CS Raises Base to 100k
Confirmed by my group COO but currently still unofficial. To be announced soon.
an1 100k and +5 per year. Heard nothing about associates.
Best way to boost morale $
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GS WHAT ARE YOU DOING???
Clown ass Rich Handler
Great sign for CS analysts, plus those 20k bonuses.. Just curious to see what the performance bonuses are looking like there this year
The other recent thread about CS raise says most recent ones were really good (70k top bucket an1 110k top bucket an 2) but idk if this reflects Archegos losses
Can confirm those numbers were from this past week - so post archegos
100K is nothing, when you invest in DOGE and earn 10x
SMH and ppl trading their 20s for 100K LMAO
feel free to go back to watching ur gary v motivation videos bud
Do you know if this extends to London? If not, do you know if the 25k Associate raise a few months ago extended to London?
Anyone else able to confirm?
Confirmed. I am bank
Any updates?
Seems like it’ll be a few weeks until anything official
Think CS will increase even more if the Litquidity rumors of a GS base raise to $125k for ANL2s is real?
As an SA who is probably returning full-time, I would love for CS to match but am not sure the firm can afford it right now. Still pretty happy about this bump to 100k though
Salaries are a drop in the bucket. Bonuses were huge this year despite Archegos (70 and 110k for top bucket analyst 1 and 2s respectively).
why? CS recognizes they need to keep up with street pay to retain talent.
they have no choice but to raise salary with street
How does this firm even have any money left lol
Closer to confirmation: https://www.bloomberg.com/news/articles/2021-08-02/goldman-sachs-bumps-…
Any updates?
Any updates?
would be nice to get confirmation soon considering we officially start next week
I don’t think that matters. Other banks back paid their new analysts to cover from when they started at the old salary
Still waiting to hear anything from HR... Pretty ridiculous it's taking them this long considering literally every competitor has raised by now
They might be awaiting whether the others are raising more to be in line with GS, such that they don't have to raise 3 times in the span of a year.
That’s optimistic. I hope that’s the case but I’m also afraid that they’re just being stingy fucks
Current analyst at the firm; still haven’t heard anything from HR
Heard the change will become official next week
So hype could kiss you rn bro. Where did you hear this?
Anybody have any updates on this? No word from HR.
Honestly ridiculous at this point unless there’s retroactive pay from July 1 like other banks have done.
currently still being paid at 85: 15 below street, 25 below Goldman, 35 below evercore.
They’ve bumped to 100k as of early this week.
Source: return offer letter
Oh fuck yeah. They haven’t communicated to full-timers yet
Congrats btw, im an an1 if you have any Qs about returning. Will be candid if you have concerns ab your group
Low key why does everyone shit on CS in the other threads on here.
it’s like all the Barclays UBS DB guys have been waiting to exploit this moment to boost their relative status. You can literally say something objectively and verifiably true and you’ll get “inaccurate” MS.
im personally super happy being at CS, granted I want to go to PE within a year and don’t think any of this shit will affect that.
I second this. I’m also at CS and feel like the media is generally much more concerned about the future of the firm than people within the firm: whereas the media makes it seem like the firm is imploding- and to be fair some groups have lost some key seniors- people still at CS still support the firm and think it’ll remain where it has historically been on the league tables.
Agreed. Morale in my group is pretty strong. We lost a few non-critical MDs in our weaker industry sub verticals and lost a fair amount at VP level but all the key heads are still around.
analysts and associates have been very busy and working beyond their traditional scope with a leaner mid-level but all have said it’s been a great experience to get solid reps and a learn a ton.
at the end of the day CS really really relies on sponsors and lev fin to bring in business and the firm’s done very well at talent retention there.
for 2 years, I’m not worried at all. Worst case I can have an expanded analyst role (since fewer VPs) on a surplus of mandates from LTM - not a bad deal
Agreed. I just started and I’m not super worried, frankly I’m in one of the stronger groups at CS and I’m also trying to recruit PE so I don’t think this matters to me.
CS has always exited really well to PE, like on par with any non-GS/MS BB, so I don’t really care if idiots think CS is “closing down IB”
Hi there! I’m going to be going to CS next summer for an internship with IB and I was wondering if you could give me some insight into morale and culture?
What’s the view on CS FIG with all the departures?
Still sitting at 85k with nothing from HR, what the fuck.
Interns got 100k offer letter, heard internally announcement will be soon with back pay to July 1 like everyone else
Feel you bro it’s coming tho hopefully we get back pay
Fr let’s strike outside of EMA if not tho
Any news yet?
Nothing official
-cs analyst
In the US?
Has anyone heard anything? Still waiting on the bump… not sure what’s taking so long
Is it 85k or 90k at the moment?
return offers 100
Still no news on 100k
Just got confirmation on the $100K base; Will be back-paid from July 1st, 2021.
Group specific or a firm wide email to IB and CM?
Not sure, but if I were to guess, I would say it's firm wide to IB & CM.
Agreed that it’s probably both. I know a friend in CM that got a return offer with $100k and CM is in the same group as IB (Capital Markets and Advisory)
Analyst can also confirm
Anybody know what analyst 2s are making?
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