2013 Bonus Season
Mod Note (Andy): this was originally posted 6/28/13
Well, it's that time of the year that we have all been so patiently waiting for... BONUS SEASON! Numbers are coming in, and we all like to know how our comp stacks up in the industry. Please post confirmed numbers / ranges and let the fun begin!
- STRH 1st Year Median (S&T and IB): $32k
- Raymond James 1st Year Median: $45k
- Raymond James 3rd Year Top Bucket: $70k
Congratulations to everyone who made it through another (or their first) year in investment banking!
Kind regards,
PsYcHoLoGy
Bump
interested as well...
Ouch... That's it??
Yea. I'm still waiting on numbers for my bank - we are still ~2 weeks out from the announcement.
Bump
wow those numbers are low, most likely won't get any better with declining fixed income revenues looming
what do u mean looming declining FI fees lol - already down so muhc
Credit Agricole CIB - 10K stub 4 top bucket, not even joking fck teh French
Stub period from what start date!?
Stub? for what period?
1 yr LOL - all 1st years about to leave, every1 pissed off, G-fckin-G
I see. That definitely sucks.
Was just confused about terminology here. What you're describing is a bonus (unfortunately a very shitty one), not a stub. A stub is a prorated IB bonus for a period less than a year.
LOL thas the jke - analysts get stub, then say "where is rest?" LOL THAT'S IT NO MORE JUST LIKE MACQUARIE A YEAR OR TWO BACK
well I meant for the future as well lol
Bump
I've heard 65 top bucket at Wells
Anybody have other comps?
that's fuckin solid if its true
.
We are a few weeks away from getting our numbers as well (NYC BB).
BMO 1st year: 45/50/55 BMO 2nd year: 60/65/70
RBC 1st: 50 top
Expecting numbers mid-Aug, payouts 1 week after
any other #s?
Still waiting for numbers here...
you ever get your numbers?
Any #s for bulge brackets?
Don't forget the WSO Company Database has compensation data hitting it every day...
updates?
Surprised this hasn't been flooded with info on here, the average across the street top buckets only:
$55K for first year $70K second year $90K third year
Close to flat year over year with last year.
As you are all well aware most don't get top so shave off $10K down and that's generally where the street is at this year.
Similar to last year everyone should carefully choose their banks, the days of all banks paying street numbers are dead. So join a growing platform or the best e-boutique you can find.
(Note next year you guys can triangulate this with a mid-tier, a place like BMO your normal mid market with no strange deal activity is going to pay about $5K below street, his numbers look about right).
BAML is way above street this year.
^ yeah there are always outliers but best to look at the average if analysts on here want to jump around.
~$70K for a first year top bucket would be top and a high paying shop. That's just an outlier though.
Any word on the boutiques? I would be curious to see how Qatalyst pays on a down year.
Might be more accurate to term that the median.
$70K first year MEDIAN bonuses? I'm fairly certain that 99% of the shops don't do that.
Edit: I take it you meant $70K top bucket is standard? Even then that's a bit high.
If BAML is paying $70K for the median first year analyst bonus they should all be counting their blessings.
Heard Citi paid $76k top bucket for first years!!!
To clarify, I meant that $55k might be the median, but it's definitely not the average given the prevalence of above-median outliers.
NY BB
1st yr: 60k 2nd yr: 70k 3rd yr: 85k
False.
NY BB
1st year top: ~60K
It looks like analysts in my group landed with a median of about $65 for those completing their first year. Associates are a bit upbeat that comp will be back to normal this year......not getting my hope up, though.
Median at my BB for first years is roughly $45-$47k. Everyone is disappointed.
Qatalyst 1st year probably got $90k
Key word: probably - wouldn't be surprised if these numbers were inflated (like all bonus numbers inherently are)
Citi 1st Year: 40 / 50 / 60
What're equity research bonuses looking like?
$50 gift card to Applebee's. Add $10 for top bucket.
This is a common misconception for people who are trying to break into the street.
Why would a place like MS or GS or Quatalyst be interested in over paying an analyst?
They wouldn't, since they know you are going to leave in two years. You're seeing this happen more and more (look up Gs's new policies etc).
Your best bet to get paid as a lower end employee: here is what you do:
Now you could burn bridges, lie and say you're staying and leave, but generally again the people who are getting paid well above street are guys the company 1) wants to keep, 2) the guys who got slaughtered - think a first year if all the second years quit and 3) shops that have a history of retention.
Usually at spots like GS and top E-boutiques you're getting paid Street. When you move up the ladder you'll learn the following phrase:
"We pay analysts and associates just enough so they don't leave"
Quatalyst knows you're getting a sweet résumé and exit opps, no reason to pay you $100K.
(Note: yes there are always exceptions, example evercore has a history of high pay same with an e-boutique like center view)
But again there has to be incentive to pay you.
One last note: anyone who is trying to get into Wall Street, ignore analyst and associate pay, you shouldn't care. Why? Wall Street is a game of survival, the real pay days come when you are established.
As an example when you clear $250K as a year 1 associate... You just made roughly the same amount as your first 1.5 years in IB.
So stick with banks that pay at least median/mean street numbers. Don't be jumping to banks for an extra $5K if your bank loves you and wants to keep you.
Who cares about the $70K second year bonus instead of $80K if they already told you "we want you to be an associate here". The $10K hit today is better than the $250K loss by jumping to a slightly higher paying shop.
Never give up what you want the most (huge pay days) for what you want in the moment (short term $5-10K bonus as an analyst)
Can people please stick to posting real numbers? I would rather wait 2-3 weeks for this thread to materialize than have people post more internet bullshit.
BofAML 2nd yr - $80K base, $65K Bonus
Unless you have real numbers to post, please STFU and stop posting.
Different NY BB
1st yr: 55k 2nd yr: 65k 3rd yr: ?
I heard BAML's bonus is 100% of salary (70k) this year. Not sure if this is top bucket or median.
Citi S&T was 60/45/30
I disagree. Numbers seem flat to up this year. Your ~$45k median isn't exactly below street, but it's on the lower end from what I've seen.
That's all nice, but it's observably untrue. The elite private partnerships really do pay the excessive premiums above.
The misconception here is placing GS and Qatalyst into the same bucket.
UBS London 3rd year top; £65k so ~US$100k + a separate assoc sign on
Any numbers on Jefferies?
Can confirm BAML $70k top bucket 1st year analyst.
I feel like BAML is paying well this year bc so many junior people jumped ship
In terms of what numbers are 'real,' the Citi and BofAML numbers look accurate based on what I have heard about analysts at those banks.
Who else has reported? Barclays? Boutiques - Rothschild...?
Both BarCap and Rothschild have numbers.
I wonder if the senior folks at BofAML finally heard from their friends at other banks that every shop on the street has piles and piles of resumes from folks at BofAML looking to lateral. These other banks are in a great position as they have a huge crop of assocaites with a year or two experience that they can pluck from.
We see so many of them...
True for Chicago/SF offices as well?
You know, except the fact that we're talking about Analyst bonuses...
BAML has had a good year and made a pretty giant leap in the league tables, especially in the M&A world. Not surprising that they would be rewarding their talent for keeping their head down.
when do these bonuses clear, just curious??
Mine hit the bank account the day I was told, but I am at a MM. I think for BB it may be later.
2nd year, MM IB, coverage group, 57.5k bonus.
They typically hit along with your first or second paycheck in August, depending on the shop.
Why did you put question marks next to them? Pretty much everyone has numbers at this point, with the exception of a couple holdouts.
Meant to put dots after Barclays indicating Barclays and who else, Rothschild and who else
any elite boutique #s?
also buddy at HL said top bucket for corp fin side (so not RX and not FAS) was 55k top bucket, 45k median
Moelis numbers:
80K 1st year (top) 90K 2nd year (top)
not sure about median or spread
do elite boutiques do buckets as well? sry just asking beause ppl at my firm said greenhill for example doesnt do buckets n not sure about lazard, because analyst classes are smaller than BBs obviously
Moelis definitely does buckets. Lazard is, for all intents and purposes, a BB and their analyst classes are sized to reflect that fact.
Wowza
Isn't Moelis laying off people?
not that I've heard, at leat not the junior level. Everyone I know there is getting worked so I can't imagine them laying anyone off
You kids do realize that these numbers you keep throwing out so confidently apply to probably 5-10% of analysts, right?
"I heard XYZ Bank Paid $70k top for first years... #SICK!BALLSOHARD!BOTTLESATLAVO!" That's like 1 kid out of a 10 person group getting paid at that level in many cases. You kids need to check your delusions at the door and realize that if you leave for a buy side shop your base salary can often be greater than your all-in gross pay.
Stop regurgitating information and throwing around numbers as if they are common knowledge and definitive across entire banking classes. Saying that the median first year bonus at a bulge bracket firm for a first year analyst is $75k only signals to everyone else that you have no clue what you are talking about.
@rufiolove
This. Bonus numbers are always exaggerated by 20-50% - apply a standard 40% discount and you'll probably get the real number.
TBH, most BBs will pay ~$35-40K for most of their analyst class.
The compensation #s in the WSO Company Database tend to support this...people all like to talk about "top bucket" when in reality , there is a pretty wide range across an entire class.
When you mean "top buckets"- you are mainly talking about the top groups at the bank or analyst or a bit of both?
@rufiolove is definitely spot-on here. Most BBs have ~$30k ranges for bonuses.
@Scandal that is a bit low-balling it. Although rufio is accurate in saying that these numbers apply to ~1/8 analysts, there are only a couple numbers in here that are not completely accurate for top bucket.
@Northsider
Yes top bucket is accurate give or take a certain percentage - I'm saying in general, most people will exaggerate their bonus numbers because they don't receive top bucket. I think we can all agree that no banker will honestly give their accurate number :)
Some* bankers give inflated numbers. A great deal of non-dbag bankers will just give you honest numbers.
1st yr top: 70k; 2nd yr top: 80k. Hong Kong BB.
Anyone know what Barclays and Credit Suisse bonuses are like?
$46mm - Top Bucket, International House DJ Syndicate
Yea, but what are the exit opps?
@duffmt6
Exit Opps: 1. Grammys 2. Royalties from Grammy award winning artist's album sales 3. In-House residency at Hakkasan 4. In-House residency with CREAM in Ibiza 5. Yacht week 6. Interest from every living female under the age of 35 world wide
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