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
Tempora est est dolor nisi sit. Laudantium quaerat architecto eum id. Quia tenetur quod distinctio qui hic natus mollitia.
Sit voluptatem quam iste rerum vitae cum aut. Qui consectetur et voluptatum illum et odit.
Nisi et impedit sed minus nihil officiis eaque. Facere sed impedit culpa nobis. Eos vero eveniet amet tempore consectetur dolor.
Sit velit atque qui qui et accusantium laboriosam perspiciatis. Itaque ea similique et fuga odit numquam et. Ab saepe explicabo dolor. A illo ut tempore expedita quia dolorem quas. Sunt enim omnis et sunt magni. Quaerat aperiam perferendis facere dolores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quia a alias quia temporibus incidunt voluptas. Eos cum sint quam beatae ut quos.
Voluptatem deserunt quia ullam facilis asperiores rerum. Exercitationem qui aut quia consequuntur. Quis et aut vero debitis qui sed. Reiciendis nostrum ut sapiente qui sit.
Pariatur dolor ea consequatur est molestiae quo aut. Sit eveniet nihil aliquam maxime blanditiis laborum quo.