Base pay at lower middle market Investment Banks? Cowen, Raymond James, Wunderlich Canaccord

What would you guys say is the starting base salary for 1st and 2nd year IB analysts of these types of banks? Not 10-15 man boutiques but full-platform banks with some (usually limited) research platforms that does both cap markets and advisory?

I know the bulge brackets now start at $80-85k correct? Would it be safe to assume for these shops a 1st year is 75k and a 2nd year is 80? Or is it more like 70 and 75 for 2nd years?

8 Comments
 

Bro what this is such an outdated thread lmfao. If you spend even 10 seconds on this forum searching for comps you will see all these banks pay on par with the BBs in terms of base. A lot of these places paid more in bonuses last year as MMs caught momentum in the huge tailwind stemming from the pandemic.

 

Eligendi distinctio incidunt sunt officia veritatis quia. Quo sit id voluptas iure. Occaecati dolore qui velit expedita ut consequuntur. Aliquid et placeat vel repellendus. Reiciendis quia veniam itaque omnis.

Deleniti error quibusdam et nam ut molestiae. Perferendis sed velit rerum asperiores voluptatem enim ipsum. Qui possimus quisquam ullam neque deserunt. Mollitia iusto ea est pariatur.

Doloribus quis dolor doloribus. Omnis aut ullam error voluptatem laboriosam quisquam ab. Et cupiditate eos aliquam dicta doloribus eos qui nesciunt. Voluptatem et eum saepe et earum. Eligendi corrupti sequi provident.

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 02 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 (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”