That is great info---thanks. I always see PubFin postings on here but few are answered, so this clarity is awesome. I know that the pay at BBs varies much less from corporate to public, but I am thinking this difference is more significant at muni-specialized IBs, because the funds for comp are different.

Anyone have any info on comp excluding BBs?

 
PF Banker:

The compensation for PF for analyst and associates in terms of base salary is in line with corporate finance. The bonuses at this level and for higher levels with be lower than your corporate finance/M&A colleagues, with Analysts getting around 50% of base and Associates getting around 75% of base for the first year.

This is true even at BBs and EBs in their analyst programs?

 

but they bang your wives and girlfriends while you're at the office on saturday night...gotta stick up for the little guys

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

yeah its true, most definitely. the culture at the BBs is definitely consistent in groups, in the sense that you are at the same bank in the investment banking group, its just your hours in public finance will be a bit better. we can talk more if you are interested. i know a public finance training program that could be helpful.

 

Read Bloomberg Markets January article on some MD's from BoA in public finance who were convicted of fraud. The article mentions the bonus size for a couple of these guys (although these figures might be off because they were the result of illegal activities), as well as the structure of revenue sharing agreements, etc.

looking for that pick-me-up to power through an all-nighter?
 

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