2021 Sell-side Equity Research Bonus Survey Results (First Cut)
I have gathered 50+ sell-side equity research bonus data points across firms (bulge brackets / middle market / boutiques) and ranks (junior analyst / associate / VP / director / senior analyst). Still awaiting some firms to give numbers but below is a first cut.
https://dicktoad.substack.com/p/2021-equity-research-bonus-survey
Comments (21)
Thanks. The numbers look pretty terrible tbh. For biotech with so many activities last year, I assume the 1st YOE's base (phd or md) is probably $120-$130. The bonus is like only 10%. That is probably comparable or even less than a 40h/week corporate job…… let alone stock options there….
Bonus look pretty good after 2 years it seems, but small n. For what it's worth, comp as a PhD scientist in industry doesn't go up that fast
Yeah, part of it is most contributors are from middle market / boutique and only 1-3 years in as an associate. The numbers don't look so great for those.
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Be careful posting this or you will get the wrath of the ER people here.
I commented earlier that ER pay is miles behind IB and got so many angry responses like the low pay was my fault or something.
You get angry responses because of YOU.
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I literally said exactly what this guy has collected for his survey, but I tell it harsh and without sugar coating. And people like you get mad. But at the end of the day, as his survey results have shown, I was correct as usual.
Am I tripping or did you cut out sector?
No, I am tripping. Fixing it. You should see it in 5-10 mins. Thanks for flagging.
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Done
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Fourth section with "analysts" are those actual analysts as in VP/MD level covering analyst or directly out of school calling themselves analyst like IB structure?
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