Interested to hear from anyone as to what the typical comp is for a VP and MD in ER at a bulge bracket, elite boutique, or upper middle market firm.
I’ve read on mergersandinquisitions that total comp for a VP can be $200-300k and MD could be from $300-$600k. Obviously, there aren’t as many sites dedicated to ER like banking but I’d love to see if anyone has any resources or can attest the accuracy of this comp. Thanks!
Bump
Think VP is usually around 175 base + bonus for a total of around 200-300
I'd say, and take this with a grain of salt as I've been outa the game for a short period, that VP comp will generally be in the $200-$250k range more frequently than the $250-$300k, base usually starts around $150k as well so think of it as $150-$175k + $50-$75k bonus. MD comp varies widely but base is generally $250k and stays there on the research side, bonus is the big swing factor. I would peg average MD total cash comp around the $400k mark in a normal year, could be lower depending on sector covered.
The common practice nowadays for more prominent analysts from what I've seen is to sign "head coach" style contracts where a bank will pay you a materially above-market guarantee for 1-3 years then have you revert to market afterwards. These contracts can be as high as 7 figs/yr depending on sector covered and notoriety of analyst which leads to a lot of shop hopping to avoid going back to the $350-$400k mark. Not sure how often this is happening post-COVID though.
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