Starting a thread given bonus season and want to compare comp:
Bank:
Title:
Base:
Bonus:
Group:
I’ll go first:
Bank: BofA
Title: Associate III
Base: 120k
Bonus: tbd
Group: markets(IB)
looking for promo and big bonus given specific desk did well
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Based on the most helpful WSO content, here's a quick comparison for comp insights:
For Associates in Investment Banking (as of September 2023 data): - Average Total Compensation: $260k - Base Salary: Typically ranges around $125k for first-year associates, with some variation depending on the bank and region. - Bonus: Can range significantly, often between $180k-$240k all-in for associates, depending on performance and group success.
Your Base of £120k aligns closely with the U.S. figures when adjusted for currency and regional differences. If your desk performed well, you could expect a strong bonus, potentially pushing your total comp into the higher end of the associate range.
For further comparisons, keep an eye on bonus announcements across banks and groups, as they can vary widely based on market conditions and individual performance.
Sources: BofA raises junior banker base salaries by at least 10%., IB Associate Churn after 3yrs, Public Finance IB Bonuses, Thoughts on how BofA will handle their SAs?, https://www.wallstreetoasis.com/forum/investment-banking/bonus-season-comps?customgpt=1
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