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Based on the most helpful WSO content, here’s a breakdown of compensation insights for middle-market (MM) firms like Baird, William Blair (WB), and others in Chicago:

  • Associate 2 (ASO2): Midpoint compensation is typically around $125K base salary, with total compensation (including bonuses) potentially reaching $175K or more, depending on the firm and performance.
  • Associate 3 (ASO3): Base salaries can climb to $150K-$160K, with total compensation ranging from $190K-$200K at the top end.

Firms like Baird and William Blair are known for competitive compensation in the MM space, with strong deal flow and cash bonuses due to their private ownership models. However, specifics can vary slightly based on group performance and individual contributions.

Sources: B Riley, Blair, Stifel, Baird, Lincoln - Any Insight?, Chicago BB and EB Ranking, 2015-2016 salary & bonus discussion, 2015-2016 salary & bonus discussion, 2015 IBD Summer Analyst Comp

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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