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Let's say both are working at top firms in good years, who will make more in total compensation?

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Comments (12)

  • acrew09's picture

    BB IBD easily; Big Law is $160k base + ~$10k bonus for all firms on the Cravath scale. Good year or bad year big law all pays the same.

  • Slash-Finance's picture

    IBD Associate. Your typical IBD associate will make ~$200k+ all in as a first year, while a biglaw associate can expect ~$180k (unless you're at Wachtell, when you'll be making double that). I'd say that you work a bit less in biglaw, but the difference is marginal at best if you're in NY, maybe at 70 vs 80 hours a week. Biglaw outside of NY does tend to have better hours, but not that much, while banking's banking no matter where you go. If you're basing your decision solely on earnings potential, don't

  • jckund's picture

    Holy shit why does it matter? Look, do what you interests you. If you want to go into law go to law school. If you enjoy M&A work do banking. You can't just go around looking for the highest paying job, you're going to be miserable.

  • Ray Mckigney's picture

    Troll for sure

  • Kenny_Powers_CFA's picture

    Not to feed the troll or further a fairly pointless debate, but it's worth remembering that associate =/= associate.
    At law firms associate can range from just out of law school to an 8+ year veteran.

    There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

  • In reply to Kenny_Powers_CFA
    Going Concern's picture

    Kenny_Powers_CFA:

    Not to feed the troll or further a fairly pointless debate, but it's worth remembering that associate =/= associate.

    At law firms associate can range from just out of law school to an 8+ year veteran.

    This sounds true...I mean, just look at Katrina, she is a fifth-year associate but she's competing head-to-toe with Mike who is ostensibly only a first year associate.

    "He who fights with monsters should be careful lest he thereby become a monster. And if thou gaze long into an abyss, the abyss will also gaze into thee."

    "Life is infinitely stranger than anything which the mind of man could invent."

  • In reply to Going Concern
    Michael Eisner's picture

    Going Concern:

    Kenny_Powers_CFA:

    Not to feed the troll or further a fairly pointless debate, but it's worth remembering that associate =/= associate.

    At law firms associate can range from just out of law school to an 8+ year veteran.

    This sounds true...I mean, just look at Katrina, she is a fifth-year associate but she's competing head-to-toe with Mike who is ostensibly only a first year associate.

    lol well done

  • In reply to Kenny_Powers_CFA
    brandon st randy's picture

    Kenny_Powers_CFA:

    Not to feed the troll or further a fairly pointless debate, but it's worth remembering that associate =/= associate.

    At law firms associate can range from just out of law school to an 8+ year veteran.


    Yes. Usually they are always associates until/unless they are promoted to junior partner. There are no other titles or hierarchies in between. Although some manage to transition to "of counsel"-ish positions outside the associate-partner rank. They are sort of like in-house consultants with a good deal of freedom to undertake own initiatives while still on the firm payroll. These positions are rather nice. At big firms a counsel gets paid $200k-250k/year with a heck lot less workload than associates.

    Too late for second-guessing Too late to go back to sleep.

  • In reply to Bullet-Tooth Tony
    brandon st randy's picture

    Too late for second-guessing Too late to go back to sleep.

  • yeahright's picture

    Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."