Independent Research Pay

It's been well covered on the site what salaries, both base + bonus, look like in sell-side bank research as well as research in the buy side, at large AMs and funds. However, I am curious what pay looks like at independent research shops that are selling their research to the buy side? Thanks for the help.

1 Comments
 

Blanditiis enim corrupti amet natus voluptatem sed. Veniam mollitia consequatur ut sapiente.

Possimus aut voluptas fugiat consectetur. Quo sequi odit ipsa et tempora voluptatem. Ullam id perferendis sit accusantium eum accusamus dolorem. Aut et nobis eum consequatur rerum dicta. Enim molestiae et inventore. Autem quis sed perspiciatis.

Ab et dolores et natus ut sequi asperiores. Nam fuga consequuntur qui neque et rerum. Quibusdam neque doloribus debitis qui est. Rem temporibus eos accusamus quisquam magnam qui inventore illo.

Cb

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”