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are you talking about this
http://www.portfolio.com/views/blogs/daily-brief/2007/04/18/boom-times-…
Holy sh*t.
180k all in for a first year is absolutely incredible. God, I hope the good times last through '09.
BTW, Portfolio.com looks like a quality site.
from my personal experience, the spreadsheet is pretty spot on when it comes to top tier bonuses, however, i am still waiting on other spreadsheets to come my way.
Last year it was pretty dead on, and I thought it was high from 65 in '05...
Of course the past two years I've been the one saying "it's too early to be talking about numbers, these ones are ridiculously high..." but I'm continuously proven wrong.
$110,000 !!
Damn, I wish it rises to $130,000 next year, imagine pulling in $200K your first year out of College !
110 was only two banks. One being GS which is among one of the reasons I think it's not legit. Median was 100.
$170K all in isn't too bad either...
This business makes you somewhat bitter. I see analyst numbers and should be thanking my lucky stars. Then I get staffed on deals with a worthless 1Y associate and all I can think about is how he's making twice as much as me and I do 10x the work.
Yeah I know how you feel. But the way I think about it is that he needs to pay off his loans. Unless he was rich beforehand, but I don't like to think about that.
can i see the actual spreadsheet?
Where is the spreadsheet for markets?
Where is the spreadsheet?
spreadsheet has been shot around bullpens across the street - ask other analysts in your group or friends at other banks
Anyone know what analyst pay and bonuses are at boutiques in a city like Charlotte?
Competitive in general or lagging way behind?
Other cities are usually lower since the COL is a lot less. Just from rent, plan on saving $1000-$1500 per month. That's $12-18k per year, post-tax, translating into $16-24k pre-tax. That's just savings related to rent. Overall, if you already own a car (and can resist buying a new one), you can save some serious money that can ultimately result in a bonus that is only slightly lower than BB when adjusted for COL.
Chicago, LA, SF, Dallas, Houston are generally the same as NYC
How does the overall pay at boutiques in cities like Dallas, Houston, or Charlotte compare to that of the BB in the area?
About the same, or a real discrepency? Thanks.
So are big bonuses here for good, because of PE and HFs?
What do you think bonuses will be for first years starting this upcoming July?
All i can say, is that I am soo fucking looking forward to this july..
You and me both. Going home for a few days in August and Vegas sometime in Sept...
For real a Vegas trip is in store man. I live in LA and it's HAS BEEN TO LONG!
Spreadsheet looks real good, but I think 100k max is more reasonable. Either way, no complaining from me.
I don't think the variance of 10 between banks is reasonable. 5 max - like last year, but once one bank pays 10 I think the others will up the ante.
How long can banks keep this up? What if the market stays flat (or sours) in '08 and '09? Will the bonuses remain the same or even decrease?
Just to give you an idea, one of my associates indicated that he never even hit 6 figures when he was an analyst which was 01-03. That should give you an idea of what happens if the markets tank
Of course they could decrease, wtf.
PE market should signal bonuses for next few years, imo.
Agreed. I think if the Alternative Investments firms of the world continue to succeed and pay top dollar for top talent, so shall banks to keep pace. I already feel like there is more talent at the analyst level compared to the associate level (no offense to you associates, just my personal experience) due to associates not having any prior analyst experience because all the top talent leaves for buyside...
what are the bonuses for boutiques like in NYC?
I am sorry, but why would a bank need to pay top dollar when most PE shops and hedge funds would not be offering this pay unless they already spent two years in IBD? In my opinion this would only indicate high bonuses for associates and third year analysts.
Income taxes anyone? You won't net nearly that amount.
gradhopes - everyone knows your not netting that amount but who da hell is gonna sit there and put together a spreadsheet of net bonus after taxes and assumed 401k contributions, etc.
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