Hey Folks!
I'm currently at a top MBA program and am recruiting for IB. I need to tell recruiters coming on campus what groups I prefer, typically a top 3. I am honestly pretty agnostic to the work and want more data around which groups generally pay more than others. Obviously will vary bank to bank but some general info that can serve as a data point to inform my decision would be very helpful.
80%+ of those recruiting for IB end up at top 5 BBs and the EBs if that provides any needed context.
The answer especially for asso+ will be boutiques outpaying by far
For EB's CVP is highest, PJT/PWP are closest to them in EBs
Dyal/Mklein will work you like a dog for top comp
Ardea/Qatalyst have great comp with profit sharing but if you're recruiting gen it will be harder to go for these industry specific boutiques
Thanks for the insight. Should have clarified more… I meant more around industry groups like FIG,FSG, TMT, HC etc…
All the same. Don’t know why you would think otherwise
Unless you're at a senior level, they'll all basically pay the same. The differences only start when you start driving revenue
I don't think Dyal/Mklein type of places hire out of MBA programs
PJT typically pays higher than CVP.
There is a premium you will see as you progress in your career into Sr. Associate for specialized industry knowledge. Energy and FIG can be helpful in that sense
I know this isn’t exactly what you’re asking, but my friend working DCM at a top 3 BB said he was paid quite more at the associate level compared to his coverage group peers while also working fewer hours.
Hot take: moe,eve, tph….IN HOUSTON!
Yeah maybe with col/tax adjustments. Would also throw jef in here if they still comp like they used to
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