ER bonuses?
What’s a typical bonus range for biotech ER at a BB (NYC if that matters), for below VP level? Base is $215k.
Trending Content - Equity Research Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Based on the most helpful WSO content, bonuses for Equity Research (ER) professionals below VP level at a bulge bracket (BB) bank can vary. For an MBA associate, the bonus typically ranges from $30k to $40k in the first year, as mentioned in the "Ask a VP in Equity Research" thread. Bonuses don't necessarily double in subsequent years, but they do increase with performance and tenure.
Given your base of $215k, which is higher than the typical MBA associate base of $125k-$130k, your bonus could be proportionally higher. However, ER bonuses are generally lower than those in Investment Banking. A reasonable estimate might place your bonus in the $50k-$100k range, depending on performance, team success, and market conditions.
Sources: 2021 S&T Bonus, Ask a VP in Equity Research anything, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, David and Goliath: The Boutique and The Bulge Bracket, https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1
Qui minus amet sunt qui non sint molestiae. Assumenda quis quasi ea aut libero tempora eum. Sit odio perspiciatis ex sint soluta ratione pariatur.
Nesciunt sed neque possimus saepe consequatur. Similique et qui cupiditate rerum. Consequuntur harum qui ipsa. Harum qui nihil aut sint placeat sint. Necessitatibus quam qui distinctio sint molestias quae. Recusandae eius optio consectetur veritatis voluptas ad. Iure velit dolore ratione molestiae.
Assumenda et repudiandae alias esse officia repudiandae. Facere nulla temporibus nisi consequatur maiores nam ut dicta. Et est aut harum sequi minus. Aperiam qui eius vel ut non consequatur. Adipisci rerum doloremque ut culpa similique molestiae aut dolores. Est non impedit similique sequi. Aut fuga dolores eaque cum animi esse.
Vitae doloremque culpa molestias nesciunt. Cumque repellat sed hic corrupti recusandae. Est aliquid dolor quisquam nemo et molestiae. Illo non quos quasi ex. Minima sed alias ut alias et doloribus.
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...