2014 Total Compensation
There was probably a thread but I couldn't find - how did people fare from Associate on up?
Interested in AS 1-3 VP 1-3 total comp bulge bracket only
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Surprised no one chiming in here?
I got shit on by a previous poster calling these numbers fake but my banks numbers were the following for all in comp.
A0: 30 stub, 125 base A1: 230-280 A2: 280-340 A3: 400-440
Base for A0 and A1 will now be 140K for BB, correct?
Mine is A0 125 and A1 150.
I can verify the A0 for a BB. Also can verify 150 base for A1. Not sure what A1 total comp was but this range seems roughly in line with what I've heard. Haven't heard much on A2 or above.
The comp jump from A2 to A3 is pretty steep. Is that typical?
Is this accurate for regional offices in the US as well?
I'm talking NYC so not sure.
We need full first year, full second year for this to be accurate.
Any insight as to how much of that is stock/cash? And what average hold-up period is?
At my BB no associates received any stock. VPs did though but not sure on the deets.
Country, your BB is rather generous then. I always thought/heard that most BBs are including a heavy stock component in total comp at even the Associate level.
This was first year it was like that. I had heard last year some top bucket 3rd years got some stock. Hopefully trend back to cash continues
I'll back all of this up too. My BB, associates were all cash and VP has been the first stage at which you received equity comp for at least a couple of years (at least according to what an MD told me). That being said, I could definitely see an absolute top bucket 3rd year having gotten a bit of equity in the last couple of years if their total comp broke through some threshold. The norm has definitely been for associates to be all cash in most cases though.
Not sure. My guess was a lot of people leave before end of year 3 so never see it.
Talked to a BB 3rd yr last year and have talked a lot to a VP at my bank who is a former BB banker. The reason that there is a mix between cash/stock is because all of the BBs have cash caps. Some are lower than others.
In the 3rd yr associate's case he was right below the cash cap so the following year once he hit the cap he got RSUs. Also makes sense that some top 3rd yrs may hit the cap and get RSUs.
The VP was saying the same was the case at his old bank
The cash/stock component should not matter between US regional and NYC. Internationally may be a different story given EU regulations regarding comp.
Vero error et consequatur. Non ducimus eum et. Et autem voluptate adipisci alias delectus. Enim sit sint officia in et harum quod.
Voluptas voluptatem nostrum deserunt voluptatibus sed eveniet aut. Placeat magni omnis quasi totam. Unde sed omnis consectetur commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...