What has been your total compensation progression in your career?

Found this post on Blind

Does finance have a similar TC progression (80k to 575k). To me, this seems very fast compared to IB.

Definitely faster than CorpFin roles, as I've googled.Assuming one has similar career trajectory as described in the picture.

Edit: Sorry, picture didn't upload. Reloaded:

Comments (204)

May 21, 2022 - 10:44pm
Arroz con Pollo, what's your opinion? Comment below:

I don't see a picture - what is the role / industry you are referring to in the post?

I'm in corporate finance and went from low 50's to low 70's to low 6 figures (6 figure base, also am getting bonus). This was 3 different jobs in 3 years.

If I can snag equity within the next 3 years and the company IPO's then I could come out pretty well. Promotional track is fast so hoping I can get annual promotes.

I have not worked in banking, but a career could be 2 years as an analyst ($140k, $160k), 3 associate ($275k, $325k, $400k), then 3 years VP ($450k, $500k, $550k). The numbers can vary depending on where you are at - I know my friends at banks last year got paid more than usual, and you can see this on WSO as well.

May 24, 2022 - 1:38pm
Sequoia, what's your opinion? Comment below:

Sheesh, how do you get $550k in corp fin by your mid-30s? Feels really high

Also what do you do in corp fin? I ask this genuinely as a person that has no idea, is it mostly cash flow / NPV stuff?

Most Helpful
May 22, 2022 - 12:23am
PM -HF, what's your opinion? Comment below:

I started in PE post GFC and now work as a PM at a HF. Comp trajectory:

Y1: 150k

Y2: 200k

Y3: 280k

Y4: 300k

Y5: 350k

Y6: 420k

Y7: 550k

Y8: 1.65M

Y9: 1.07M

Y10: 2.67M

Y11: 4M

Y12: 3.6M

  • Analyst 1 in IB-M&A
May 22, 2022 - 2:16pm

"Great" LOL

  • Investment Manager in HF - Other
May 22, 2022 - 5:34am

While it seems unlikely (when compared to the average path) it is in line with a good/steep trajectory in the PE/HF world (the latter part of the comp). I have seen (and experienced) large increases similar to above in the HF space. If you can get to some of the senior levels (or if you can be directly tied to PnL) there is serious competition and comp pressures (and if you are tied to PnL you can have very big years). My comp was very slow moving early on (different industry to start, then a junior person at a fund) and when I started really outperforming my peers it jumped very quickly, so my years 5-10 in my career were completely different (rate of change) than years 1-5, where it is usually the opposite (fast percent increases early on and then flatten out)  

Again, if you look at this relative to what average is, then it looks out of line. No idea whether this person is full of it, but you are going to get selection bias on these threads. 

May 22, 2022 - 11:15am
Premia, what's your opinion? Comment below:
edog

I started in PE post GFC and now work as a PM at a HF. Comp trajectory:

Y1: 150k

Y2: 200k

Y3: 280k

Y4: 300k

Y5: 350k

Y6: 420k

Y7: 550k

Y8: 1.65M

Y9: 1.07M

Y10: 2.67M

Y11: 4M

Y12: 3.6M

My dude if this is real, you're crushing the game

Array
  • Business School in CorpStrat
May 22, 2022 - 7:04pm

Amazing.

Size of firms? Comp sounds like you have worked at large firms. If true, props for lasting that long. The few people I know who were at UMM/MF, I can only think of one person who lasted beyond 10+ years. Most leave these type of firms due to burnout or they are counseled out/limited room at the top due to office politics etc.

May 27, 2022 - 2:07pm
NFG1111, what's your opinion? Comment below:

Whoa, I'm at year 7 and have generally followed the same trajectory as you, maybe a little higher in the Y4-5 area. How did you make that ginormous jump in Y8? That's a serious lifestyle change at that point. As background I did 2 years as an analyst at a BB and am now doing PE at 16Bn AUM fund. 

May 27, 2022 - 2:32pm
Acro, what's your opinion? Comment below:

Is this comp. trajectory accounting for performance incentives? 

  • Associate 2 in IB-M&A
May 31, 2022 - 12:49pm
PM -HF

I started in PE post GFC and now work as a PM at a HF. Comp trajectory:

Y1: 150k

Y2: 200k

Y3: 280k

Y4: 300k

Y5: 350k

Y6: 420k

Y7: 550k

Y8: 1.65M

Y9: 1.07M

Y10: 2.67M

Y11: 4M

Y12: 3.6M

Fuck you deep in your pass-index underperforming asshole. 

  • VP in Legal
May 24, 2022 - 4:10am

Thanks! Do you feel comfortable discussing any details on pre & post MBA industry/roles and school?

  • Associate 1 in CorpDev
May 22, 2022 - 12:06pm

This trajectory is within corp dev and working at three companies. Most of the later progression happened in NYC.
 

Year 1: $60k

Year 2: $65k

Year 3: $135k

Year 4: $150k

Year 5: $155k

Year 6: $185k + $10k equity (speculative)

As for my expectations, I expect comp to be extremely variable and lumpy from here on out. Next move up could be $220k to $400k cash comp with salary plus bonus without any equity considerations. I'll definitely be making more changing companies unless I get some outsized amount of equity at my current company with my next promotion. If that doesn't happen, then I'll look for another role. It can suck moving around to different companies but this is the game for corporate careers. It's not like my company isn't paying well but for a number of reasons, outside hires tend to be paid more at almost any firm.

  • Associate 1 in CorpDev
May 24, 2022 - 3:46pm

I'm around the senior manager level. Actual title is way too specific to name. My comp is not crazy high in NY. A lot of companies pay significantly more at my level.   I'd say my comp is in the middle or slightly above market.

May 29, 2022 - 8:36pm
roger__sterling, what's your opinion? Comment below:

Thanks for sharing - it would be helpful context to know roughly what sized firm you're getting these numbers at

  • Associate 1 in CorpDev
May 29, 2022 - 11:28pm

i would not necessarily focus on the size of an organization for pay correlation. It has very little to do with comp unless you are talking about early stage startups, pre-seed to series B, where you can probably expect lower cash comp almost always. I went from a large multinational company with 50k+ employees to a 1500 person mature startup to a series C startup with around 100 people. 

  • Analyst 1 in PE - Other
May 23, 2022 - 6:34pm

Went from an analyst at an independent sponsor to equity partner once we raised a fund. Got paid pretty low for years but stuck it out.

May 22, 2022 - 7:36pm
boss19, what's your opinion? Comment below:

Congrats on the career progression. I'm curious if you could share how the hours have changed over the years and if you were ever interested in pursuing buy-side roles

  • Associate 3 in IB-M&A
May 23, 2022 - 1:33am

Hours have gotten slightly better but control over my hours and being able to plan my days out have become significantly better

Decided to stay in banking because I enjoyed my team, overall liked how the first couple years had gone and did not view finance as something I wanted to do forever. So figured I'd make as much as possible over the next ~5 years then leave, and banking is what would let me do that. I did talk to a number of analysts that I had started with (i.e. 2nd and 3rd years when I was a 1st year) who went to the buy-side, and I felt banking was a better pathway for my current interests and goals

May 22, 2022 - 7:45pm
IncomingIBDreject, what's your opinion? Comment below:

He became lead engineer at one of the best firms after 6 years. It is definitely not typical for tech. Also worth noting that Y1 was in Utah while the rest of his roles were in Cali so I would not use $80k as the starting figure.

Array

  • VP in PE - Other
May 23, 2022 - 10:07am

Not in the US but will convert using approximate FX rate at the time (values below in USD). Some information is purposely omitted to protect my identity.

Y1: $60k

Y2: $120k

Y3: $120K

Y4 (MF PE): $280K

Y5 (MF PE): $320k

Y6 (SWF): $390K

Y7: $430K

Y8: $515K

Y9: $440K

Y10: $615K

Y11: $900k (edited)

  • VP in PE - Other
Jun 22, 2022 - 5:46pm

Could you talk abit more about why you decided to transition to a SWF post MF PE? And how have you found the investing experience so far vs MF PE?

Sure. I decided to move out of MF PE as I had no interest in pursuing an MBA in the US or Europe, which was a requirement to progress my career to the VP level at the PE fund. Most others MF PEs with offices in my country asked for that but the SWF I work for did not have that requirement. I also considered some MM and LMM PE funds but the offers could not compare to the SWF in terms of deal flow, capital to invest, brand name and compensation. I was motivated to join as part of a new division growing rapidly in my region and globally inside the fund. AuM in the division and in my regional team grew by 3x and 5x respectively since I joined, while maintaining very healthy IRRs.

The direct investing process now is very similar to what I did before at the MF, although I am in a very different sector. Nevetheless, the internal approval process is quite different and the organization itself moves more slowly. I have been enjoying it though, people are much more friendly, hours are super reasonable unless when in a live deal, but even then rarely work more than 70h/weeks and can't complain on compensation. No carry though, which stinks, but you can't have everything in life.

May 23, 2022 - 10:40am
surfinfatdeals, what's your opinion? Comment below:

Year 1: 60,000

Year 2: 62,750

Year 3: 63,037 (pissed off, started job hunting)

Year 4: 100,000 + bonus (new job in boutique IB)

Should have gone to IB at the start. I was scared of the lack of work life balance so I decided to choose working at a Big 4. Behold, I still had to work long hours and I wasted 3 years of comp opportunity cost that could have saved me up a house deposit.

May 23, 2022 - 11:26am
Deter6895, what's your opinion? Comment below:

Y1 (post undergrad): 70k

Y2: 77k

Y3: 110k

Y4: 150k

Y5: 175k

Y6: 250k

  • Prospect in IB - Gen
May 23, 2022 - 12:26pm

Y1- 5 dollars/hour 

Y2- 15 dollars/hour

Y3- 15 dollars/hour

  • Associate 1 in IB - CB
May 23, 2022 - 3:23pm

Went from enlisted military getting around 50k, to business school, to back office getting a hair over 100k all in for a job I hated and had zero long term growth potential in, lateraled to CB late last year and expecting full year all in comp to be in the 175-200k range, all in about 5 years. 

May 23, 2022 - 4:08pm
Vertigo, what's your opinion? Comment below:

Career IB out of undergrad

AN1: 70 + 50 = 120k (+10 signing)

AN2: 80 + 65 = 145k

AN3: 90 + 90 = 180k

AS0: 50 + 50 = 100k for 6 months (+40 retention)

AS1: 140 + 185 = 325k

AS2: 150 + 150 = 300k

VP1: 170 + 205 = 375k

VP2: 175 + 300 = 475k

VP3: 200 + 325 = 525k

D1: 225 + 725k = 950k

D2: 275 + 1,225k = 1.5m

MD1: 350 salary

  • VP in IB-M&A
May 23, 2022 - 4:26pm
Vertigo

Career IB out of undergrad

AN1: 70 + 50 = 120k (+10 signing)

AN2: 80 + 65 = 145k

AN3: 90 + 90 = 180k

AS0: 50 + 50 = 100k for 6 months (+40 retention)

AS1: 140 + 185 = 325k

AS2: 150 + 150 = 300k

VP1: 170 + 205 = 375k

VP2: 175 + 300 = 475k

VP3: 200 + 325 = 525k

D1: 225 + 725k = 950k

D2: 275 + 1,225k = 1.5m

MD1: 350 salary

Congrats on making MD. Guessing boutique or independent based on base salaries?

  • Incoming Analyst in IB-M&A
May 23, 2022 - 8:10pm

How did you skip a year as associate and director?

Thought it was 3.5 plus 3 plus 3 for AS, VP, D but you did 2.5 plus 3 plus 2

May 27, 2022 - 8:04pm
HercaHercules, what's your opinion? Comment below:

Looks like he was at a MM/boutique. Smaller firms have less structured promotion timelines.

if you believe in yourself and willing to put in work, you can get senior pretty quickly at a small shop 

  • Intern in IB - Cov
May 25, 2022 - 1:08am

Would you say your VP comp was standard at that time? Maybe it's after this last year and all the base bumps but $400-$500k seems a little light to me for VP. I have no idea what I'm talking about though.

May 23, 2022 - 6:13pm
Malta, what's your opinion? Comment below:

FWIW The Blind post (which is really a LinkedIn post) seems legit.

Y0: $83k (Realtor in college)

Y1: $62k (Project Engineer at a construction firm)

Y2: $45k (switched careers to tech as a SWE, was unemployed for 8 months. $135k base salary for 4 months)

Y3:  $160k total comp (same job as Y2, but got promoted twice within a year)

Y4: $210k total comp, this is my current role. Been here 6 months so far. Hoping to gun for my next promo + starting my own healthcare SaaS

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
  • 1
May 23, 2022 - 8:13pm
nodnarb21, what's your opinion? Comment below:

Y1: $35k

Y2: $50k

Y3: $75k ($5k YE bonus)

Y4: $85k ($10k YE bonus)

Y5: $160k ($50k YE bonus)

Started as an analyst at a small bank, joined corp banking group at a top 10 bank in Y3, moved internally to corp advisory end of Y4. Love the group and the hours. Hoping to see TC increase over next few years with promotion to Director/VP. Guessing TC will be in the $225-325k range in 2-3yrs.

May 23, 2022 - 11:44pm
FinancelsWacc, what's your opinion? Comment below:

This one is tricky. I think talking about comp is overall a good thing to raise awareness and educate ourselves. Having said that, please take the numbers on this forum with a grain of salt. Comparison is the thief of joy and you've got a self-selected bias among high-performing finance folks on this forum.

Year 1: $70k

Year 2: $77k

Year 3: $90k

1st Half of Year 4: $120k pro-rated down to $60k

2nd Half of Year 4 (Mid-Year Promo): $155k base + ~$50k bonus

Years 1 through 3.5 are all TC as the bonus was nothing special. That's recently changed so broke it out for this year's expectations.

May 24, 2022 - 1:16pm
Masterz57, what's your opinion? Comment below:

Here I come to bring the sadness of F500 progression!

Y4 post-UG, Consulting (internal strategy): $85k 

Y4-6 - MBA

Y6 - Post-MBA at F500 CPG: $104k 

I'm honestly too lazy to go back and look at the intervening years, but I'm currently Y13 and at ~$220k.  Within my industry/field I could have maximized comp by hopping a couple of times but I've optimized for other things (location, culture, people, etc).  

  • 1
  • Associate 2 in IB - Cov
May 24, 2022 - 1:40am
  • start career at policy think tank -

Y1: $50k

Y2: $50k

Y3: $80k

Y4: $80k

Y5-Y6: MBA

-- below is IB --

Y7 (stub): $160k

Y8: $225k

Y9: $300k

Y10: $460k

Y11: $475k

Y12: $500k

Y13: $750k

Jun 1, 2022 - 5:07pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

So is this a 2 years as an intern and 3 as an analyst? 

  • Intern in IB-M&A
May 24, 2022 - 3:35am

ok so the idea of being a millionaire before you turn 30 is likely a lie

  • Research Analyst in AM - Other
May 24, 2022 - 5:28am

Are you talking net earnings i.e. net worth or gross earnings as if latter then yes but former then no.

May 24, 2022 - 8:47am
PM -HF, what's your opinion? Comment below:

I'd say if you start in IB out of college and progress in a linear fashion in IB / PE / HF, then 30 is about the age when you can clear the $1M in annual comp as well as in accumulated net worth.

  • Intern in IB - Cov
May 25, 2022 - 1:12am

Idk why this got MS, based on posts here both seem to be very possible given the albeit vague path laid out.

May 24, 2022 - 5:52am
tbbg87, what's your opinion? Comment below:

50, 54, 60, switched jobs, 80, 90, 110, 125, 135, 145, switched jobs, 200, 270, 320

  • Consultant in Consulting
May 24, 2022 - 12:01pm

Started in asset management:

Year 0.5 - 70k annualized

Year 1 - 90k - moved roles within my firm and got a bump from 70k to 90k

year 2 - 90k

year 3 - 90k

year 4 - MBA, 40k internship

year 5 - finishing MBA, starting at 175 + 25% at MBB

May 24, 2022 - 1:13pm
AdiosPlus, what's your opinion? Comment below:

If this is true, you are killing it and I would love to know more about it. Cracking 700k in 3-4 is no joke

  • Intern in IB - Cov
May 24, 2022 - 1:32pm

What industry are you in/have been in in your career trajectory?

  • Research Associate in AM - Equities
May 24, 2022 - 1:51pm

Sheesh people are killing it here.

Y1: 125k

Y2: 135k

Y3: 165k

Y4: TBD but looks to be 210-215k

Hopefully by Y6-7 I go 350-400k. That's all the visibility I have. Though to be fair I'm only working 45-50hrs per week rn and at the next level this will be 55-60hrs for a few years before moderating to 50-55hrs LT

  • Intern in IB - Cov
May 25, 2022 - 1:15am

Really good comp for those hours. Some would say you're doing better than everyone else putting in 2x the hours for <2x the comp

  • Research Associate in AM - Equities
May 25, 2022 - 9:03am

Yeah while I definitely admire the grind, I'm just not willing to cross the 60hrs threshold. Quality of life is too important IMO

May 24, 2022 - 8:35pm
FinancelsWacc, what's your opinion? Comment below:

It is a forum / app where people post about companies, comp, interview process, culture, ask for referrals, etc.

I think the goal was to provide data points for non SWE / Engineering roles (akin to how Levels.FYI is the holy grail in tech comp benchmarking) but it has turned into 85% tech discussion like Levels.fyi (with some edge cases like you see in this post) and 15% Corp fin / accounting / strategy / etc.

Almost zero representation from IBD / HF / PE

  • Research Associate in HF - Event
May 24, 2022 - 3:31pm

Y1- 150k (IB)

Y2- 200k (IB)

Y3- 350k (HF)

Y4- 525k (HF)

Y5- 875k (HF)

Y6- 1.1mm (HF)

Y7- 150k base + ? Bonus (maybe lower than last two years bc markets are down)

  • Prospect in Consulting
May 25, 2022 - 2:42am

do you manage your own book? Is it a SM or MM fund?

May 24, 2022 - 5:46pm
corporateguy, what's your opinion? Comment below:

Saw this post and wanted to provide a different perspective from someone in corporate development / finance. Won't get the insane comp of PE/HF/Banking but good lifestyle and decent comp.

Started in banking, did a year of PE and gave up on the hours and been in corporate most of my career. I started in bulge banking during 08 and went to b school after five years.

Year 1 (08): $110K ($10K sign-on, $60K base; $40K bonus mid-tier bucket)

Year 2: $150 ($80K base; $70K bonus top-tier bucket)

Year 3: PE: $190k ($90K base; $100K bonus)

Year 4: Corp Dev: $100K ($90K base; $10K bonus; 40 hour week though)

Year 5: Corp Dev: $105K ($95K base; $10K bonus)

Year 6 (after 2 years of b school): $200K (Small family office investment vehicle with a former boss from PE firm)

Year 7: $200k (same family office)

Year 8: $240K ($200K base; $40K bonus); corp dev/ finance role as family office went through a divorce so shut down private investment arm so went to corp dev/finance hybrid role in tech

Year 9: $240k (Same corp dev/finance role)

Year 10: $300K (same corp dev role/ corp fin role but got a raise)

Year 11: $340K (same corp dev role / corp fin but got another raise)

Year 12: $640K ( due to a liquidity event mostly as still $340k)

Future: $340K but hoping for a liquidity (IPO or a full aqc) . From experience most roles for me are Director, SR. Director level are within $250k to $325K cash and stock upside (lots of variability within cash comp). one challenge is unlikely to get higher in most corp dev / finance role as heads of corp dev and FP&A are usually young and unlikely to go anywhere so job hopping is required to get more (or wait for an IPO where your stock can start vesting)

Hope is helpful.

  • Associate 1 in CorpDev
May 26, 2022 - 2:42pm

I'm sure you've thought about how to get the VP promote, so I'd love to hear your thoughts there. It's largely a function of luck and politics from what I've seen but is there anything you can do aside from going to a smaller company and/or take a paycut to get the VP promotion? And have you thought about going to a startup and maybe taking a paycut and getting that promo with potential upside as a company grows?

May 26, 2022 - 5:08pm
corporateguy, what's your opinion? Comment below:

Yeah, good question and really varies on team structure. I am in a small team with one analyst, myself and Head so less politics and just space. In bigger teams from mentors and friends is more politics since you are effectively an internal banker so people have to see you as a relationship builder and consensus driver (less so than external sourcing) but then also subject to the person ahead moving. One caveat in bigger groups your work lifestyle is a lot more chill since only working in one deal at a time most of the time (that was at least my experience as an analyst in a bigger company and group). Now in super big groups like Amazon and Google not sure.

As for going to a smaller company, I have actually interviewed and decided not to pursue. Now this is an N=2 so take it with a grain of salt but interviewed with two Series D companies that were pre-IPO (or so they thought in late 2021 before shit went south) and their cash comp was $240K to $260K all in with $500K in RSUS and they say you should bake 3x value for IPO (again in 2021) and if performed another $200K to $300K in a year at Series D value (assuming no IPO till a 1.5 year ) so looking at $700K to $800K in RSUS pre-IPO (note most are 25% vesting at IPO and then straight-line for remaining 4 -year life). My company was closer to some for of liquidity event so rather take the higher cash comp and I like the team so no reason to leave. The two companies were also thinking of having corp dev teams capped at 3 (Head, Director/Sr. manager, and an analyst) and the title was not enough to give up the extra cash comp. 

One of my bschool friends went to a post IPO head of corp dev role (was at a major tech company doing corp dev for 5 years and was Director there) and their comp was $350 to $400K cash and $100K in stock but liquid. but to be fair I can say he is really good at what he does. 

  • VP in CB
May 24, 2022 - 7:38pm

Y1: $52K

Y2: $77K

Y3: $130K

Y4: $145K

Y5: $225K

Y6: $275K

Y7: $300K

May 24, 2022 - 7:44pm
Smoke Frog, what's your opinion? Comment below:

A1 - 120k

A2 - 140k

A3 - 150k

As1 - 175k

As2 - 225k

As3 - 275k

As4 - 290k. Switched to a new bank and had to repeat a year unfortunately.

VP1 - 350k

VP2 - 390k

VP3 - 450k

The above captures all cash comp. There is more in deferred equity but can't remember all that info off the top of my head.

And each year I got company 401k match, which is a nice sweetener.

  • Intern in IB - Cov
May 25, 2022 - 1:18am

Love to see it. Great work.

  • Associate 3 in IA
May 25, 2022 - 10:17am

This is for PWM mainly:

Yr 1 out of undergrad: $65k (this was actually a CRE underwriting role then I switched to PWM mid year)

Yr 2: $90k 

Yr 3: $122k (this was a new role from year 2 at a BB)

Yr 4: Expecting 135k this year

Received a verbal offer from a new firm that will be a base of $125k and bonus band of 20-40% (all in could be $150k-$175k). Still waiting to get this in writing.

Strictly work 8-5 with unlimited PTO in current role and potential new role.

  • Analyst 1 in S&T - FI
May 26, 2022 - 2:28am

How did you do S&T for 5 years and never broke 200k. VP1 is like 400-600k

  • Research Analyst in AM - Equities
May 26, 2022 - 8:37am

Someone else can do the FX conversions on these - n.b. years 1-2 are pre-Brexit, years 3+ post-Brexit which changed the FX a lot. £/$ was ~1.6 pre-Brexit and has been ~1.3 since.

Year 1: £50k + £10k (6m stub bonus) - BB ER

Year 2: £55k + £40k - BB ER

Year 3: £60k + £40k - BB ER. Salary bumped to £80k with promotion but didn't stick around to see what the bonus was.

Moved to a large institutional AM (captive capital) to work on an equity L/S strategy.

Year 4: Slightly complicated due to guarantee / mid-year move but worked out as ~£80k base and £70k bonus

Year 5: £85k + £85k

Year 6: £90k + £80k

Year 7: £110k + £140k 

Year 8: £130k + £160k

Year 9: Title bump, will be £450-500k all-in.

Comp in my current seat is pretty predictable - I don't have the upside of MM platforms / standalone L/S funds but also fairly little downside.

May 26, 2022 - 8:40am
nutmegger189, what's your opinion? Comment below:

Any chance we can PM? Curious about your move from BB ER (I'm also here in London) to where you are now.

  • Research Analyst in AM - Equities
May 27, 2022 - 6:33am

Title in year 7/8 would be something like VP / Director / Senior Associate depending on which bank / AM title structure you are talking about.

Title in year 9 would be something like EVP / ED / Principal. Salary will be ~1/3 of that total comp figure, not that much higher than at the previous level but the bonus should ramp up a lot (albeit with more of it deferred).

The role is 'senior analyst' yes - so idea generation, having names in the book in my own right & helping manage a couple of more junior analysts/associates. Day to day of what I'm actually doing won't change much in year 9 vs year 7 and 8, just the title / comp will match that. Next 'step up' for me if I stay at my shop would be to a fully-fledged PM role.

Also just for clarity I would say most of those years (except maybe year 3 which was when MIFID-2 was starting to bite) would be considered 'good outcomes' for my shop / level.

  • Business School in HF - Other
May 26, 2022 - 10:36pm

Y1: $63k (Ops Consulting)

Y2: $12.5k (Buyside internship before B-School) 

Y3: Specialty Masters 

Y4: 126k (Large AM) 

Very curious where my comp heads from here. I'm hoping I can get to around $150k in TC during Y5 or Y6 but am not sure if that's realistic or not. 

May 27, 2022 - 12:46pm
crewbf, what's your opinion? Comment below:

Year 1: $40k D1 Basketball coach (22)

Year 2: $60k Corp Finance - Analyst (23)

Year 3: $70k Corp Finance - Analyst II (24)

Year 4: MBA (25)

Year 5: $110K RE Investments - Associate (26)

Year 6: $160k RE Investments - Associate (27)

Year 7: Expect to get promoted so hopefully $200k+

I've also been looking to get back to basketball, but pay is 🤮

May 31, 2022 - 11:37am
crewbf, what's your opinion? Comment below:

Think of it like IB, but you get paid $40k and your team might suck lmao. I had 7 months without a day off - literally in the office everyday. Also, deal with 18-21 year olds who get in trouble for doing stupid things. I like the strategy involved, it's very interesting and high level, but the caveats of the pay is hard to get past. Turnover is also so high it's hard to make a career of it.

No, but fr, it's an experience I'll never forget, but the travel required and the hours is hard once you get older and now I have a family. The only exception I'd take is an offer in an NBA front office. There you get paid much better, and the travel requirement isn't there.

  • Associate 2 in VC
May 27, 2022 - 1:01pm

Went into VC straight out of undergrad

Year 1: $70k (60k + 10k)

Year 2: $100k (70k + 30k)

Year 3 (changed firms): $180k (130k + 50k)

May 27, 2022 - 1:25pm
jackdonaghykabletownceo, what's your opinion? Comment below:

Background: Hella non-target from the middle of fucking nowhere. LITERALLY no family connections (we knew a small local finacial advisor and that was it). Bad grades in college.

Now: top ranked ASO in group and have more money at 28 than I ever expected. LFG

Graduated College

2017: $65k (not banking)

2018: $88k (not banking)

2019: $130k (banking adjacent, think Big4 TAS)

2020: $160k (banking adjacent)

2021: $450k (M&A ASO1) 

May 27, 2022 - 1:28pm
INTJ_Tech, what's your opinion? Comment below:

If anyone is looking for a not-common comp path

Y1 (Mega HF) - 85k

Y2 (Mega HF) - 95K

Y3 (Mega HF) - 115K

Y4-5 MBA

Y6 (FAANG) - 160K

Y7 I got sick pretty bad, didnt work

Y8 (S&O tech) - 75K

Y9 (S&O tech) - 95K

Y10 (S&O tech) - 125K

Y11 (S&O tech) - 165K

Jun 21, 2022 - 11:38pm
Premia, what's your opinion? Comment below:

Year 1: 65k

Year 2: 125k 

Year 3: 150k 

Year 4: 190k

Year 5: 300k

Year 6: 400k

Year 7: 750k

Year 8: expecting ~600k+

Haha this has got to be GS

Array
May 27, 2022 - 3:55pm
funkychompi, what's your opinion? Comment below:

Y1: $40k

Y2: $75k

Y3: $78k

Y4: $92k

Y5: $105k

Y6: $115k

"Whatever needs to happen, always does." - Black Jack Foley
  • Analyst 2 in IB-M&A
May 27, 2022 - 9:31pm

Atque dolores alias necessitatibus ut voluptatibus ut. Quia sit ex nostrum error sint necessitatibus expedita. Cum mollitia similique sit facere labore nesciunt omnis.

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  • Research Associate in HF - Event
May 28, 2022 - 7:10pm

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  • Research Analyst in HF - EquityHedge
May 28, 2022 - 8:48pm

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Aut ad laborum rerum perspiciatis voluptate vel ut. Harum voluptate iste facere ea ipsum voluptatem. Placeat culpa et et sit est sunt.

May 30, 2022 - 3:36am
ExpensiveCashFlow, what's your opinion? Comment below:

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Sit voluptas quia consequatur quia. Voluptatem eum ea molestias adipisci vero est dignissimos et. Omnis placeat impedit saepe magnam quo aut recusandae iure. Doloremque saepe sint voluptatum et quod veniam. Qui minus adipisci omnis assumenda.

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  • Associate 3 in PE - Other
May 28, 2022 - 2:07pm

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Placeat sit veniam aliquid nesciunt voluptas a provident. Dicta illo sapiente facere eos accusantium numquam quaerat.

  • Associate 3 in IB-M&A
May 29, 2022 - 9:21pm

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Placeat voluptates fugit et unde et. Sunt adipisci eaque sed veritatis quasi dolor. Magnam suscipit quasi incidunt quia.

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  • VP in IB - Cov
May 30, 2022 - 1:11am

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Inventore ea minus nihil asperiores iste. Corporis est atque voluptas est consequatur.

Jun 1, 2022 - 3:53pm
horse9118, what's your opinion? Comment below:

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Molestiae aut eaque non quaerat dignissimos eius ut. Porro ut debitis vitae inventore sint.

Quasi similique nostrum qui maxime. Harum repudiandae nisi et vero sint et est. Quia enim ipsum deserunt. Numquam tempore excepturi pariatur natus fuga. Voluptates laudantium rem voluptas omnis. Velit et rerum expedita aut tempore explicabo.

Sit perferendis numquam qui aliquid. Culpa expedita quam ipsum tempore. Itaque cupiditate iure natus perspiciatis dolorem vel quasi. Quidem unde modi culpa qui ex. Eum fuga sed laboriosam voluptatibus aut iusto et.

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Career Advancement Opportunities

June 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲07) 98.8%
  • Bank of America Merrill Lynch (▲01) 98.4%
  • Houlihan Lokey (▲06) 98.0%

Overall Employee Satisfaction

June 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Lincoln International (▲05) 99.2%
  • Greenhill (▲07) 98.8%
  • Rothschild (= =) 98.3%
  • Evercore (= =) 97.9%

Professional Growth Opportunities

June 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Lincoln International (▲04) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Houlihan Lokey (▲07) 98.4%
  • Bank of America Merrill Lynch (▲04) 98.0%

Total Avg Compensation

June 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (37) $394
  • Associates (189) $246
  • 2nd Year Analyst (115) $162
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (369) $150
  • Intern/Summer Associate (77) $148
  • Intern/Summer Analyst (289) $91