Class of 2007 Analysts
For those who just finished summer internships, what was the offer for fulltime?
60k + 10k?
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70k + 15k
60+10
70k+15k good god that means you might clear as much as a second year analyst (2006 analyst who will get bumped from 60 to 70k + year end
70k+ year end (a regular second year) might = 70k+15k+year end (this first year at UBS LA)
Buddy at UBS LA hasn't gotten his contract back - but he said that it'll pay street. I guess it is possible (but unlikely) he'll be in for a big happy surprise
Assume 60+10.
Is the base salary for MA grads the same? 60 base? Or 70? Maybe the 70+15 is a MA student?
I believe the guy who said 70k + 15k. UBS LA is known for having dynamic pay based on how much they want you.
A buddy of mine at GS TMT got 65k + 12.5k. Looks like pay is moving up everywhere.
It's possible. Top groups have been having trouble hanging onto summers. UBS LA has been hellish and only last year did they keep all their summers (minus one or two. GS TMT has had a prob with guys jumping into consulting etc. as well. I guess pay is one way to keep people from leaving.
I guess the grass is always greener on teh other side when you've been able to intern at a great group and have most positions on the street open to you. For the rest of us, keep scrambling to get into those groups.
S&T in HK for 1st analyst, class of 06: 60k USD, sign on ??, housing stipend 24k USD
Do banks pay housing in the US or in Europe?
Are they really paying 65k + 12.5k and 70k + 15k? Crazy. I thought respected groups didn't have to pay as much.
Does a 1st year have any room to negotiate pay/signing for the ifrst year?
Yes, you do have tremendous power, especially if you're coming off a successful summer internship. A couple of my friends have already shopped their offers around, resulting in about 5k more base and a couple grand more in signing bonus.
Every bank has one. Moron.
mike, banks have certainly begun to recruit, even for non-summers
55k + 8k
no way MS M&A pays u 55k and 8k unless im thinking of a diff MS or ur working in a tiny satellite office
You can bet on it.
That's MS as in Morgan Stanley. Pay you less because you get the name.
For a 1st yr S&T analyst in Goldman Tokyo: 60k + 10k (sign-on) + 10k (relocation)
Do they provide housing allowances in the US and Europe? Because for Tokyo, they don't provide monthly housing stipends except for a 10k relocation assistance package. From what I have researched, seems like HK is the only place that provides a monthly housing stipend. Anyone care to confirm? Thanks!
60K + 12.5K
usually 60+10 at a bulge bracket...unless you're at dresner where they rip you off and give you 55+15 and your bonus is heavily taxed.
Read in this article that GS is paying its fresh grads 70k. Here is the link: http://nymag.com/nymetro/news/bizfinance/biz/features/15197/
Anyone care to confirm?
In general, most of my pals who have finished their summer internships at the BBs have been offered 60k + 10k. 70k vs 60k is quite a huge discrepency.
That article was written a year ago
For 2007, 1st year IBD analysts getting 60k + 10k + 10k (relocation) over at UBS HK.
are housing stipends the same as relocation comp, i.e. reserved for ppl who get signed on & sent over from home? i'm moving there in January, but can put it off if getting signed on from the US means an extra 10k.
No, relocation and housing stipend is different. DB Global Markets HK pays 60 base + 5 relocation + 24 housing.
All my friends in NY will be making 60 + 10, with ranges from 0 to 10 in additional relocation or other bonuses
Try to convince me that if you ask GS for more money, you'll get it. They'll laugh in your face.
"usually 60+10 at a bulge bracket...unless you're at dresner where they rip you off and give you 55+15 and your bonus is heavily taxed."
Not heavily taxed, heavily witheld. It is the same tax liability at the end of the day. If you think it's a rip-off to get bigger bonuses vs. salary, you are in the wrong industry.
does not pay 55k +8k sorry bud.
MS M&A in London/ Europe pays USD 72k + 8k for 1st years
Notice how the guy who said MS M&A pays 55k+8k didn't respond because he knows he is some poser at Merrill.
For those who finished internships, the offer is usually 60k + 10k +5k as an incentive bonus to sign early
That's alittle too high for returning guys, gq.
It is usually 60k +10k +1k, the 1k being the incentive bonus to sign early.
I know no one who received 5k incentive. If you did, that's pretty sweet, but just letting the guys out there know that 5k is not the norm.
£34-38k + 4-7k in London
£36k + £6k UBS £36k + £5k DKw
JPM gives 10+2.5 to returning summers i heard some divisions of Citi gave 10+5 to returning
yeah, i don't know about other banks, but Citi def gives 10+5
MM IBD Analyst - 55k + 10k
45k, no signing bonus
it's 60 + 10 ...
the difference comes in the year end bonus. any ideas on those?
I've heard from senior people that next year's bonuses are gonna be 125K for top tier 100K for 2nd tier 80K for 3rd tier
Ok, I'm lieing.......
Maybe not....
you guys wish those would be the numbers...band would never be that wide.
bonus stays static next year in my opinion.
static being what?
on average what is the year end bonus for first year analysts? does it vary between banking, management, and s&t?
Static depending on July '07 bonuses. Rumor is that 07 bonuses are 100K top tier. So if it stays static it won't be so bad I guess.
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