I get this number from recent WSO compensation report. Sounds absurd to me because I always thought it is in 200K range.
The even unbelievable number is from hedge fund section - 93.9K for associate at mega fund?
How reliable are these numbers?
I'm interested in this because I'm planning to apply MBA this year. Although I haven't fully figured out what I want to do post MBA, it is either IBD or AM, may also consider MC if I can get in. As a second year non-investment analyst in a mega hedge fund, I already get close to the IBD number above (3 year w/e). And I only need to work 60 hrs per week (no weekend on call, full sick/vacation days).
I know IBD may give me more potential, but the number straight out of bschool really surprises me. And my current job/field is not a dead end either (in risk/quant area, cs background). I guess 300K in 5-7 years is reasonable. It is just that I prefer more communication/deal type of work instead of being completely analytical.
140k at a BB could only happen in a no bonus year.
first year comp is an awkward number given the time period. it includes a non-recurring signing bonus, stub bonus and staggered base salary. it's more useful to talk about the first 18 months which covers your first full calendar year.
the total comp for the first 18 months should be between $340k-$365k in a normal year. this assumes:
$50k signing bonus $100k base from July-December $35-40k stub bonus in January $125k salary from January $80k-100k bonus
Is 140K the comp at first year out of Business school? What about associate levels 1,2,3 and VP. Those should also be considered.
The associate data isn't very accurate.
The above poster's numbers are pretty accurate for A1. Haven't heard of donuts so far except for UBS and ultra low performers (as regarded by the bank, not by competence).
A1: ~200-250K (125 base, 250 all-in is top bucket) A2: ~250K-280K (140 base, 100-130 bonus) A3: ~300 (160 base) VP: very, very, variable. Could be ~400-~500 depending on performance.
Numbers are obviously lower than they were in 2007, but still decent pay.
The numbers you quoted are about 50% higher than those listed in the 2013 compensation report. Are you basing your estimates on accurate current data (2012)? The compensation report has several hundred data points for associate salary. Additionally, regardless of how you slice the data (location, bank type, position), the numbers look largely consistent. So, I'm inclined to believe the compensation report numbers - unless you could explain why there would be such a large error.
It would be good to get to the bottom of what's going on. Because, if numbers really are as low as those listed in the compensation report, it's important to know for making future decisions. Times change.
I'm an associate at a BB. Numbers came out recently.
All of the numbers in the WSO compensation report seem low to me..including analyst comp.
Also the Associate comp may be skewed if people reported their stubs as bonuses. That could explain the 140K comp (100 base, 35 stub).
Regardless, I can vouch for my numbers.
thanks for sharing man
Definitely a topic of interest. I've heard of some places killing the A0-A1 base jump (so still $100k rather than going up to $120/125k) as well as giving terrible bonuses (~$20k). Can anyone comment? How are the numbers in Research and S&T?
Another question: should we assume that because of new legislation in Europe, US BBs (C, GS, MS, JPM, etc) are outpaying European BBs (DB, BCS, CS, etc)?
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