Didn’t bother for SA, briefly brought it up with HR for full-time and was told that they could go back to the group head and ask but that the offer was the same for all incoming IBD analysts. I let it go it after that.

 

I know a fratty, loaded diversity kid that tried to leverage another offer for a signing bonus (for summer). Thought he was cheap.

 

I’ve heard they will just rescind your offer on the spot if you try to haggle so I never attempted to. I showed intentional, visible displeasure when my FT offer salary was stated on Zoom to see if they would adjust. It went something like “Wow, are you not excited?” “Oh no I appreciate the offer.” “Okay great, with some people we’re never sure. Anyways, you have 3 days to decide. [or else we’ll give it to the next guy]”

Interested in code, market mechanics, and trading strategies!
 
Most Helpful

As others have stated, for standard IB roles (I.e. reputable firms) the comp is standard and there is no negotiating. There isn’t any incentive for a firm to pay one analyst more (just think about the total mess it would cause if other coworkers found out), the differentiation comes in the bonus. So if you are good, you’ll get paid well, but before you even start you basically have no leverage. 

For non IB roles (buyside really) there can be negotiation as different firms will have pretty different pay packages. Some will negotiate and try to be the highest bidder, others won’t. But at that point it’s usually shopping competing offers. 

 

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