Just got off the An/As/VP comp discussion call. What everyone think? Seems pretty dismal tbh. “It’s common sense to think that comp would be nowhere close to 2021 numbers.”
Curious to hear what everyone’s bonus figures are. Post below when you find out.
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hot Take: People bitching about stuff like this is why IBs don't pay out bigger bonuses to junior employees more often. Because they know that if you pay that money out once, people get the idea in their head that they are unconditionally entitled to that level of comp each year. It becomes their new base line and then god forbid next year's bonus isn't record breaking you have tons of bitching, negotiating and lateraling among your employees.
Also, yall work for fucking Baird. The fact that some of your associates cleared $500K in 2021 is NUTS. I agree with whoever told yall it's common sense that you guys wont make that again in 2022. As a matter of fact, don't yall mostly do sell-sides for little founder owned $50M industrials companies based out of some dude's basement in Youngstown, Ohio? If I were in charge you'd get a hot-pocket and a fuckin Ohio State cap
Rank: An2
Bucket: Top/Mid
Base: $125k
Bonus: $45k
Pretty let down tbh, was hoping for more.
On balance, this simply isn't true. Don't Baird Associates get paid $200K base? So a 25% bonus is still $50K and you're making $250K total comp. That's like what a SVP with 15 years of experience at a blue chip gets paid for FP&A, in industry.
Usually they'd hand out a few Marquette headbands to the mid-bucket troops and maybe peel off a few $100 gift card vouchers to Skyline Chili or Culvers for true top performers. Bottom Bucket analysts get a few knobs of corn. It aint much, but find me another bank where you can wear overalls to the office, on your way to help a HNW client finance his acquisition of a few cows from his neighbor.
Oh you jus' give me one rootin' tootin' minute here misser,
Out here in the great wild West, Roberto W. Baird the Vth has got plenty ah get down to go around. Why just lass' week I don' helped ole' Billy Bob Joe on his here acquisition ah' eight stocks of corn from his own daggone neighbor! We don' made out good that night. He don' paid the team with another three stocks o' corn and a daggone Marquette headband!
Boy oh geez, the good lord sure has been fixin a blessin upon me out here in Milwaukee.
As my great-grand-poppy Roberto W. Baird the 1st would always say...if yall fixin ah' get down with the get down, Roberto W. Baird is yer friendly family barn.
Edit: We pay our analysts like shit though fyi