How does the latter affect the former? Relatives and friends tell me most people get their incomes taxed 30% as a generalization. Do you analysts only take home roughly ~70% of your all-in comp?

Are they ways around this being the shrewd, savvy bankers you are?

Good story from Adam Carolla about negotiating with his radio station kroq in the early days of loveline.

tl;dr version: Adam asked for his salary to be doubled. Because he was realistic about his value he knew his company was undervaluing him, and he knew there was a piece of pie there for him.

I'll paraphrase what he said, important points in bold

To his boss: [quote]"I need my money doubled or i'm leaving, nothing personal, just not worth it for me to be here"
-don't make threats, just need to explain to them what's going on

"i like you guys, i like working here, BUT for the amount you're paying me, it's just not worth it"

So I told them you must double my salary or i won't be returning

http://www.cob.unt.edu/firel/liu/invest/Supporting...

Anyone have something more recent than 2007?

Edit: And not the 2011 Seattle one.

Hi monkeys,

I will soon be joining BAML IBD for a grad position in London.
Do you know how the flexible benefits program looks like? Especially, is a private health insurance a part of that, and does the bank pay for it?
Unfortunately, the BAML helpdesk could not give me specific information.

Thank you guys

Trying to evaluate an offer for a post masters research analyst role at a $100 bn+ asset manager. 4-5 years prior experience in AM, with 1-2 in this specific strategy and have passed 2 levels of the CFA. Would be the #4 guy for a strategy/fund with $3 bn and the firm is in a non-NYC/Boston locale. Mentioned I was by far their top choice for the spot. Thoughts on what base and bonus should be? Input greatly appreciated.

Hey guys,

I know that this has been discussed in depth on this subforum, but as someone working in investment banking who's being asked about consulting compensation from a friend, I'm not really sure what to tell them.

Can anyone tell me really quickly how much a business analyst at a MBB/Deloitte/Booz firm can expect to make in NYC? Is the pay standardized across entering junior consultants like it is in banking (where analysts across the street more or less make the same base pay)? I took a look at the WSO Compensation Database, and it looks like the pay is pretty variable.

Thanks for any help!

?

This really only applies for new signees (like SAs converting to FT), but when people talk about a first year analyst's bonus, does this include their signing bonus from off the bat, or is this only included in total comp (or neither)?

Didn't use the search function, sorry.

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

http://www.forbes.com/sites/kenrapoza/2013/03/13/h...

Any #'s you've found interesting?

If you haven't seen the report yet, all you have to do is submit 3 entries into the company database (http://www.wallstreetoasis.com/wso-company-database), even if you've only had three phone interviews you have enough info to submit.

More info:
[quote]Here's how you get access to the full 108 page report:

Amidst talks on creating caps on banker's compensation in EU this article comes out from one of the HBR's blogs.
http://blogs.hbr.org/cs/2013/03/im_afraid_bankers_...

It makes a coherent argument on trying to justify comp.

I saw this article in the NY times and I wanted to receive your opinion. Do you think this would open the doors for bribes instead>

[quote]
Tips Bankers Like Waiters

Forget Europe’s bonus caps for bankers. It might make for good publicity for the politicians, but wags in the City, London’s financial district, are already joking about ways to get around it.

So why not, for example, put a ceiling on salaries and let clients reward good service, just as they do in restaurants? That could allow banker pay to shrink to a more realistic level.

Does anyone know how operating partners at portfolio companies at megafunds are compensated? What sort of equity options could an operating partner at, say, Carlyle expect to be awarded over a 3-5 year period?

Obviously, the answer is dependent on the performance of the portfolio company in that period and the profit-making strategy employed by the fund itself (i.e. you get options on w% of the company for x% EBITDA margin expansion and an additional y% for growing top lines by z% by a specific date).

If someone could point me to standard terms (or anything like standard terms) for the sorts of companies in the portfolios of a megafund's largest acquisitions, I would be much obliged.

A friend of a friend is the first VP at MSSB in my hometown of about 300,000 people and I will be doing an internship with them for 5 weeks this summer. However, when I was discussing the internship with him and his partner I never asked about compensation. Should I just assume that it is unpaid or is there a time to ask?

Also, I am a Sophomore currently.

This is in reference to a top MBA's part-time program. We all know that full-time allows for better recruiting, career-switching and networking opportunities. This question is about people that work in the industry, are happy with their current firm and will have part or all of the program paid for by their employer.

How valuable is an MBA for climbing the corporate ladder if you already work in the industry? Specifically, the goal is to 1) move from analyst to strategy/PM role and 2) increase comp.

If one doesn't end up at a megafund after 2 years in investment banking, but rather, ends up at a MM shop for the pre-MBA stint, would it be possible to transition to a megafund after 2 years at HBS or do megafunds only take post-MBA associates that worked at megafunds prior to H/S/W?

My guess is that this is possible if the pre-MBA stint was at a top MM shop like Madison Dearborn or something but would it be possible if one went to a no-name MM shop? This is assuming an MBA at HBS in between.

Also, how different is compensation between MM and MF shops for post-MBA roles, especially as you move up?

Just got an e-mail this morning from Hedge Fund Job Digest about this. Not sure how many people they survey for it, but I figure any information like this is always handy. They only provide highlights on the website (and I'm not going to shell out $400 bucks for the whole report), but here are some of the interesting stats they do provide:

- Average compensation for hedge fund professionals up slightly from 2011 to $314,000 / year.

- Average expected bonuses compared to 2011 were up $38,000, or 31%.

- Most respondents reported working between 50 and 70 hours a week.

- "Mean compensation hardly varied at mid-tier to large funds, whether one worked for a smaller fund with just $100 million to $500 million under management or a large fund with more than $1 billion."

I heard that debt research is quite a bit easier to break into right now than Equity Research. But before I turn my ER internship hunt into an ER/debt research hunt, I was wondering if anyone here could help me answer some questions.

1) How hard is it to make the transition from debt research to ER or an equities focused HF?

2) Does credit analyst fall under the umbrella of debt research? If so, then it sounds considerably less sexy, with glassdoor.com reporting mean total pay at $65,750 for JPM analysts in NYC. However, bls.gov paints a much better picture with mean wages for credit analysts at $114,730 in NYC.

3) Based on the information above, is it safe to say that debt research people make less than ER people?

I'm curious, how viable is using the pursuit of material wealth as your main motivator? Is there anyone on this site hustling in IB or making it to buy-side that doesn't really care for finance/investing or worse, can't stand it?

I'm not gonna lie; I want money. As stupid as it sounds, I want the house in the Hamptons, I want the flat on Central Park, I want the Porsche and the Ducati. I want to get sloshed at the county club with Prestigious Pete after eighteen holes and wake up in a hotel I've never seen before with a champagne hangover.

But I couldn't give a fuck about valuations. So what do you guys think, am I alone in this, or is everyone else on here as money hungry as me?

I recently came across this video and until now I decided to share it with you guys. It has really made me think about the things I do, why I do them, whether or not I really should be doing these things that I am doing and to what extent to they matter to me and to the ones around me.

Below is the youtube video of Dr. Richard Teo.

http://www.youtube.com/watch?v=umLkfADe17s

I got a semi-offer from HR for a business development analyst role at a large financial services / tech firm in NYC. The HR contact basically asked me what compensation I am expecting in order to accept the role. I only said what my recent compensation at banking is and that I expect the offer to be competitive with my qualifications. They kept pushing and indicating that they can't pay the high bonuses that investment banks do, so I said I would have to get back to them.

I have two questions:
1) What is the average range of salary and bonus for such a role for a person with 2 years experience? Glassdoor is down at the moment...

I'm wondering what is the compensation model used across consulting firms especially for senior or partner positions.
Probably you get part of the revenue you directly bring in. Another part should be related to the amount of delivery services you directly operate or manage.
Any insight on this? Do you know of any source where I can details on the model being used by MBB or others.

Greg

Just wondering what sort of compensation someone at say VP level with CFA and 3 -5 years experience would be making at a mid sized asset management firm running US Equity portfolios. Mid sized AUM in the range of $10 - $30mm?

What would base and bonus look like?

Does it get significantly greater when you reach the levels of PIMCO of Wellington?