Can anyone please help out here. Trying to find some boutiques/MM firms that pay similar bases--75-80k+ (and bonuses) as the bigger-name BBs/EBs as an analyst. Anyone have any good names in NY?
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Jefferies and HL (MM IB division)
HL with a $15k signing as well.
HW, Blair, Baird, Piper Sandler, Jefferies, HL
I don't know about base salaries for Boutique/MM, but back office pays a solid $60k....sounds like you should rethink career paths, back office FTW.
HSBC
Is HSBC really a MM IB?
BB outside the US but kind of an in between in US, I heard they pay street level comp
I don't wanna get sucked into an argument about rankings, but I can tell you that in Europe they're definitely not considered to be a BB
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People are listing places like HL and Jefferies here? if OP didn't know about these places, he can't even get a job at the other places.
FTP also pays at or above street but you know the deals...
Lol yeah def know about every bank on the thread so far
What's wrong with FTP? Asking for a friend
People on here say it's a sweatshop, but I'm a prospect so I don't really know either
Macquarie
Not sure about bonuses yet, but starting is 85k and 2k relocation which seems to be on par with most other places.
Nomura
Nomura
Looking at the salary data on WSO, it pays notably below street
To add to the list: Lazard MM and BMO Capital Markets pay that rate as well
Does BMO really?
Yes, their M&A does. Know a few people that work there.
Wells Fargo
Pretty much every reputable MM pays around or near street. BBs are better because of brand name and transaction XP, not pay.
Lincoln International
lincoln pays above street with bonuses.
Want to remain anonymous since it was a really small form. Interned last summer at a boutique. One office firm with 10 people total. Base for analysts was 75k and bonus was 50%-75% of salary. Lots of mobility upwards. Still had the meal benefit of $25 after 7:30pm that large firms have. Their model was to take people who had 1-2 years experience at a larger firm and bring them to their firm. Low COL area. It's definitely possible to find places like this, but most true boutiques seem to grind their junior staff and pay them very little.
Raymond James
Stifel is 85k w/10k sign on and extra 2.5k incentive bonus for returning summers.
Damn that's pretty impressive. Any idea about bonus?
First year is ~50-55k, but assuming Covid will have some affect on that this year.
.
Cowen.
Cowen pays below street all in, less so at analyst level but still below. This thread is hopeless.
Guys why do you feel the need to comment if you don’t know, are you just trying to let everyone know that you know middle market firms?
There are a few firms that were named here that all in pay below street. Macquarie definitely does despite paying street base it pays below street bonus and has an aggressive bonus retention policy. FT Partners believe pays below street all in (based on feedback from a colleague that worked there). BMO believe pays below street, although not sure if it varies by team. Stifel believe pays below street bonus, but not 100% on that. Nomura I would suspect does as well, although I don’t have a recent source.
almost certain ftp pays at street or above to compensate for the insane workload and brutal workplace culture
FT def is at street on base and signing bonus. Bonuses are at least street
LMAO bud
How are you gonna call people out for naming shops and not being sure what they pay, and then you do the same thing????
Take a lap
Yeah dawg you just did the same exact thing lmao
Dawg because I don't work in HR and know entire compensation schemes. It's all information based on convos with buddies of mine, it's not like I'm sitting down with them and analyzing if their firms pay street or not. Got better things to do.
I gave you guys info I know and level of certainty, unlike everyone above. F off if you think any of the above info is more accurate.
On FT partners a year ago I was told associate base and at least at the level we were discussing it was below street. Bonus did not make up for that.
Lol buddy is rattled
Objectively false. You know an associate at the bank you mentioned? They get paid almost as much as PE associates, no lie. There are reasons why though.
Isnt that below street then? EBs / BBs all in pay in an avg. year for associates tops those of most UMM PE associates.
Bump
Mizuho pays street level but bonus could be low. Heard analyst pay was around 140k.
Hate to burst anyone's bubble, but the only MM/boutiques that pay street are the big ones that everyone has heard of (Baird/HL/Blair/etc) and are just as competitive as bigger banks. There aren't going to be any magical little boutiques that are easy to land jobs at and also pay competitive Wall Street salaries.
Thank you, intern.
This is helpful. Will review and revert over the weekend. Nothing pressing for now, but need you to be ready to work on a dime'sn otice over the weekend (yes, tomorrow as well) as we need to update some pages for a client cold call tomorrow. Will keep you updated. Please remember to sign off around 4 tonight instead of the usual 5. Need you up and awake for tomorrow's associate call at 7. Hopefully, the couple hours should be enough espeically in these covid times for you to be perky.
SVB Leerink
Yes. And the other healthcare boutiques (Cain and MTS)
Bump any others?
bump
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