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Analyst seems a little steep
Nope, I can confirm analyst base as a 2nd year @ BB
Yes that is accurate. Cannot confidently attest to the Associate level as that tends to vary more by firm and prior experience (not all Associates are equal), but generally through these corporate title levels you can expect base to be the same as bankers.
Variable comp is the big wild card. Bankers really run away on that front.
Any one have any info on avg bonus numbers for the firs few years? (and I'm pretty sure Associate comes before analyst In Equity Research, why? I couldn't tell you)
The ER structure is backwards. ER Associates are below ER Analysts. It's very flat and unlike IB. Standard is:
First year Associate: $70k (this was my starting base) Second year Associate: $80k Third year Associate: $90k
I can't speak to the Analyst compensation specifically, but it easily clears $120k.
I can say BBs don't adhere to this pay scale any longer from my experience. Neither do most decent MM/Boutique firms. Everyone bumped to current 85/90/95 when folks on the IB side did.
There are firms though that kept everyone on the scale you mentioned, but now those are more outliers than the norm. There are even firms who don't do base increases at all until you are promoted. So base is consistent across all divisions of the IB (S&T/ER/IB) for your first handful of years but varies in total comp, i.e. ER juniors don't make nearly the same as an IB equivalent peer.
And OP is referring to corporate rank, not job title if I'm not mistaken. For example, at my bank you have to be a VP or higher to be a senior (publishing) analyst. However you are correct from the standpoint of you're either an associate or an analyst so upward mobility can be difficult.
correct, thanks for pointing that out - I am referring to corporate rank (official title is backwards in ER).
just trying to find out what a "standard" base salary looks like for BB's in ER
Data point: roommate in 3rd year at small boutique after ~1.5 years of previous experience, base 105, expecting all in of +/- 150
I am an incoming 1st year associate into ER from undergrad (into a BB) and my base is $85k.
85k and 90k is right for the first 2 years. 95k is probably the low-end for 3rd year if previous years were 85/90k - not unreasonable to expect 100k+ for the 3rd year per Texas Tea's response.
Depends on your analyst, and how qualified you are. Can confirm ER base starts at 85.
Let's not forget that the increase in base is not only a function of time. If you are capable of picking up independent coverage of a few names your analyst does not want, then you can see your pay increase much more quickly.
depends how good you are at blackmail. by year 3 an individual well versed in machiavellian tactics will typically achieve overall comp levels in excess of 20% greater than their "by the book" peers (herbs). by year 6, the blackmail spread will have risen to north of 60%. do note that while these tactics often result in superior returns, they come with additional risk. many bridges will be burned over time, so the experienced blackmail practitioner must be as adept at building new alliances as they are at nuking old ones
Requesting Fear The Bulge to opine on how his boss' bathroom revelations about "Misty" impacted his comp.
Cannot speak to the junior analyst entry levels, but your Associate numbers are pretty spot on.
So if a firm wants to hire an associate for their healthcare division and they require that the candidate to have either a PhD or MD, the base is typically around 120-150K? How much are the bonuses, typically?
In ER different banks likely have different processes, but from what I've seen a doctorate usually commands similar base as 2-3 years of experience in the field which likely put you in the 120k range. Bonuses are quite variable and subject to factors that are both in and out of your control, but the biggest two are how the company did and how you did compared to peers. It can usually range anywhere from 0 (i.e. DB) to 40-50k.
Hi porsche959
You might wanna check this out, too. WSO Company Database - ER
I really like to visit here for getting useful information. Thanks for sharing it
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