IB/PE salaries on the rise?
I know that in the past few years comp has dropped for those who work in finance. It will probably be a long time before comp reaches the point it was before the 2008 crash. Looking toward the future, where will comp be around 2015-2016? I personally believe that it will bounce back somewhat but will not yet reach the bubble years. I'm speaking about BB ib and Mega fund PE.
I'm asking on behalf of those monkeys still in college. Is comp on the rise?
wishful thinking.
From a probability weighted stand-point with various economic and industry scenarios considered, I would not put my money on you making more money as a IB analyst/associate in 2015. Structural regulation, global de-leveraging and just too much finance talent supply will keep salaries low. There is exception for top performering banks, industry groups, teams, performers, etc. There will always be opportunity but, the average talent will not be making more than today from my perspective.
For all you college monkeys, focus on learning, partying and enjoying life. You can worry about salaries after you get your first job.
Can't really speak for the bb side, but I can for the elite boutique side. Their base salaries have stayed pretty solid. Same with the signing bonus.
However, with the bonus, you can see a ton of variation. I know that bonuses have been even, or even rising for many, but then there are a few drops across the board as well. Overall all-in comp IMO will probably rise a bit more, but negligible amounts, so think that the all-in numbers on M&I are about what you can see a few years out.
One thing about BB IB, recent results have shown that a hit on any side of a BB affects the IB departments (like kicking the bonuses down and/or major cuts). Sometimes, it helps to work for an elite boutique, which has a good name for PE or Business Schools, while there is less risk from the cyclic risk of BB.
However, if you are in college, just have a bit of fun. Work hard and everything else will hopefully fall your way.
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