I know that analysts in DCM make the about the same as their coverage counterparts, but how about associates? What would an associate make in DCM at a BB in NYC?
Is there anyone in DCM here that can provide info on comp? I am looking for BB comp.
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Depends on what actual year you are at. If at like the 'analyst to associate' year, it's ~$60K. For an actual full first year, it's ~$115K + stock
Sorry for noob reply, but are those amounts bonus only? What about base?
Do you work in DCM?
Sorry, yes I thought question was about bonus! Worked in Leveraged Finance, close enough to DCM
Base is $110k, my firm haven’t got a base salary raise yet. Bonus is 70-80%.
What firm are you at? This seems low.
thats like 200k, doesn't surprise me/seems on par for DCM
I’m in loan syndication, so that maybe a reason why?
What are your hours like?
Work in dcm at a BB and to my knowledge all in comp is the same as coverage groups
Wow really? That's awesome
To expand, my understanding of comp for 1st year Assoc at my bank in DCM:
A2A sign on: $40k
Assoc 1 Base: $175k
6 month stub: $40k (estimate)
First full year bonus is received 18 months into the role and the rule of thumb is that top bucket gets 100% of salary
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