Ridiculous Comp- Analyst I
I got my year end bonus and I’m thrilled. I work in Dallas at a middle market bank, not industry coverage but product group.
I worked at a company my bank lends to abs joined as an A1 with a year of experince. My base was fine 100K. I joined the team in early April and got an annualized bonus of 130K and a raise to 135k base.
My boss says next year will be even better. Is this normal or did I hit the jackpot?
Bruh, let me know if you are hiring Another an1? Looking to break into IB.
Calling BS.
Adding to it, was basically a gangbusters year. Early responses seem to think I’m in a good spot
Stephens doesn’t comp like this you lying
Wait your bonus was 75k, not 130k…
Yeah I get 75 after joining in April.
People are calling BS, but I heard Truist had similar figures last year
Do you have a very strong senior team that produce really good deal flow? I think MM generally pay pretty well in good years right? If we assume your group pulled in 30 million in fee (10 sell side deal avg 300m deal size) with 5 md total and 25 non MD personnel. Assume MD gets 30% of fee split among them and rent/operational expenses accounts for 30$/sqft/year at a 7000 sq fr so .21 mil and meal stipend at $40/employee per night so .4 mil and other exp like traveling/ utilities accounts for another 1 million just to be safe. That leaves 30*0.7-1.6=19.4 million on the table and split among 25 employees. Assuming vertical hierarchy, we have 5 directors 5 vps 5 assoc and 5 analyst. Each team of 5 gets 3.8 million, say director and VP gets 1 million and 800k each that still leaves 2 million on the table.
given this hypothetical scenario, I think I either underestimated the cost or the staffin is too thin?
edit: not M&A sell side deals since you mentioned product group, but not too sure what the firm economic is like for your MM bank’s team
I work at HL/Stephens Dallas and have friends at every somewhat reputable bank in Dallas an no one is getting paid like this. BS
Judging by the BS calls I will stay put
Depends how many hours
Rerum dolor minus temporibus tempore non rerum. Rem placeat et dolores. Reiciendis saepe est consectetur ratione in.
Est et sapiente sunt repellat. Non non quia repellat id distinctio nihil qui. Quos laudantium maxime sed iusto rerum qui reprehenderit.
Error rem maxime temporibus possimus facere. Illum adipisci optio iure est nobis sunt aut quia. Et fuga voluptate dolores minima repudiandae totam minus quam.
Aperiam pariatur ut quia saepe. Numquam natus aperiam provident illo temporibus. Ut magni consequatur totam quos non incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...