Analyst 3 in M&A Comp Benchmarking
I’m an Analyst 3 (soon to be associate 1) at a middle market investment bank (compare to Nomura/BNP Paribas/Scotiabank) in nyc.
My total comp this year was 140k base but my bonus was only 60-70. So TC of 200-210k.
Have a feeling I’ve just been terribly underpaid, does anyone know what An3 bonuses are typically? Would welcome datapoints even if not from this cycle.
Based on the most helpful WSO content, here are some relevant datapoints for Analyst 3 (An3) compensation:
Barclays M&A:
General Analyst 3 Data:
Boutique Maritime/Energy Focus:
Barclays Coverage:
Your total comp of $200k-$210k seems slightly below the higher end of the market for An3 roles, especially in NYC. Bonuses for An3s at comparable firms often exceed $100k, particularly for top performers. It might be worth discussing your comp with your team or exploring other opportunities if you feel undervalued.
Sources: 2015-2016 salary & bonus discussion, Thoughts on Barclays Response to Goldman survey, 2022 Analyst Bonus Thread, 2023 Analyst Bonus Thread (IBD), BB Debt Capital Markets - Exit Opps / Comp
Seems like you’re underpaid. FWIW I got double that (excluding a2a bonus) last cycle in dcm/ecm at a BB as an analyst 3 and I wasn’t the top
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