I have seen threads where they have said that PWP’s allure is the top pay. Is that still the case anymore? I have seen high numbers for 2020 and 2021 but I think most banks were relatively high. Also not sure if this information is stale but I think the base is even lower to places like Evercore and Lazard.
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Hi Analyst 1 in IB-M&A, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
I hope those threads give you a bit more insight.
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Pay is decent but not top
It’s pretty weird because I heard that their pitch is that they pay really well but their base is not even street with its peers.
Honestly a little curious if PWP happens to be slightly overrated. Their pay does not seem to be top, league table performance is underwhelming, both this and last year, and they are public. I understand A/A retention is higher, but buyside placement isn't outstanding either. People say they are on a good growth trajectory and culture is good, but is their culture/performance being diluted as a result of growing too quickly? Just wondering if it's really all that it's cracked up to be now.
Base salary is one component of pay… Bonuses were still very good last year. Like someone commented above the pay is very good but not top of street like CVP. Always in that 75th-ish percentile
CVP and Q are a bucket of their own for compensation. I assume PWP is in the same bucket as Evercore, Lazard, Moelis, PJT.
Although base still lags for PWP and Moelis
above comment is correct. Q comp is unmatched, CVP is top of the streep among the larger traditional banks. After that, EVR, LAZ, MOE, PJT, and PWP will pay roughly the same - 120 base + 60-100% bonus depending on firm/group performance and macro environment.
How do the above banks comp compare to GUGG?
110 base but bonuses are good size to put their total comp in line with the above banks
Does anyone know if they are at 120 base or still 110? Or will be moving to it next year? I know someone commented a few banks with 120, but I’ve heard conflicting things saying 110 or 120
Still 110 with no intention of being street with its peers
Thanks - do you know if their bonus makes up for it to put them in line with other banks?
Know some people going to PWP, base is 110k which is inline with the street. Bonuses might be higher than average though.
Base is not inline with peers tho. I’m pretty sure evercore and Lazard are at 120.
Since you obviously work at none of these firms, I’ll break it down for you. Evercore and Lazard are 120 base yes. Pwp and Moelis are 110. PWP paid top buckets last year 215k, that’s above street. Moelis paid above that for top. Base salary is one component of pay.
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