Hearing a lot of rumors that for incoming Analysts (class of 19) that base has been increased to 95k. Can others confirm this? What does this mean for current analysts, and how will it impact A2 and A3 base?
Would seem like A2 would jump from 90 -> 105 and A3 from 95 -> 112.5-115
Update (from comments): Can 100% confirm EVR, Qatalyst, Rothschild, and PWP.
Mod Note (Andy): see below in the comments for the most recent updates (Jan 2019)
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I know first-hand Rothschild has, and know second-hand of at least 5 other boutiques.
So far, haven't heard anything on the BB side.
Probably for the Houston office. Doubtful elsewhere.
If I haven't officially signed my return offer yet, should I try and negotiate for the rumored salary increase? Also at $85k base as of now.
If someone knows a journalist at the WSJ, make them take this shit public!
Yet pay in London still stuck in 50-53k range
Investment banking is No.1
Many people here love to live in their little delusions. FB signing bonus alone is ~95k
No. Insane is picking a job based on ~$10-15k/yr difference in post-tax dollars, instead of picking a job based on what you're interested in, good at, and what you think you want to do long term. Most people getting paid $200k at FAANGs/etc out of undergrad are software engineers, that's a completely different job and career track than finance. Vast majority of the people that go into one route, would not have the academic background, personality, or interest to go into the other. Wall Street is not losing significant talent to tech out of undergrad (i.e., not talking about exiting into corp dev) just because they don't bump salaries $10k.
Most top middle market firms are raising salary across the board for Analysts, Associates and VPs, but they state that "total comp will remain the same." So, it's really more of a switch to more salary than bonus - I'll take the certainty.
Salaries will be constant within levels (i.e. base will not change with seniority but only with promotion to next level), and performance will be differentiated in total comp from bonuses alone. From what I've seen, new bases are as follows: - Analyst: $95k - Associate: $175k - VP: $200k - D / MD: less relevant given bonus is multiples of base