2022 Analyst 1 Bonus Thread (Consolidated)
Figured we could make an aggregated list of bonuses across banks because they vary significantly across banks. Please comment your bank below, your base, your bonus, and bucket. I'll update as comments come in. ANALYST 1 ONLY
Bulge Bracket:
(110k base) GS: 50k-60k Mid bucket (110k) MS: 30-35k Bottom bucket / 40-45k Mid bucket (110k) JPM: 40-45k Mid bucket (110k) BAML: 40k Bottom bucket / 50k Mid bucket / 75k Top bucket (110k) CITI: 40-50k Bottom bucket / 60k Mid bucket / 80-90k Top Bucket (110k) BARC: ~35k Bottom bucket / ~45k Mid bucket / ~55k Top bucket (110k) CS: 50-60k Mid Bucket (100k) DB: (110k) UBS:
Out of the BBs, it seems like Citi/GS paid the most along with CS. MS, JPM, Barclays all paid bad this year.
Elite Boutique:
(130k) CVP: (120k) EVR: (120k) PJT: (120k) LAZ: (Bonus is based on base of 100k because of recent base increase, making mid bucket all in comp ?) (110k) MOE: (110k) PWP:
Other:
(100k) RBC: Bottom bucket ~45k / Mid bucket ~55k / Top bucket ~65k (90k) Oppenheimer: 85k Bonus (unsure bucket)(100k) Truist Coverage: Bottom bucket 70k / Mid bucket 80k / Top bucket 90k (110k) Harris Williams: Mid bucket 105k (100k) Mizuho - $55K all first years
Might be worth specifying AN1 vs. AN2 as otherwise it's difficult to compare
thanks, updated it
Stop giving comments
Bump
Truist Coverage
An1 Base: $100K
An1 Bonus: $70/80/90K
System ranks 1-5 most get 3 and up which is the above range.
I got 75k?...
Also I think it is quite rare to receive a high ranking as a 1 atTruist
Lazard base for first year analyst was $100k LTM (it's now $120 but bonus will be paid off the $100)
All EB’s 120 but Moelis is 110
LAZ will pay off the $100k base (what it was from 7/2021 to 7/2022)
Are you referring to base or bonus?
So the takeaway is that Truist is the highest paying bank.
Truist was born to care lol
Edit: MTS Health Partners
1st year analyst
110k base, 95k top bucket bonus
What does HC bank mean? Is that a boutique?
Healthcare lower middle market
Bank name?
MTS?
Cain bros I’m guessing?
HW analyst 1 base - 110, bonus - 105 mid bucket
Is this actually true?
Yup. Can confirm
Link below is a comprehensive list of base salaries I compiled
https://www.wallstreetoasis.com/forum/investment-banking/2022-consolida…
thanks
someone help me understand how MM shops are able to maintain crazy high AN bonuses this year, while BBs basically cut them by half. Is M&A activity really that strong in the MM this year? Are there other factors I'm overlooking?
I think a lot of these shops aren't capital markets focused so got less hit than BBs that derive significant ib rev from cap markets.
Because they are more lenient on comp, they don't have asshole mgmt and some of them are private so they can pay whatever the fuck they want
cause the shop im at doesnt have a trading desk (which comes with sales team, ops, etc). lower overheads, comparable fees, higher comp
To give some insight into MM M&A activity vs last year. 2021 was a record year by far for our bank. We are forecasting to come in at about the same as last year, with some groups like mine projecting to beat 2021 by ~50% (which helps when our tech group will be down substantially).
You get absolutely worked in the mm though. The lifestyle really doesn't get much better until you're a director (my vp's still work like dogs), which brings about its own challenges of sourcing your own deals. I wouldn't say being a career banker in the MM is "better". You get paid more but you definitely work for it and you're dealing with shittier companies and less sophisticated clients fairly often.
Tell me you are in energy without telling me you are in energy
It would be helpful if you’re able to also post second year analyst numbers, too. It makes sense, given the disparity between the two classes this year.
Stephens AN1 - 40k. Midbucket, base 105
Lmfao bro, I’m sorry. How’s the attitude around the office?? Are people pretty upset about it?
Not really, that was kind of the expectation based on previous years. Also Barclays and MS paying like shit definitely made everyone feel better
base and bucket?
Base 105k. Not 100% sure on bucket, thinking upper mid. The structure is kinda weird as there are about 8 different tiers.
Mizuho - $55K all first years, 9-month stub
Base?
100
OP you should change LAZ base to $100 since that is what LTM base pay was for first years (even though new base is $120)
ok
Aren't MS and BARC numbers for London?
No NYC
Harris Williams mid bucket 105k? WTF!
What do HW analysts do? Do they cure cancer?
They do the lords work.In all seriousness tho it’s an absolute sweatshop - they pay that well because they work us to the bone
One of my best friends works there, currently An1. I am an An1 at a BB and 100% work more and will be paid less. They definitely work you but it isn’t THAT sweaty.
If HW analysts are earning like that, what does an HW MD make?
Millions
BofA (US)
An1 - Coverage
Top
110k Base
74k Bonus
Perella 120 base
Base? Bonus?
Base
Any news on Associates?
Anyone have any info on the MMs? Bonuses for Solomon Partners, Cowen, Lincoln, Raymond James, Piper Sandler?
cowen was 45k mid bucket
Any word on RJ, Solomon Partners, or Piper Sandler?
Piper 45-60k. 15k stub in January as well.
Moelis 150 top bucket
for analyst 3 / aso 0?
Numbers aren’t out yet
Believe few select groups have announced numbers, but not out for the generalists
For A1??
Anybody hear anything from Wells analysts?
Bump, also curious on WF bonuses
Heard it was in line with rest of street. Top bucket was 60/65 for a1
AN1 at Wells here. Can confirm top bucket was $75 for AN1, $110 for AN2.
Edit: most fell in the $65-$70 range for AN1 (haven’t heard if anyone below $60 tbh). Compared to the rest of the street’s comp + considering the great WLB we had this year I think everyone was pretty happy
.
Okay, meanwhile MS M&A fees down +50% from a year ago and putting ~$500M away to prepare for defaults… not saying this completely justifies low bonuses but yeah it makes sense why they are so low
The message has been pretty consistent from Truist accounts. They have paid well the past two years and they’re trying to develop their talent pipeline by doubling down on investment coming out of the merger.
Can confirm Truist paid between 70-90k for A1's
delete
BofA
40 - 80 confirmed
Majority fell in the 60-80 range
Mid bucket was 50. Near Top bucket was 74, and only a couple got 80.
Where’s FTP at? Better live up to the rap
Anybody have predictions or the range for Evercore? Over under higher than last year's 85K?
Worked at EVR last year and it was 110 top / 105 bottom for first years
You’re telling me top bucket analysts worked hard as hell to get 5k more than a bottom bucket?
Thank you for the correction. Do you think it will be higher or lower this year compared to last? Headed there next summer
Uhhh so how much do you actually get back on the tax return or the % actually taxed a year from now...because these numbers suck to begin with and we still only get 50% of it in cash...
Blair paid 40k to first year stub in Jan (7 months). Don’t know where the next one will be.
CS (an1): 50-55-65-75k; majority in 55-65k
Was the bonus pool decided in 2021 or did the bonus pool include 2022?
I’d say so, definitely better than expected
Lmao banking comp is back to shit levels, last year you saw a big bonus and acted like you're going to x10 every year.
Is there any difference with wsb?
Calling bullshit you're in prop trading or maybe you just got lucky. This is clearly the analyst thread, and the vast majority of us won't even be in the industry in a year. Cynicism aint cool anymore chief
The fact that you won't be in IB in a year doesn't make these bonuses higher. I don't really care if you call bullshit about me, it's just the internet.
Is MS confirmed if so they did the analysts so bad
MS FIG 59-69k confirmed range
No one gives a shit about MS FIG. Group is a clown show
BMO AN2 Range 80-100k
Any idea on An1?
50k was middle for A1
#
What's the base salary and bonus looking like for regional banks like fifth third/citizens/regions
All I know is that base is 110k for An1 at citizens. Unsure about bonus
MS numbers don’t reflect the entire firm. Speaking on behalf of Tech Menlo and M&A:
A1:
Low: $53
Mid: $70
High: $90
A2:
Low: $65
Mid: $95
High: $110
They also have buckets between Low/Mid and Mid/High
Edit: Changed TMT to Tech Menlo for clarity
Stop spreading misinformation. Don’t know why you have a soft spot for MS but as someone who actually works here, these aren’t real numbers.
TMT isn’t even a group at MS after all…
One, I don’t work at MS, that was directly copied and pasted from a text my best friend sent me (who works at MS). Two, TMT is referring to Tech in Menlo.
Sorry you got a bad bonus, that’s disheartening, but some people actually got paid out big time at MS this year.
Ask your friends in M&A or the Menlo office, they’ll confirm.
S&T?
Markets and S&T bonus anyone?
can we get Jef on here
HL bonuses were lower than last year
I thought HL doesn’t come out until august 12?
End of Year Reviews happen today through the 12th. Actual pay out is mid august
Any info about rx analyst 1 bonuses?
Any info about HL RX?
JPM coverage nyc. solid but not top coverage group. 45k mid, with bottom bucket down to 15k and top up to ~80k (for only the top ranked analyst); don't think there's more than 3 analysts total in our group >70k
There's gonna be a real awkward convo the next day between the analyst that comped at 80k and the analyst that comped 15k lol.
What’s your group class size?
Centerview’s base is not 130k, it’s 110k. Classic example of WSO echo chamber perpetuating bullshit.
130/140/150 for Analyst 1-3. Confirmed
False. An1 base is 110k, I’m close with 2 people at CVP. Verify you work at CVP or stop peddling WSO nonsense
When are EB bonuses? EVR, CVP, PJT?
Mizuho is wrong, its 65k A1 (55k 9mo stub), A2 was ~95k
Societe Generale
Base 100K
Mid 35K (47K annualized)
High 50K (67K annualized)
Which group and location?
Are some BB bonuses really that low?
HL
HC
A1
Base - 105
Bonus (3 month stub) - 35
140k annualized?
HL shafted analysts and completely lied about paying people out / making them whole. They need to get rid of the we pay analysts out in August. Meanwhile all the VPs and Associates made great money due to the timing the bonuses
Did they raise base? Also did you just start 3 months ago or do they usually not pay the full bonus right now?
DB base is now 110K for ANL 1 (Effective October)
Source: Internal
What’s bonus do you know?
55k mid bucket 1st year with 100k base
Is Aso 1 at 175 base?
Bump
Any word on Stifel bonuses?
Heard allocations were going out today for Stifel. Payout is Aug 15.
hear anything yet ?
Any updates?
Any info on HL RX?
Any info on Piper bonuses?
How are Moelis bonuses looking?
What's the word on FT Partners?
Does anyone know what the base and bonus was at Macquarie? Specifically for CGM?
They pay bonuses in May, there was a thread earlier this year about Macquarie bonuses
What were S&T bonuses like?
Bump
When the hell are the boutiques reporting. Haven’t heard anything from my shop.
Does anyone have insight into TripleTree / Cain Brothers? Might be interested in lateraling to one of these places.
Anything from Lincoln?
Have heard MS Menlo and M&A had different bonus numbers from rest of MS IB (in one of the two but can’t confirm for the other). An1 Middle was 60, range was ~50-70+
Moelis NYC
An1
75k paid 8/31 and 10k paid in December ($195k all in)
Mid bucket
GS Classics
A1
90K
Est qui dolore quia dolorem enim. Saepe voluptates reprehenderit hic aut non et ab. Quisquam necessitatibus atque sed aut ratione omnis.
Maiores itaque atque quia voluptatem non fuga. Enim atque nostrum molestiae eaque nihil. Necessitatibus non dolor ad odio et quo. Et beatae nihil quas quis natus dolorum quo.
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...
Ea quo molestiae voluptate. Recusandae in fugit consequatur animi et eum voluptatem. Nihil amet eveniet dolore vero excepturi beatae. Quam nisi qui ut. Est aut perspiciatis cumque reiciendis assumenda.
Fugiat voluptas velit ut consequatur asperiores iusto assumenda. Consequatur accusamus impedit modi et dolore iure. Ad quia vero natus nam aut.
Nisi reprehenderit aliquid reiciendis ut consequuntur adipisci quia. Dolor ea sunt enim molestiae quidem. Incidunt dicta fuga odio. Velit assumenda enim id veritatis.
Cupiditate sit iste impedit qui beatae earum laborum. Non ea dolores fugit laudantium a in aliquid quo. Nisi iste delectus modi. Omnis illo corrupti est et earum similique ut.
Cum mollitia dolores fugit et porro possimus. Quo minus libero tempore ut non eos.
Et perspiciatis in et modi corrupti praesentium molestiae omnis. Vero est cum labore sed ut. Perspiciatis voluptates blanditiis natus ut dolorem cumque. Nostrum est voluptatem laborum autem dolore.
Reprehenderit neque eveniet labore repudiandae placeat. Voluptates pariatur deserunt et repellat sapiente quo. Doloremque eius fugit molestiae fugit. Illum occaecati ut vitae porro. Ratione quidem explicabo cum occaecati. Rerum beatae ut quia aspernatur sed voluptatum et quae. Mollitia labore enim dolorem corrupti ut est iure dolor.
Eum aut reiciendis esse natus placeat enim. Sed nulla sunt dolore sed quia magnam voluptatem porro. Ut nulla deserunt velit quaerat ut dolorem est quisquam. Quo rerum sequi soluta eum et ducimus.
Numquam eligendi modi ut. Fuga dolorum sint repellat. Excepturi delectus rerum sit aliquam eos et sapiente.
Quae sit quia adipisci iusto voluptatem incidunt officiis. Et omnis veritatis quo laudantium. Occaecati laudantium saepe illo quis minus harum. Delectus magnam maiores suscipit omnis tempora.
Occaecati occaecati ut a. Laudantium ipsum magnam perferendis eius. Id optio deleniti enim explicabo.
Laudantium voluptatum dolorem magni dolor consectetur est error. Enim quia omnis aliquam minima vitae voluptatem rerum.
Animi ducimus quia eos. Explicabo assumenda nihil nam et dolorem. Porro ad nesciunt fugit laboriosam iure perspiciatis ipsa sint. Ut ipsam ut id quidem qui excepturi suscipit. Eos ut provident ad. Nam sapiente debitis veritatis fugit veniam molestiae veritatis.
Consequatur nobis quam eligendi. Facilis atque consectetur officia vero quas magni. Reprehenderit expedita commodi commodi natus accusantium.
Quo sint corrupti magnam consectetur voluptates sit. Et facere facilis sit tenetur aut soluta libero.
Assumenda ipsam aut blanditiis corporis est consequatur. Corporis eum ut placeat rerum. Consectetur autem neque quo modi. Quae ut porro aspernatur est. Quibusdam maiores quae eligendi sint ut omnis consequatur laborum. At nemo modi fugit impedit. Quibusdam alias ut iure aut maiores ut.