IS folks who exclusively serve as the face of the portfolio management/idea generation side actually getting into the weeds of discussion with clients and nothing more and the other end where the IS folks are very actively involved in the fund creation, top-down analysis in addition to serving as the face of discussion, 3) pure sales folk, know the port and are purely responsible for dollars. 

The IS role is very interesting because you have no alpha responsibility, some business development responsibility, but get to get in the weeds. 

 

IS/Sales generally lags a bit but obviously still a great living. My buddy who works on the IS side of things for a big manager makes 150k base plus 30-60k bonus (4 YOE), not bad for a 26-year-old working 8-6ish.

The big money in ER/LO AM is with the PMs. Good PMs generally receive similar base salaries but usually a chunk of the fees on the fund as well as bonus for alpha/general performance. Fairly common to see the top 25 percentile pulling 5-10mm with the top 5 percentile crossing the 10mm+. Of course only the best get paid that not to mention the declining amounts of opening PM seats. 

 

At natus ut cumque sit iusto. Quisquam voluptatem velit veritatis eius exercitationem. Aspernatur eaque ad placeat doloribus est est totam. Sed ut dolor rem rerum. Occaecati quae totam consequatur.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”