Pay scale for Equities Research vs Sales and Trading

-- "Those who say don't know, and those who know don't say."

righton1988

13y

What good does your guess do? Secondly, it is pretty common knowledge at this point that base is 70k in S&T and ER at the BBs. ER comp will generally lag behind S&T for your first few years (smaller bonuses) until you make analyst. Then, comp jumps significantly and can be in line with or even more than S&T. (extreme variability though)

Equity Research Overview

LIBOR

13y

Best Response

cheese86:
What good does your guess do? Secondly, it is pretty common knowledge at this point that base is 70k in S&T and ER at the BBs. ER comp will generally lag behind S&T for your first few years (smaller bonuses) until you make analyst. Then, comp jumps significantly and can be in line with or even more than S&T. (extreme variability though)

Any idea what an average bonus might be in the 1st year in either? Would the bonus in either of these be comparable to one, in say, capital markets (prob not comparable to one in full fledged IBD though)?

looking for that pick-me-up to power through an all-nighter?

righton1988

13y

Bonuses in S&T, IB, and cap markets are all similar in the first year. It can depend on how long you are considered a "trainee" in S&T but most are making 30-60k in bonus on top of their 70k salary. As you know, there is significant variability in this from year to year and Ibanking may take home an extra 10k but the gap is not very wide for first years.

econ

13y

If you start out in sales, what are the exit opps like?

nutsaboutWS

13y

my buddy is at JPM in ER and hes making 65 + 15. thats nothing near waht your saying cheese86

your telling me a 1st yr in ER makes 100-130k? LOL

-- "Those who say don't know, and those who know don't say."

user_

13y

cheese86 is right. until you make analyst, S&T has higher salary. so, the first few years, S&T people get paid more and they don't have to work long hours like ER or IBD.

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eresearcher

13y

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