2023 Consolidated IB Analyst Bonuses

Analyst 1

MTS Partners: Mid $70-75k | Top $85k

Nomura: Mid $53-65k | Top $85k

Leerink: Mid $72.5k | Top $80k

PWP: Low $60k | Mid $70k | Top $80k

Moelis: Low $10-20k | Mid $55-70k | Top $80k

Evercore: Low <$50k | Mid $65k | Top $75k

Citi: Low $25-30k | Mid $60k | Top $72.5-75k

JP Morgan:  Mid $50-60k | Top $65-70k

Goldman: Low $20-30k | Mid $45-55k | Top $70k

Oppenheimer: Low $50k | Top $70k

Harris Williams: Mid $60k

Bank of America: Low $40k | Mid $55k | Top $60-65k

Piper: Mid $55-60k

Wells Fargo: Top $60k

Mizuho: Mid $55k

Truist: Mid $55k

Lazard: Low $40k | Mid $50k

Morgan Stanley: Low $25k | Mid $35k-42.5k | Top $55-65k

Jefferies: Low $0-30k | Mid $40-45k | Top $55-65k

Houlihan: Bottom $40k | Top $57k

Raymond James: Mid $40-50k

Barclays: Low $15-25k | Mid $30-40k | Top $55k

UBS: Low $35k | Mid $45k | Top $55k

Stifel: Low $10k | Mid $20k | Top $50k

MUFG: Unknown $47k

RBC: Mid $45k

Deutsche: Mid $40k

BMO: Low $10k | Mid $30k | Top $50k

Credit Suisse: Mid $35k | Top $45k

Rothschild: Mid $30k

Stifel: Low $10k | Mid $20k


Analyst 2

Citi: Low $25k | Departing $60k | Mid $75-85k | Top $90-115k

TD Cowen: Top $115k

Moelis: Mid $70-80k | Top $110k

JP Morgan: Low <$15k | Top $75-105k

Truist: Departing $35k | Mid $75-90k | Top $105k

Goldman: Departing $100k | Top $100k

UBS: Low $60 | Mid $70-80k | Top $90-100k

MTS Partners: Mid $70-75k | Top $85k

Harris Williams: Mid $80k | Top $95k

RBC: Mid $65k | Top $95k

Evercore: Low $40k | Mid $80k | Top $90k

Wells Fargo: Mid $80k | Top $90k

PWP: Departing $45k | Mid $70-80k | Top $90k

Nomura: Mid $75k

Oppenheimer: Low $65k | Top $90k

Morgan Stanley: Low $0 | Mid $40-60k | Top $80-90k

Bank of America: Top $80-90k

TD: Top $90k

Credit Suisse: Departing $50k | Top $80k 

Lincoln: Top $80k

Houlihan: Top $77k

BMO: Low $25k | Mid $45k | Top $72.5k

Lazard: Mid $50-55k | Top $70k

Deutsche: Mid $60k | Top $70k

Raymond James: Top $70k

Piper: Low $35k

Barclays: Mid $33-35k | Top $55k


Analyst 3

Truist: Mid $125k

TD Cowen: Top $125k

Citi: Low $20k | Mid $100k | Top $120k

RBC: Mid $100k

Societe Generale: Unknown $100k


Sourced from master 2023 analyst bonus thread, various firm-specific threads over the last few weeks, and recent salary data submissions on WSO. Order is roughly the highest to lowest paying bank. Assumes that numbers contributed by WSO users are accurate and honest. Only includes banks with reported data.

 
Most Helpful

Based on only analyst 1 and 2 bonuses, and only including the firms that have numbers for both, this is the state of affairs in 2023.

High Paying Banks - MOE, Citi, MTS, JPM, PWP, EVR, GS, Nomura

You can buy groceries at D'Agostino's in blissful ignorance, order $25 cocktails on nights out, and get the deluxe spicy chicken meal at Chic-fil-A.

Well Paying Banks - HW, Truist, Oppenheimer, WF, UBS, BofA, MS, RBC, HL, LAZ, PS

Might want to stick to Trader Joe's, pre-game with natty's in your buddy's 300 sqft apartment, and maybe grab just the regular chicken sandwich meal at Chic-fil-A.

Low Paying Banks - CS (rip), RJ, BMO, DB, Barclays

Best sustain yourself by eating ramen and raw prestige, sip 8oz hand sanitizer with water before nights out, and get 4-piece chicken nuggets at McDonald's.

 

PWP departing at 45k for A2 I think is off, know a few departing that got top and mid at 90 and 80.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (152) $101
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