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 ?
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Centerview
Banks that pay more than typical “above street EB” are Centerview, Qatalyst, LionTree, Dyal, Ardea.
Qatalyst pays like shit compared to the ivory towers of CVP. LionTree and the others don't even come close to CVP/PJT.
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)
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.
Deleted.
No one is being a dick, you’re just mad we ended up at the same place even though I come from a non traditional background. Hold this L
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.
You're really fucking weird for going so hard at some undergrad kid trying to get a job.
Look at the diversity kid bragging haha
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.
You are diversity dude, wtf are you talking about lol. You guys are basically selected for a position before you interview
Go to Lazard or Moelis. You need a sweatshop to beat that arrogance out of you.
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.
its really strange how bothered these kids get by others trying to better themselves. Literally had no impact on their lives yet they still come on the forum to bash the kid.
Lots of smart, ambitious people running around WSO with the most fragile egos
Cap
I hear Tobin and Co. is currently paying the highest.
Came here looking for comp benchmarks and got class warfare instead. Never change WSO
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.
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.
Note: I’d put PJT at 3 since I believe they may have raised recently or plan to (also fat bonuses).
Lol you know outside of this year's stellar bonuses, GS has historically been one of the lowest paying BBs right?
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