11 Comments
 

This is generally accurate for full-time bankers, although comp is supposedly being tweaked to be a bit more in line with market (more towards year end bonuses and less tied to individual deals closing). One of their associates did get paid $1M(!) when the comp was heavily skewed toward deal closings.

Peak mainly takes 6-month interns, not summer interns. Interns get paid a salary and do not have any comp tied to deal closings as far as I know. Interns mainly focus on sourcing for Peak's business development bankers, but they typically get some reps on execution as well.

 

See Tech Banker's comments below. This is what I heard as well.....

"This is generally accurate for full-time bankers, although comp is supposedly being tweaked to be a bit more in line with market (more towards year end bonuses and less tied to individual deals closing). One of their associates did get paid $1M(!) when the comp was heavily skewed toward deal closings.

Peak mainly takes 6-month interns, not summer interns. Interns get paid a salary and do not have any comp tied to deal closings as far as I know. Interns mainly focus on sourcing for Peak's business development bankers, but they typically get some reps on execution as well."

 

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