Truist Pay Bump

Truist increased pay across the Investment Bank, effective Jan. 1:

AN1: $100K

AN2: $105K

AN3: $110K

AS1: $175K

AS2: $200K

AS3: $225K

VP:$275K

Comments (89)

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Oct 27, 2021 - 3:41pm
Anonymous Monkey, what's your opinion? Comment below:

S&T should get a salary boost as well... still an opportunity to differentiate based on bonus. Hopefully they don't see a "brain drain" - a lot of unhappy people there now.

  • Investment Analyst in HF - EquityHedge
Oct 22, 2021 - 10:25am

They're living like kings in Atlanta.

Oct 22, 2021 - 10:37am
Big Banker Brand, what's your opinion? Comment below:

Anyone know if this is for all of CIB? Including corporate banking?

Array

  • 2
Oct 22, 2021 - 12:28pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

IS RBC the only one sub 100k now.  I know they were one of the first to bump,  but did they bump again?  

  • 3
  • Prospect in RE - Comm
Oct 22, 2021 - 12:49pm

With the lower COL in atlanta? damn theyre living life the right way

  • Intern in IB - Cov
Oct 24, 2021 - 11:18am

They also have an NYC office. 

  • Analyst 1 in IB-M&A
Oct 22, 2021 - 3:45pm

Stephens still below 100k for A1

  • Analyst 1 in IB - Cov
Oct 23, 2021 - 1:26pm

WLB was probably a lot better 3-5 years ago. Now realistically you're looking at ~75 hours a week (lot of it spent fuckin around waiting for comments), with the caveat that all your coworkers are super chill and accommodating, both day to day and with regards to PTO. First year working on 2 live deals (one closing soon other in 6 months) but have done 7-8 pitches.

Oct 22, 2021 - 9:48pm
high hopes, what's your opinion? Comment below:
Smoke Frog

Wow truist vp base the same as jpm/ citi/ BofA, how depressing…if you don't work for truist.

Yeah but imagine telling people you work for Truist and they just assume you're part of a religious cult or MLM scheme 

  • Analyst 1 in IB - Cov
Oct 23, 2021 - 10:42am

Know a guy who wanted a better WLB and left a top EB fo Truist. So, now he has a much better WLB and only a slightly lower salary. 

  • Intern in IB-M&A
Oct 23, 2021 - 3:50pm

I can see this, people on this website are fixated on top salaries/bonuses from EB's but none of that matters - it only matters how much you save. If you pay thousands more a year in taxes living in NYC and an insane amount more for the cost of living, your bank account is gonna be smaller than the guys in the south. 

  • Analyst 1 in IB - Gen
Oct 23, 2021 - 3:47pm

The Capital Markets groups are included in the pay bump. Not entirely sure about S&T though

  • Associate 1 in IB - Gen
Oct 24, 2021 - 3:28pm

ER & S&T should be included since these roles are lumped into Truist Securities' Corporate & Investment Bank. The base offered to analysts in ER/ST have been the same as IB and the bonus programs correlate with IB as well (albeit IB receives higher % of base). This is on par with the programs of other banks like JPM and GS

  • Intern in IB - Gen
Oct 24, 2021 - 8:14pm

Does anyone know if this will affect SA's? The offer letter was hourly so I'd say no but curious if anyone has insight.

Oct 25, 2021 - 8:28am
miliochie, what's your opinion? Comment below:

100k in Atlanta is like 135k in NY. Now Truist is the highest paid IB in America!

  • 3
  • Intern in IB - DCM
Oct 25, 2021 - 10:54pm

I think Citizens (not Bowstring or Western Reserve or Trinity, just Citizens) is 95k according to levels.fyi

  • Analyst 1 in IB - Gen
Oct 27, 2021 - 11:36am

Incoming analyst for summer 2022. Officially got an email raising base to $100k

Oct 27, 2021 - 12:02pm
luck of the irish, what's your opinion? Comment below:

2022 SA now have hourly pay of $48, subject to overtime pay as well (would be $72/hr). Seems like Truist is becoming the new JPowell giving out all this money lol

Most Helpful
Oct 28, 2021 - 9:16pm
Stockerball, what's your opinion? Comment below:

I would say MM. It provides a full range of financial/CIB services, and has a national /multi-industry presence; it isn't confined to a given region or industry.Mergers and Inquisitions considers it an MM (https://www.mergersandinquisitions.com/middle-market-investment-banks/) alongside Baird, RJ, and Houlihan-Lokey, while 10X EBITDA considers it a "leading MM" as well (https://www.10xebitda.com/list-of-top-investment-banks/). I think the consensus is that it is not among the most well-known MMs, but isn't regional either.

  • Intern in IB - Cov
Oct 29, 2021 - 3:20pm

Very well put. Like Wells in that it occupies a nebulous space. Does MM deals, but leads with balance sheet, which is a strategy you don't see by the MMs that typically come to mind given their build. I can't think of a ton of true comps, unless I'm missing some. 

  • Prospect in IB - Gen
Dec 18, 2021 - 4:16pm

Coming in as 2nd year at $105k. What should I expect as 6 month bonus? And, what to expect for full year bonus? Should I ask for any sign on bonus?

  • Analyst 1 in IB - Cov
Jan 20, 2022 - 12:22am

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  • Analyst 2 in IB - Gen
May 5, 2022 - 9:32pm

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  • Intern in IB - Cov
Jul 30, 2022 - 8:11pm

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  • Intern in IB - Cov
Sep 6, 2022 - 7:01pm

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