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September 30, 2026
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Based on the most helpful WSO content, for senior AM roles (e.g., VP, Director) at bulge bracket firms like JPM or GS, it is reasonable to expect bonuses in the range of 100%+ of base salary. For example, Senior Analysts in AM can see bonus ranges of 65-100% of their base salary, and as you move up to VP or Director levels, the bonus percentages can increase further, often exceeding 100%, depending on performance and firm-specific structures.
Sources: Career advice needed: Acquisitions vs Asset Management, Official Investment Banking Rankings: Boutique and Bulge Bracket Prestige, Salary Progression in Asset Management, CLO Asset Manager, Q&A: MD in M&A and Capital Markets with Bulge Bracket and Boutique experience
From 50% upwards, proportional to title. 100% would be MD.
So for VPs and EDs, it will be closer to 50% than to 100%?
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