[Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits)
It's that time of year again, so I decided to start a 2026 analyst bonus thread so there is one centralized place to track numbers across banks.
Please try to keep this thread focused on actual datapoints, confirmed ranges, and useful context. Questions are fine, but the goal is to make this actually helpful for analysts, incoming analysts, laterals, and anyone trying to understand where their bank stands.
Specific bank names are strongly encouraged. Obviously do not dox yourself, but vague posts like “MM / top bucket / $70k” are not very helpful.
Please use the format below:
Location:
Bank:
Group / Industry: Specific Industry / M&A / RX / LevFin / ECM /
Analyst Year: AN1 / AN2 / AN3 / AN2 + A2A / AN3 + A2A
Ranking / Bucket: Bottom / Low / Mid / Upper Mid / Top / Rockstar / Not disclosed
Base:
Bonus:
All-in / TC:
A2A / signing / stub / promotion bonus, if applicable:
Leaving or staying: Staying / PE exit / Forced Out / etc.
Notes: Firm performance, group performance, hours, whether number is firsthand or heard, etc.
Example:
Location: NYC
Bank: JPM M&A
Group / Industry: Coverage
Analyst Year: AN2 + A2A
Ranking / Bucket: Top
Base: $125k
Bonus: $80k
All-in / TC: $205k
A2A promotion bonus: $40K
Leaving or staying: Staying
Notes: Group had a strong year.
A few asks to keep the thread clean:
- Please say whether the number is your own number, a friend’s number, or something you heard through the grapevine.
- If posting a range, please clarify whether it is a full analyst class range or a specific bucket range.
- If posting outside the U.S., please clearly label country / city / currency so people do not compare USD, GBP, CAD, etc. incorrectly.
- If your WSO title is outdated, just say “ignore title.”
Once there are enough responses I'll plan to collate the 2026 results in a reserved comment box below.
I also had Claude sift through last year's IB analyst bonus megathread, as well as some other WSO threads / Glassdoor pages / Fishbowl / etc. for 2025 pay numbers which it collated into a PPTX slide below to reference.
Additionally, I saw a great thread the other day on junior banker perks and benefits so I figured that it should maybe be incorporated here as well, as they add up to thousands of dollars in untaxed benefits at the end of the day that many of us value. Shoutout to whoever made it and hopefully more people contribute alongside this bonus thread. "2026 Perks & Benefits Megathread (Dinner, Uber, Travel, Gym, etc.): Which Banks Actually Take Care of Their Juniors?"
Lastly good luck to everyone, I have a good feeling about this bonus season.
Consolidating the figures reported in this thread and via DMs through August 9, 2026. Will update this comment as more figures are reported.
────────────────────────────
COMP ASSUMPTIONS
• AN1 base: $110k
• AN2 base: $125k
• AN3 base: $135k
• Reported base used when specifically provided
• All-in comp = base + year-end bonus, plus any promotion bonus noted
• Figures are in USD unless otherwise stated
• Ranges are shown where multiple datapoints were reported for the same bucket
────────────────────────────
REPORTED FIGURES
BANK OF AMERICA
• AN1 | Top | $110k base + $95k bonus = $205k all-in
• AN1 | Upper-Mid | $110k base + $80k bonus = $190k all-in
• AN1 | Middle | $110k base + $75k bonus = $185k all-in
• AN1 | Lower-Mid | $110k base + $65k bonus = $175k all-in
• AN1 | Bottom | $110k base + $45k bonus = $155k all-in
• AN2 | Top | $125k base + $115k bonus = $240k all-in
• AN2 | Upper-Mid | $125k base + $95k bonus = $220k all-in
────────────────────────────
BANK STREET (Digital Infra Boutique)
• AN1 | Top | $115k base + $155k bonus = $270k all-in
• Bonus paid semiannually
────────────────────────────
BMO
• AN1 | Top | $110k base + $70k bonus = $180k all-in
────────────────────────────
CITI
• AN1 NYC | Top | $110k base + $100k bonus = $210k all-in
• AN1 NYC | Top | $110k base + $80k bonus = $190k all-in
• AN1 NYC | Middle | $110k base + $45-50k bonus = $155-160k all-in
• AN2 NYC | Top | $125k base + $125k bonus = $250k all-in (staying)
• AN2 NYC | Middle-Top | $125k base + $95k bonus = $220k all-in (bank knew departing to buyside)
• AN3 NYC | Top | Assumed $135k base + $150k bonus = $285k all-in
────────────────────────────
DEUTSCHE BANK
• AN1 | Top | $110k base + $80k bonus = $190k all-in
• AN1 | Middle | $110k base + $60k bonus = $170k all-in
• AN1 | Bottom | $110k base + $20k bonus = $130k all-in
• AN2 | Top | $110k base + $100k bonus = $210k all-in
────────────────────────────
JPMORGAN
• AN1 | $35k stub bonus
• All AN1s reportedly received a $35k stub following the move to the winter bonus cycle; not directly comparable to the full-year bonus figures above
• AN2 | Top | $125k base + $120k bonus = $245k all-in
• Poster was staying; reported for the remaining AN2 class on JPM’s old summer bonus cycle
────────────────────────────
LAZARD
• AN1 | $120k base + $60-75k bonus = $180-195k all-in
• AN2 | $125k base + $75-95k bonus = $200-220k all-in
────────────────────────────
MORGAN STANLEY
• AN1 Regional Coverage | Middle | $110k base + $55k bonus = $165k all-in
────────────────────────────
ROTHSCHILD & CO
• AN1 NYC | Top | $120k base + $75k bonus = $195k all-in
• AN1 NYC | Bottom | $120k base + $50k bonus = $170k all-in
• AN1 Santa Monica | Top | Assumed $120k base + $80k bonus = $200k all-in
────────────────────────────
TD
• AN1 Coverage | Top | $110k base + $75k bonus = $185k all-in
• AN2 Coverage | Top | $125k base + $105k bonus = $230k all-in
────────────────────────────
UBS
• AN1 Product | Top | $110k base + $75k bonus = $185k all-in
• AN2 promoted to A1 | Top | $125k base + $105k year-end bonus + $40k promotion bonus = $270k all-in
• $40k of the bonus is deferred until later in the year
────────────────────────────
WELLS FARGO
• AN1 | Top | $110k base + $70k bonus = $180k all-in
• AN2 | Top | $125k base + $105k bonus = $230k all-in
• AN3 | Top | Assumed $135k base + $150k year-end bonus + $40k associate promotion bonus = $325k all-in
• AN3 | Middle | Assumed $135k base + $130k bonus = $265k all-in
────────────────────────────
OTHER REPORTED FIGURES
• Unnamed MM bank | AN2 | Top | $125k base + $75k bonus = $200k all-in
• Specialized Boutique | AN2 | Top | $125k base + $105k bonus = $230k all-in
────────────────────────────
FIGURES NEEDING CLARIFICATION
• Chicago | Lincoln / HL / PSC | AN2 | Top | $85k bonus
• Post does not make clear which of the three firms the figure refers to
────────────────────────────
TOTAL-COMP-ONLY FIGURES NEEDING CLARIFICATION
The following AN1 total-comp figures were posted without enough information to determine the split between base and bonus. Also note that they came from a single poster, so take them with a grain of salt unless others can confirm:
• Dyal | AN1 | $300k all-in
• AEC Advisors | AN1 | $260k all-in
• Tidal Partners | AN1 | $220k all-in
• Ardea Partners | AN1 | $235k all-in
see below for the collated 2025 analyst bonus data mainly from the WSO 2025 Analyst Bonus megathread along with a few other pages/threads. I also incorporated the perks and benefits rankings from this thread
"2026 Perks & Benefits Megathread (Dinner, Uber, Travel, Gym, etc.): Which Banks Actually Take Care of Their Juniors?"
Great use of AI by the way, and I don’t mean that sarcastically either
If you're uncomfortable posting on the thread, feel free to DM me instead and I'll make sure the info is reflected properly
Which banks have communicated numbers? BofA has not
Banks typically communicate in mid July-August and then pay out in the subsequent pay period
CVP top bucket is pretty far off
CVP AN1 bonus looks low because Centerview uses a December bonus cycle for everyone from analyst to partner. This means that first-year analysts get a relatively large stub bonus for a couple months of work but have to wait around a year-and-a-half for their first big megabonus. If you pro-rate the Analyst 1 December stub bonus, it effectively a 100-120K bonus on a full-year basis.
The only other bank that uses a December bonus cycle for analysts is William Blair, but as you see on the slide their analyst 1's get a tiny stub bonus of 22.5K
JPM switching to winter bonus for analysts
For real? Have the announced how bonuses would be paid to analyst 2’s departing for the buy-side in the summer
How accurate is bofa? I see a lot of people on wso say they pay like shit
Ironically, BofA has been known to pay their analysts great relative to the Street, but their associates and VPs get paid like shit relative to Street. no clue why.
any insight on Deloitte Corporate Finance pay
lol
Anyone have any idea how much the analysts at Tidal or LionTree made last year?
Does anyone know if FT Partners still has a $140k/$150k base for analysts 1 and 2? Have heard mixed things about if they still do or not. If not, what rationale did FTP give if any for re-lowering the base back to street? Also what did 2025 bonuses look like at FTP? Heard it was top of street.
Hopefully someone else chimes in about 2025 bonuses as I GTFoutta there by then but regarding the base nah it's back to 110/125 I believe, forget the exact rationale they gave for lowering it but the whole reason they did it in the first place was that they had an incredible 2021 and were riding high and figured that things would forever keep going up and up, so they increased the base to an industry high to help with their horrific retention amongst analysts, but then 2022 was a horrific year and they even ended up cutting 30-50% of the analyst 1's by December, solely based on if you were staffed on a live deal or not, very scary stuff.
Any idea when numbers are going to be released for most banks?
It’s late July / August. This thread was created very prematurely.
Bump
is this the week we’ll start to see banks trickle out numbers for analyst bonuses?
Likely next week / week after. Cadence is typically 1-2 weeks before numbers would be visible on your payroll software.
Smaller boutiques:
Dyal AN1 $300K
AEC Advisors $260K
Tidal Partners $220K
Ardea Partners $235K
What is base?
Is this accurate
are these total comp? or bonus #s? 1st or 2nd year?
Bump
Most banks haven’t paid bonuses yet so would wait before bumping
Bump..BofA knew last year around this time
BofA numbers out this Friday (July 24)
July 25 is Saturday, pls fix
oh my god qatalyst
Surprised that no numbers have come out by now.
Seems p slow this year, weird
My MM won’t find out until interns leave (first week of August)
[
Bump aren’t we getting stuff today
Bump WF out today
UBS An2 to A1
Base 125k
Top bucket 105k
Promotion bonus 40k
Confirming these numbers. Huge variance in pay for UBS analysts.
Confirmed. Base salary has been lowered for those staying.
How is UBS TC for An2 so high despite the firm doing nothing? That's 270k (125 base + 105 bonus + 40k promotion bonus). Some PE firms don't pay this much for associates, even those that are sweaty af. Banking is such a better career path for optimizing early pay, the job just sucks so much more.
BofA An1 Coverage
EM
$75k
BofA EE bonus? Ana 1. Does anyone know?
Can anyone confirm BofA buckets in one note?
Bumping
bump
BofA An2
EM
$95k
That's less than last year? Surprising
Analysts get bigger bonuses than associates at BofA
.
WF
AN2
105K
Top
BofA AN1 Coverage
ME
$65k
Can ppl also share hours worked on average throughout the year to get a better sense of $ / hour and how much effort needed for top bucket?
Dork-ahh comment
TD AN1/AN2 Coverage
75k/105k
Top Bucket
BofA An2 Coverage
EE
$115K
UBS An1 Product
Top bucket, 75k
WF An1 70k top
BofA AN1 MM $45k, kinda pissed off
UBS, AN1, 75k, Top
Bro I need to work at WF what the hell
Paradise
Del
Top bucket?
Yes
BMO
AN1
~$70k
Top
How are bonuses at Scotia looking? heard rough things
Elaborate please; started here recently
Heard Santander paid ~100% can anyone confirm this?
That is 220k all-in for first year wow. Higher than EBs
WF analyst 3
130k mid bucket
WF is paradise
that is crazy. brings all-in close to 300k factoring in aso promote? how was top bucket?
BofA An1 Coverage
EM
80k
How much was EE for first years and how does that compare to last year? heard EE last year was 85
from what i’ve heard they’ve kept it the same
.
When does DB report?
Next week
HL in August
Bump
Any idea when MTS announces #s?
Does anyone know how if MTS pays there analysts well? Haven’t been able to find anything since 2023, even though that was like a super record year for them and they paid the highest. Also how are their perks and benefits.
AGC Partners?
what is this?
WF An3
$150K - top
$40k asso promo
Nuts
lmao what the fuck maybe WF really is Paradise
Does WF have a 2 year or 3 year analyst program? If it’s 3 years do they allow some to promote early?
What were hours like? Better than BB?
anyone got macquarie?
Mac pays in Feb but will be trash like always
what has it been like historically :(
When does Goldman Sachs communicate? Interested in seeing the numbers
Digital Infra Boutique
An1
Top
Base 115k
Bonus 155k (full-year)
Total 270k
Note: bonus paid semiannually
Name of shop?
LARP Partners
bankst...?
Truist numbers?
bump
When are the major heavy hitter banks coming out with #s? The big boys like GS MS EVR Citi MOE Jefferies
JPM on different cycle so N/A for this payout cycle. ANL 1s all got $35k stub which is not bad implying for a $70k A1 as mid-bucket which should be top of street for a bulge.
Jefferies pays way below street lil bro sorry to tell you that ur bonus gunna be shit
For what it’s worth, heard JEF actually paid really well today. Numbers are coming out now.
Solomon numbers?
bump
Bump
bump any GS/MS/JPM numbers? heard will be out end of july...
JPM no longer on mid year
v
Anyone know JPM numbers
What are JPM numbers and are they differnet for those staying vs. leaving?
Deleted
These BB bonuses are insane, are EBs seriously gonna pay better than this?
When are most banks releasing? Thread feels light for now
New York
Citi
AN1
3/3 (middle bucket) 45k
What was top and upper-mid for your group? Are all groups out?
any word on GS or MS?
Regional Coverage
MS
Middle Bucket
$55k
AN1
Solid given that top bucket last year was $60k. signs of a market recovery? Are all numbers at MS out? Thread feeling light
All numbers should be out for MS, assuming ~10-15k band between buckets based on my conversations - pretty happy with the number but given the year MS has had so far was expecting a tick or two higher
Anyone UBS London? Hearing 45-50k for an1 but that sounds very high
this is accurate
Citi
NYC Coverage Group
Analyst 2
Rating 2/2 (upper mid / top)
Bonus $95k
They knew I was departing for the buyside so pretty happy with this outcome.
Good #s. did you leave on June 30th or stayed extra month?
this is cap. How a 2/2 get paid 95 but 1/1 anal 1 gets paid 80. horseshit lying lol. 3/3 is in line w Citi
Should it have been higher? Thats why mentioned they knew I was leaving for the buyside. Last year as an AN1 I got just under 80. You also get bucketed / ranked with AN3s as a second year which is annoying
Anything on DB?
A1 top ~75k, A2 top 100k+
Citi
NYC coverage
1/1 top bucket, staying for A2A
125k
AN3?
ANA2
What was 1st year 1/1?
Yeah, and 80k first year
does this include asso promotion bonus?
No that’s a separate 40k
Any EBs release comp figures?
Moelis got theirs / getting theirs this week
These BB bonuses are wild. Rip my MM guys / gals
Anything on GHL? Or are they not summer cycle?
Citi Coverage
NYC
AN3
1/1 (top bucket)
$150k
What’s your base?
AN3 base is $135k
DB coverage, AN1
Bottom / Mid / Top: 20 / 60 / 80
Chi
Lincoln/HL/PSC
AN2
Top
$85
Any clarity on typical AN1 and AN2 bonuses for Lincoln?
Can we get some EB #s they must be out by now
when does gs come out? need more MS numbers also. Right now, seems like Citi is highest-paying
DB
London
An1
£46k top
Citi
NYC M&A
AN1
1/1 top
$100k
Sentiment is great across the firm. People are happy #s higher than other BB M&A groups
Saw some dude earlier post $45k as mid-bucket An1, don't think he has great sentiment lol
Can any other Citi 1/1 folks chip in here?
consolidated bonus numbers have been updated as of 8/9/2026. these are the firms that we had bonus figures for this time last year, but haven't heard anything yet in this thread for 2026.
Believe Truist was 60k for mid bucket (base is 100k for AN1)
Heard one group at Truist was 16k for their AN1s though, those poor souls if true
Moelis numbers are being given out this week... same week as when we get the paycheck. Fishy
Another year of 170k?
Haven't seen anything for Barclays or GS
GS An1 Classic HK | $120k base + $80k bonus | Top Bucket
since when did GS up base?
Diff region
did they announce last week?
That is crazy bonus for HK. Heard HK base should be higher tho closer to $1M HKD. Think some other banks giving out $130-140k as base but your bonus is high
What are standard bonuses for GS/MS/JPM in HK?
JPM, An2, Top, leaving, 125 +113
Heard GS will start delivering at 2pm
Bump on GS. The greatest bank ever to report
Hearing MOE top bucket analyst 1 at ~$80k… how are EBs paying less than BBs?
Did they do the big spread per usual? Like $40-50 for bottom, $60 for mid
I’m at NYC MOE. I think I’m mid bucket (they didn’t disclose but I’m def not top but also not bottom; I’d guess upper mid). But I got 75K as Analyst I
Highest # in my group I think is at 90K
Moelis AN2 top is ~100 it seems
This is significantly lower than top
BofA London - An1 - mid bucket - £50k - coverage
GS An1 classic range from bottom bucket to low end of top bucket is $20k-$60k (7 known data points). Very best performers likely a bit higher.
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