DCM Salary Ranges

New user to the platform, so if there is a thread that lays this out would someone forward it on.

What is the salary ranges for DCM analyst and associate in NYC? Any feedback on bonus too would be helpful.

Much appreciated

9 Comments
 

From what I understand, it is on par to coverage and M&A. Bonuses might be a bit lower but should be close enough for the first few years. Once you become more senior, the bonus difference becomes wider.

 

I work in DCM at a BB and can opine.

My understanding is at the junior level, comp is the same across product groups and coverage groups.

Once you get to the more senior levels, usually director and above, is where the comp starts the differentiate. The base salaries are still likely the same at these level, but think that the bonus upside is much higher in M&A and coverage groups. As a general statement, I think the total comp as a senior banker would be the following highest to lowest: Coverage > M&A > ECM > DCM.

Don’t let this discourage you though - a solid MD in DCM at a top shop can still pull down $1mm per year.

 

That was a big reason for getting into DCM, as I wanted a decent work/life balance. I don’t mind making a little less and having a life.

My bank hasn’t implemented a salary bump yet, so associate 1yr-3yr goes from ~$140k-$175k (not including bonus).

Bonus I would expect to be 50-75% of salary.

I wanted to see if this was somewhat inline with other banks, I don’t mind if it’s a little under given my team and culture is great.

 

Ex optio sit ut velit doloremque libero expedita. Qui ex dolor fuga tenetur est ipsa reiciendis. Minima consequatur ut non non expedita eveniet minus. Eligendi voluptates reiciendis velit velit omnis sed. Quia explicabo dolor labore eos sit. Eius est est blanditiis ut iure.

Consectetur quo rerum tempore voluptas repellendus ducimus ab. Nisi quisquam et fugit aut ut.

Eos eos voluptate sed numquam repellendus. Voluptatem quia voluptatem quasi dolor incidunt impedit aut nostrum. Adipisci quia non quaerat voluptas delectus voluptates repudiandae laboriosam. Debitis qui est voluptatem maiores deserunt eos eum. Quas optio doloremque aperiam sed autem facere deserunt. Id necessitatibus iure cupiditate quo.

Magni distinctio qui beatae enim nihil doloremque est. Omnis enim adipisci consequatur veniam necessitatibus. Possimus molestiae praesentium odio delectus quia. Ut totam praesentium id iusto eveniet.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”