BD Comp discussion - 2024

Based on the most helpful WSO content, here are some insights on compensation discussions:

1. 2022 Compensation Expectations:

   • An Associate 3 in IB-M&A at an Elite Boutique (EB) made ~$525k all-in last year as an Associate 2. Expectations for this year are set at ~$525k, with hopes for $550k+.

2. Real Estate Finance Compensation:

   • Senior professionals in real estate finance generally have significant income, though it varies by market, firm, and cycle. Commission-based roles can be very lucrative once connections are established, but starting with a salary + bonus is generally safer for new graduates.

3. General Compensation Trends:

   • Deal flow has been down significantly year-over-year, which might affect bonus expectations. Some believe bonuses will be slightly down to flat compared to the previous year.

For a more detailed and specific discussion on mid-level (VP, Principal, and Partner) compensation in Business Development (BD) for 2024, it would be beneficial to refer to recent threads or discussions on WSO forums.

Sources: 2022 Compensation - What Are You Guys Expecting?, What is your compensation in Real Estate Finance?, How many of us are making over $250k?, Who is happy & satisfied with their current role?, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?