2023 Consolidated IB Analyst Bonuses
Analyst 1
MTS Partners: Mid $70-75k | Top $85k
Nomura: Mid $53-65k | Top $85k
Leerink: Mid $72.5k | Top $80k
PWP: Low $60k | Mid $70k | Top $80k
Moelis: Low $10-20k | Mid $55-70k | Top $80k
Evercore: Low <$50k | Mid $65k | Top $75k
Citi: Low $25-30k | Mid $60k | Top $72.5-75k
JP Morgan: Mid $50-60k | Top $65-70k
Goldman: Low $20-30k | Mid $45-55k | Top $70k
Oppenheimer: Low $50k | Top $70k
Harris Williams: Mid $60k
Bank of America: Low $40k | Mid $55k | Top $60-65k
Piper: Mid $55-60k
Wells Fargo: Top $60k
Mizuho: Mid $55k
Truist: Mid $55k
Lazard: Low $40k | Mid $50k
Morgan Stanley: Low $25k | Mid $35k-42.5k | Top $55-65k
Jefferies: Low $0-30k | Mid $40-45k | Top $55-65k
Houlihan: Bottom $40k | Top $57k
Raymond James: Mid $40-50k
Barclays: Low $15-25k | Mid $30-40k | Top $55k
UBS: Low $35k | Mid $45k | Top $55k
Stifel: Low $10k | Mid $20k | Top $50k
MUFG: Unknown $47k
RBC: Mid $45k
Deutsche: Mid $40k
BMO: Low $10k | Mid $30k | Top $50k
Credit Suisse: Mid $35k | Top $45k
Rothschild: Mid $30k
Stifel: Low $10k | Mid $20k
Analyst 2
Citi: Low $25k | Departing $60k | Mid $75-85k | Top $90-115k
TD Cowen: Top $115k
Moelis: Mid $70-80k | Top $110k
JP Morgan: Low <$15k | Top $75-105k
Truist: Departing $35k | Mid $75-90k | Top $105k
Goldman: Departing $100k | Top $100k
UBS: Low $60 | Mid $70-80k | Top $90-100k
MTS Partners: Mid $70-75k | Top $85k
Harris Williams: Mid $80k | Top $95k
RBC: Mid $65k | Top $95k
Evercore: Low $40k | Mid $80k | Top $90k
Wells Fargo: Mid $80k | Top $90k
PWP: Departing $45k | Mid $70-80k | Top $90k
Nomura: Mid $75k
Oppenheimer: Low $65k | Top $90k
Morgan Stanley: Low $0 | Mid $40-60k | Top $80-90k
Bank of America: Top $80-90k
TD: Top $90k
Credit Suisse: Departing $50k | Top $80k
Lincoln: Top $80k
Houlihan: Top $77k
BMO: Low $25k | Mid $45k | Top $72.5k
Lazard: Mid $50-55k | Top $70k
Deutsche: Mid $60k | Top $70k
Raymond James: Top $70k
Piper: Low $35k
Barclays: Mid $33-35k | Top $55k
Analyst 3
Truist: Mid $125k
TD Cowen: Top $125k
Citi: Low $20k | Mid $100k | Top $120k
RBC: Mid $100k
Societe Generale: Unknown $100k
Sourced from master 2023 analyst bonus thread, various firm-specific threads over the last few weeks, and recent salary data submissions on WSO. Order is roughly the highest to lowest paying bank. Assumes that numbers contributed by WSO users are accurate and honest. Only includes banks with reported data.
Can we put a few pages on this, tx
Wtf is going on at Truist?
Leerink comp going crazy, EB…jk? Curious how they can pay so much. Would love insight here.
Moelis AN1 correction: low/bottom = $10-20k mid 55 upper mid 70 a2a promotes 80
edit: lmao @ a $10k giving me MS
Barc A1
Low 15-25k
Mid 30-40k
High 40-55k
Thanks for doing this
Rothschild $30k mid bucket
Anyone have Keybanc?
KBCM pays everyone at end of year. First year analysts receive a stub
Based on only analyst 1 and 2 bonuses, and only including the firms that have numbers for both, this is the state of affairs in 2023.
High Paying Banks - MOE, Citi, MTS, JPM, PWP, EVR, GS, Nomura
You can buy groceries at D'Agostino's in blissful ignorance, order $25 cocktails on nights out, and get the deluxe spicy chicken meal at Chic-fil-A.
Well Paying Banks - HW, Truist, Oppenheimer, WF, UBS, BofA, MS, RBC, HL, LAZ, PS
Might want to stick to Trader Joe's, pre-game with natty's in your buddy's 300 sqft apartment, and maybe grab just the regular chicken sandwich meal at Chic-fil-A.
Low Paying Banks - CS (rip), RJ, BMO, DB, Barclays
Best sustain yourself by eating ramen and raw prestige, sip 8oz hand sanitizer with water before nights out, and get 4-piece chicken nuggets at McDonald's.
Wells fargo should be added to high paying banks
Why?
Angry at myself for lateraling to a bank with better "prestige" but worse compensation.
Prestige doesn’t pick up the check at the end of dinner
Nah man analyst comp is only the first 2 years of your career, 5% at max, and not super predictable. It’s fun to compare but doesn’t matter much. Depending on your long term goals, weighing prestige (or any other factor) over comp can be a logical and respectable move.
Nomura A1: Mid - 53k | Upper Mid - 65k | Top - 85k
Nomura A2: Mid - 75k
Upper as in greentech?
LMAO
Learning Japanese rn
PWP departing at 45k for A2 I think is off, know a few departing that got top and mid at 90 and 80.
That’s kind of shocking. I feel like they wouldn’t pay that high for those that are leaving.
FYI they usually pay you close to your real performance - it’s “honoring” the contract and paying you for the work you did. You’ll see firms doing it less in downturns like now where the budget tight and know it’s not necessarily.
I was paid same as top bucket when I left after my second year.
Mizuho An1: All get 9-month stub of 55k with a full year of 60k
Wells Fargo An1: Mid 60k
Do you know what WF an1 Top is?
Top was 60, think the above guy is off a bit.
Funny how there was just a thread about PWP not paying well…
Citi A1
Bottom - 35k
Mid - 40-55k
Top - 70-75k
Anyone know what bonuses are like for big 5 banks in Canada?
how times have changed for Evercore - paying below market
Did we read the same post? EVR is paying the same or more than most other banks…
looking at top bucket only. A1 is below nomura LOL and A2 is below cowen, GS, moelis etc.
Any insight on Citizens?
Are these for the first six months or these for annualized using a run rate for the full year?
Neither. Think of these numbers as LTM bonuses. People started in the summer and these numbers reflect their first 12 months on the job.
thanks this makes a ton of sense
Stifel A1 bottom: 10k bonus / 10k severance and fired.
Stifel A1 Middle: 20k
So fucked
Jeez, had low expectations for Stifel but this is just utterly brutal
How is there Associate Comp?
Any A1 info for Lincoln?
Heard from my analysts it was 4 buckets - 10/20/40/55 I believe
.
Another analyst in the thread got boned with a 35k bonus lol. Safe to assume they were bottom bucket
Any Jefferies update?
Nothing yet. Think it’ll be this Friday.
Update: Looks like its starting to come out today / tomorrow.
Almost cried looking at this.
These numbers look good in recessionary times
Jefferies, An1, $65k, presumably top
What coverage group?
HC
An1 $45k Mid. Bottom buckets usualy got $30k but some got $0. Top bucket is $65k
PJT Numbers?
HL RX numbers?
Damn Lazard comp sucks. Thought they used to be known as a well paying EB?
they generally paid below the other EBs for a long time
Lazard used to pay top of street - back in the 1990s.
UBS numbers are wrong, correct numbers below
A1:
Bottom: $35k
Mid: $45k
Top: $55k
A2:
Bottom: $60k
Mid: $70-80k
Top: $90-100k
All numbers rounded to the nearest $5k, exact individual figures can vary across group even within the same bucket
Any word on browns gibbons
Barclays A2 $35k-$55k lmao
An 2 (base 125k)
MTS bonus: 70 \\ 75 \\ 100k (A2A)
An 1 (base 110k)
MTS bonus: 70 \\ 75 \\ 85k
Can someone please post the numbers for Guggenheim - I think they came out this week
Bump
Through the rumor mill, heard following ranges
a2 - 85 to 95
A3 - 110 to 135
Can anyone confirm?
WB?
Eaque ratione sed soluta accusamus ut reprehenderit reprehenderit tenetur. Dolorum error nisi optio ipsam non sunt. Eveniet deleniti et nihil asperiores rerum. Tempora ducimus excepturi dolore et quia est reiciendis. Tempora similique consectetur eveniet quam inventore libero ut. Itaque ratione soluta velit. Id ipsum earum eius at earum illo.
Laborum quia nobis odio magnam rerum voluptatem dolorum. Est culpa minima incidunt aspernatur vel.
Accusantium eum qui qui porro adipisci eius in quas. Eligendi doloremque velit qui sit illo dignissimos aspernatur. Sed eum fugit sapiente assumenda rem consequatur. Minus exercitationem sed vitae ad odit assumenda temporibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aut cum repellat a eum consequatur. Maxime excepturi aliquam totam dolorum perspiciatis consequuntur.
Eum ab provident amet magnam consequatur. Nihil quae sint et explicabo iste recusandae.
Unde commodi expedita rerum fuga impedit. Iusto voluptatem quia eius non dolores. Nostrum eligendi quaerat officia dicta velit.
Ut quis impedit tempore molestias voluptatem. Ducimus et quod quasi sint. Ipsa in rem autem quam et. Quisquam in provident non eveniet voluptas eos. Aut vitae ipsum eos.
Et non magnam qui sunt asperiores non sit laudantium. Dignissimos asperiores unde et maxime exercitationem enim accusamus. Alias optio veritatis qui eligendi quidem. Molestiae nihil et iure quia. Fugit aut optio reiciendis facilis minus enim dolorum possimus.
Numquam occaecati qui eius ullam eligendi ullam asperiores. Quisquam sapiente quod qui corporis voluptatem. Unde numquam quam iste et. Veritatis totam perspiciatis impedit est velit veniam non. Maxime error ullam voluptates ea est dolorem.
Alias ut nostrum porro facilis dolores voluptas. Molestiae est iusto sit nihil quasi et necessitatibus. At nesciunt nisi vitae.
Omnis fugit aperiam officiis et. Provident inventore molestias voluptatibus asperiores amet. Autem ipsam ullam doloremque et id nisi ut quod. Incidunt veniam quis sint ea fuga eum deleniti. Omnis pariatur voluptas voluptatem accusamus ut.