Highest paying IB

Sophomore SA here. Looking to do junior year SA gig at the highest paying Investment Bank.That's honestly what motivated me to pursue this job.So, what is the highest paying bank for Ans ?

Comments (109)

Feb 1, 2022 - 4:40pm
NSB2017, what's your opinion? Comment below:

Lmao yes they can. Their base is materially higher than the rest and bonuses, while more difficult to accurately track, are ... hefty.

Jan 17, 2022 - 2:40am
gsssa 2050, what's your opinion? Comment below:

Moment of silence for your account that got banned for some kkk grade racism I suppose. Still as wrong and stupid as ever

  • Analyst 2 in IB - Cov
Jan 19, 2022 - 1:03am

Qatalyst actually pays more than both of the firms you listed

  • Intern in IB-M&A
May 30, 2022 - 1:07am

MF analyst programs do not pay as much as the highest paying analyst programs like Qatalyst 

Jan 16, 2022 - 7:37pm
high hopes, what's your opinion? Comment below:

You made another list about being at a super non target.

you shouldn't worry about top of street pay none of these firms will seriously you consider you for an offer (reality sorry)

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Controversial
Jan 16, 2022 - 7:47pm
Captain Rex, what's your opinion? Comment below:

I got selected for Evercore IB Simulation, and I have an upcoming interview with them in 3 weeks time for a 2023 SA gig.

Got selected for PWPs in person event in NYC (only 20 selected for NYC office), and also have a superday with them (part of the event)

Selected for Guggenheims Freshman Day on the Job program and Sophomore FOCUS program which comes with a superday for 2023 too.

Selected for Lazard Sophomore Academy which is a multi week training program followed by a 3 day in person event in their office and a superday.

Got selected for Lincoln International Sophomore M&A Job Shadow in person program and have upcoming 2023 interviews with them too.

Also have upcoming accelerated interview with HL through a non profit program I'm in and we helped establish a relationship and pipeline with them which is why we get accelerated interviews.

Just because someone is non target doesn't mean they can't break into IB and these Boutiques which all pay above the street.

Stop shutting people down, I've worked really hard to stand out as an ideal and skilled candidate.

  • Prospect in IB-M&A
Jan 18, 2022 - 2:41am

Would you be equally as triggered if he got in due to his daddy being a client? Probably not. Regardless of your thoughts on diversity programs he still had to go through a competitive selection process, unlike those who get in through family connections. But you never hear people on this forum complaining about that side to recruiting. 

Jan 16, 2022 - 8:53pm
jackdongalass921, what's your opinion? Comment below:

Lol none of the shops you mentioned are "top of the street", even in a normal year. In 2021/2022 when banks will take anyone with a pulse until the market crashes and dump the juniors, getting interviews/superdays at the MM shops you listed is basically expected, even for a nontarget such as yourself.

Don't overstep your social position, plebeian.

Jan 18, 2022 - 11:58am
joeblow__, what's your opinion? Comment below:

You are diversity dude, wtf are you talking about lol. You guys are basically selected for a position before you interview

Jan 21, 2022 - 2:19pm
WS_Jerry, what's your opinion? Comment below:

Go to Lazard or Moelis. You need a sweatshop to beat that arrogance out of you.

I think I did this right

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  • Prospect in IB-M&A
Jan 22, 2022 - 4:56am

Dude, are you trying to flex how black you are?

Mar 19, 2022 - 4:35am
StrongNontargetProspekt, what's your opinion? Comment below:

Good job getting interviews and sophomore events? Those seem super exclusive I don't know how anyone could compete with that smh

Most Helpful
Jan 16, 2022 - 8:50pm
ostrandermike, what's your opinion? Comment below:

Why are people so triggered at a kid who just wants to make money? Don't you guys have something better to do? Youngin' just asked a question pertaining to his interests and some of you start shitting on him for being diversity. You're what's wrong with our community.

Jan 21, 2022 - 2:22pm
WS_Jerry, what's your opinion? Comment below:

More of just ticked off by the arrogance. It's incredibly impressive what he's done, but he could've worded it in a much better way.

I think I did this right

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Jan 17, 2022 - 9:08am
Anonymous Monkey, what's your opinion? Comment below:

The analyst associate comp is pretty transparent. IF the question is on longer term money that requires a different discussion but honestly I would do it for experience b/c that determines exits which matter more

  • Analyst 1 in S&T - FI
Jan 17, 2022 - 7:39pm

I hear Tobin and Co. is currently paying the highest.

Jan 18, 2022 - 11:03am
Walker Texas Banker, what's your opinion? Comment below:

Came here looking for comp benchmarks and got class warfare instead. Never change WSO

Array
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  • Analyst 1 in S&T - Comm
Jan 18, 2022 - 2:11pm

I'm confused, if money is the primary driver wouldn't you want to optimise for what would give you the best (highest paid) exits after analyst years? CVP will be great for this but I hear the fat bonuses come with claw back clauses or something. IBD comp is great, especially for grads but is it worth earning 25-40% more in AN1/2 for a shop that would give you worse chances at exits which would put you on track for much greater comps than if you stayed in IBD?

Honestly if money is the only factor I'd suggest trading tbh but there's a more solid skillset required there.

  • Analyst 1 in S&T - Comm
Jan 18, 2022 - 4:36pm

I'm assuming you mean in BBs. In which case it is certainly not just execution/agency. Even if it is, the comp depends entirely on desk. Some places/desks will be much better than others purely due to the team. The range of clients, volatility/margin of product, and a bunch of other factors will affect the spreads on your book and ultimately your desk's PnL. At senior levels, traders get a signif % of this PnL. Obviously, if your desk is a healthy mix of excellent salespeople and traders you can make some good money. Not pre-volcker levels and people earning more than IBD counterparts is rare - but it definitely happens. Less of a top bucket limit here too.

Senior top traders, and desk heads, can get 8 figure bonuses on (extra)ordinary years, much like 2021 and goldman sachs partners - assuming the "book" they kept reflected this. There is still a decently strong level of prop trading banks engage in, and that's through hedging client's exposure and warehousing risk. A bank can leverage its own balance sheet depending on the trade to express an opinion in the markets and take a position. Its less straightforward than the old prop desks but it can and is a source of revenue for the desk alongside commission. I've ignored market making here since I don't wanna go into this too much more.

Also something I think is underrated: S&T progress is much less linear, you don't have to do the set years in each position, you can progress and be rewarded more if you are good. Again looking at goldman the youngest partners have always been in S&T. 

This was a tangent; by trading I actually meant at prop shops, hedge funds and trading houses. Not BBs, but a lot of people have misconceptions about what the T in S&T is like so I lightly expanded.

  • Intern in IB - Gen
Jan 19, 2022 - 9:00am

Someone posted a screenshot on liquidity of CVP's comp range and it was crazy. For 2021, figures were changed to like 

An1: $205k

An2: $300k

An3: $340k 

A2A Retention Bonus: $200k

You can find the SC on their overheard story. If this is true, than an A2A would make over $1m pre-tax over 3 years which is just mind blowing to me.

Edit: Here's the SC: https://imgur.com/a/yOYxFLv

Jan 19, 2022 - 3:09pm
synergistic syndicate, what's your opinion? Comment below:
  1. CVP
  1. EVR
  1. GS (depending on group bonus)/ PWP/ Moelis

Note: I'd put PJT at 3 since I believe they may have raised recently or plan to (also fat bonuses).

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  • Associate 2 in IB - Gen
Jan 20, 2022 - 7:06pm

Know someone at Lazard and understand pay on average is low compared to other EBs. This is on top of Lazard being very sweaty. I heard though if you are a top performer, they pay a lot as in in-line with top bucket Moelis for example.

  • Incoming Analyst in IB-M&A
Jan 21, 2022 - 4:19pm

Any info on how Gugg stacks up?

Jan 29, 2022 - 8:48am
TheBuellerBanker, what's your opinion? Comment below:

Definitely CVP and Qatalyst in the US, with EVR following closely behind. I mean the freaking A2A bonus at CVP is 200K

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  • Analyst 2 in IB - Cov
Jan 29, 2022 - 11:00am

Agreed. I know someone at both firms. A guy at Qatalyst I'm close with hinted at some figures and it's actually hard to believe.

Jan 30, 2022 - 10:48am
smallmanbigapple, what's your opinion? Comment below:

As someone who finished a month long lateral process earlier this year here's my 2 cents which I picked up. 
 

Full coverage EBs

1. CVP by a mile. An1 is 50k signing bonus, 130 base, YE bonus of ~100% of base all cash.

2. EVR. An1 is 25k signing bonus, 120k base, YE bonus YE bonus of ~70-100% of base all cash. Bonus is very group dependent, bucks are minor, only 10k between top and bottom.

3. Gugg. An1 is 15k signing bonus, 110k base, Ye bonus is supremely high, often 100%+ with some top analysts in good groups getting mid/high 100%'s.

4. Moelis, PJT, PWP

5. Greenhill (some would argue they aren't an EB, gonna avoid that debate today)

100. Lazard, bruh these guys are the adult version of teachers cutting a single slice of pizza into thirds to share with the class. Low signing bonus 10k, 100k base and YE bonus around 70-80%.

Industry Specific EB

Never recruited here but I've heard positive sentiment on Qatalyst and Liontree.

BBs

1. GS by a mile, signing bonus 10k, 110k base, YE 80-100% of base (not sure on An1 as they haven't been paid yet, using As1 numbers as a %). Ramps higher as you get more senior (will be offset by restricted stock as you progress, but that's industry standard)

2. JPM and BAML both at 10k signing, 110 base, not sure on bonus

3. MS, Citi, Barclays (MS and Barclays still at 100k base, Citi raised but their YE bonus is atrocious)

4. CS, UBS, DB

Feb 1, 2022 - 7:07pm
bankinthetank, what's your opinion? Comment below:

Caveat to this is that excluding this/last year, GS has been one of the lowest paying BBs (famous GS discount). If this year's kinda bonuses keep going, then yeah you will be right on the money.

Feb 3, 2022 - 3:40am
TheBuellerBanker, what's your opinion? Comment below:

Totally right - GS set the standard this year and paid way over all expectations but this was certainly not the norm in previous years. Will be interesting to see if they continue as such. Given Solomon took office in 2018 and focused a lot of GS ' efforts towards the investment bank rather than their markets-focused products, it's not like he raised comp for bankers since he joined. But perhaps given the success of the firm this year and how competitive the market was expected to be this year he blew the doors out to make a statement. Just conjecture though

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  • NA in IB-M&A
Mar 19, 2022 - 12:16pm

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Feb 1, 2022 - 7:11pm
vinEB, what's your opinion? Comment below:

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  • Associate 2 in IB - Cov
Feb 10, 2022 - 2:19am

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