Pandemic Raise also in ER?
First time posting. I’m an incoming first year analyst to ER in London. I’ve been seeing posts of IB analysts getting their base raised. My understanding is that base pay is the same for IB and ER juniors (just the bonus that varies widely)… is there also a pandemic boost in ER pay?
So far all raises are only in IB. Might have to wait a while and see.
Yeah that’s what it seems like in social media - thanks for confirming
Most raises are only for IBD currently, sometimes even ecm/dcm doesnt get it, and S&T was not given as well. Some are saying that its mainly due to markets division working lesser hours while the ibd groups are really swamped with work at the moment hence the raises to try and retain ppl. Nevertheless, I do feel they would raise it in time to come, as it bases has always been the same for many years prior.
Yeah I hope they match it… IBD’s bonus and hence total comp tends to be higher anyways. The fact that they chose to raise the base instead of handing out fatter bonus is kind of odd
Would be real cool if we could get matches. feeling like a second class citizen here. Pretty dumb because markets carried banks throughout 2020 aswell, we should be getting equivalent love
ER is back office unlike IBD.
Dont think you understand what ER is, boss
Your post history is literally trashing ER. Name one other "back office" role where 2/3 of the most common exits are FO AM, and Hedge Funds. What back office role has most MD's making between $750k-2M? Which back office role frequently places former ASO's into M7 MBA's (and a decent amount into H/S)
We get it, you couldn't break into Equity Research. But there's no need to trash a function in such a way that misleads prospects and newcomers on this site.
Maybe if leverage on ER’s knowledge, you wouldn’t be losing alpha
Yeah I get you - definitely does not feel great. Let’s hope they eventually match it
hey jelly, I am also joining ER London BB this year end, would be good to PM and connect, which sector do you cover? quite curious whether I got a reasonable offer
Yeah sure pm me! I am incoming in August, and my bank hasn’t told us which sector yet… I’m hoping to hear from them this month or so
Very disappointed with the radio silence from ER..... apparently in London ER it's also standard not to have base salary increases from AN 1 ---> AN 2 ---> AN 3 as well?
I don’t think that’s true (if it were, I’m outta here in a year lol). I saw some others posting their comps and bonus (ER London), and it seems like we would get base raise from progress.
Personally didn't receive a base bump despite good performance (their words), but curious if peeps from other BB's can comment?
This is not true. You should go from 50->55->60 each year at any BB.
Is the base increases in ER the same as IBD? Understand they should be the same?
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