Has anyone been hearing rumors on how bonuses are looking this year?
WSP: "An investment banking analyst should make $155, $180K, and $205K in years one, two and three (plus or minus $5-10K depending on how good or bad the bank did). Perhaps add an extra $5K to be safe this year given that results were up slightly."
| +276 | Looking to raise a Billion Dollar Fund - College Junior | 41 | 10h | |
| +222 | It doesn’t need to be this way | 30 | 7h | |
| +161 | What to expect during your IB summer internship and how to secure the full-time offer | 8 | 33m | |
| +138 | Biggest gripe in IB: people with no balls | 38 | 10m | |
| +136 | Career Bankers, Was It Worth It? | 45 | 8h | |
| +88 | RBC M&A vs PJT RSSG | 14 | 2d | |
| +81 | I FINALLY DID IT, I GOT A FT OFFER! | 14 | 13h | |
| +69 | MD Can’t Unplug | 23 | 18m | |
| +66 | Vanderbilt ($$$) / Northwestern ($$$) vs UF ($) | 36 | 6h | |
| +63 | Did I mess up by correcting my VP Publicly? | 20 | 1d |
Career Resources
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.
Any idea how Barclays Analyst numbers are looking?
Like shit because they suck
They did pretty well in 2017, I heard A1 generally got 70-100% bonus
Does this apply to S&T as well?
On the analyst/younger associate level I've also heard S&T falls slightly below banking.
Likely not. S&T is under pressure of Mifid II regulation right now.
$155K for 1st year? ? That's pretty high even for IBD. I think on average it's more like $120-140.
Might be including signing bonus for 1st years, otherwise your range of 120-140 is a better average to expect.
$85k and $70k bonus. Seems in-line maybe even low.
On whose word?
Have buddies at third tier banks, think HSBC/nomura/BNP/mizuho, and their first years are on 85k plus 10k sign on plus $50k full first year base, so a bank that doesnt pay the highest is giving these kids $145k, industry coverage.
Know some bulge brackets paying below that even in decent coverage groups
Haha in Hong Kong, actually Nomura pays almost the highest on the street, around 105K base. And BNP pays almost the lowest, around 60k base. So putting them together seems wrong...
I made $155 in my first year.... so it's true:)
How far does $155 go in NYC living an analyst lifestyle? Does everyone save a lot?
bump
wow! fuck my work life balance.
Middle Market first year here. $80K base with $45k bonus - Non NY
RBC and other Canadian banks should have reported.
Where can we see the reports?
Have a couple of buddies at Canadian banks - ~70K bonus for second-year analysts
Anyone have numbers from last year, or 2018 estimates for third year associates at BB in New York.
Tough to get data points outside analyst numbers on this forum.
Anyone have any ideas on Sales & Trading Bonus Numbers?
the original numbers:
A1: that number is ~ top bucket at an EB A2: Upper Middle bucket EB. Know kids who crack 200k as 2nd yr at EB A3: Don't know any analysts who are still there after 3. More banks are moving to 2 or 2.5 A2A promotion. But that seems light given the A2 over 200k.
I think realistic numbers (excl. sign-on)
A1: 85k + 60k - 75k A2: 90K + 75k - 90k (I'm treating the above as an outlier though if you guys know of more than i would revise upward)
These numbers are absolutely correct
What a lot of ppl seem to be missing is that stubs are extremely common these days for first years. Most BBs gave stubs, ex jpm and maybe another one. Standard An1 stub is 25k
True... forgot that this is a thing now.
Are stubs worse?
.
Anyone know how DB is doing on bonuses this year?
DB did well in 2017, but really really badly in 2018, 20-30% decline from 2017 for analysts
those numbers are insane, excited for the years to come. god bless the trump era
Yes all you have to do is cut corporate rates and rates for high earners and the economy goes wild. Bush did the same thing dummy
dummy? you're in corporate banking analyzing credit for a reason son
What about London?
Bump
Any numbers for Hong Kong BB?
agree w these amounts. can confirm all in comp. EB in the US
A1 - $155k A2 - $185k A3 - $205k
Analyst in Sales & Trading (Tier 2 Bank) - base 90K + bonus of 40K. Not sure where the street average is.
I heard Morgan Stanley wasn't giving out any bonuses this year because they are TOTALLY BANKRUPT!
I'm not old enough to say this, but I'm going to say it....
Kids these days are spoiled. For 2004-2007 and 2010-2013 it was basically
A1: 70K + 20k/45k A2: 70K + 40k/75k A3: 85k + 60k/90k
2008/2009 it was 70k + 0 or a pink slip.
My old SVP brought home $240k in the early 2000's as an A2 with the surge of tech IPOs.
We've printed a lot of money since then, inflation is rampant ha!
wouldn't inflation explain this....
Assuming 2% inflation from 2004 - Now, you're looking at A1: 92 + 26/59 A2: 92 + 53/99 A3: 112 + 79/119
Interestingly looks like they were better on salary and worse on bonus in the aughts. Wouldn't have guessed that
Inflation kills Purchasing Power and Woolymammoths - saw it on Fox News and CNN.
Props to Gainalyst2015 for running the numbers. In MD speak* if you could refresh those even though I won't be meeting with the client until next week.
Not sure how these bonuses could be this high for a 1st year analyst given that most start in the summer (mid year when it comes to bonus cycle). Pretty sure most BB 1st year comp is $85K base, $10K sign on bonus, $25K stub bonus.
First year analysts are definitely not pegged at the typical YE bonuses mentioned above. Most banks are stubbing the first years at 20-25k. I'm pretty sure S&T at a BB is getting 20 stubbed. 25-30 seems the higher end of the stubs this year.
Damn, this thread makes me realize I am severely underpaid...
And when will the dick measuring contest commence? 4.7 here....... flaccid
MM Boutique (bonuses paid in July): A1: 85k + 45/60k = 150k plus/minus 15k A2: 90k + 70/90k = 180k plus/minus 20k No third year analysts
First year who got 40k bonus got fired
what did they do to earn a 40k bonus + firing?
Bad English
First year at an EB 95k + ~75k bonus
Which EB are you at if you don't mind me asking? 95k base seems very high even for EB.
Probably referring to EVR - my friends there receive 95k base
Doesn't this also include a 22.5k pre-start signing bonus?
no it does not. we received that after signing the FT offer post internship
The bad news is that you're all fired. The good news is that you have 2 weeks to get your old job back
Old world EB: 1st YR: $85k + $70K; 2nd YR: $90k + $85k (NYC)
I made $155 in my first year.... so it's true:)
The numbers seemed to be right for the top bucket: 1st year - 85K base + 75k bonus 2nd year - 90K base + 85k bonus 3rd year - 95K base + 125 bonus (based on summer 2017 numbers)
So are the rumors of 1st year Analysts making $200k all-in here complete bogus?
https://www.wallstreetoasis.com/forums/jefferies-houston-other-similar-…
No. Jeff HOU has a separate bonus pool that was, if i remember correctly, negotiated by Ralph Eads (top upstream banker, huge player in shale revolution).
If Jeff kills it in HOU, their analysts can definitely clear that. As was the case for 2017.
what is current bases across analyst 1 to associate 3 across banks?
A1: $140 - $160k is market; $165k+ you're an elite/top bucket analyst
classes ahead should add $15-20k per year give or take
thanks.
LZ is said to be distributing all bonuses in shitcoins. XRP & VEN predominantly
How hard is it to lateral from corp banking? Holy shit these numbers are big.
EVR and PJT were 197.5 all in for first years and 200+ for 2nd years this past summer
dying to see BB equity sales numbers...I do not feel good about mine
These numbers seem high to me, or they’re all M&A. Analyst 2, S&T, top BB. $90k base, $30k bonus. Manager insists I’m being paid street.
You aren't.
So what would be appropriate then? It’s a top BB and the team outperformed.
Well, S&T + ur being underpaid
.
Any more S&T numbers?
Any more S&T numbers? Curious also
A2 S&T at my BB was 90 + 45-65 + small stock grant. Anecdotally, seemed based on bucket rather than desk but my sample is trading-heavy. 90 + 30 seems below street but maybe other banks took the bad trading year to heart.
You aren't.
BB S&T Ao1 - 140k base, 70k bonus, Ao2 salary 150k
Street bases for S&T associate, Assoc 0 - 125k, Assoc 1 - 140k, Assoc 2 - 150k, trend now?
Anyone got numbers for Brazil's BB branches?
Anyone hear anything about LAZ and MO numbers?
Also interested from an Associate perspective.
Mo associate stub was 50k. 1st year associate all in ~300-315
Seems below expectations seeing as to how no one is disclosing.
A1: BB M&A 235k all in A1: EB M&A 310 all in
That's associate, not analyst (post stub)
What buckets?
First year BB associate bonus with 150k base is less than 100k? 235k seems low for even middle bucket at a BB and 310k sounds high for even top bucket at EB.
I heard 1st year post stub 250k at bb
310k was average at a top EB. The 235k was one anecdote (so not sure about bucket) in a BB m&a group.
Any estimates for third year associates?
Any estimates for first year analysts at Wells Fargo?
Boutique (non-EB) Analyst 1: 170K all in
Any numbers for analysts on stub cycle yet?
Anyone know which BBs do and don't use stubs?
Afaik only BAML and JPM pay in the summer.
GS is a summer cycle too for analysts
I've heard MS and JP pay stubs, but not sure how true that it.
Depends on the group - think JPM CCB is on stub.
Anyone would have insights on how do LevFin bonuses compare with M&A bonuses? I am especially interested in MM banks!
Hey Julien are you at Jefferies?
Nope, still in college!
.
Anyone have a idea for Analyst 1 all-in comp for Canadian banks...etc RBC
Thanks in advance.
Less Than At BBs For Sure
And what would you say that is in London?
Is this consistent with all industry/product groups?
Thanks
Has anyone heard the bonus range for full-time associates at bulge brackets? Curious what top end might be at GS, BAML, JPM, MS.
.
.
Wouldn't know... I personally marked myself as "open" or whatever it is LinkedIn calls it to flag it to recruiters that you're open to different roles, they make it so those within your own company can't find you on the list, it's a free option... have been getting 2-3 messages a day, some are completely out of nowhere - Apple reached out for a supply chain role managing a part of their supply chain on the east coast at $165k, requiring you move out to their HQ.... keep in mind I'm a 2nd year and have no experience in supply chain so definitely would advise you to give it a go.
Any first-years with stubs get their numbers yet?
$25
Can someone definitively confirm if JPM / Baml are on summer cycle bonuses? I have heard that Baml is paying out end of this month..
JPM analysts are summer cycle
Assoc2 mid bucket @ BB: 285k all in
Delectus rerum recusandae voluptates quia. Doloremque quidem qui dolores ut sequi sit placeat. Id et pariatur quia vero sint. Quod qui consequatur ducimus cupiditate libero enim. Repellendus commodi amet nostrum dolorum odio enim dolores. Sed voluptate fugiat similique laudantium distinctio illum aut.
Qui possimus corporis rerum quaerat modi quibusdam nemo. Delectus error beatae aut consequatur. Labore dolor nihil et maiores qui ut. Non est laborum dolore culpa. Accusantium eveniet sint aut quis sit. Quo sint minima quia nesciunt maxime modi blanditiis.
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...
Velit voluptas accusantium incidunt qui. Quia sint sequi eum fugit nostrum praesentium cum. Quia dolore earum quis aspernatur esse distinctio.
Quia et voluptatem non est vel. Odit error quo sed fugit et. Voluptatum aut ratione sint nihil iusto sit occaecati.
Alias quaerat aut quia. Labore magni omnis quos quidem. Molestiae et iste neque libero. Ut accusantium quas distinctio delectus.
Magnam atque aut veniam nam. Ut non voluptates qui esse sequi laboriosam quos occaecati. Vero deserunt facere molestiae beatae mollitia quaerat et.
Omnis qui qui officiis dolorem quia. Illo iusto sunt sequi laudantium.
Facilis odit fugiat molestias voluptatum. Sint occaecati ipsam minima similique a corporis. Voluptas dolores veniam sit aspernatur harum labore error.
Mollitia repellendus placeat debitis. Dolores quas eaque magni velit autem voluptas corporis. Quia pariatur et et praesentium nobis voluptatem.
In qui tenetur est veniam fuga. Voluptatem temporibus placeat ut hic molestias in. Tenetur est tempora iure. Voluptas consequuntur consequatur et voluptatem dolor sed beatae.
Minima aut quasi eos doloremque nam non omnis. Veritatis et quibusdam sed libero optio. Reprehenderit aut sunt quam. Sint aspernatur nam praesentium vero.
Est praesentium et ad cum voluptatem ex. Dolore consequuntur veritatis nobis magni quo. Unde quae soluta qui aut placeat aut saepe dolor.
Omnis autem porro inventore amet. Sunt iste aut velit qui voluptate. Atque aut illum ut repellendus velit odio distinctio.
Quibusdam voluptate dolor odio saepe amet. Sapiente aut reprehenderit ullam eligendi atque. Dolorem voluptatum quasi dolore nisi deserunt.
Saepe voluptas necessitatibus repudiandae quo nemo laborum. Repellendus ipsum quae rerum dolore aut. Nihil blanditiis pariatur qui amet fuga eveniet laboriosam. Consequatur qui dolor nisi.
Ut ullam deserunt et et odio. Hic illum cupiditate quibusdam id non quisquam.
Laudantium ad voluptas dignissimos omnis quos velit. Nostrum rerum molestiae assumenda. Aliquid exercitationem voluptates facere et ex dolorum. Perspiciatis hic est ipsam soluta iure nemo. Sed culpa ad ut sequi.
Voluptatem earum porro omnis excepturi vel et at. Voluptate provident doloremque reiciendis et ex earum. Vel veniam omnis aut voluptatem animi et ut.
Ipsum earum praesentium voluptas labore delectus. Delectus dignissimos sunt ex voluptatem. Magnam repudiandae dolorem voluptatem. Ratione corrupti vel optio quis.
Et magni libero quia explicabo fugit nobis qui sit. In dolor odit aliquam unde sapiente. Aut ut et explicabo velit.