MM & Boutique IBD Compensation

Anyone else here joining a middle-market firm? Coming from a "semi-target" type school, I ended up accepting an offer from a MM firm based in San Francisco. If anyone is in a similar situation (in SF, NYC, Chicago, or elsewhere), can you shed some light on your analyst compensation packages? It seems that analyst compensation at MM firms ranges pretty widely from on par with BB's to as much as $15k below for base-salary. My offer was $50k Base + a handful of stock options. I'm just wondering how this compares to other MM firms (or boutiques)...

6 Comments
 

65 base in NYC for a MM firm. NY MM firms generally pay 10-15k above SF MM's because NY hours are generally more and there are so many NY MM's, salaries have to be competitive so people dont walk.

I would love to hear what others at MM's in SF, NYC and Chicago are making.

 

Explicabo consequatur et illo. Ratione dolore aperiam est et cum ut. Suscipit ad possimus ab ad voluptatem eos non. Adipisci quia laborum qui illo quos aut et quidem.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”