After a year of pretty hard work, finally gonna know my number for the year. What to expect for a 1st year?
What do you say if its bad? Is this something all the analysts/associate share with each other?
Also, how do raises look? Do they just do 5% per year until they bump you to associate?
Dunno what to expect
How did it go?
Thanks for sharing...would check out the WSO Company Database salary #s to see if it's in line with other capital market positions in MM IB
https://www.wallstreetoasis.com/wso-company-database
This makes no sense. You're at 95k base as a 1st year analyst? FYI, base increases in 5k increments as you progress from Analyst 1-2-3.
I think he's including a $10k signing bonus as part of the $135k all-in.
As a junior, a good year won't swing your bonus that much. It pretty much goes all to senior team members in most cases.
In my opinion, as a junior, an optimal year is average deal flow.....enough to get good experience but not enough to crush you to death. In "good" years as a junior, you just end up working like a dog for a slightly higher bonus which isn't commensurate with the workload and the sleepless nights.
What city are you in? 95+40k bonus for a DCM (?) guy working 60-70 ain't too shabby. Especially if you got a signing bonus that year?
just wondering, how many hours do you work a week?
60 - 70, maybe one sunday a month
What division/group?
I am BB IBD coverage group my 1st year was 85k base 53k bonus 5k signing = 143k all in -- I was in top bucket.
Negligible difference here IMO, should be happy with your #.
5k signing? I thought BBs pay between 10 - 15k. I've even heard that MoCo and EVR pay about 25k in signing which is insane.
Yeah I thought $10k was standard - a lot of MMs have that as well.
I almost didn't get a signing bonus at all -- so I took what I could get.
This was for an off cycle recruitment position, so I'm supposing that had something to do with it as well.
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