MM Pay Updates

After seeing a few updates on BBs and EBs increasing base pay for juniors, has anyone heard of MM adjustments as well? Would think that street pay would increase across the board but might be different for the MM banks. Any insights would be good to hear especially for WB, Baird, HL, Piper, RJ, etc. type of shops.

112 Comments
 

Appreciate the information +SB

Any insights as to what VP base looks like at HL? Do you happen to know if they raised for that level, as well?

 

Can concur for Piper…. 0 bones thrown this year except a stub bonus for 2nd years/associates (who got shafted last bonus). Piper brass seems to be oblivious to the negative feelings the juniors have, they’re blinded by the fact they’re doing well and few juniors have left so far.

They’ve made a bunch of missteps, like hiring two healthcare MDs in London without junior teams, forcing the other healthcare teams to take them on while already understaffed. I wonder if there will be an exodus after bonus season?

 

My bank has already had a high rate of attrition this year and guessing that a bunch of A2A promotes are going to leave the day after bonuses hit, given that we have gotten fuck all.  We have gotten 0 WLB or comp perks.  The MDs are having a banner year though, so who gives a fuck, right? 

I come from down in the valley, where mister when you're young, they bring you up to do like your daddy done
 

I believe RJ announced a $20k covid appreciation bonus for all analysts on top of year end analyst bonuses paid in June. Also an additional $10k to be paid out in december if you decide to stay on. RSU bonuses for associates and VPs. 

Can't comment on other middle markets though, but heard that Stifel is also doing the $20k covid appreciation bonuses

 
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