24 Comments
 
BTbanker1st year analyst -- NYC 70k + 55k 1st year associate -- NYC 100k + 80k

what about the LA/SF offices? do non BB firms like HL change bonus buckets based on location? or just the production of that office? or production of that group? Curious here...

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
 
AnalystMonkey2769
BTbanker1st year analyst -- NYC 70k + 55k 1st year associate -- NYC 100k + 80k

what about the LA/SF offices? do non BB firms like HL change bonus buckets based on location? or just the production of that office? or production of that group? Curious here...

I'm pretty sure the pay is the same coast to coast. HL pay is comparable to BBs, but the hours are brutal.
 
neon green
BTbanker1st year analyst -- NYC 70k + 55k 1st year associate -- NYC 100k + 80k

Is this for corp fin or restructuring? or both?

im pretty sure RX pays more than corp fin (FAS pays the least obviously though lolll) in terms of bonus AND base

HL rx also gives all rx bankers meal allowance for lunch AND dinner loll pretty badass if you ask me, you have like no daily expenses haha (exaggeration obviously) but this also comes with some of the worst hours on the street being in rx

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
 
BTbanker

1st year analyst -- NYC 70k + 55k
1st year associate -- NYC 100k + 80k

Is the 100k base for stub (assoc 0) or associate 1?

 
zambro19

Is the 100k base for stub (assoc 0) or associate 1?

lifeofpurpose

because 190k total comp seems low for ass1

Did you guys get any answers/updates on these figures? It seems like these days RX pay is below M&A obviously because of the way the deal environment is. But it also seems that the hours aren't any better than M&A. So less pay same work?

 

HL RX analysts work hard but the people are great and fun to work with.

I don't think HL Corporate Finance bonuses are on par with street but everything else is (base and sign on bonus). HL Corp Finance is also known for brutal hours, but that's because they are severely understaffed.

HL RX pays on par with street but expect to work hard. what BTbanker says 9am-1am 7 days a week is pretty much right. I know from a good source that an analyst worked everyday (including weekends) for 9 months, he could not take off for thanksgiving, nor Christmas, nor new years.

 

also note, i know some SA that were in their LA office and they consistently were working 80-85hrs/week- and thats as a SA which is supposed to be there just as long/if not more than FT 1st year analysts

maybe dealflow was shitty but regardless 80/85hrs/week is NOT a sweatshop (this is corp fin side though and M&A team....M&T team at HL is much better and receives higher bonuses than M&A group/has the lunch allowance that RX guys have but also have 90-100 hrs work weeks too

rx/M&T at HL LA is the way to go if you ask me.

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
 

Dumb question probably but what do you mean when you're saying M&T? Why would they receive a higher bonus than M&A?

As always, thanks for the info and patience for the newb question.

 
Beanyeyes5Dumb question probably but what do you mean when you're saying M&T? Why would they receive a higher bonus than M&A?

As always, thanks for the info and patience for the newb question.

just from what i heard when i interviewed with their group for SA...M&T is their media and telecom group

but HL's M&T group is unique in LA that it is really 4 verticals in 1: media, telecom, entertainment & gaming

this group actually does A LOT of execution, financings and even some restructuring/debt related work which is awesome because u get that exposure even without falling into the rx group

its also a group of like 15 bankers (MD to analysts) all in that group so you get a good amount of contacts directly within your direct vertical which is rare with some of the other groups @HL which might only have like 7-8 guys

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
 

Comp for a class of 2011 CF associate was 100k+90k prorated stub (~67.5k due to March pay date), which is at least "on par with the street". Also salary went to 110k (which may be a bit below street, though I heard some BB don't always follow the 125k raise).

Rx associates were paid on the same scale as CF this year. I believe they typically get higher bonuses, but CF had a stronger year and thus brought them inline.

 
Best Response

so, this is for ass0, not ass1

because 190 total comp seems low for ass1. I mean, that is identical to MC at MBB, isnt it?

BB Kool-aidComp for a class of 2011 CF associate was 100k+90k prorated stub (~67.5k due to March pay date), which is at least "on par with the street". Also salary went to 110k (which may be a bit below street, though I heard some BB don't always follow the 125k raise).

Rx associates were paid on the same scale as CF this year. I believe they typically get higher bonuses, but CF had a stronger year and thus brought them inline.

 

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