2025 ER Comp Thread
Late to start this for research
Think a bulk of firms reporting comps over the next few months
Will add mine early next month but lets keep it going
Firm Type - BB/MM/Boutique
Position / Coverage (Yes or No)
Prev / New Base
Prev / New Bonus
Sector
I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?
Sources: ER Compensation 2022/2023, https://www.wallstreetoasis.com/forum/equity-research/qa-er-analyst-at-top-bb-plus-about-er-general-advice?customgpt=1, Top 10 Undergrad, Top 10 MBA... Unemployed 3 months, 2 not great offers to decide between
Firm Type - BB
Position / Coverage - VP / Yes (~$80 bil mkt cap total)
Prev Base: 215 / New Base: 215
Prev Bonus: 95 / New Bonus: 95
Sector: Financials
Sigh, was hoping for a little bit of a bump at least
Curious what you hear about the range of bonuses at VP level.
I'd think 44% is up there?
Honestly I’m not fully sure but I think I’m on the low end for a covering analyst
Firm Type - BB
Position / Coverage - Senior Associate / No
Prev Base: 160 / New Base: 160
Prev Bonus: NA / New Bonus: 40
Sector: TMT
How many years of experience?
I know people got numbies to share! Come on people!
Firm Type - BB
Position / Coverage - Assoc / No
Prev / New Base - 175 / 175
Prev / New Bonus - 60 / 75
Sector - Healthcare
5 YOE
Firm Type - MM
Position / Coverage - 1st yr assoc. / no
Prev / New Base - NA / 105
Prev / New Bonus - NA / TBD
Sector - TMT
Note: started in summer ‘25 so bonus tbd
Firm Type - BB
Position / Coverage - VP / Yes
Prev / New Base - 225 / 240
Prev / New Bonus - 90 / 125
5 YOE
Did you gain coverage this cycle for the first time?
Technically yes
Firm - BB
VP/Yes
$200k/$250k
$125k/$175k
Coverage - prefer not to say, but small ($100bn MC)
you in a hot sector?
Unfortunately not. Discussions to potentially move sectors but, for now, stuck with a difficult one
bump
BB, base 125/ 150, bonus 45 / 50 TMT
Was hoping for a bit better bump on bonus..
YOE 3-4
Toronto - Ignore title
Position / Coverage - Assoc / No
Prev / New Base - 105 / 120
Prev / New Bonus - 35 / NM
Mining - 0/1 YOE
Firm Type - BB
Position / Coverage (Yes or No) - Lead analyst / yes
Prev / New Base: $220 / $250
Prev / New Bonus $180 / $300
Sector: industrials
For context: 10 yoe on sell side, first year as lead
BB
VP, 7 YOE, lil bit of coverage
Base $225 unchanged
Bonus $120 up from 100
I'm happy they made at least a token effort to pay me more y/y. Not amazing tho
EB
VP (No coverage)
Old Base / Bonus - 180 / 45
New Base / Bonus - 195 / 60
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