for all the FT22's getting into the thick of offer letter season, let's give advice on starting salary/bonus figures. What should they be looking for? How low is too low, what looks like a great deal? Let's discuss! (ideally NYC / high COL figures).
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Hey Intern in AM - Other, I'm here to break the silence...any of these links help you?:
More suggestions...
Hope that helps.
bump pls
Bump
Recently signed at a top ER shop everyone has heard of for FT22. $100K base, $10K signing. MD said to expect $25-$35K bonus, the associate said $30-$40K. All in, expecting $135-$150K First Year Comp. This is NYC.
Would be curious to hear about other data points.
What is a "top ER shop"
Shops well regarded for their research quality and with a high concentration of II-ranked analysts. Think BOfA, JPM, EVRISI, Wolfe, Bernstein etc.
Kudos! This is the most competitive package I've seen. After speaking to a series of analysts, it seems that contingent on COL, base ranges 70-90 with a roughly similar bonus structure. One question, is signing bonus typical in ER?
$25k to $40k was also the bonus range I heard a few years back
nice to have this datapoint for a brand name firm when some people out here are claiming $60k bonuses (BS) for first year ER guys
.
what does SA mean? 40% bonus in which sector? sounds a bit too high tbh.
.
Can confirm 40% bonus at london BBs is not uncommon.
can confirm last year new grads in research received 50k + fixed 65% bonus for everyone
bump up to 65k for 2022 grads
Sounds like GS? Damn, that's a hefty bonus for ER.
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