IBD APAC 2012 Compensation

I've been a member of the site for a while already, and while I have gotten a lot of useful info from here, I haven't really contributed anything so far. I've recently came across this newly published APAC IBD compensation report from a headhunter and feel it may be helpful to fellow Asia-based members here. Summary below and also attached the full report for everyone's reference. One thing to note is that the numbers here are very skewed towards the pay in Hong Kong. Hope you guys will find it helpful!

Total Compensation
Senior MD: 750k – 2m+ (3m*)
Junior MD: 600k – 1.25m (1.9m*)
ED / Director: 450k – 850k (1m*)
VP 3: 400k – 550k (800k*)
VP 2: 350k – 500k
VP 1: 250k – 450k
Associate 3: 250k – 350k (425k*)
Associate 2: 225k – 300k
Associate 1: 200k – 250k

All numbers are in total comp USD inclusive of base and housing
* denotes top outliers for specific bands

Base Salaries and Housing for Investment Banking in Asia Pac
MD: c.400k – 500k (housing typically ranges from 100k-150k depending on seniority of MD)

ED: 290k - 320k (housing typically ranges from 60k-80k)

VP 3: 220k-235k (housing typically ranges from 40k-50k at VP level)
VP 2: 210k-225k
VP 1: 200k-220k

3rd year Associate: 185k-195k (housing typically ranges from 28k-35k at Associate level)
2nd year Associate:170k-175k
1st year Associate:165k-170k

Associate promotion/sign-on bonus is a standard 40k

Stub year Associate: 130k-135k

3rd year Analyst: 115k-120k (housing typically is 25k at Analyst level)
2nd year Analyst: 105k-110k
1st year Analyst: 90k-95k

Specific bank pay
GS: beyond high range
Citi: high range
BAML: mid-high range
StanChart: mid-high range
UBS: low-high range
CS: mid range
DB: mid range
JPM: mid range
MS: low range

Attachment Size
APAC_IBD_Compensation_2012.pdf 228.36 KB 228.36 KB
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Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
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