2015 IBD Summer Analyst Comp

Can pretty much confirm all these numbers. Summer will be pro-rated on base of:

Bulges:
GS: 85k + 1.5k stipend
JPM: 85k + 2.5k stipend
MS: 85k + 0.5x overtime + 2k stipend
CS: 85k + 0.5x overtime +2k stipend
UBS: 85k + 0.5x overtime + 2k stipend
Citi: 85k + 0.5x overtime + 2k stipend
BAML: 85k + 1.5x overtime + 2k stipend (see comments about OT)
DB: 85k + 0.5x overtime
BarCap: 85k + 2.5k stipend

Wells: 19/hour + 1.5x overtime +2k stipend

Boutiques:

Lazard: 85k + 2k stipend (updated)
Evercore: 95k + 2.5k stipend
Moelis: 85k + 2k (updated)
Qatalyst: 95k + 7.5k stipend
BX Advisory: 70k (probably up in the air because of spin-off)
Guggenheim: 85k
Jefferies: 85k
Nomura: 85k + overtime + 3k stipend
Lincoln: 85k
RW Baird: 85k
HL: 85k
Stifel: 80k
William Blair: 85k
Union Square Advisors: 85k + 3k
RBC: 85k
SocGen: 85k + 1.5x overtime

Please add datapoints if you can! Some information about stipends/OT is probably being omitted because of a lack of information but fairly confident about base numbers

All these are for NYC office besides Qatalyst and Union Square Advisors.

 

BAML has lower hourly pay than some of the others to compensate for the overtime. They don't truly prorate 85k to 40 hour work weeks, but all in it should be a little more than the 85k prorate, but not as much as true overtime

 
Best Response

Here's what my contract implied:

Annualized $85,000 is based on 70hrs/wk. Hourly wage is $19.2, with OT pay of 1.5x wage after 40 hrs/wk. So, [(4019.2) + [(70-40)(19.2*1.5)]] * 52 weeks = about $85k annualized base.

To calculate from prorated to hourly, it would be the opposite. If the assumption is a 70 hr work week with annualized base of $85,000, you would likely be making around (10/52) * 85k = $16.4k for your 10 weeks.

 

85,000/52 to get like 1600~ a week. They then adjusted that to a 40 hour work week which is like 40 dollars an hour. Overtime is .5 fulltime, so for every hour over 40 hours a week you get 20 dollars an hour

 

An incoming intern at OPCO here. Did you intern with the firm? If so, how was the pay like? I'm concerned about the pay, so an answer would be appreciated

 

Have an offer at BAML. Contract states hours will be $23.35 and overtime will be $35.05. They say these are based on the current analyst salary of $85,000 per year. This is in addition to a 2k stipend.

 
grizzlybear:

since this year

Source? One of my good friends is starting there in July and he told me otherwise. There's the possibility they upped it since I last spoke with him about sometime in January.

Robert Clayton Dean: What is happening? Brill: I blew up the building. Robert Clayton Dean: Why? Brill: Because you made a phone call.
 

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