By popular request, here is a consolidated thread of street base compensation. I will update this fairly regularly with any bumps or additional data I find.
An1 focused bases are on the bottom part of the thread.
Last Update: 6/16/2022
Bulge Bracket
Bank of America: An1 110 / An2 125 / A1 175 / A2 200 / A3 225 / VP 275 / D 350 / MD 500
Barclays: An1 110 / An2 125 / A1 175 / A2 200 / A3 225
Citi: An1 110 / An2 125 / An3 125 / A1 175 / A2 200 / A3 225 / VP 275 / D 300 / MD 400
Credit Suisse: An1 110 / An2 125 / VP 275 / D 325
Goldman Sachs: An1 110 / An2 125 / A1 175 / A2 200 / A3 225 / VP 250
JP Morgan: An1 110 / An2 125 / An3 135 / A1 175 / A2 200 / A3 225 / VP 275
Morgan Stanley: An1 110 / An2 125 / An3 135 / A1 175 / A2 200 / A3 225 / VP 250
UBS: An1 110 / A1 175 / A2 200 / A3 225 / VP 275
Deutsche: An1 100 / An2 105 / A1 175 / A2 200 / A3 225 / D 350
Elite Boutique
Centerview: An1 130 / An2 140 / An3 150 / A1-3 300
Evercore: An1 120 / An2 130 / An3 140 / A0 185 / A1 200 / A2 225 / A3 250 / VP 275
Lazard: An1 120 / A0 185 / A1 200 / A2 225 / A3 250 / VP 275
PJT: An1 120 / An2 130 / An3 150 / A1-3 250
Greenhill: An1 110
Guggenheim: An1 110
Moelis: An1 110 / An2 125 / A1 175 / A2 200 / A3 225 / VP 275
Perella Weinberg: An1 110 / An2 125 / An3 150 / A1 185 / A2 200
Industry Focused
FT Partners: An1 140 / An2 150
Ardea Parters: An1 135
Qatalyst: An1 120 / An2 130 / An3 140
LionTree: An1 115
SVB Leerink: An1 100
Middle Market/Boutique
Foros Group: An1 125
Rothschild: An1 120 / An2 130 / An3 150
Baird: AnStub 110 / An1-2 115 / A1 200
Cowen: An1 110
Harris Williams: An1 110 / An2 115
Jefferies: An1 110 / An2 125 / A0 150 / A1 175
Lincoln: An1 110 / An2 115 / An3 125
Macquarie: An1 110 / An2 120 / An3 130
Nomura: An1 110 / An2 125 / A0 140
Scotia: An1 110 / An2 115 / An3 120
TD Securities: An1 110
Wells Fargo: An1 110 / An2 125 / An3 135 / A1 175 / A2 200 / A3 225 / VP 250 / D300
William Blair: An1 110 / An2 115 / An3 125 / A1 175 / A2 200 / A3 225 / VP 275 / D 300
Cain Brothers: An1 105 / An2 115 / An3 125 / A1 175
Houlihan Lokey: An1 105 / An2 115 / An3 125 / A1 175 / A2 200 / A3 225 / VP 250
Raymond James: An1 105 / An2 110 / An3 125
BMO: An1 100 / An2 105 / A1 175 / A2 200
Canaccord Genuity: An1 100 / An2 110 / An3 120 / A1 160 / A2 180 / VP 245
Citizens Bank: An1 100
DC Advisory: An1 100 / An2 105 / An3 110
HSBC: An1 100 / An2 105 / An3 110 / A1 150 / A2 175 / A3 200 / A4 225
Mizuho: An1 100 / A1 175 / A2 200 / A3 225
Piper Sandler: An1 100 / An2 110 / An3 125 / A1 175
RBC: An1 100 / An2 105 / An3 110
Societe Generale: An1 100 / An2 105
Truist: An1 100 / An2 105 / An3 110 / A1 175 / A2 200 / A3 225
Oppenheimer: An1 90 / An2 100 / An3 110
Cantor Fitzgerald: An1 85
Analyst 1 Pay
-- Above Street Banks Are --
140: FTP
130: CVP
125: Ardea, Foros Group
120: EVR, LAZ, PJT, QAT, Roth
115: LionTree
-- Street Banks Are --
110: BofA, Barc, Citi, CS, GS, JPM, MS, UBS, GHL, MOE, PWP, Baird, Cowen, HW, Jeff, Lincoln, Mac, Scotia, TD, WF, WB, Nomura
-- Below Street Banks Are --
105: HL, RJ
100: DB, SVBL, CG, Citizens, DC Advisory, Mizuho, PS, RBC, Truist, SocGen
90: Oppenheimer
85: Cantor Fitzgerald
Data was gathered mostly from WSO comments and Litquidity comp survey
Do you have the source for CS numbers? Is their A1/A2/A3 base really the highest among the BBs?
Source for CS Associate pay is Litquidity comp survey
According to this thread it’s inaccurate though: https://www.wallstreetoasis.com/forum/investment-banking/credit-suisse-…
Pretty sure Lazard is 120k
Yup Lazard An1 is 120
Updated, thanks.
Truist A1 175 / A2 200 / A3 225 / VP 275
Added, thanks
Scotia 95/100/105
Added, thanks
that might be canadian. the us updated 110/115/120 today an1-3
Mizuho AS 1/2/3 - 175/200/225
Added, thanks
Cowen raised An1 to 110
Updated, thanks
Is Centerview really paying $300K across all associates?
Thanks for making this!
Not saying this incorrect, but is BoA D and MD really that low? Thought I saw a post a few months back saying they raised D to 350 and MD to 500, correct me if wrong.
Edit:
https://www.reuters.com/business/finance/bank-america-raises-base-pay-t…
Updated. Had D mislabeled as MD. That article is saying VP at 225 which seems low. Trusting the Litquidity comp survey at 275 there. Thanks
Macquarie is 110 / 120 / 140
Can confirm this is accurate
Perella Weinberg: An3 150 / A1 185 / A2 200
Added, thanks
Perella has 3 year analyst?
Only for August-December so it's not a full year
BofA associate 1 is 175k
PJT Assoc is:
A1: $200k
A2: $225k
A3: $250k
Associate base isn't $250k across.
Isn’t $250K across all associates just announced like a couple weeks ago?
Seeing the same on a thread here, search "250000 associate salary"
This is not true, have had it confirmed that it is 250k across all associate years
SVB Securities is unfortunately still at 100, not 105
Updated. Hopefully they raise this bonus cycle.
I hope they do, 110 is now the standard AN1 base for Jeff and almost every other MM and BB
God damn. CVP As1 making more in base than VPs literally everywhere else.
Yeah wtf actully
I guess that's what mega deals + lean + private + good culture gets you
300 is same base for principal as well. Up until 2022, both assoc and principals made $175 base.
So sorted by pay (for An1) that is..
-- Above Street Banks Are --
140: FTP
130: CVP
120: EVR, LAZ, PJT, QAT, Roth
115: LionTree
-- Street Banks Are --
110: BofA, Barc, Citi, CS, GS, JPM, MS, UBS, GHL, MOE, PWP, Baird, Cowen, HW, Jeff, Lincoln, Mac, Scotia, TD, WF, WB,
-- Below Street Banks Are --
105: HL, RJ
100: DB, SVBL, CG, Citizens, Mizuho, PS, RBC, Truist
7.25/hr: Tobin & Co
The real league table
.
Added, thanks
Delete
Delete
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Thank you. Added this into the post and will update moving forward.
This is without bonus right?
Yes, lol. It's straight base. Not including year-end, signing, relocation, or early acceptance bonus
Super helpful
DC Advisory is also at 100 / 105 / 110
Added, thanks
It's now at 110 for 1st years, so I presume it's 115 and 120 for 2nd and 3rd years, respectively.
Do we have any info on french banks?
Uhh Roths at 120k
Large french banks like BNP and SocGen
Are Corp Banking/Capital Markets bases the same as IB?
Depends where. This is IB specific, I can't speak to others. From what I recall, some BB did match 110 An1 base across banking and capital markets advisory. Very strongly believe Citi did to name one
Roths > Gugg > Greenhill
Pls fix
If Gugg and GHL are EBs, Rothschild is 100% one too
Bump
Does anyone have London VP salaries by bank?
Correction here: DB A1/2/3 is 175/200/225
Thanks
Can confirm HLRX An1 is 120K
? Since when
Makes sense considering their main competition is PJT RSSG, Evercore RX, and Lazard, all of whom pay 120