Anyone know the base 1st and 2nd year analyst pay at Merrill Lynch, Bear Stearns, Lehman, and Goldman? I heard Merrill, Lehman and Bear all pay a haircut amount of 55k for first year and 65k for year 2.
However, can anyone confirm that Goldman and CS pay 65k for first year and 70k for years 2.
Thanks.
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is 60+10 for 1st yrs
so lehman bumped its 07 class from 55 to 60k. I guess 2nd year is probably being bumped from 55k to 65k.
Thanks iambateman.
CS current 1st years are at 60, 2nd at 70.
GS current 1st year is 60...not sure about second year
I guess some shops had 55k last year but clearly i think CS, GS, JPM, Wachovia, UBS had 60k so those 1st year will earn 70k for 2nd year. my friend at gs earns 70k for 2nd year. New analysts start at 60 0r 65 - need to be confirmed.
Those who paid 55 are moving to 60k this year, 2nd year (previous 1st year of course) will probably make 65k. Leh, BSC, BofA... I think ML too (need confirmation).
Thanks.
class of 2006: was originally 55k but was bumped to 60k for yr 1. yr two will be 70k.
class of 2005: 55k base 1st year, which would have been 65k 2nd year, but was bumped to 70k b/c of 1st year bump
2nd years always make 10k more than 1st years. Think of it that way...
1st years get bumped up every 3 or so years.
One of the guys here said he made 35k base as a 1st or 2nd year in 1994... I think around 2000 it was 50k (1st year) then 3 bad years im sure there was no raise then like you said 55k for 2004/2005 the standard for 2006/2007 is 60k. but in 2006 some still had 55k so these company's 2nd year will only make 65k. I guess the standard has a 5k variance which is normal.
ML, BSC, LEH and GS all pay 60+10 for first years and 70K for 2nd years. In fact, most firms pay the same except for certain boutiques and regional investment banks.
Usually when one bank makes a move in pay, all other follow.
How about BStone?
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