When the **** are Moelis / PJT / PWP / Evercore going to increase base pay?
Didn't join this bank for the lifestyle...
Anyone else frustrated at lack of response from EBs?
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Agree, also don't understand why one of them wouldn't want to be the first mover and lay a marker down?
Way better optics for recruiting to jump rather than it seem you've been pushed
Not exactly a comp bank but where Jefferies at? +15k base >>>>>>>> a peloton that I don't have time to use because constantly working
Rich Handler. Do sth.
Seriously. How do we raise their attention?
Think Evercore is waiting to see how GS/MS will move and top that (like they often do for bonuses), they wouldn't want to be paying less than Barclays for sure
Do you (or anyone) know who PJT benchmark themselves against?
Was under the impression they sought to be the 2nd highest payer after Centerview?
I don't think that's right. Know for a fact that Qatalyst and LionTree both pay significantly more than PJT at the junior level.
Moelis will increases something but it’s not pay.............
hours
Moelis tends to pay less base but higher bonus yeah? I may be mistaken but I thought that was their general MO.
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How can you justify paying analysts ~$20k more over their 2 years when MBA associates only get paid $300k? And MDs at these firms are only clipping $2-5M. Cmon man. Think before you post
Whoever gave you MS for this does not deserve a return offer
Because, in case you haven't noticed, MBA associates are a negative value add.
You may have missed the sarcasm here...
I’ve never met a good Associate MBA who skipped the analyst role….never
I'm an SA and I would have to agree with this sentiment lol.
MBA associate checking in, and this guy gets it. Yeah my analysts do all of the modeling, ppt, meeting scheduling, comps, etc. but do you know how many footnote and formatting mistakes I catch?
The fact of the matter is that if I didn't respond 'will do' within seconds of receiving an email from my VP, before forwarding to the analyst, who would?
My favorite is the constant flops between using the oxford comma and not
This guy fucks
lol, Baird did exactly this.. An1 now $110 base
Lol did I need to add /s?
Whats the full analyst comp for moelis right now?
Believe for analyst 1s top can be in the ~185k range and mid is around ~150k.
Top bucket is more like ~200k and mid ~170k
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Are analysts bucketed compared to peers within their regional offices or across the US?
At one of those firms, honestly don't care if base pay increases as long as total comp stays at top of street. Should be getting bonus numbers shortly so I can decide if I should be angry or not.
Yeah yeah. A bunch of scrub banks have increased their pay so far. You can complain when BNP Paribas bumps their comp
Will PE analysts base get bumped too do we think?
Bump also curious.
MMPE An1 -- no word here
WP got bumped, heard KKR is bumping through bonus, BX obviously will not
Add Lazard to this list...
Lol not sure how that got left out
If you're complaining that your bank hasn't matched a competitor's increase in base salary, then whatever happiness you experience when your bank finally matches salary will fade 1 second after it's over.
A little piece of advice: while we wait for the Street to catch up (and they will - for time immemorial they always have, whether it's in the new few weeks, a few months or a year from now), don't impart your internal professional issues on to an exogenous event in the banking industry. You get paid so much already that your satisfaction won't improve. If you don't believe me, ask BAML if the pay bump has changed their lives in any way.
But if you exercise patience and find something else to put your energy into, when your bank matches, it'll be that much better. In the meantime, try to learn something new on the job, catch up on industry news, try improving that relationship with your Associate or VP, or go hit the gym.
Money is power
It’s dangerous to mix up correlation vs. causation
You better launch me off a fucking cliff if it takes these guys a year to match.
Actually lol'd at this.
You’re an idiot.
Whats the highest anyone could see an EB raising their base salary to?
110/115 seems like the right number for first year analysts
As a LDN analyst whose total comp was lower than this in first year... this fucking hurts
Bump
The fuck G they already pay far more than BBs
.
Unfortunately the pay differential is already $50-70k at the AN1 level (top bucket GS vs top bucket EB) and only increases further down the line. All hail the absolutely useless "prestige".
Evercore won’t raise base as long as arch-clown Weinberg is in charge
arch clown more like…arch bitch!!
Sorry
do you have any gossip please send thanks!
While extra base bump is nice, I guarantee you that extra ~7k post tax will make no difference in your life in the long run. You should never choose your first banking gig based on pay.
Learning experience, exits, and mentorship are far more important early on in your career and will add much more value than a few extra thousand added to your 6 figure pay check.
In my opinion, if you should never choose Baird, Barclays, etc. over the likes of EVR and Moelis because they raised base pay.
Indeed...indeed...I'll gladly take that $7k off your hands good sir
About to join one of these banks in a pretty niche group in the IB as a 2nd year... am anticipated to make between 220-240k in my first year with pretty huge bumps every year afterwards. And hours pretty much never go above 70/week.
That's why they aren't all that worried about bumping base 10-15k. From what I can tell its still pretty far ahead of competitors even with the bumps
what group? That sounds awesome. Totally fine if u don't mention bank due to anonymity
I can PM you if you reply outside of anon
Hi, could you PM me more details about your group? As much as you would be willing to share, thanks.
My brother also said that same thing about Camberview. Equal pay as the rest of PJT but way better hours, with hours spanning from 50-70. I think that's why most people end up staying. Park hill def works more than 70 hours sometimes.
shitt Citi
What’s crazy is how greedy people are acting nowadays… complaining about getting paid 180-200k a year (top of street) with 1-2 years of work experience. The audacity to be whining about a lack of pay bumps is absurd.
everything is relative buddy
What you don’t understand is 1) working 100h isn’t exactly a piece of cake And means sacrificing... everything else and 2) if competitors are increasing salary why should accept to be underpaid ?
People should be paid what they’re worth, and that’s gone up of late.
You're really calling analysts “greedy,” vs. the managing directors whose pockets the bump would come from?
Not really, “buddy.” Even if every other bank gets a pay bump, the EBs will still be top of street and people still find a reason to complain. Also it’s not relative… salary of ~200k out of college is damn near in the top .001% of global earners with that amount of work experience.
It is relative. Who tf cares about “global earners” bro. Im not comparing myself to third world inhabitants or the bums in america who went to a shitty/no college
Clearly you have a bit of a chip on your shoulder lol must be obsessed with prestige. Sorry let me change it, you’re in the top 1% of earnings for fresh grads in Finance. Cry me a river.
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That’s the beauty of at-will employment. If you’re unhappy with your top of the market salary and the bonus for your reduced ability to be recognized at a dinner party is now less than $40,000, you can move to any other company you want. But complaining about it on a forum is so soft.
Yeah, me too
Try it out and lemme know how that goes for you
HR departments read / track popular WSO threads I'm fairly sure. Hopefully some might have come across this thread
At one of the firms listed and want them to raise to at least $115 v soon...
Moelis?
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