BlackRock increasing SA comp?
A professor mentioned that BlackRock apparently increased SA base to something over 120K (pro-rated) for some 2026 SA. Is this normal for BLK? Isn't this above market, and should we expect other firms to do the same over the next few years?
Based on the most helpful WSO content, there is no specific mention of BlackRock increasing SA (Summer Analyst) compensation to over $120K (pro-rated) for 2026. The latest available data indicates that the average compensation for Intern/Summer Analysts at BlackRock and similar firms is around $94K (pro-rated). This figure aligns with the broader market trends for SA roles in investment banking and asset management.
If BlackRock were to increase SA compensation to over $120K, it would indeed be above the current market average. Such a move could signal a shift in the competitive landscape, potentially prompting other firms to follow suit in order to attract top talent. However, without concrete confirmation or additional details, it's difficult to predict whether this will become a widespread trend.
For now, it would be prudent to monitor updates from BlackRock and other firms, as well as discussions on platforms like WSO, to stay informed about any significant changes in compensation practices.
Sources: Morgan Stanley increasing base to 110, Any BlackRock 2020 SA receive FT offers yet?, BlackRock Summer Analysts 2020 Facebook Group, BlackRock SA 2020, Investment Banking in South Africa
That would be above FT analyst salary rate- no way
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