I'm super sorry if this is a dumb question. I'm the first in my family to attend college, currently a freshman at a top 10 college. After searching the forum I could not find a clear answer. I believe both are $85K base salary? Unsure about bonus. And I think, but not totally sure, hours are better at an EB? Thank you.
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Generally better pay (except for like Lazard) incoming EB 1st year, expecting about $170-190k pay all in, I'd assume my friend at BB (JPM) is expecting around $160k. (assuming of course the economy holds)
Thanks! Holy crap, we're talking first year out of undergrad?! Is that JPM bonus, essentially doubling salary, standard or an anomaly? Also, there are far fewer EB slots, right?
Thanks to all on this site - it's provided a lot of foundation info.
Yeah first year out of undergrad at the age of 22. Yeah my EB pays $95k so bonus is about 80% ish give or take. I believe BB still pay on the $85k scale + $10k signing bonus so therefore its about $45-60k actual bonus. Although I heard some BB pay stub bonus and I have no idea how that works.
And yes, there are fewer EB slots, my analyst class is about 15ish kids total (NYC) whereas I know for JPM their FIG group itself has 20 incoming analyst. I do believe though the quality of the student is the same for top EB and top BB just matters on what your preference is.
Don't EBs pay higher signing bonuses as well?
EBs usually give higher pay
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