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.
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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
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