Analyst Compensation at A&D Groups (Energy Banking)

I've noticed that the work that A&D Groups do is slightly different then typical IBD M&A and Advisory in the energy sector. Also, it seems like a lot people working in A&D have come from a background of field experience, typically in oil and gas, and usually have at least 2 years of field experience outside of banking. Are compensation levels typically the same with "typical" IBD analysts within the same bank?

If I had to guess, I would say base comp would probably be the same at 85k at BBs but maybe the A&D guys are looking at a 20-30k bonus as opposed to top bucket analysts in IBD who may reel in 50k - 60k. I know it is sometimes hard to draw a distinction as many A&D teams are included as part of the company's investment banking division. Was just curious..

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I would appreciate any insight on this. I've heard conflicting figures from colleagues who are at firms with A&D teams but work in different divisions such as MBD or IBD. One friend told me that comp is roughly on par (boutique/specialized bank) while another at a BB said that it all depends on that group's deal flow but that he knows most senior guys (VP and up) usually don't make as much in bonuses because deal sizes are generally smaller.

 

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