EB Salary Raises
Calling all EB juniors here.
As the major independent advisory banks have yet to announce anything regarding salary increases, it should be helpful to start a discussion here.
I'm expecting EBs to mobilize soon since Goldman has announced, so this next week should be interesting.
Please feel free to share news, rumors, and thoughts as they come in!
Evercore just mobilized according to internal email. Kind of sounds like they are looking to exceed leading figures (110k), but could be in-line. Should be interesting agreed
Idk though. Id heard that they could only scrape together cash for the first 10k of the raise. Rest will be PIK toggle between gift cards at the online shop or extra copies of books
do people think EBs are going to increase above Goldman? something like 115 or 120 base seems too good to be true
Wouldn't be surprised if EBs raise to 120 or even higher.
ex) EVR has no more than 100 first year IB analysts across all US offices. A $25k pay bump would be just $2.5m, a small price to pay to continue attracting top notch talent and preserving street reputation.
Please lmk if you disagree, but just my thinking on numbers. Simple fact is EBs can afford to pay more as headcount is much lower than BBs.
just because you can afford to pay ppl more doesn’t mean you do it. if you think your brand is strong enough that paying below competitors won’t cause recruiting issues (aka what the GS discount has been) then no need to bump
Do you still think GS gets the top kids? I go to a top target and all the top kids go to EVR/PJT. GS is for the diversity kids and/or mediocre kids. I think it's also a side-effect of recruiting like 5 months later than some EB's.
You can’t just raise An1 that much without raising 2,3 and likely Associates. So much more expensive to implement.
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Why does Evercore want to make it seem like they're at war? "Mobilizing" LOL ok, just shell out already
Nope.
Heard they’re gonna lower comp lol
Lazard just raised it! An1 100, An2 110, An3 110. Didn’t match GS but still happy with a raise
Tue-Thu in office, Mon and Fri WFH, work from anywhere one month per year
I would pay attention to all-in comp once this year's numbers start to become known