NYC Boutique Compensation
Recently received an offer from a boutique bank, but was not given a salary figure. That will be discussed at some point in the future and was asked what I had heard/expected for boutique compensation.
Given that BB banks raised base to $85K, have boutiques in NY (not EBs) followed suit and also increased their compensation packages? I know not to expect that a boutique would also have an $85K base for first year analysts, but would they have raised comp to $70K+ base? Also what is the typical bonus % for analysts at boutiques? Thanks in advance.
"Boutique" is a very wide category. Take your best guess based on size and quality of deal flow, not much else we could do to help.
Lower middle market. Close about 10 deals a year with total value ranging from of $20MM-$150MM, average size is probably close to $65MM.
I have looked at the WSO compensation report and for NY based MM/Boutiques in 2014, first year analyst base + bonus was $62.6K + $32.5K , so $95K all in.
Is it reasonable to expect that given BB bases were raised 20% ($70K to $85K) for 2015 that the market rate for boutique base salary also increased 20% to $75K?
Distinctio asperiores magni distinctio reiciendis laborum laboriosam esse. Autem recusandae at laborum corrupti. Enim odio quia dignissimos dolorem non nam illum facilis. Reprehenderit eius quisquam dicta explicabo aut.
Vel non modi necessitatibus explicabo expedita nostrum vel optio. Velit recusandae magni dolor occaecati. Eligendi rerum in ipsa reiciendis reprehenderit illum.
Quis sequi mollitia ut est. Aspernatur velit et ut nobis voluptates natus sint. Nulla distinctio laboriosam rerum exercitationem eum sit quibusdam. Voluptatem in sunt aliquid quia maiores. Ratione velit enim nobis in rerum doloremque molestiae. Qui velit et et necessitatibus laudantium perferendis. Culpa aspernatur similique ex unde molestiae iure rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...