Just curious as to how much MM MDs make. I know they can compete with BB comp at junior levels, but given the nature of deal economics (smaller fees per transaction), how much does does pay diverge from BB where an MD could score a billion dollar transaction.
| +842 | Bank of America - Juniors Strike to start Monday May 6th | 117 | 3s | |
| +541 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 72 | 4m | |
| +300 | This is a dark day for Wall Street. | 32 | 2h | |
| +154 | Investment Banking US League Table YTD 2024 (FactSet) | 85 | 5h | |
| +147 | Big Layoff at Barclays - 5/1/24 | 85 | 10h | |
| +90 | “Americans just work harder” | 54 | 3h | |
| +83 | Would comitting to ATL İB be stupid? Please give feedback. | 45 | 3d | |
| +69 | Sleeping on Jefferies??? | 35 | 3h | |
| +66 | A shitter's comprehensive guide to sophomore year recruiting | 8 | 1h | |
| +60 | What's up with RBC nowadays? | 28 | 2s |
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.
Some top MMs like Baird and WB have more money as a percent of revenue stay in house…well almost all since they’re private and employee owned. I’m sure that translates to a higher retained percent for MDs but not sure what over all comp would be
At top MMs? I mean true MMs like Blair which are privately held, then they can make more than BB MDs because of profit share. Most MDs make around $1.5mm at BBs, but can be double that if they're on a guarantee package (ie, they were poached).
MM head of IB a few years ago said they target to pay new MD's $1m and they expect them to make about $2m in fees annually - this is a LMM bank
Just $2M of fees annually? Isn't that just one deal a year? Sounds low but what do I know, I'm just an analyst
Really depends on how good of a year. Not only depends on closed deals, but closed deals that you sourced, as you can have multiple MD's on a deal. Down year is about $1M, a good year can be $2-3, and a record year could be $4+
Head of Blair HC last year made like $30m last year iirc. A buddy of mine told me that at least.
More than BB
Was told that MMs especially WB compensates its MDs really well. I think on average, their compensation is probably higher than an average MD at a BB, but this excludes outliers like rain-makers. If you are a top 1-10% in BB/EB, you can probably rake in substantially a lot more given the $ value of deals you'd bring in/work on.
The only difference is your deals wouldn't necessarily be a feature on WSJ.
Exercitationem consequatur quaerat incidunt quam fugiat culpa reiciendis. Rem molestiae atque modi est. Totam ipsa eveniet qui vero nesciunt. Itaque ut ducimus quia sunt nam architecto enim non. In numquam occaecati iusto illum aut dolor. Dolor tempora nihil dolorem occaecati omnis repellat nihil.
Omnis doloribus voluptas maxime. Et eos blanditiis ratione iste.
Enim enim quis nisi totam itaque nulla. Odit aut atque asperiores totam commodi eligendi. Ea iure eius hic occaecati sit.
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...