Highest paying banks for analysts/associates?

From what I have heard from alumni and others, it seems that EBs and other top industry specific boutiques pay significantly more than BBs for junior bankers. I was just wondering what some of these highest paying banks are? I know Evercore, Centerview, PWP, Guggenheim, Jefferies Houston, TPH, Qatalyst are some of them.

How are others like Rothschild, Foros, Moelis, Lazard, Greenhill, LionTree, Raine, and PJT? Am i missing some other top boutiques as well?

29 Comments
 

Moelis and PWP are also above BB level. CVP is probably top if you include that 3-year signing bonus (50k last I heard). PJT and EVR are the highest for 2-year programs, can be close to 200k all-in first year. Lazard is known for having a slight discount relative to the other EBs and is more in line with BBs.

 

Back in the golden days of the shale boom, Jefferies used to pay ridiculous amounts since they were just printing money through A&D (and analysts got brutalized as a result). They have traditionally had a guaranteed comp structure with 100% claw back if you sign an A2A offer which comes in around ~$350k per annum. This all has changed and I’m unsure if it will be available going forward. In contrast, Analysts got screwed on bonuses this year with average being ~$50k. 
 

TPH pays in line with PWP, definitely good and above market, but nothing crazy. 

 

Do you think it was 50k just given the state of O&G IB this year? Because 50k looks ridiculously low, even for a bank that cuts their bonus (Cuz that would mean they went from giving ~90-100k to 50k), also given the fact that their analysts probably work around 95 hours on average.

350k is all in for first-year associates at Jefferies?

 

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