[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- If your WSO title is outdated, just say “ignore title.”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.
[comment space reserved for eventual collated 2026 analyst bonus table]
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
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)
UBS out today
Bump aren’t we getting stuff today
Bump WF out today
UBS An2 to A1
Base 125k
Top bucket 105k
Promotion bonus 40k
BofA An1 Coverage
EM
$75k
Bumping
bump
BofA An2
EM
$95k
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