Highest Paying Investment Banking Roles (Analyst)
Just wondering if anyone knows the highest paying analyst positions on the street. Any knowledge of the #'s would be helpful. Thanks!
Just wondering if anyone knows the highest paying analyst positions on the street. Any knowledge of the #'s would be helpful. Thanks!
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Most are pretty similar and performance based. Evercore comes to mind as a place that has very large bonuses.
I think that bonuses at a few of the elite boutiques have been higher than (especially some of the lower-performing) BBs. But overall, analyst pay should be fairly similar from bank to bank, and vary depending on performance (which "bucket" you get placed into come review time).
So elite boutiques most likely pay higher than BB's on average? Also, are there any firms that don't "tier"?
So you're asking what bank you can go to while still slacking off in order to receive the greatest pay, even if you're awful, as a result of bonuses not being tiered? Seems right.
Beggars can't be choosers.
@eaglehead, you're right, it's wrong to ask a question pertinent to the field that many people would like to know. If you'd like to point to where I said anything about slacking at all, feel free to let me know and I won't post again. Wow. @Btbanker see above, nobody's begging. Seriously people.
Anyone else?
I mean - You essentially asked, "Who pays the most while my compensation would be completely uncorrelated to my performance?"
I mean lots of other firms (non banking) don't tier and pay the same bonus across the board, so I don't see how it is a particularly ridiculous question. I'm sure there are some boutiques that work this way as well.
@blackjack, yes exactly. It's a harmless question to see if anyone knows the structure of pay at certain firms since it's not readily available on this site. This site seems to be lacking quality posters and those who love to degrade specific questions. Posters LOVE to "assume" ulterior motives from the OP. Literally pointless for the flow of conversation and keeps people in dark of useful info that some may have.
Please only respond if you'd like to help out the knowledge base of WSO'ers.
I guarantee you the highest paid investment banking analyst is some smokeshow that is banging her MD and getting a "special bucket" bonus.
If this was possible for male analysts and female MDs, I'd definitely be a banker right now
They're all about the same. They benchmark each other heavily. It used to be that the Bear Stearns equivalent firms paid a little bit higher, because they were trying to compete with the big guys and most people would have preferred to work elsewhere, all else being equal. Not sure if this is still true.
Bottom line, don't take an analyst offer because of potential differentials in 1st year pay. If anything, higher pay signals weakness from the firm because that usually means nobody wants to work there without the increased pay.
@sirtradesalot, that makes sense. However, don't the elite boutiques (BX, Lazard, Qatalyst, PWP, etc.) pay higher than the BB's? I would think that these positions are most likely as coveted as the very top BB's or even more so in general, so increased pay in this case wouldn't signal weakness from the firm, correct?
Lazard is notorious for underpaying, at least thats what I recall. (not from direct experience)
Just looked around on-line, appears that the top compensation for the BB's was around 140k all-in (Signing, Salary, Bonus). Found that Blackstone paid 165k all-in in 2010 (not sure about more recent #'s). I've read that Qatalyst paid somewhere around 90k bonus alone, not sure if this is true.
Blackstone consistently pays well over street, and they do not bucket bonuses.
Any idea what all-in comp is for first year at Qatalyst?
Dealbreaker has this stuff.
From what I've been told, Centerview has the highest on the street. They're very big on retention and I've heard from rumors of people getting paid 200k in good times, although I can't verify. Definitely substantially higher than BB pay.
I'm not sure if Evercore analysts get paid more than at a BB but an analyst there told me that the jump in pay from 3rd year analyst to associate is very large, in order to incentivize you to stay instead of moving to PE/hedge funds.
The bulge brackets currently are pretty standardized. 70k base salary. 10k signing bonus. Variable bonus depending on bucket (performance). Expect your first year bonus to be 30-60k, depending on performance and the business cycle. So between 110k and 140k all in. Second year base salary is 80k, with a bigger bonus.
How about banks with highest pay relative to hours worked?
Best paying firms at the moment? (Originally Posted: 05/24/2014)
Recently I read this article on the FInancial TImes that stated that "The world's 25 best-paid hedge fund managers took home a combined $21.1bn" in 2013. So it got me wondering; which are the highest paying firms at the moment, and how does one break into them? I guess that alternative investment firms give out fairly high salaries, but what else is there? I also heard that this is the end of the IB era...
Most of those 25 people own the hedge funds. They don't work for them.
The best paying firm is the one that will pay you. And like Illini said, the 25 top paid guys who make almost a billion on average own those firms and have significant skin in the game.
So then what is your question, here?
I think the most appropriate question for you is "how do I break in to the sellside?" Or "I want to be able to afford a condo in London (where prices start in the seven figures) some day. How do I land a career that will let me do that?"
Let's start with the simple stuff that us mortals can relate to, and then one day if you figure out how to make ten figures, you can come back here and tell us how it's done.
Haha alright I will! I was just wondering who still pays big bonuses after the crisis of 2008
I hear SAC Capital is pretty neat.
OP: be more specific about what part of Wall St and what positions. IB analyst at BB's? Or associate, vp or how much are they paying their c-suite? Or S&T, ER, guys on a syndication desk,etc at those firms, or at boutiques or solid mm banks? Or PE, hedge funds, real estate PE, and at what level? You'll get more responses or you can search this site. I'm sure there are dozens of comp related things.
PE and HF's are more difficult to say that this place or that place "pays" x, y or z at the higher more experienced positions (I.e. the guys who you most likely want to hear about because those sums are quite large) because pay is closely related to performance for the carry, they're private (so they dont need to tell anyone shit) and they're smaller so they don't have tens of thousands of employees running all over the street bragging or bitching about their bonus. PE has more structured and typical comp at jr levels but HF's, and I've never worked at a HF so this is coming from friends in the field, even at jr levels is affected by fund performance: if the funds down the the month, year whatever, no ones getting big or any bonuses. The pay at the extreme high end is even more of a function of performance because these guys started their own firms and have significant money invested in the funds. When the press says that HF manager John Doe made $2b last year I believe it's not simply on the carry but often includes the money he has in the fund as well as carry (I may be incorrect so feel free to say I'm wrong). I know at the PE firms that have gone public in parts or whole the press started reporting that whichever manager made hundreds of millions and the press made it sound like they paid someone $300MM in salary when large parts of it were distributions, dividends because they owned so much of the GP/management co) and had significant amounts of cspital in various funds, then from carry and salary. Take a look at HF's also, and I'd guarantee that the FT article included these guys but Soros and Cohen returned outside investor money (for entirely different reasons) and decided to just invest their own money. Soros did that with something like $23b and Cohen did it with over $10b ( could be wrong on that amount.
But I wouldn't worry about IB or Wall St not being a lucrative career. Every time something happens that adversely affects the business and everyone thinks you're never going to make the same money and the good old days are past (I'm thinking when stocks went to decimals everyone thought trading was done, now there's just a bunch of hedge fund billionaires, or before I got into the business the market crash of 87 meant it was all done, or I hear old timers talk about the ending of fixed commisions in the 70's was the death knell for Wall St. Too many smart fuckers with too much money at stake to ever let finance be unprofitable no matter how many people occupy Wall St.
Wow! Great answer thanks!
Best paying role in finance? (Originally Posted: 03/27/2015)
I have doing some research on various forums and speaking to different people and I found that base salaries for quants with no experience is between $90K-$120K with some people mentioning around 25%-50% bonus . With 3-5 years experience base salary moves to $150K-$180K base with around 50% bonus. Are these numbers accurate? If so being a quant the best paying role in banking?
LOL
Yes, quants are taking over the world one PDE at a time.
Would it be possible to intern with a masters degree?
yeah dude go for it enjoy 10 years of school
Its not 10 years of school though lol I was going to do a masters anyway and its just three years for a phd after that. During the summer I can intern at places. TBH I already kind of considered a phd but seeing the opportunities like these is making it more likely.
So you'd spend 5 years doing a Ph.D just so you can have a high starting salary? Why not just work those 5 years and have an even higher salary after that?
PHD in uk is 3 years. Furthermore salaries for quant's accelerate as experience increases.
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