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

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$115,000

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$110,000

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$105,000

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$100,000

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$95,000

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$90,000

  • BTIG
  • Mizuho

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$87,500

  • Truist

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$0

  • Tobin & Co

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

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Career Advancement Opportunities

September 2023 Investment Banking

  • Jefferies & Company (==) 99.6%
  • Lincoln International (==) 99.1%
  • Lazard Freres (++) 98.7%
  • William Blair 12 98.2%
  • Financial Technology Partners 02 97.8%

Overall Employee Satisfaction

September 2023 Investment Banking

  • William Blair 04 99.6%
  • Lincoln International 11 99.1%
  • DC Advisory 05 98.7%
  • Canaccord Genuity 17 98.2%
  • Jefferies & Company 04 97.8%

Professional Growth Opportunities

September 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Jefferies & Company 01 99.1%
  • Financial Technology Partners 07 98.7%
  • Lazard Freres 15 98.2%
  • UBS AG 16 97.8%

Total Avg Compensation

September 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (33) $392
  • Associates (159) $260
  • 3rd+ Year Analyst (14) $187
  • 2nd Year Analyst (101) $169
  • 1st Year Analyst (306) $167
  • Intern/Summer Associate (48) $167
  • Intern/Summer Analyst (224) $94
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