PJT Assoc Base up to 300k
According to litquidity.
Source says it’s the same for CS but I really doubt that’s true. Base now in line with CVP’s.
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CS? Lmao didn’t they cut a lot of people?
But damn Evercore and Moelis need to step up their game
Can anyone at the firm confirm?
No chance that’s real
True for PJT but no way that is true for CS
Confirmed for PJT?
Is this confirmed?
Why would PJT re-up base to 300 when they already raised to above everyone else at 250?
To match CVP. My guess is the message Lit posted, the person meant CVP but put CS.
I wonder if LAZ, EVR, MOE are going to match.
Looks like user above confirmed it’s true for PJT. Still waiting to see if CS is real? Or typo lol
I would be surprised if LAZ, EVR, MOE let CVP/PJT pay 100k more base salary for the same position.
I think CVP was always considered an outlier and no bank openly competed with them in terms of comp at junior level, but with PJT raising now to match them (assuming IF its true), the lines become blurry since at some level, PJT/EVE/PWP/MOE/LAZ all compete for the same talent.
This is going to be interesting for sure, but I can also see EBs coming up with "excuses" (impending economic slowdown, we look at total comp as opposed to fixed salary, etc. etc) as a way to delay things out until the year end.
Is this even confirmed
Crazy if true. This is more than VP and D base at my Canadian bank
That's insane to me. I know MM banks that pay a $250K salary for MDs.
Unless it reflects a structural change within comp whereby the majority of total comp is paid out via salary and bonuses are much lower as a % of total comp.
Also possible banks are sick of the brain drain and the structural change is juniors getting a bigger piece of the pie. But that’s an optimists point of view
I doubt most junior MM bankers (ofc there are exceptions for certain banks) are working nearly as many hours as these EB. Also, I may get MS for this but I do think some MMs are better structured to develop career bankers vs EBs. Especially MM platforms that are full-service.
actually deleting my comment because you already acknowledged there are exceptions. Although I’d guess that it’s not a majority of MM groups that are chill. Any reputable MM group with PE exits is busy
Has anyone heard for sure that PJT is going to 300k?
What ab Goldman raising analyst1 bases to 200k? No way that's real
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