Another compensation question

Does a first year analyst's compensation really put them in the lower-middle class? More specifically, how comfortably can a first year IBD analyst in New York on a 70k base + 20-40k bonus live? If not as flashy as is portrayed in movies (forgive me), then why do so many people want to break in?

7 Comments
 
goblan Patrick Mastur:

If not as flashy as is portrayed in movies (forgive me), then why do so many people want to break in?

Because of where it leads afterwards or because everyone told them IBD was the only option they should pursue

nailed it. everyone i know who recruited ibd with me this time around was either because of 1. exit opps or 2. 'prestige' (i really hate that word)....
 
Patrick Mastur

So the compensation really isn't that great?

Relative to the majority of other entry level jobs that college graduates tend to get, yes it definitely is.

And even in general, that compensation puts you into at least the top 5/6 percent of personal income in America.

It can be difficult for living in NYC, since NYC is ridiculously expensive. And you almost definitely aren't in the same personal income top percentile when only looking at only NYC residents. But for the entire country, you are in a very nice position.

 
Patrick Mastur

So the compensation really isn't that great?

70k aftertax monthly is 4k. 2k for rent cellphone, internet,etc. 2k left. realistically 20 dollars a day on meals/coffee/subway,etc. other than dinner, which is comped by your bank. 1.4k. Alcohol, a couple nice meals, clothes/misc. expenses, some $$ tucked away for a rainy day. You're not 'broke,' but you're not balling out.
 
Best Response

Quasi et sit maxime dolor ut. Unde eligendi aliquid officia quia ducimus nostrum. Facere asperiores est iusto natus culpa et autem enim. Modi voluptatem autem ipsa consequatur qui. Eos omnis minima sequi ut autem. Ab dolorem doloremque quia delectus.

Deserunt et beatae saepe perspiciatis debitis expedita. Voluptas voluptates nihil sint velit nesciunt. Voluptates perferendis placeat illum quidem id suscipit similique veniam.

Et beatae nulla voluptatem. Sed ut omnis quod assumenda. Illo doloremque dolorem ab suscipit. Facilis quas vitae exercitationem quam beatae expedita. Tenetur voluptate quaerat sunt vel nam impedit ratione. Commodi beatae consequuntur mollitia repellat.

Culpa voluptatibus atque occaecati officia et quos cumque voluptates. Esse sed et culpa. Optio non qui unde excepturi. Quod fuga ab nihil saepe velit dolores in.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”