Will BB’s raise to $110k??

Since MS has raised to match GS on first year analyst salaries, has there been any discussion for a likewise increase at other BB’s? Don't get me wrong - I'm very grateful for everything the previous analysts and associates went through to raise base already, but seems like some of the other BBs should raise to match as well, no?

Region
23 Comments
 

Interns, don’t ever compare JPM with GS/MS. They shouldn’t even be in the same conversation. JPM’s approach to overworked junior bankers is to increase their already huge analyst class size by 1/3 (reason that you’re seeing tons of JPM analyst openings on LinkedIn). Rather than increased pay, each banker at JPM will get worked less (now with close to 170 analysts a class). Terrible thing for junior bankers’ exposure. GS and MS together have less than 130 bankers a class combined

 

Return offers should be fine.. the top guys want to increase the class size anyway. It’s just that the deal team will be gigantic (multiple analysts on the same deal). At GS/MS, you’ll be the only analyst on transactions

 
Most Helpful

Would just like to add a quick counterperspective here as a first year in coverage at JPM NYC. Your comment about increasing class size definitely has merit as there has been a strong move to hire laterals across industry groups, but I don't think that's necessarily unique to JPM but rather reflects an overall trend to try and increase analyst class sizes in an effort to reduce burnout and increase retention. That being said, JPM's head of banking outright said that the way to combat burnout is by hiring more people to distribute work more reasonably - something I think a lot of people here could agree is a good first step towards having a more reasonable work-life; I think a lot of people, myself included, would happily take a reduced bonus as a result of a better work life balance. So far it may be too early to tell for sure, but it seems like overall people are happier and have regained some semblance of normalcy and better WLB which is great to see (but could be entirely group dependent as some are definitely still sweaty af).

In regards to the intern's question above: as a first year analyst, I can say that although I have been staffed as a "junior analyst" on some projects and work under a more experienced second year, this has largely been done as an effort to help first-years ramp up, as we're largely a liability at this stage in our analyst careers. However, every second year analyst within my group is independently staffed as their own analyst on their projects. The only discrepancy here comes if you possibly include analysts within other functions of the bank (DCM, CFA, M&A, etc.), but from my understanding analysts within most any larger bank that is non-boutique sized will have the same experience between different coverage and product groups. Of course, this is just my perspective as a newly minted analyst so take my word w/ a grain of salt, but I personally don't feel as though my experience in terms of deal exposure has suffered in comparison to those of my first year peers at GS / MS (roommates, friends, etc.). 

Sure, there may be a slight "preftige discount" when it comes between GS / MS and JPM due to size, but at the end of the day I would say that going so far as to attack someone comparing JPM with the two is ridiculously elitist and contributes to why people have such a bad perception of finance or the type of people that work in the industry--
 

Whatever you decide or if there's anything you should take away from this, just be proud of your accomplishments and recognize that for every one elitist individual who tries to knock you down, there are thousands upon thousands of others who dream of being in your shoes being at a "top tier" investment bank 

 

Voluptatem non blanditiis nostrum cumque perferendis est tenetur. Ut reiciendis molestiae error ex facilis asperiores quas.

Ratione sequi ducimus quas animi aut et. Et et porro porro consequatur quia suscipit praesentium sunt. Deleniti esse possimus deserunt exercitationem. Impedit asperiores vel alias.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”