Planning to make a lateral move to a BB/EB, what should I expect as the total comp for 1st year or 2nd year associate? Should I ask for signing if so how much? What are bonus like nowadays? Which firm pay the highest?
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Middle bucket A1s at my firm received ~300k. A2s around 350k. At a highly regarded MM
Jefferies?
Ass1: 350 - 400 Ass2: 400 - 450 Ass3: 450 - 500
Damn, that's ass.
350-450 A1 last year though keep in mind that was a record year, normal years before that more like 275-325. 2022 not shaping up to be 2021 IMHO so I’d be conservative and slot it in between those 2, maybe $325-$375
Which firm in Chicago pay the highest?
Before this last bonus cycle, it'd typically be:
As1: High 200s-mid 300s
As2: 300s-low/mid400s
Didn't know anyone at As3 pre-COVID
This past COVID year:
As1: High 200s-mid 400s
As2: mid 300s-mid 500s
As3: only data point is 600k
So basically, the low end was similar (mix of banks that didn't share revenue gains and in general low performers not benefitting from the pay bumps) but the high end got much much higher
EBs all paid around $450k to my knowledge.
Does Lazard MM and Lazard pay roughly the same?
I don't know for certain, but most likely there is a significant difference. They are two separate companies essentially.
Litquidity put out a spreadsheet on this, you can easily google it. It’s even posted on a NY times article.
300k+
Datapoint from my bank (healthcare industry-focused boutique):
$175k base + $330k bonus = $505k all-in for ASO2
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