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:
| +130 | Is my life over after not getting GS? | 32 | 2h | |
| +107 | BEING WHITEGIRL IS PARADISE | 20 | 1s | |
| +73 | Best IB group on the Street | 35 | 52m | |
| +65 | Thoughts and tips on how to speak like an investment banker. | 25 | 20h | |
| +58 | BIG FOUR ARE PARADISE | 15 | 21h | |
| +49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 14h | |
| +38 | UBS Outlook | 28 | 1d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 19h | |
| +31 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 4h |
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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.
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?
If you read it properly they’re talking about IB comp progression.
150k
175k
185k
NOT HAPPY
Here it is:
https://www.teamblind.com/post/This-guy-went-from-80k-to-575k-within-6-years-cUyDpZF6
I believe this is a highly abnormal trajectory.
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
Cap
Why do you think it’s a lie?
Sorry, what is GFC?
Great Financial Crisis
aka 2008
yea right
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.
My dude if this is real, you’re crushing the game
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.
I worked at a MF PE. But the comp explosion happened after transition to a HF.
What year did you switch from PE to HF
This is unreal, awesome stuff. What city do you live in? What type of HF?
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.
Is this comp. trajectory accounting for performance incentives?
Fuck you deep in your pass-index underperforming asshole.
Y1 post undergrad $68k
Y2 $75k
Y3-4 $90k
Y5-6 MBA
Y7 $125k
Y8 $275k
Y9 $315k
Y10 $475k
Y11 $525k
was year 7 a stub year for you? Assuming a start in August?
Yes
Thanks! Do you feel comfortable discussing any details on pre & post MBA industry/roles and school?
Were you Corp Fin pre-MBA, IB post mba?
Dude where are u working to get paid 200k in corp dev
Thanks for sharing - it would be helpful context to know roughly what sized firm you're getting these numbers at
Not joking:
Grats fam
Can you give a breakdown of your job / industry / education over that time period?
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.
Wow what happened between 7 and 8?
He became an Analyst 1 in PE - Other
I'm equally curious what years 1 and 2 are and I am about years 7 and 8. That's a massive jump in comp over a decade
Y1: $165K
Y2: $200K
Y3: $280K
Y4: $360K
Y5: $450K
Did you do banking to PE
Yup
Y1: $57k
Y2: $65k
Y3: $72k
Y4-5: MBA, switch to RE development
Y6: $160k
Y7: $180k
Y8: $210k
If helpful for another data point. All years in IB straight out of undergrad.
A1: $165k: $85k base + $70k bonus + $10k signing bonus
A2: $190k: $90k base + $100k bonus
A2.5: $105k: $47.5k + $57.5k (6 months)
Assoc1: $290k: 150k + $140k
Assoc2: $437.5k: $187.5k (base increase mid-year) + $250k
Assoc3: ~$500k: $225k + tbd
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
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
Figured I'd throw mine in as well:
A1: ~$165k: $85k base (moved to $90K in January which explains the odd bonus amount) + $57k bonus + $15k signing bonus
A2: $232k: $100k base + $92k bonus + $20k one-time COVID retention bonus + $20k Associate promote incentive bonus
Assoc1: $325k: $150k base (moved to $175K in January) + $160K bonus
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.
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)
Where? UK? HK? SG?
Americas, non US
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.
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.
Kudos to you for taking the leap
Y1 (post undergrad): 70k
Y2: 77k
Y3: 110k
Y4: 150k
Y5: 175k
Y6: 250k
Y1- 5 dollars/hour
Y2- 15 dollars/hour
Y3- 15 dollars/hour
Solid
Good to see the come up Timmy.
300% comp increase in 3 years damn.
edit: 200%
You mean 200%. Plz fix.
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.
Congrats man.
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?
that kinda sounds like MM pre pay bump levels
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
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
Congrats on the promotion
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.
All converted to USD at current rate
Y1 - 50k, banking rotational grad program
Y2 - 61k, new job in asset management, central Europe
Y3 - 68k
Y4 - 77k
Y5 - 157k, new job in London
gratz on new job
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
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.
-
Y1: $100k
Y2: $105k
Y3: $110k
Y3: $170k
Y4: $215k
Y5: $275k
Y6: $325k
Y7: $475k
Y8: TBD - likely $525-600k
Not in the US but converted to USD:
Yr 1: 60K
Yr 2: 70K
Yr 3: 165K
Yr 4: 230K
Yr 5: 250K
Yr 6: 400K
What's the industry & role?
Took awhile to find IB, but got a lot of work life balance enjoying my 20s in the early years and still have 7 figures in the bank.
Yr 1 - 52
Yr 2 - 84
Yr 3 - 96
Yr 4 - 135
Yr 5 - 180
Yr 6 - 215
Yr 7 - 230
Yr 8 - 315
Yr 9 - 350
Yr 10 - 415
Yr 11 - 515
Yr 12 - 565
Yr 13 - 900
Yr 14 - 1000
Congrats on last year man, that's awesome
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.
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).
Y1 - $70,000
Y2 - $85,000
Y3 - $120,000
Y4 - $165,000
Y5 - $185,000
Y6 - $240,000
Y7 - $280,000
— 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
Not in the US but using avg fx rates and straight out of undergrad:
Y1 (6 months intern) = $6k
Y2 = $16k
Y3 = $59k + $3k bonus + $3k signing
Y4 = $61k + $5k bonus
Y5 (expected) = $72k + $5k bonus
So is this a 2 years as an intern and 3 as an analyst?
I was an intern for 1.5 years actually so that's why I earned so little during Y2
ok so the idea of being a millionaire before you turn 30 is likely a lie
No
Are you talking net earnings i.e. net worth or gross earnings as if latter then yes but former then no.
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.
Idk why this got MS, based on posts here both seem to be very possible given the albeit vague path laid out.
50, 54, 60, switched jobs, 80, 90, 110, 125, 135, 145, switched jobs, 200, 270, 320
1: 98k
2: 120k
3: 155k
Sales & Trading
Why so low ?
Large AM
Y1: $50k
Y2: $65K
< $1B Credit HF
Y3: $120k
Y4: $190k
Y5: $270k
Y6: $250k
Y7: $450k
What kind of large AM? Like a Fidelity, Wellington, Capital, or one of the publicly traded ones like Invesco?
$1T+ PubCo
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
Y.1 85k
Y.2 150k
Y.3 375k
Y.4 700k
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
Y1 110k
Y2 120k
Y3 100k
Y4 117k
Y5 135k
Y6 400k
Y7 380k
Y8 1.1M
Y9 1.9M
What industry are you in/have been in in your career trajectory?
Trading and structuring
Year 1: $140k = $85k + $55k | Analyst 1 (IB)
Year 2: $200k = $90k + $110k | Analyst 2 (IB)
Year 3: $135k = $120k + $15k | Analyst 3 (Corporate)
Year 4: $200k = $150k + $50k ($150k pro-rated) | Associate 1 (MF PE)
Year 5 (expected): $360k = $180k + $180k | Associate 2 (MF PE)
How were you able to make the transition from corporate to MF pe
Lined up the PE gig before going corporate for a year
Y1: 60k
Y2: 59k (no signing bonus like prior year)
Y3: 67k
Changed companies
Y4: 94k
Y5: 104k
Changed companies
Y6: 145k (estimated)
All CF, all in low COL cities. Got my MBA during years 5-6. Expect to hit mid 200s in the next 2-3 years.
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
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
Yeah while I definitely admire the grind, I'm just not willing to cross the 60hrs threshold. Quality of life is too important IMO
What is blind?
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
Think wso for CS careers
WSO for tech industry workers
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)
Dang congrats man. If you don't mind sharing, what size fund?
do you manage your own book? Is it a SM or MM fund?
Are you guys including your stub year to y1?
For the folks that broke $1 million mark - any detail you can share, whether something unique that you did or circumstances, that helped you make so much besides a promo or a good year in the markets?
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.
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.
Aw
Y1: $52K
Y2: $77K
Y3: $130K
Y4: $145K
Y5: $225K
Y6: $275K
Y7: $300K
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.
Y1: $75K
Y2: $85K
Y3: $95K
Y4: $150K
Y5: $165K
Business School --> AM to IB / Stub Year
Full Y6: $400K
Love to see it. Great work.
Which bank?
EB
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.
Sales & trading early year's -> private placements 6-10.
Y1: $105k
Y2: $115k
Y3: $180k
Y4: $150k
Y5: $160k
Y6: $125k
Y7: $475k
Y8: $810k
Y9: $1.65M
Y10: btw $1.2-2.0M (on payout so will vary greatly depending on 2H22)
Wow I bet going from 125 to 475 felt awesome
How did you do S&T for 5 years and never broke 200k. VP1 is like 400-600k
Was in equities, not Ficc. Lol - $400-600k for vp1 in equities is very, very high (unless on a great desk, great year and product). I was part of a RIF in year 4, new firm in year 5 before transitioning out of S&T.
Y1 45k
Y2 52k
Y3 55k
Y4 65k
Y5 70k
Y6 80k
Y7 90k
Y8 (broke into IB as associate) 175k + 50k signing + ? Stub
Years 1-7 we’re at an auto parts distributor with several different roles.
How’d u go from auto parts to IB associate
Someone else can do the FX conversions on these - n.b. years 1-2 are pre-Brexit, years 3+ post-Brexit which changed the FX a lot. £/$ 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.
Any chance we can PM? Curious about your move from BB ER (I'm also here in London) to where you are now.
Would prefer to stay anonymous when talking about comp.
I know it differs from shop to shop, but were you a Senior Analyst in Y8? Or are you getting a promotion to that level in Y9 (for which the salary seems quite high)
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.
110k
150k
160k
115k
450k
Current year: $500k+
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.
B
Y1: $125k total (100k base, 25k bonus)
Y2: $165k total (150k base, 15k bonus)
Y3: $215k total (175k base, 40k bonus)
All three years in ER (a highly ranked II team)
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 🤮
how was your time coaching? that seems like a dream job
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.
Went into VC straight out of undergrad
Year 1: $70k (60k + 10k)
Year 2: $100k (70k + 30k)
Year 3 (changed firms): $180k (130k + 50k)
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)
What are you expecting this year?
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
What was your role at the HF? Seems like low comp for a “mega HF”.
Was on the Research Data Team, "Data Analyst" was official title
Y1: 9500 (working at McDonald’s)
Y2: 6000 (freshman summer internship)
Y3: 6000 (sophomore summer internship)
Y4: 68,000 (junior summer internship + part time job)
Y5: 210,000 (A1 incl. of year end and signing bonuses)
making the come up from McDonald’s burger flipper
Can you expand Y4? How’d u make 60k as a student
With remote school and already having an IB offer, I was able to focus less on school and work pretty much full time at an apparel startup. Made ~52 from that.
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
Family Office/Co-investments
Y1: 65k
Y2: 75K
Y3: 84k
Y4-Y5: MBA
Y6: 310k
You went straight from mba to a family office?
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