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WallStreetOasis.com » Forums » I-Banking Bullpen

Highest ever starting salary? Forum's RSS Feed

diamond1484's picture
by diamond1484 User's RSS Feed (Monkey, 42 Banana Points Points) on 4/19/07 at 1:40am


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?

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Gommini's picture

yeah i know this one kid at

by Gommini User's RSS Feed (Orangutan, 310 Banana Points Points) on 4/19/07 at 2:45am

yeah 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.

  • 0 votes
kamilbas's picture

bshit.

by kamilbas User's RSS Feed (Senior Monkey, 72 Banana Points Points) on 4/19/07 at 3:02am

bshit.

  • 0 votes
jj80's picture

you sure he isn't in

by jj80 User's RSS Feed (Orangutan, 278 Banana Points Points) on 4/19/07 at 3:03am

you sure he isn't in quant...they get 70 starting but their bonus wont top 30ish

  • 0 votes
ratul's picture

Aren't there some gleacher

by ratul User's RSS Feed (Gorilla, 586 Banana Points Points) on 4/19/07 at 4:15am

Aren't there some gleacher guys who pulled 150k first year?

  • 0 votes
iambateman's picture

analysts

by iambateman User's RSS Feed Certified User (Senior Gorilla, 994 Banana Points Points) on 4/19/07 at 5:12am

are a dime a dozen. no way GS gave some kid 70+30 when everyone else gets 60+10

  • 0 votes
EuroMonkey's picture

Recently some BBs have

by EuroMonkey User's RSS Feed (Orangutan, 356 Banana Points Points) on 4/19/07 at 5:17am

Recently some BBs have increased base when guys presented them with two competing analyst offers.

  • 0 votes
dav3100's picture

evercore offered 75k

by dav3100 User's RSS Feed (Senior Baboon, 202 Banana Points Points) on 4/19/07 at 5:31am

evercore 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).

  • 0 votes
Jimbo's picture

nice vayner reference

by Jimbo User's RSS Feed Certified User (Neanderthal, 2515 Banana Points Points) on 4/19/07 at 7:24am

nice vayner reference

  • 0 votes
Gommini's picture

I was waiting for someone to

by Gommini User's RSS Feed (Orangutan, 310 Banana Points Points) on 4/19/07 at 7:31am

I was waiting for someone to catch on

  • 0 votes
Jimbo's picture

ppl can't see the sarcasm

by Jimbo User's RSS Feed Certified User (Neanderthal, 2515 Banana Points Points) on 4/19/07 at 7:58am

ppl can't see the sarcasm always

  • 0 votes
BSD123's picture

Re: yeah i know this one kid at

by BSD123 User's RSS Feed (Senior Orangutan, 400 Banana Points Points) on 4/19/07 at 9:24am
Gommini wrote:

yeah 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

  • 0 votes
penguin1's picture

I think he interviewed with

by penguin1 User's RSS Feed (Senior Chimp, 25 Banana Points Points) on 4/19/07 at 9:36am

I think he interviewed with us, benched 225 for 24 reps, unfreakingbelievable. He was too badass for us.

  • 0 votes
ghosht's picture

impossible is nothing

by ghosht User's RSS Feed Certified User (Orangutan, 352 Banana Points Points) on 4/19/07 at 1:34pm

:)

  • 0 votes
gusthebus's picture

yeah

by gusthebus User's RSS Feed (Senior Chimp, 27 Banana Points Points) on 4/19/07 at 2:00pm

i 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

  • 0 votes
AnacotSteel's picture

Perella Weinberg?

by AnacotSteel User's RSS Feed (Senior Monkey, 85 Banana Points Points) on 4/19/07 at 2:24pm

May be way off here, but I heard they offer $80k + bonus. This is from a target school source.

  • 0 votes
aadpepsi's picture

U guys don't know how good

by aadpepsi User's RSS Feed Certified User (King Kong, 1212 Banana Points Points) on 4/19/07 at 2:26pm

U guys don't know how good you have it, honestly. When I graduated undergrad, my first job paid $38K :-(

  • 0 votes
devin's picture

didnt some superstar at DE

by devin User's RSS Feed Certified User (Orangutan, 279 Banana Points Points) on 4/19/07 at 2:30pm

didnt 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

  • 0 votes
aadpepsi's picture

Sounds like an urban myth.

by aadpepsi User's RSS Feed Certified User (King Kong, 1212 Banana Points Points) on 4/19/07 at 2:46pm

Sounds like an urban myth.

  • 0 votes
Jimbo's picture

nah it's definitely

by Jimbo User's RSS Feed Certified User (Neanderthal, 2515 Banana Points Points) on 4/19/07 at 2:52pm

nah it's definitely possible. similar things can happen at banks.

  • 0 votes
mrbubba's picture

Hedge funds...

by mrbubba User's RSS Feed (Senior Baboon, 244 Banana Points Points) on 4/19/07 at 3:16pm

A well recognized hedge fund offered a "friend" 85k plus a little more than 20k signing. He turned it down.

  • 0 votes
marcomono's picture

guaranteed bonus

by marcomono User's RSS Feed (Chimp, 2 Banana Points Points) on 4/19/07 at 3:37pm

No 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.

  • 0 votes
Jimbo's picture

marco, if you're speaking

by Jimbo User's RSS Feed Certified User (Neanderthal, 2515 Banana Points Points) on 4/19/07 at 3:49pm

marco, 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.

  • 0 votes
GSBanker's picture

Blackstone

by GSBanker User's RSS Feed (Senior Monkey, 92 Banana Points Points) on 4/19/07 at 3:57pm

Heard from someone BS PE pays 220K out of college? Any truth to that?

  • 0 votes
penguin1's picture

Definitely have it good. I

by penguin1 User's RSS Feed (Senior Chimp, 25 Banana Points Points) on 4/19/07 at 4:03pm

Definitely 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.

  • 0 votes
Seanc's picture

BS PE paid it's first year

by Seanc User's RSS Feed (King Kong, 1164 Banana Points Points) on 4/19/07 at 4:10pm

BS 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.

  • 0 votes
devin's picture

where do you go to school

by devin User's RSS Feed Certified User (Orangutan, 279 Banana Points Points) on 4/19/07 at 6:42pm

where do you go to school seanc

  • 0 votes
Mumm's picture

I knew kid who was put on an

by Mumm User's RSS Feed (Senior Chimp, 22 Banana Points Points) on 4/19/07 at 8:45pm

I 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.

  • 0 votes
devin's picture

unless he worked at a prop

by devin User's RSS Feed Certified User (Orangutan, 279 Banana Points Points) on 4/19/07 at 9:15pm

unless he worked at a prop shop or something i find that highly unlikely for any bank or hedge fund

  • 0 votes
akers13's picture

150K

by akers13 User's RSS Feed (Chimp, 10 Banana Points Points) on 4/20/07 at 12:55am

I 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.

  • 0 votes
Gommini's picture

i go to hell bitch

by Gommini User's RSS Feed (Orangutan, 310 Banana Points Points) on 4/20/07 at 4:14am

i go to hell bitch

  • 0 votes
skins1's picture

....

by skins1 User's RSS Feed Certified User (Senior Orangutan, 419 Banana Points Points) on 4/20/07 at 10:07am

There 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.

  • 0 votes
ibleedexcel's picture

Guys, guys, guys

by ibleedexcel User's RSS Feed (Baboon, 138 Banana Points Points) on 4/20/07 at 2:23pm

Guys, 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."

  • 0 votes
Jimbo's picture

gotta love the internet

by Jimbo User's RSS Feed Certified User (Neanderthal, 2515 Banana Points Points) on 4/20/07 at 2:24pm

gotta love the internet

  • 0 votes
akers13's picture

just the messenger

by akers13 User's RSS Feed (Chimp, 10 Banana Points Points) on 4/20/07 at 4:52pm

I knew you wouldn't believe me.

  • 0 votes
daas's picture

fact

by daas User's RSS Feed (Chimp, 10 Banana Points Points) on 4/20/07 at 8:36pm

i 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.

  • 0 votes
runtothehills's picture

Did he show his pay slip ?

by runtothehills User's RSS Feed (Baboon, 159 Banana Points Points) on 4/21/07 at 12:01pm

Did he show his pay slip ? Otherwise I earn 1,000,000 a week.

  • 0 votes
afftar's picture

I know a guy who got an

by afftar User's RSS Feed (Monkey, 41 Banana Points Points) on 4/22/07 at 11:52pm

I know a guy who got an offer from Greenhill for 70+10+10 before bonus. Turned it down for Citi 60+10.

  • 0 votes
TheRealDeal's picture

that's a curious move. maybe

by TheRealDeal User's RSS Feed (Senior Chimp, 23 Banana Points Points) on 4/23/07 at 12:53am

that's a curious move. maybe he liked the culture better?

  • 0 votes
iambateman's picture

friend working at greenhill

by iambateman User's RSS Feed Certified User (Senior Gorilla, 994 Banana Points Points) on 4/23/07 at 2:26am

they pay 70 plus 10 plus 10 in stock options for 1st year analyst...stock options vest after 2 yrs

  • 0 votes
dagwood's picture

Re: fact

by dagwood User's RSS Feed (Monkey, 43 Banana Points Points) on 4/23/07 at 11:52am
daas wrote:

i 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.

  • 0 votes
angry_keebler's picture

I know there are some

by angry_keebler User's RSS Feed (Senior Monkey, 92 Banana Points Points) on 4/26/07 at 4:32am

I know there are some smaller banks that pay 65k, Sagent, ThinkEquity, etc. Bonuses probably wont be up to par though.

  • 0 votes
money never sleeps's picture

Re: that's a curious move. maybe

by money never sleeps User's RSS Feed (Senior Chimp, 20 Banana Points Points) on 5/10/07 at 2:37am
TheRealDeal wrote:

that's a curious move. maybe he liked the culture better?

Culture? Citi?

  • 0 votes
SJFC07's picture

Re: U guys don't know how good

by SJFC07 User's RSS Feed (Senior Monkey, 72 Banana Points Points) on 5/10/07 at 1:47pm
aadpepsi wrote:

U 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?

  • 0 votes
sopranofamily's picture

I knew a first year analyst....

by sopranofamily User's RSS Feed (Chimp, 1 Banana Points Points) on 6/7/07 at 11:19am

at 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.

  • 0 votes
unicorn's picture

2nd year Analyst

by unicorn User's RSS Feed (Chimp, 4 Banana Points Points) on 7/14/07 at 6:34pm

What 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.

  • 0 votes
sgh's picture

A buddy of mine

by sgh User's RSS Feed (Chimp, 11 Banana Points Points) on 7/14/07 at 9:07pm

Got 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.

  • 0 votes
barnetsl's picture

Great Source for Salary and Bonus Info

by barnetsl User's RSS Feed (Monkey, 37 Banana Points Points) on 7/20/07 at 9:04pm

I am one of the founders for a new company called CareerNumbers. We collect, consolidate, and report company and position specific salary and bonus information for the leading Investment Banks.

To participate, go to www.CareerNumbers.com and click the survey link. Complete 7 questions about your job and compensation and you will be directed to a page where you will be able to view the detailed results which will include median salaries and bonuses by position for the leading Investment Banks.

  • 0 votes
barnetsl's picture

1st Year IB Analysts Salary and Bonus Info Posted

by barnetsl User's RSS Feed (Monkey, 37 Banana Points Points) on 7/24/07 at 10:17pm

I am one of the founders for a new company called CareerNumbers. We have posted preliminary salary and bonus information for 1st year IB Analysts from the leading firms on our website.

To view the results, visit www.CareerNumbers.com, click the survey link, answer 7 questions, and you will be directed to the results page.

If you have already completed the survey, click the survey link and you will bypass the survey and you will be taken directly to the results page.

Also, please invite your friends to take the survey because the more information we get, the more information we can provide you. Thanks!

  • 0 votes
barnetsl's picture

2nd Year IB Analyst Salary and Bonus Info Posted

by barnetsl User's RSS Feed (Monkey, 37 Banana Points Points) on 7/30/07 at 2:34pm

I am one of the founders for a new company called CareerNumbers. We have posted preliminary salary and bonus information for 2nd year IB Analysts from the leading firms on our website.

To view the results, visit www.CareerNumbers.com, click the survey link, answer 7 questions, and you will be directed to the results page.

  • 0 votes

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