I was told verbally that my full-time compensation range for a first-year analyst position at the firm would match the high-end investment banking compensation range for base and bonus. What does that exactly mean in dollar terms?
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Based on the most helpful WSO content, when a firm mentions that your compensation as a first-year analyst will match the high-end investment banking compensation range for base and bonus, it implies you're looking at a very competitive salary package. To put this into perspective with dollar terms:
Given this information, if your compensation is said to match the high-end range, you could expect your total compensation to be around or possibly exceed the figures mentioned for these top firms, which is in the ballpark of $140,000 to $143,000 annually. This would include both your base salary and your bonus. Keep in mind, these figures are representative of the top end of the market and can vary based on numerous factors including firm performance, location, and specific group within the bank.
Sources: 2018 Investment Banking Report: 8 Trends in the Industry, Why corporate banking instead of investment banking?, https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1, Large hedge fund analyst compensation, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?
How many YOE?
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