Do y’all think that some of the “EBs” will increase base again to set them apart from GS/MS? The new norm for BBs will seem to be 110, but some firms like PWP and Gugg are at 110 too. From what I understand, historically EBs base have been higher than the BBs. Genuinely curious.
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My guess is no. Base pay has typically been standard across the street, other than a few outliers that were $10k higher at the salary level.
However, I do think we will see average EB all-in comp continue to be higher than that of BBs. Would guess bonus ranges of 60-90% of salary for BBs and 80-110% of salary for EBs, excluding any outliers, once things normalize.
Only time will tell.
I will be starting FT at one of the firms that usually is one of those outliers but isn’t at 120 like Evercore and is at 110. Counts hairs at this point but just curious.
I think BB’s will follow MS’s raise to 110, which means every EB will either match Evercore’s 120 or go to 110 certainly.
Do you recall if evercore had a higher base than LAZ/PWP/MOE before the pandemic or were they all in-line?
Yeah Evercore used to be 95k and the others were 85k I believe
PWP was also 95k pre-pandemic
I’m still waiting for Evercore to bump to 130
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