Morgan Stanley Research Compensation

I guess associate level is around 80K-100K.

VP level around 120-160k. Really depends on the clients votes at the end of the year. If you're the top performer and make solid calls like, Meredith Whitney, for example... bonus could be a tidy sum.

I tried probing one of the associates during the summer about her comp, and she gave me that Confidential bullcrap...

ugh really? 80-100 base or total? Total sounds a bit low for a third year because I know friends in GS ops that make 60k+10k sign on first year in pretax. Kudos for having the guts to probe someone about their comp like that.

Really that low? At my BB when I asked my associate over the summer how much he made he said he made about 95K base and like 70-90 bonus.

1st year ER analyst (right out of undergrad) is 60K, plus 10k signup, plus 20-30 K bonus in past years at MS. Might be lower this year...

This is what I've heard

I am not in ER, but @ my BB, ER is compensated in the same band as S+T, at least for the first 2 years.

Also, maybe I've been given really bad information, but I've been told by several older analysts at my BB that S+T (including ER) is paid in the same band as IB at basically all the BBs for the 2 year analyst programs, varying only slightly for revenue differentials. Does anyone have contradictory info?

Yeah big unit comps seem a bit off, the first years I knew were really open about their compensation and they said that they made 60+10 with bonus being about 30-60 for first years.