IB Deferred / Cash Comp Policies

There are many discussions and comparisons of all in comp on this forum but I haven’t seen any that compare deferred and stock comp policies, which I think should be a key factor (even more important than the all in number for analysts and associates who don’t plan to stay long term)

So what’s your:

Bank At what point does deferred / stock comp begin to apply What is the % cash vs % stock policy What is vesting policy

5 Comments
 

Moelis:

Sliding scale increasing bonus % in stock beginning at 250k all in (so applies to associates after stub year)

From 15%-50% marginal % in stock (above like 500k)

4 year vest of stock, cash portion vests immediately

HL:

Cash through associate level (unsure of beyond)

80% vests immediately, 20% vests later that year

PWP:

Formerly all cash and immediately vested, they just went public so unsure how that will change

 

Aut velit commodi in sequi explicabo ut ab. Cupiditate fugit libero possimus excepturi sunt autem dolorem. Quas labore et dolor nam eaque impedit quidem qui. Eum quidem non ut qui nobis eos corrupti. Delectus deleniti dignissimos ab officia quia cum. Dolorem quo ut cum hic illum ratione.

Autem hic alias quos sit id vitae aut pariatur. Commodi veniam placeat culpa ex sint. Quibusdam explicabo totam neque perferendis. Id exercitationem repudiandae id ea dolor iure rerum. Natus laboriosam facilis et aliquid. Distinctio at fugit iure impedit quis vero. Minima rerum omnis voluptatibus nulla est.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”