How do ibanks get away paying college grads in Ops less than 40k/yr?

Jesus, I know they dont produce revenue but wtf thats a hell of a lot less than the national average for accounting/finance majors (around 46/47k) a year. I mean they do work a good 50 hour a week. Damn.

15 Comments
 

Few people I know who started in ops were making anywhere from 50K - 60K. If you're coming straight from campus recruiting, tack on an additional 4-8K in signing bonus, and year end bonus was anywhere from 10k-15K.

 
sleepyguybthats a hell of a lot less than the national average for accounting/finance majors (around 46/47k) a year.

Dude, operations is not finance or accounting. You don't need to know about finance to work in ops. There are high school dropouts in operations.

 
zala rules
sleepyguybthats a hell of a lot less than the national average for accounting/finance majors (around 46/47k) a year.

Dude, operations is not finance or accounting. You don't need to know about finance to work in ops. There are high school dropouts in operations.

I worked in IB OPS my sophomore summer and that is definitely true. High school educations are at a premium.

 

zala, finance/accounting may not be required, but that is basically what they do, at least the accounting aspect. also all of them have college degrees, i believe

 

I got an offer for Ops from a top 5 vault ibank and pay was 40k with signing bonus + end of year bonus. The location isnt in NYC though, I guess they adjusted to reflect COL. Lame.

 

Ya, Id rather have 40k in city im at than 55k in NYC, but I was hoping they would save money on rent and stuff and still pay me the NYC Ops salary since it is the exact same job.

 
sleepyguybJesus, I know they dont produce revenue but wtf thats a hell of a lot less than the national average for accounting/finance majors (around 46/47k) a year. I mean they do work a good 50 hour a week. Damn.

At my university operations major are right in the 46k-47k range. They are paid fairly well. My advice would be either work for a different bank or look at a different industry.

 

Eum et hic ad veniam repudiandae enim. Deserunt molestias eaque officiis sint nisi corrupti. Non molestiae fugit sapiente explicabo sapiente distinctio. Ut molestias nobis velit et.

Perferendis et aliquid accusamus voluptatibus cupiditate et. Ut qui repudiandae aut consequatur autem eligendi eveniet sint. Repellat voluptate natus minima cum quos maiores distinctio. Ut quaerat perferendis excepturi ea consequatur. Odit explicabo illo incidunt error exercitationem.

Fugit repellendus est quos officiis explicabo recusandae. Est vitae sint commodi repellendus quia.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”