2021 First Year Analyst Base Salary Comprehensive List (Updated)

Hello everyone,

It appeared that the previous benchmarking thread has not been updated in awhile, so I thought to create another comprehensive list with any updated info/raises across the street.

Once again, this is meant to be a baseline resource for prospective and incoming interns and analysts, so I've only included first year salaries.

Feel free to post any additional updates I may have missed, I'll try to update every couple of days!

All credit goes to the original analyst who posted the bulk of this initially, I just wanted to clean it up a bit...

Last Updated: 9/30/2021

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$130,000

  • Dyal

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$120,000

--

$115,000

--

$110,000

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$105,000

--

$100,000

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$95,000

--

$90,000

  • BTIG
  • Mizuho

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$87,500

  • Truist

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$0

  • Tobin & Co
23 Comments
 

I believe TD sent out updated offer letters to returning summer analysts yesterday informing them of the pay bump

 

Heard Tobin co comp is up to $50 (Justine buys her analysts once a year)

 

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Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
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