Pulse on EB Analyst Comp Structure
With 2024 coming to an end and significantly improved markets, what is the general pulse on analysts' comp compared to 2023?
Base: 120
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Based on the most helpful WSO content, the compensation structure for analysts at elite boutiques (EBs) in 2023 showed competitive base salaries and bonuses. For example, first-year analysts at BBs and EBs typically had base salaries around $110k-$120k, with bonuses varying depending on performance and market conditions. However, bonuses in 2023 were reportedly lower than in previous years due to market challenges.
With 2024 nearing its end and markets improving, it's reasonable to expect that bonuses might rebound, aligning with stronger deal flow and market activity. The base salary of $120k you mentioned aligns with the higher end of the range for first-year analysts. If the market continues to improve, total compensation (base + bonus) could see a notable uptick compared to 2023.
Sources: ER Compensation 2022/2023, EVR raises An1/2/3 base pay to 120/130/140, ER Compensation 2022/2023, Equity Research Compensation in Frankfurt in 2022, EVR raises An1/2/3 base pay to 120/130/140
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