Compensation Morgan Stanley GCM vs IB
Hi, does anyone know if base and bonus are similar/the same at Analyst level in MS GCM vs MS IB? Thanks!
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Same base - at least for juniors - IBD will probably pay slightly higher bonuses.
Thank you! Do you happen to have any info on bonus?
MS has a low bonus to begin with. the capital markets group will be like $30k and $40k your first two years. Assuming top bucket
Lmao this is not true and it's irritating when people say things like this as if they've confirmed.Gcm has different products which yield different bonuses. Top bucket GCM in a good group make the same as top ibd. But 30k is mid to bottom bucket in most gcm groups.
It’s confirmed insofar my friend A1 that got slogged in 2020 in DCM got a paltry $40k despite receiving top ranks. I’m sorry if this is misleading but I don’t think there’s really a better point of reference. Please share hard numbers if you have any.
That's pretty wild if top bucket was 40K given that's just so low compared to a lot of capital markets standard comp for analysts that I'm aware of at least.. I know concrete CM comp at other banks (both MM and bulge) which are pretty much equivalent to the banking groups.
Got it, but this is still very misleading. 2020 was a unique year so have to consider that, and DCM (MS calls it FICM) has the lowest bonuses in GCM and makes up a fraction of the analysts. Also 40K as a top A2 is just not right. 40k for a top A1 in FICM sounds right.
When people think GCM at MS they think ECM, LevFin or syndicate roles. If Lev Fin, ECM made 30-40K as top bucket, they’d have no analysts. Average is likely 40-50K for good A1. A2 more like 50-70K. The best analysts will make even more than these.
Source: worked here in the past 5 years ...
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