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85/55 for A1
So you think the comp is fair right now?
Yes.
More.
Got a number?
200k A1
Agree
Damn son. What should associates be paid then?
Street is 275-300K. So ideally 300K+
Isn't it hard to comment on the bonus piece of this? I mean by virtue of competition, bonus has to be variable, right? I think base should be closer to 100 (95-105 range) with the given that you are going to get crushed.
I used to be satisfied with analyst comp if not feel outright overpaid. Then you think about how much some associates (especially MBA associates) make for doing nothing but forwarding you work and you realize no amount is enough unless it's more than they're making.
I guess that is one way to look at it.
What do you think about separate pay buckets for post MBA and A2A?
I'm not trying to blanket hate on all summer MBAs. There are some that are frankly better than associates that lateral in that were A2As at their old banks. I think associates (and anyone else that's processing vs. bringing in business) deserve to have their pay pegged against their output:work delegated. Of course, I have no clue how banks could even begin to track that but what a dream.
An1 160
An2 190
Asso1 300
I think that's a pretty good comp progression. I really don't know why banks don't give more promotions quicker and just use senior and junior roles.
Depends on the City.
NY: 120-170k
SF: 100-150k
FL: 70-100K
Toronto: No idea
Texas: 70-100k
Denver: 65-80k
Etc.
This is one thing that kinda bugs me. Based on this logic all MM bankers in Minneapolis should be getting paid shit.
Why would comp matter based on geography. Deals are deals, fees are fees. Everyone’s working just as hard regardless of if they’re in Minneapolis or new york
At least the same starting TC as tech. So ~170-180 first year in NY / SF (excluding sign-on)
Probably most logical. I think IB loses a lot of its glamour if pay doesn't keep increasing.
Uh.. standard top tech offers are $120-160k. $170-190 is outlier territory.
Faang all in comp for first year software engineers comes out to 160-190. Check out levels.fyi
+1 SB. Wages are simply about supply and demand. As Tech roles increase pay banks need to as well. Really bankers should be getting paid more given the longer hours and more intense deadlines (and comp is more variable as well). Absolute minimum:
A1: 160
A2: 175
A3: 190
worth noting that the “elite” boutiques already pay this much and BB pay is not too far off.
Along this line, I also think comp should be less variable. BCG is offering over $100K a year guaranteed and other consulting firms are following.
Analysts should be getting paid 200K all in. Analysts get fucking smoked.
Have things cooled off since banks started becoming aware of what happened at GS?
No - please send help. We are in danger lol
My thoughts on all-in comp for top performers that are also very busy throughout the year at a BB or top MM:
A1 - $150k
A2 - $190k
A3 - $225k
That would be nice.
Base
A1 - $115k
A2 - $120k
A3 - $125k
ASO 1 - $200k
ASO 2 - $225k
ASO 3 - $250k
and what 50%ish bonus
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