Just making a post for 2009 S&T Starting Salaries / Signing Bonus (first-year is listed)...
Group One - 50/5 (from what I heard)
CTC - 65/5
BofA - 60/10
Barclays - 65/10 (I think? or its 60/15)
Plus make sure to see my post <a href="http://www.wallstreetoasis.com/blog/how-i-got-a-770-on-the-gmat-with-minimal-effort-while-working-banking-hours%E2%80%A6">How I got a 770 on the GMAT with minimal effort while working banking... phantombanker's GMAT Study Guide |
A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free... How finance saved and gave me a life |
Hey guys, it’s been some time since I posted regularly on this site. That’s what happens when you start working in finance; you don’t have any time. So why am I posting? It’s because I am seeing an injustice being done to a lot of military guys (and gals) who are discovering they want to... To all Military who want to work in IB/PE/Consulting |
<em>Mod (Andy) note: </em><a href="http://www.wallstreetoasis.com/blog/phantombankers-gmat-study-guide">Here is the link to his study guide</a>
Background: I recently took the GMAT and scored a 770 on my first and only try. Long story short, I studied and took... How I got a 770 on the GMAT with minimal effort while working banking hours… |
There was much wailing and gnashing of teeth at the close on Friday over the perceived lack of performance in the Facebook IPO. The stock priced at $38, opened at $42.50 (after a few hiccups at the NASDORK), and closed at exactly $38 after an effort by the syndicate members akin to the Spartans at... IPO Pricing 101 |
Hey Guys,
Been using this site for a while now and figured it would be beneficial for me to give back a bit. For starters, I thought I would detail my experiences using linkedin and cold emails to land a summer offer.
Coming from a semi-target undergrad b-school, I had my hands full.... How I used LinkedIn to get Interviews and Land Offers |
<a href="http://www.wallstreetoasis.com/blog/what-does-the-labor-participation-rate-say-about-our-society">Back on the topic of what the composition of the labor force says about our society</a>, the New York Times recently put out this <a... Grandpa And Grandma Are Taking Our Jobs |
The Clear Admit Shop currently has <em>free b-school "snapshot" guides</em> <a href="http://clearadmit.shop.studylink.com/index.cfm?onsale=1">available for download here.</a>
The guides aren't terribly comprehensive, but can serve as a... Free B-School Guides! |
There she is again: Diane Sawyer, the primary ABC evening news anchor, with another installment in their interminable series of reports on imports and employment in America. I could just strangle her.
One week their (alleged) reporters go to people’s houses and look at everything the occupants... Sawyer’s Syndrome: The ABCs of Trade and Employment |
Fellow Primates,
We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a... WSO Campus Representative Program |
| User | Silver Bananas |
|---|---|
| TNA | 848 |
| Edmundo Braverman | 760 |
| CompBanker | 747 |
| happypantsmcgee | 654 |
| IlliniProgrammer | 552 |
| UFOinsider | 469 |
| Nouveau Richie | 377 |
| Midas Mulligan Magoo | 369 |
| TheKing | 342 |
| cphbravo96 | 339 |
| User | Banana Points |
|---|---|
| TNA | 11678 |
| Edmundo Braverman | 11075 |
| WallStreetOasis.com | 10284 |
| happypantsmcgee | 9352 |
| UFOinsider | 8209 |
| CompBanker | 7797 |
| IlliniProgrammer | 7695 |
| Midas Mulligan Magoo | 5250 |
| monty09 | 5152 |
| cphbravo96 | 4434 |
barclays S&T is 60+15, same
Barclays S&T is 60+15, same as banking. +5 if you got hired out of their summer analyst program
Deutsche is 60+10
60k plus 10k "settling in award" which I guess counts as a signing bonus.
merrill ibank 62.5/12.5
don't know if trading is the same for them...actually, i don't know if they honored their trading offers from summer...
UBS IBD 60k + 10k Barclays
UBS IBD 60k + 10k
Barclays IBD 60k + 15k
For ML, 12.5 only if you
For ML, 12.5 only if you sign early. 70k for trading, unsure about banking (I'm not aware of them raising it to 62.5)
MS/GS for IBD & S&T: 70+10
MS/GS for IBD & S&T: 70+10
Wonder if other firms will
Wonder if other firms will eventually raise theirs for the incoming to match the firms that are going to be paying 70k.
That would be a nice treat.
That would be a nice treat. I would much rather have a higher salary considering bonuses are going to be next to nil for the next few years.
..
GS/MS already pay their first year analysts 70k. This began late summer.
It was announced as a suprise,up from 60k.
Don't know how other firms can follow now- but who knows.
100k at a boutique for S&T
100k at a boutique for S&T which will remain unnamed.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
100k for a first year?! How
100k for a first year?! How could any first year possibly warrant that kind of base, unless your not getting a bonus. You must have made it rain this summer.
citi banking is 65+10
Citi banking is 65+10
Citi IBD (regional) is 60+10
Where did you get your info from b4f? Unless they pay their regional ibd analysts less, I'm pretty sure it's 60+10
u are correct
Where did you get your info from b4f? Unless they pay their regional ibd analysts less, I'm pretty sure it's 60+10
sorry just confirmed from my friend and you are correct. she initially thought it was 65 for some reason but it is indeed 60+10 still.
Pretty hard to believe I know
100k for a first year?! How could any first year possibly warrant that kind of base, unless your not getting a bonus. You must have made it rain this summer.
Honestly I have no idea how they are willing to pay that much. I about choked when I was given the figure I was that shocked. All I can say is it really pays to have someone thats willing to go to bat for you. Develop those relationships as early as you can.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Nice
100k for a first year?! How could any first year possibly warrant that kind of base, unless your not getting a bonus. You must have made it rain this summer.
Honestly I have no idea how they are willing to pay that much. I about choked when I was given the figure I was that shocked. All I can say is it really pays to have someone thats willing to go to bat for you. Develop those relationships as early as you can.
Im assuming this is your offer? Was there any talk about bonus?
Learn Financial Modeling
Interview Guides
Yes there is a bonus. I
Yes there is a bonus. I didnt go that in depth and still only have a few details. I am being offered to help form a desk with some senior guys that I know very well. This is all very informal and clearly not the norm.
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
goldy tech
heard that goldy tech / ops is 63/10.
last year, Citadel ITAP & FTAP was 100/20, with 8 relocation. and 1st-yr bonus buckets were 40/60/100...don't know if that'll continue. execution was considerably lower.
Damn Citadel has a sick
Damn Citadel has a sick compensation package.
Turnover is high as hell but damn..
What I've Heard
Most starting IB salaries I've heard are 60K+10
Does anyone know about DE
Does anyone know about DE Shaw?
-----------------------------------------------------
http://www.deadstock.ca/
Your closet will never be the same again.
NOT S&T or IB
Barclays Finance 55K + 15K Bonus
Citi Ops 60K + 10k Bonus
MS s&t upped to 70 + 10
MS s&t & IBD upped to 70 + 10 in response to GS
Boutique-1, BB-0
100k for a first year?! How could any first year possibly warrant that kind of base, unless your not getting a bonus. You must have made it rain this summer.
Honestly I have no idea how they are willing to pay that much. I about choked when I was given the figure I was that shocked. All I can say is it really pays to have someone thats willing to go to bat for you. Develop those relationships as early as you can.
I guess that's much easier to do at a boutique (and an added benefit). There's no way I can convince the compensation committee at my BB to throw that kind of money my way.
Citadel
Citadel and a lot of other hedge funds will not be paying bonuses for a while. Considering they are down significantly (Citadel down 30%), they have to make back their investors money before they pay out bonuses. This is called a watermark. Furthermore, there is even talk of a few going from 20/2 to 10/1, at least temporarily, to keep the investors from pulling their money. In this market, I would take an offer at a respectable market-making firm way ahead of an offer at a hedge fund (with a few notable exceptions).
prop or agency?
just curious, trade4size, is this prop or agency trading? I assume a boutique would not have the capital to have a prop desk.
CS is 60+10
+2.5 if sign on early (for summer interns)
damn, i didn't know some banks were offering 70+10...hmmm, should've shopped around.
Both, but im not sure how
Both, but im not sure how that fits in with the legalities. I really dont want to say more as this is a public forum. Posted this mostly because I wanted to show others that "bigger isnt always better".
"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
Prop
what about other prop trading in chicago?
citadel
Citadel and a lot of other hedge funds will not be paying bonuses for a while. Considering they are down significantly (Citadel down 30%), they have to make back their investors money before they pay out bonuses. This is called a watermark. Furthermore, there is even talk of a few going from 20/2 to 10/1, at least temporarily, to keep the investors from pulling their money. In this market, I would take an offer at a respectable market-making firm way ahead of an offer at a hedge fund (with a few notable exceptions).
their first year bonus buckets were 40/60/100 last year, like you aptly stated, I also doubt that this will be the case going forward...I know that their watermark problem is solved -- i think they are going to restructure their kensington/wellington funds, then reset the watermarks...I know they are moving to a different approach (they used to be one big-ass FOF...but I think they are splitting it up now?).
For what its worth...
My offer at Wachovia is currently 60/15 (10 if you didnt accept before Aug. 15th). Lets hope it stays that way :/
NYC Boutique
Well known NYC M&A/Restructuring boutique - 75/10
Top 3 NYC BB ER - 60/10
Top 3 NYC BB ER - 60/10
Citadel
Just got an offer for Citadel FTAP
100k base + 20k signing + 8k relocation + variable bonus
there's a PE firm in Dubai
there's a PE firm in Dubai that my cousin joined right after graduating from a target in the US. His base is 85K US + 10k sign on + car (non-taxable). Not sure what his bonus will be like but most likely around the 40-50K range.
MER S&T
The starting salary was raised to 70k for MER S&T? Was this for people outside the summer program? Summer hires were offered 60k/12.5k, were some notified that the salary was being bumped?
Chicago Prop Trading Firm
85k
MM Bank, Investment Banking
MM Bank, Investment Banking Analyst, Generalist - 60k + 10
McK 70+10 DE Shaw 110+20
McK 70+10
DE Shaw 110+20
Citigroup Sales and Trading
Citigroup Sales and Trading 60+10
mck really has a base of
mck really has a base of 70??
Financial Modeling Training
Guide to Finance Interviews
McKinsey doesn't have a base
McKinsey doesn't have a base of 70, nor a signing of 10, so that is inaccurate (unless it was negotiated and not a standard starting BA offer)
B4f: really? I've seen
B4f: really? I've seen contracts for D.E. Shaw and they offer less than 100K base. Unless they got bumped up due to small bonuses..
-----------------------------------------------------
http://www.afr0jacks.com/
Afro Jacks
so it seems that BB ops/fin
so it seems that BB ops/fin makes pretty much the same salary+signon as the s&t and ibd? given that front office bonuses will be tiny next few years, how is this justified?
.
85k
could this be Optiver?
i've heard different for De
i've heard different for DE Shaw actually. less than 110K but maybe it's a case to case thing.
.
i've heard different for DE Shaw actually. less than 110K but maybe it's a case to case thing.
probably, i've heard of people starting with much more than 110k.
Bridgewater pays 100k base,
Bridgewater pays 100k base, plus 20k sign-on
-----------------------------------------------------
http://www.afr0jacks.com/
Afro Jacks
Just discovered this thread.
Just discovered this thread. I thought Citadel's base salary for first year analysts was $85K, but i guess i'm off. Pretty sick that you could make a total of $220K as a first-year analyst. Can't think of any other financial firm where you can make that much right after college.