FT09 Starting Salary

$60k plus $10k relocation.

It probably does have some effect on year-end bonus, but only to an extent.

That's also for a fairly well-known MM bank in NYC.

Standard is 60K plus 10K relocation/signing and for this year probably a 5-15K bonus through the front-offices for all 1st years (salary differentiation doesn't really step in until a few years down the road)

70k base 10k signon - for relatively well know boutique in nyc

no indication of lower bonus (1st years in 06 got 90k like other top buckets at BBs/etc), these guys can just afford to pay more since they don't have huge operations to support, and run very lean

First years at my MM bank are expecting top bucket bonuses in the $40-50k range, only down about 35% from last year. The lone benefit of not being with a BB - they realize they have to pay to keep the talent, and they have the cash to do so.

In '06, first year bonus was $100k - that would be the same total compensation as walters bank, just spread differently.

Interesting, I just learned another person I know who is starting at a boutique in NY is getting 85K + 10 sign on. Seems really high.

70 + 10 for GS/MS. dunno if they're going to get bonuses though at all in the next couple years

60 base 24 housing allowance 10 relocation 3 airfare

Is S&T different? I know a guy going to BofA S&T getting 65k

was he from masters degree?

HK & Singapore are offering pretty sweet deals now relative to other regions. In normal years, the differential bonuses would have taken care of discrepancies in allowances, lower taxes etc.

friend going to barclays, $20k signing bonus, everywhere else is $10k for BB's

Boutiques like Evercore is $75k +$15k signing, although I know a guy who took a london offer when the exchange rate was still 1:2, now he's making $50k

DB S&T is

60k base 5k signing bonus 10k relocation no idea on end of year bonus

usually how much is bonus in hong kong for a BB IBD? say during the good and bad years?

1st year analyst at Moelis & Co.

The world has changed. And we must change with it.

How's the bonus at Moelis, is it on par with average street?

Also, can anyone comment on BX and GHL 1st yr compensation?

I know someone at BX, not a first year analyst, but he says the first years get above street. I think $75K base + $15K bonus. Not positive on this though.

Damn, I need to get to Moelis. Hopefully they'll be looking for some 1st year laterals next year.

I've heard of several offers at Moelis for 1st years which were 60K with 10K signing...so I'm debating the above post

Cornelius, do you mean 1st year associate? 90 + 25 is awfully high.

i was just kidding around.

not a big fan of "my dick is 1/2 inch bigger than yours" type posts

The world has changed. And we must change with it.

I was all for it. Fuck, for $40k more, I'd go anywhere. I'm poor as shit and I need any money I can get. That really ruins my plan, thanks for the awful joke.

Its all relative. I think we all know that BBs don't employ geniuses in the strictest definition of the word. They get the well rounded, really bright kids. A boutique that hires someone that is the one in a million good will hunting type can pay them whatever they feel like

neither boutiques or BBs employ (or exclusively search for) geniuses in that sense of the word ("one in a million good will hunting type"). and that's not why boutiques pay more either.

boutiques pay more not because they have better talent, but because they want to induce kids who would otherwise go to BBs to go to them.

the only firms that search for "good will hunting" geniuses are hedge funds like DE Shaw, and they give them math tests to make sure they're that smart.

fair,

I meant places like de shaw, and other quant funds.

60+10

NYC Boutique - 75+10