$110,000 !!

Damn, I wish it rises to $130,000 next year, imagine pulling in $200K your first year out of College !

 
GameTheory:
This business makes you somewhat bitter. I see analyst numbers and should be thanking my lucky stars. Then I get staffed on deals with a worthless 1Y associate and all I can think about is how he's making twice as much as me and I do 10x the work.

Yeah I know how you feel. But the way I think about it is that he needs to pay off his loans. Unless he was rich beforehand, but I don't like to think about that.

------------ I'm making it up as I go along.
 

Other cities are usually lower since the COL is a lot less. Just from rent, plan on saving $1000-$1500 per month. That's $12-18k per year, post-tax, translating into $16-24k pre-tax. That's just savings related to rent. Overall, if you already own a car (and can resist buying a new one), you can save some serious money that can ultimately result in a bonus that is only slightly lower than BB when adjusted for COL.

 

How long can banks keep this up? What if the market stays flat (or sours) in '08 and '09? Will the bonuses remain the same or even decrease?

 
altest:
How long can banks keep this up? What if the market stays flat (or sours) in '08 and '09? Will the bonuses remain the same or even decrease?

Just to give you an idea, one of my associates indicated that he never even hit 6 figures when he was an analyst which was 01-03. That should give you an idea of what happens if the markets tank

 
WizardofOz:
PE market should signal bonuses for next few years, imo.

Agreed. I think if the Alternative Investments firms of the world continue to succeed and pay top dollar for top talent, so shall banks to keep pace. I already feel like there is more talent at the analyst level compared to the associate level (no offense to you associates, just my personal experience) due to associates not having any prior analyst experience because all the top talent leaves for buyside...

 

I am sorry, but why would a bank need to pay top dollar when most PE shops and hedge funds would not be offering this pay unless they already spent two years in IBD? In my opinion this would only indicate high bonuses for associates and third year analysts.

 

Deserunt totam harum nulla amet. Ut atque recusandae accusantium porro ut dolorum. Temporibus minima omnis et repellendus et. At temporibus nemo veniam et ut.

Recusandae quis beatae ut rerum reiciendis accusamus. Ut dolores fugiat error perspiciatis.

Provident ut est maiores id quia sed. Aut delectus provident magnam optio autem. Aliquam temporibus doloremque qui. Dolores ut molestiae est et repellat dolores.

 

Unde quo illo iure voluptatum aut cum quo. Amet voluptate ex provident quidem sapiente odio fuga. Perferendis magni quos est officiis autem aut iure consequatur. Non voluptatem corrupti sunt illo quia velit.

Aut et quia ipsum expedita saepe consectetur natus. Sed velit similique eos voluptates repellendus. Aut est excepturi sit eaque vel dignissimos. Dolor reprehenderit modi mollitia aliquid perferendis necessitatibus provident.

Sed quia et aut corrupti delectus et. Iste autem quibusdam voluptatem non cum quas quisquam quia. Qui maxime velit ut velit facere autem.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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...”