ER Bonuses: 2012
How'd everyone do this go around? I get a sense that the street was very tough this year but all of the focus is on IBD and not ER so there's very few data points. I think it's helpful to collect as much comp info as possible to understand the health of our business and also for people to know whether they're fairly compensated. Obviously privacy/anonymity is important here but fill out something generic if you don't mind, as I have done below.
Firm Type: MM (Jefferies/RBC/Stifel)
Location: NYC
Role: 3rd Year ER Associate
Base: Raised to 90k from 80k
Bonus: 50k cash





what could a 1st year analyst
what could a 1st year analyst expect? is 50k the norm?
How about a first year
How about a first year associate (or whatever the position is called) out of college at a bulge bracket?
First year at a BB could
First year at a BB could expect 65-70k and bonus of 0-40k. There's no such thing as "the norm" anymore and that's one of the reasons I created this thread; to get a feel for ER pay on the street. On the lower end, some people have quoted all in pay at 40-50k for 1st years at smaller shops.
Firm Type: MM - competing
Firm Type: MM - competing with Jefferies/RBC/Stifel
Location: Midwest
Role: 2nd Year ER Associate
Base: Raised to 70k from 65k
Bonus: <20k cash
AVPs in back office jobs make
AVPs in back office jobs make more than this.
of course AVPs make more than
of course AVPs make more than this... whats the point?
I'm having a hard time even
I'm having a hard time even getting phone interviews for ER Associate positions with ~17 months FT experience in a MF capacity, passed Level I of CFA and currently studying for Level II.
They straight up tell me, "We want people with extensive modeling capabilities that can hit the ground running." How do people get jobs like this right out of undergrad?
My name is Nicky, but you can call me Dre.
I got my offer through a
I got my offer through a combination of networking + OCR.
Firm Type: Boutique Location:
Firm Type: Boutique
Location: South
Role: 3rd Year ER Associate
Base: $75k
Bonus: $75k cash
How about a 1st year analyst
How about a 1st year analyst at a HF?
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
rjroberts1 wrote: Firm Type:
Firm Type: Boutique
Location: South
Role: 3rd Year ER Associate
Base: $75k
Bonus: $75k cash
Seems really high to me - but good for you!
Are you only 3-years out of undergrad or did you come into the industry with some relevant experience?
No i'm actually 4 years out
No i'm actually 4 years out of a Master of Finance program, did a year of banking before coming to ER.
Firm Type: BB Location:
Firm Type: BB
Location: NYC
Role: 2nd year (experienced)
Base: $135k
Bonus: $20k cash
These bonus numbers are
These bonus numbers are depressing me. I was told bonuses are down to next to nothing across the board at ER depts on wall street. Doesn't seem like that's the case?
Firm Type: Boutique/MM border
Location: NYC
Role: 1st year associate (3.5 years out of UG)
Base: $85K
Bonus: $5k
Maybe it's sample bias?
Maybe it's sample bias? People who are happy with their bonus are more likely to report it?
I'm in your camp - I WISH I got a 50K bonus so that I can pay off a huge chunk of my remaining student loans.
I thought the bull-case for my bonus 35K so I was way off the mark lol
DCFwacc, if you don't mind,
My name is Nicky, but you can call me Dre.
KarateBoy you're probably
aempirei wrote: DCFwacc, if
bump
Second year
In asset management (and in
Firm Type: MM
Firm Type: BB Location:
.
WSO User Guidelines
WSO Interview Guides
Uh Goldwing, you don't come
My name is Nicky, but you can call me Dre.
aempirei... apparently, at
bump
aempirei: Uh Goldwing, you
Some banks use the same