ECM book comp?
What kind of comp is expected for someone just managing the ECM book capturing free money from IPO allocations/placements, monetizing firm relationships and commish spend?
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Based on the most helpful WSO content, compensation in ECM (Equity Capital Markets) varies by role and seniority. For someone managing the ECM book, likely at a senior level (e.g., VP+), the compensation structure typically includes a base salary and a significant bonus component tied to performance metrics like deal flow, IPO allocations, and client relationships.
Here’s a breakdown of average total compensation for ECM roles:
These figures include both base salary and bonuses. Bonuses in ECM are often influenced by the success of IPOs, placements, and the ability to monetize firm relationships effectively. While the "free money" from IPO allocations and commissions can be lucrative, the actual payout depends on the firm's performance, deal volume, and individual contribution to the book's success.
Sources: Investment Banking vs. Capital Markets - How different are they?, Investment Banking vs. Capital Markets - How different are they?, How are JPM PE exits, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, ECM Exit Opportunities
There’s no such thing as a “book” lmao. Maybe for shitty comanager roles with 1-2% econs that are simply a mechanism for corporates to pay their banks. You have to pitch for IPOs. That’s a lot of work
whay are you talking about
theres ECM books at all funds thats what OP is asking about
Darling he isn’t talking about an investment banking operation you noob lol. He’s asking about ECM HF strat
Yes! Anyone?
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