2024 Houston IB Bonus Megathread

Based on the most helpful WSO content, Houston bonuses are generally competitive and often align closely with NYC bonuses, though there can be slight variations depending on the firm and group. For example:

• Evercore, Moelis, and PWP: These firms are known for being top-paying shops in Houston, often matching NYC bonuses. Evercore and PWP, in particular, are highly regarded for their compensation and deal flow in the energy M&A space.
• GS, Barclays, JPM, and BofA: These bulge brackets typically offer bonuses that are competitive with NYC, though the exact figures can vary based on group performance and individual contributions. GS Houston has faced some cultural challenges, so it's worth networking to get a clearer picture.
• Piper Sandler: Bonuses for Piper Sandler in Houston are reportedly already out, and while they are competitive, they may not always match the top-tier firms like Evercore or PWP.

In general, Houston bonuses are strong, especially given the lower cost of living compared to NYC. However, the exact figures can depend on the firm's performance in the energy sector and the individual's role.

Sources: Houston Investment Banking 2019, Is Prestige Really All That Important?, https://www.wallstreetoasis.com/forum/investment-banking/db-nyc-vs-guggenheim-nyc-vs-rbc-nyc-ma-vs-tph-pwp-houston-for-2019-sa-ft?customgpt=1, Houston EB or NYC MM, Bonuses for Investment Banking 2017