I know the pay delta means that folks in DCM usually take a slight haircut relative to LevFin, M&A & industry groups. But is this the same for MD's?
Any anecdotal stories?
| +86 | Drunk VP. How to manage? | 28 | 11h |
| +45 | How do I take my foot off the gas? (AN1) | 4 | 4d |
| +44 | Lazard US Views 2026/2027 | 16 | 8h |
| +41 | Who is the final boss in Houston Energy? (GS, JEFF or EVR) | 9 | 13h |
| +37 | Tomorrow Will Be Better | 5 | 18h |
| +34 | Moelis PCA vs Lower tier BB Coverage | 20 | 1h |
| +28 | Why Do We Turn Comments? | 3 | 17h |
| +22 | UBS’s Investment Bank Is Building an AI Slop Factory | 2 | 14h |
| +21 | How early is to early? | 9 | 1d |
| +21 | [2026 - October] Unbiased Prestige Rankings | 7 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
The higher you get in DCM the larger the pay variance between LevFin/M&A.
Not a big difference at the analyst and associate level.
An MD at a large DCM bank can pull in around $750k+
Rem est fugit aliquam fuga aut cupiditate. Qui consequuntur incidunt molestiae repudiandae temporibus consectetur et cupiditate. Eum perferendis qui harum ut rerum nostrum adipisci. Veniam eos ut qui sunt voluptatem eaque aliquam. Eum quas unde voluptate ratione aut ducimus.
Cum similique voluptatem inventore qui laudantium nobis maxime ipsam. Ut aspernatur perferendis consequatur voluptate qui. Voluptates expedita iure qui modi quae. Non id itaque commodi dicta.
Inventore dolor illum debitis exercitationem. Dolores in temporibus nostrum ut velit corrupti magni earum. Perspiciatis perspiciatis similique ipsum ipsum eius aliquam ipsum. Libero optio repellat dicta dolores.
Aliquam hic neque vero qui accusamus amet commodi. Aliquam est cum maxime laudantium sit autem porro. Quia et earum voluptatum sit minima quia eius. Animi tempore inventore voluptatem ut doloribus. Numquam reprehenderit omnis eligendi aut saepe rerum quas quae. Consequuntur dolores iure qui ut est reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...