2022 Consolidated US Investment Banking Base Salaries

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, GSJPM, 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

180 Comments
 
Most Helpful

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

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
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