Wolfe Research Pay is LOWWWW
Holy shit - just got an offer at Wolfe (I’m at a BB with a mid analyst). And wow the haircut I’m taking even as a senior analyst is insane. 150 all in for senior analyst at Wolfe… I made that as a first year ED associate at a BB.
Is the discount worth it to work for a top ranked analyst?
I’m going to assume your title is correct and you’re a 23 grad? If so I would think ~150 is above what I would personally expect. For reference I’m a 22 grad and recently received an offer for BAML citing ~150 all in and I made ~135 last year (currently at a lower end BB).
I know Wolfe has a bad rep for associate pay but from my understanding that’s more for juniors just entering the industry.
Nah too lazy to change it. Have 3 yoe in ER. Have friends at BBs making 175base as senior associate
That seems low man. 150 all in at BofA? Thought that was starting. 125 base and 25 bonus
A couple of years ago, BofA was $125, $150, $175 for Analyst 1 through 3. So by year 3 you should be at ~$200-250k all in depending on how bonuses come out.
Base right?
Yes, base.
That’s what I thought. Figured most BB’s were right around there. Now is the trade off worth it? Take a 60k to 70k haircut for Wolfe (and longer hours) but a top analyst
Actually, the pay above was wrong. BofA was $110, $125, $150. MS and the others were $125, $150, $175. In any case, for a third year analyst the base should be $150k and all-in should definitely be in the $200k range.
I think besides the analyst's ranking, you should also consider that Wolfe isn't the most prestigious firm. I know the analyst is more important than the firm but it also depends if the analyst is really in his/her own league, or if he/she is simply in the top 3-5. Wolfe likely does not get the corporate access that other firms get. Just something to think about.
Wow I am underpaid but I kinda like my analyst…. Money or team, shit
For 3 YOE that’s brutal pay. I’d def negotiate if could. Im a 23’ grad (PhD) in biotech and did $205k first year all in. I expect >$225k this year all in. Maybe bio is diff since have advanced degrees but I know a few with 5-7 YOE doing 750k+
Yea I’m in bio as well. Just broke in out of undergrad. Also that 205k salary is really after 6 YOE right? Considering the PhD? You’ll probably have a better time with Buyside recruiting though.
I’m at 200-225 rn and am 26 almost
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