Product Groups (LevFin, SPG, DCM) Comp 2019/2020

I'm looking for comp figures of product banking (Leveraged Finance, Structured Finance/Securitization/Securitized Products Group, Restructuring, Debt Capital Markets, Equity Capital Markets etc..) groups. Please don't provide coverage/industry groups, as there are several other threads where that dominates the discussion. I'm mostly looking for credit/debt related groups at tier 1 BB firms such as Structured Finance to be specific, but will like to see other product group figures as well. So feel free to post. Please list them in a similar format to the below:

Title: i.e. A1/2/3, Ao1/2/3, etc..

Bank type: i.e MM/BB/EB etc..

Bank Rank: i.e. Top/middle/bottom

Group: i.e. Lev Fin, Str Fin/Securitization, DCM, LevFin etc...

Group Rank: i.e. Top/middle/bottom

Individual Rank: Top/middle/bottom

Salary:

Bonus (and % cash):


Please note if you're not in a high cost of living US City (NY, SF, LA, Jersey City, Chicago, etc).


Thanks,

Mr. E

 

When I said major cities, I meant cities that are at the top COL in the country. Jersey City, (hoboken as well) and NYC are in an identical pay band due to similar COL with the likes of SanFran, LA, etc...

AKA a position there pays the same as in NY. I know this from personal experience at a leading asset manager, Big 4, and broker-dealer. I'm of the mind that the same probably goes for banks if they've set up FO teams there.

 

I wanted to get more into specifics as to how the firm ranks in the general structured finance arena, and when you said mid BB if you mean (are you talking like a DB/BNP/Wells/CS). And wanted to see if this is CLOs, RMBS, ABS or CMBS... the latter 2 were hit much harder than the former. Also wanted to see if this is in a structuring focused or origination/banking capacity, and if its mid-bucket or top-bucket. Both of course are still IB but just wanted to get more into the details.

 
Most Helpful

As far as I know BNP and Wells are not BBs so not sure what you mean - DB also remains a top 3 / top 5 (depending on product) bank in structured finance. Anyway, I’m at a bank that has traditionally been one of the fixed income powerhouses and consistently ranks at or near the top of the relevant league tables.

I’m more on the esoteric side of the equation (think special situations, real asset securitization, media/pharma/IP royalties, transportation, hybrid / mezzanine financing, etc), and within that firmly on the origination / structuring side of things - my role is a lot more IB than Markets, if that makes sense.

Top bucket but the variance between buckets is like 5-10k, so generally good comp across the board.

 

What do you mean by "ABS/CMBS was hit harder"? I would say ABS is on fire (slower compared to last year but is doing well), and CLOs are seeing a lot of activity especially within refis. In many ABS asset classes, companies are issuing like crazy, taking advantage of investor's hunt for yield and the favorable environment to securitize. Issuers that would securitize once or twice a year are now securitizing 1-2 times within 1-3 months because they need the financing and investors are chomping at the bid to buy. 

Your statement about ABS is incorrect, and I would say that asset class is doing the best of them all.

 

Paid this past summer - 

Title: 1st year Analyst

Bank type: BB (JPM/BAML)

Group: LevFin

Individual Rank: Mid (I think?)

Salary: 85k

Bonus (and % cash): $60k (100% cash)

Was told this was flat from 2019, which was a little disappointing given how much we issued. Nevertheless it's understandable given the times and have zero room to complain.

 

Paid this past summer - 

Title: 1st year Analyst

Bank type: BB (JPM/BAML)

Group: LevFin

Individual Rank: Mid (I think?)

Salary: 85k

Bonus (and % cash): $60k (100% cash)

Was told this was flat from 2019, which was a little disappointing given how much we issued. Nevertheless it's understandable given the times and have zero room to complain.

Any idea what a mid-bucket associate 1 in your group would have pulled in? 125-150k bonus?

 

Associate 1 at top 3 BB in ECM bank, top bucket

Base: 150k

Bonus: 170k

 

Inventore placeat molestiae hic illum. Aspernatur saepe dolore magni commodi accusamus sequi neque et. Asperiores animi beatae eum maxime.

 

Quo aliquid totam tempora consectetur. Et et unde maiores reiciendis dolores. Voluptas sit suscipit corrupti unde.

Fugiat sunt ad id asperiores. Sed quia beatae dolor cupiditate ipsum. Sed officia atque quos eligendi consectetur laudantium iste.

Ipsam quae vel dolores et nulla architecto molestiae. Excepturi excepturi hic totam aut. Aut iure fugiat quia facilis porro.

 

Suscipit odit sed modi nesciunt pariatur quia. Sed repellat quia sapiente ut. Omnis aliquid deserunt aut.

Alias tenetur provident officiis. Sit saepe explicabo qui reprehenderit. Architecto sed quidem rerum quas voluptates. Alias dicta earum ut et. Laudantium nam voluptatibus sunt reprehenderit et quos dolores. Ut sit adipisci porro fugiat.

Praesentium incidunt est necessitatibus voluptas ut. Illo animi quidem quas reprehenderit. Consequatur expedita omnis ipsam sit omnis at reprehenderit. Nihil nihil rerum maxime magni eligendi.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”