Highest ever starting salary? 
by diamond1484
(Monkey, 42
Points) on 4/19/07 at 1:40am
Tags:

IBD is standard, 60K+10K, but what about outliers, I know one kid, whose getting 80K+ 80K(assured bonus), with the possibility of more if the HF performes. Damn.. I would hate on him but I know he is smart as hell, and as much as I hate to admit it, prolly deserves it. Anything else top that?
















yeah i know this one kid at
by Gomminiyeah i know this one kid at goldman who was an absolute rockstar, varsity tennis, extreme skiier, etc. hit it off big with the senior guys who knew he was shopping between lazard, morgan, greenhill and blackstone. The fucker got 70/30. They claimed the added 20 on relo was because his family is from uzbekistan.
bshit.
by kamilbasbshit.
you sure he isn't in
by jj80you sure he isn't in quant...they get 70 starting but their bonus wont top 30ish
Aren't there some gleacher
by ratulAren't there some gleacher guys who pulled 150k first year?
analysts
by iambatemanare a dime a dozen. no way GS gave some kid 70+30 when everyone else gets 60+10
Recently some BBs have
by EuroMonkeyRecently some BBs have increased base when guys presented them with two competing analyst offers.
evercore offered 75k
by dav3100evercore offered 75k starting. gleacher also supposively offered more than 60k. those are the only two banks i've heard of that offered more than 60k.
hedge funds and prop trading firms are a different story - 75k + 15k sign-on seems pretty standard here. i do know one guy who is getting 85k base at a HF (his bonus will supposively be around 100% of his base).
nice vayner reference
by Jimbonice vayner reference
I was waiting for someone to
by GomminiI was waiting for someone to catch on
ppl can't see the sarcasm
by Jimboppl can't see the sarcasm always
Re: yeah i know this one kid at
by BSD123yeah i know this one kid at goldman who was an absolute rockstar, varsity tennis, extreme skiier, etc. hit it off big with the senior guys who knew he was shopping between lazard, morgan, greenhill and blackstone. The fucker got 70/30. They claimed the added 20 on relo was because his family is from uzbekistan.
How was his ballroom dancing though?
--------------
Either you sling crack rock or you got a wicked jump shot
I think he interviewed with
by penguin1I think he interviewed with us, benched 225 for 24 reps, unfreakingbelievable. He was too badass for us.
impossible is nothing
by ghosht:)
yeah
by gusthebusi heard evercore offers 70+15 to start and usually 10 above the street bonus at each level. but is an absolute sweatshop. think greenhill is somethign similar. duno about gleacher
Perella Weinberg?
by AnacotSteelMay be way off here, but I heard they offer $80k + bonus. This is from a target school source.
U guys don't know how good
by aadpepsiU guys don't know how good you have it, honestly. When I graduated undergrad, my first job paid $38K :-(
didnt some superstar at DE
by devindidnt some superstar at DE Shaw get a million dollars his second or third year there after developing a model that soon became heavily used by the company? i dunno if i heard about that here or somewhere else, but it's still impressive nonetheless
Sounds like an urban myth.
by aadpepsiSounds like an urban myth.
nah it's definitely
by Jimbonah it's definitely possible. similar things can happen at banks.
Hedge funds...
by mrbubbaA well recognized hedge fund offered a "friend" 85k plus a little more than 20k signing. He turned it down.
guaranteed bonus
by marcomonoNo bonus is ever for sure.... it's always performance based. Remember that these jobs pay you based on your level of experience. If you're just a normal grad even from a top school, you have little to no actual experience that is valuable to a bank. Instead, you're hired based on your future potential and ability to learn quickly and to eventually be a valuable member of the team.
marco, if you're speaking
by Jimbomarco, if you're speaking about analyst and junior ppl then sure. but lots of ppl get hired with guaranteed bonuses once you get a bit more senior.
Blackstone
by GSBankerHeard from someone BS PE pays 220K out of college? Any truth to that?
Definitely have it good. I
by penguin1Definitely have it good. I started as an unpaid intern and lived with my parents. After 6 mos, they gave me a $5k bonus and promoted me to...wait for it...$23k.
It's worked out very well.
Note: It occurred to me that I live in a very low cost of living city and if I were to compare it with NYC, it would be $51k. But $0 is $0, so you guys are lucky.
BS PE paid it's first year
by SeancBS PE paid it's first year analysts $200K in 2003. A good friend of mine from Wharton worked for them back then for a year and then switched to GA.
No clue what FYAnalyst compensation is like now but $220K shouldn't be too far off.
where do you go to school
by devinwhere do you go to school seanc
I knew kid who was put on an
by MummI knew kid who was put on an Itraxx trading desk the first year the product came out because they thought it would be a quiet place he couldn't screw up.. We know how popular that thing became, the kid made a mill in bonus, age 24.
unless he worked at a prop
by devinunless he worked at a prop shop or something i find that highly unlikely for any bank or hedge fund
150K
by akers13I know some of you won't believe this, but it's true. A kid at Wharton (who's graduating in 3 years) got an offer from Citadel (not in new york) for $150K, plus tuition reimbursement for a master's degree program, plus bonus.
Of course, he turned them down to pursue a quant degree at Princeton next year.
i go to hell bitch
by Gomminii go to hell bitch
....
by skins1There are MBAs at shops like some of the ones you mentioned who got pay packages of around $500K, so $200K for an analyst at an absurdly selective shops sounds very possible. Rare, but it happens.
Guys, guys, guys
by ibleedexcelGuys, I've been in the business for four years now. Worked at difference firms. Doing the PE thing now. Have interviewed at a lot of places....
Most of these comments appear to come from college students and half of them are bullsh*t.
"I heard of my sister's boyfriend's uncle's cousin who started at 500k salary. Or was that his bonus?....Or all in comp? I dunno, it was a lot."
gotta love the internet
by Jimbogotta love the internet
just the messenger
by akers13I knew you wouldn't believe me.
fact
by daasi for a 100% fact know a 1st year analyst who left their gig at a BB and got 95k base and 100k bonus from Evercore.
confirmed by said person himself.
Did he show his pay slip ?
by runtothehillsDid he show his pay slip ? Otherwise I earn 1,000,000 a week.
I know a guy who got an
by afftarI know a guy who got an offer from Greenhill for 70+10+10 before bonus. Turned it down for Citi 60+10.
that's a curious move. maybe
by TheRealDealthat's a curious move. maybe he liked the culture better?
friend working at greenhill
by iambatemanthey pay 70 plus 10 plus 10 in stock options for 1st year analyst...stock options vest after 2 yrs
Re: fact
by dagwoodi for a 100% fact know a 1st year analyst who left their gig at a BB and got 95k base and 100k bonus from Evercore.
confirmed by said person himself.
So what? 195k all-in for a second year analyst? Your comp jumps every year if you stay in investment banking.
I know there are some
by angry_keeblerI know there are some smaller banks that pay 65k, Sagent, ThinkEquity, etc. Bonuses probably wont be up to par though.
Re: that's a curious move. maybe
by money never sleepsthat's a curious move. maybe he liked the culture better?
Culture? Citi?
Re: U guys don't know how good
by SJFC07U guys don't know how good you have it, honestly. When I graduated undergrad, my first job paid $38K :-(
what and where was your job? and what do you do now?
I knew a first year analyst....
by sopranofamilyat Citigroup a few years back who pulled a 100% bonus and walked with around $130 k his first year. I am inclined to believe it because I know the kid well, and he never boasts and is so modest, and he's rich to begin with, so has nothing to gain from lying really. Don't think that is exceptional to get a salary like that though.
2nd year Analyst
by unicornWhat is the average base for 2nd year Analyst? I got an interview and was wondering what base should I ask for? And what is the base for first year associate? Thx.
A buddy of mine
by sghGot hired at a top 5 hedge fund (think SAC, Bridgewater) straight out of Wharton claiming a base near 150k, and apparently the rumor when i was at Wharton was that DE Shaw also had base close to 100k.
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