Hey All,
What is the base pay + bonus (end of year) on Wall Street these days? Does anyone pay OT? I know things aren't as great as they are in '06 but what is the general sentiment? I've gotten a couple of offers in the 70K range...is that too low? too high? Do people negotiate these things?
Thanks!
| +178 | Americas M&A League Table Q2 Updated | 73 | 6h |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 2d |
| +107 | Restructuring: Anti-climactic Experience | 26 | 5h |
| +74 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 1d |
| +69 | IB Net Worth / Savings Check | 28 | 7h |
| +51 | Boutique firm wants access to my LinkedIn? | 41 | 22h |
| +39 | Investment Banking is Hard | 17 | 17h |
| +29 | PWP vs BofA | 23 | 3m |
| +23 | Who pays the highest right now? | 14 | 4m |
| +21 | Excel macros for QOL formatting | 0 | 6d |
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.
You're probably not in a position to negotiate, so i would stay away from that or you will no longer have offers. Sounds about average for entry level, but it depends on what area and what type of firm. Same with bonus.
Street: 70k base bonus of 80% to 100% of base
Some boutiques and PE shops pay up to 200k all-in for first year comp
If you have multiple offers for the same position, but at different firms, then you can try negotiating. Works out well if you're relatively indifferent between two firms and leverage one offer at the other
Is this PE after 2 - 3 years of IB or PE straight out of undergrad?
These are both IB offers.
200k including bonus? Wow, that is pretty good.
If it's at a bulge bracket firm you won't get a whiff of 200k your first year, closer to 135 to 150k your first year, including bonus and signing/relocation bonus (10k)
70k base + salary is nothing to complain about , tbh
70k (Base) 45-65k (Bonus)
Great info guys, thanks.
Can any of you give insight on how that compares w/ IM/ER? I just had superdays with RaymondJames ER and TRowe IM...I'm thinking PE/HF so I'll probably go the banking route but any color on the compensation there?
Can anyone answer me why the salaries in Wall Street firms are much higher than those of the London firms?
They're not....Typical in London is around £45 which at 1.6 rate is $72k.
My friend in the Tokyo office is getting paid $97k base because of the strong yen.
Repudiandae impedit sit sed accusantium eum. Atque dicta et temporibus commodi non amet. Voluptatem at molestiae est quia autem sit.
Aut explicabo sit maxime. Error ipsum repellat placeat voluptatem minus fugit non enim.
Est quidem dolores architecto quia quis nobis. Perferendis error occaecati corrupti non delectus blanditiis. Iure qui ex quisquam cumque ducimus. Enim quia eos aut quasi beatae deleniti.
Blanditiis minus rerum debitis. Quia explicabo architecto perspiciatis harum quos omnis porro asperiores. Maiores adipisci officia consequuntur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...