2014 Associate Salary + Bonus? Elite Boutique

Can anyone please dictate a range for an A0/A1 2014 Associate Salary and Bonus? Also, for anyone in the industry A1 or above, I have a few questions I am not comfortable listing here. Thanks!

18 Comments
 

BBs have bumped A0 to $125 and A1 to $140-150, so I doubt EBs are this low

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 

"A0" refers to the gap between end of summer and year end, when MBA grads typically start working as associates. During that time, they are paid what they will get paid as full-fledged first year associates (A1) the following year. Thus, there is no increase in base comp between A0 and A1.

RIght now, the EBs are paying base salaries at these levels: A0/1 $125,000 A2 $150,000 A3 $175,000

 
elephantastic

"A0" refers to the gap between end of summer and year end, when MBA grads typically start working as associates. During that time, they are paid what they will get paid as full-fledged first year associates (A1) the following year. Thus, there is no increase in base comp between A0 and A1.

RIght now, the EBs are paying base salaries at these levels:
A0/1 $125,000
A2 $150,000
A3 $175,000

Wow... Doesn't seem like there's a very big gap at all between PE and banking associate pay
 
HarvardOrBust elephantastic:

"A0" refers to the gap between end of summer and year end, when MBA grads typically start working as associates. During that time, they are paid what they will get paid as full-fledged first year associates (A1) the following year. Thus, there is no increase in base comp between A0 and A1.

RIght now, the EBs are paying base salaries at these levels:
A0/1 $125,000
A2 $150,000
A3 $175,000

Wow... Doesn't seem like there's a very big gap at all between PE and banking associate pay

Generally not a significant gap between EBs and larger PE funds, but remember that Associate roles in IB are post-MBA, as opposed to being pre-MBA on the PE side.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 
Best Response
NorthSider HarvardOrBust: elephantastic:

"A0" refers to the gap between end of summer and year end, when MBA grads typically start working as associates. During that time, they are paid what they will get paid as full-fledged first year associates (A1) the following year. Thus, there is no increase in base comp between A0 and A1.

RIght now, the EBs are paying base salaries at these levels:
A0/1 $125,000
A2 $150,000
A3 $175,000

Wow... Doesn't seem like there's a very big gap at all between PE and banking associate pay

Generally not a significant gap between EBs and larger PE funds, but remember that Associate roles in IB are post-MBA, as opposed to being pre-MBA on the PE side.

That's not true.. you can be an associate without getting your MBA. You would just have to spend a third year as an analyst. If you're an A1 at a bank and assume that you get 100% of your base as bonus, the $250K is just under MF A1 comp by maybe $25-50K. I think the pay escalators in PE are the similar as well.
 
snakeoil

Can anyone comment on the fact that EB's only hire MBA students who did IB Analyst stints prior to B School?

I can comment on the fact that this is not a fact.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

Same, I know multiple associates hired by EBs with no prior banking experience what so ever. I know a person at an EB who worked in the public sector (policy related) prior to B-school and is now an associate...

 

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