14 Comments
 

Based on the most helpful WSO content, PGIM's bonus structure for analysts is discretionary, with first-year analysts typically receiving bonuses in the range of $20,000 to $30,000. While there isn't specific data in the context about senior associate bonuses or a fixed percentage like 40%, bonuses can fluctuate depending on performance, role, and seniority. Generally, as you move up from analyst to senior associate, bonuses tend to increase, reflecting higher responsibilities and contributions.

Sources: Citadel Equities analyst terms, PGIM REF Investment Analyst vs. CBRE Tenant Rep Junior Broker, Multistrategy / distressed credit compensation, Associates, when are signing bonuses paid out?, Strategy& Compensation Updates

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Had interview with PGIM and was quoted for CRE analyst 80-85k with up to 20k bonus. This was originations in HCOL city. Was kinda of surprised and felt like this was low. Thought base would be at least 90k.

 

I've heard there is a big jump from analyst and associate up to senior associate in terms of bonus upside but not sure the numbers at each level. I'd think 40% might be a little high at the analyst level but know it's higher than that at Senior Associate.

Array
 

I woudln't assume a 40% bonus on any analyst team unless directly tied to originations team even then a 40% tgt in written is hard to achieve, typical is 10-15% analyst, then PnL tied people see 20-30% there are bonus trackers on here might not show PGIM, but think it would be inline with other shops, though I know on some teams they get access to teh ESOP or a form of RSU's so bonus might be lower by 5-10% with a higher lti built in. What's the hurt in asking during the HR screen

 
Most Helpful

Are we talking about the Private Credit business? I worked in the European Private Credit business for 4–5 years, and from my experience, people tend to stay for a long time, which says a lot about the culture.

A lot of the MDs started there as analysts, and there are very few external hires at the MD/senior level. You’d typically start as an Analyst and stay for around three years. If they like you and things go well, you’ll usually stay on as an Associate.

After that, however, it becomes more difficult to get promoted to Senior Associate. Senior Associates are generally viewed as future team leaders, so if you don’t make that step, they’ll usually start encouraging you to look elsewhere and try to push you out. That happened to me as well.

Ultimately, you need a bit of luck and to be in the right office at the right time, as the number of Senior Associate positions is quite limited and budgets are tight. Overall, though, I’d say the long tenure of many people and the fact that so many senior people have grown internally speaks very positively about the culture.

Bonus for analysts was 50-75%, for associate can be up to 100%.

 

Culpa molestiae consectetur modi sit dolorum fuga. Est tenetur minus laboriosam quae. Consectetur et fuga dolore sit illum quis. Ab in iusto et ea aperiam. Harum ipsum corporis eligendi non illum tenetur.

Sit molestias velit voluptatibus sint dicta. Quos ut vitae eum unde perspiciatis recusandae. Consectetur eos quo sed sunt et cumque.

Dolor ducimus a aliquam excepturi ducimus perferendis eum. Corrupti voluptatum qui mollitia rem dicta sapiente ea. Voluptatem sunt quod aut omnis aliquid id.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”