IB Comp Progression at BB
I've found it hard to get visibility into how BB comp evolves.
So wanted to share my numbers in case helpful for others considering IB path.
Admittedly, also a bit curious how it stacks up vs. peers of a similar vintage.
- 2019 (A0)
- Base: $125k
- Bonus: $50k
- % Deferred: 0%
- TC: $175k
Ranking: Stub Year
- 2020 (A1)
- Base: $150k
- Bonus: $100k
- % Deferred: 25%
- TC: $250k
- Ranking: Mid
- 2021 (A2)
- Base: $175-200k
- Bonus: $212.5k
- % Deferred: 25%
- TC: $400k
- Ranking: Upper Mid
- Note: COVID-era base increase midway though year
- 2022 (A3)
- Base: $225k
- Bonus: $266k
- % Deferred: 25%
- TC: $491k
- Ranking: Top
- 2023 (VP1)
- Base: $250k
- Bonus: $260k
- % Deferred: 25%
- TC: $510k
- Ranking: Mid
- 2024 (VP2)
- Base: $275k
- Bonus: $375k
- % Deferred: 25%
- TC: $650k
- Ranking: Top
- 2025 (VP3)
- Base: $275k
- Bonus: $525k
- % Deferred: 30%
- TC: $800k
- Ranking: Top
Actually looks a bit high compared to a few people I know who started around that time. I entered trading in around 2017-2018 at a BB and a lot of the bankers I know who worked there are below that. Congrats on the solid comp progress, 4X in 6 years is nothing to scoff at
Can you tell us what bank please
Congrats. What type of team are you in (product/coverage etc)
My comp pretty similar to yours. I was an A2A promote. If numbers are off slightly it is from me forgetting exact base /bonus but total comp numbers are accurate. Mix of top MM for first couple associate years and then mid- BB. For reference for others:
Analyst 3:
TC $250-270k
A1:
Bonus: $150k
TC: $300k
A2:
Bonus: $200k
TC: $400k
A3:
Bonus: $275 (guarantee from moving)
TC: $500k
VP1:
Bonus: $275k
TC: $525k
VP2:
Bonus: $325k
TC: $625k
VP3:
Bonus: $525k
TC: $800k
Nice. How was your vp2 base higher than vp3?
Haha it wasn’t, as mentioned if it is messed up it’s cause I only remembered the exact TC and forget what bonus / base split was that year
It’s what I’d expect for a good performer. Probably underpaid a bit as associate and catching up solidly as a VP
If that’s low for an associate, then BofA really is fucking ruining me
Is 800k a fair median for a BB VP3? Seems like there’s a good step up from VP2 to VP3
No - it’s a very good number. It means the firm has the individual on an MD path. At a bulge bracket, you read very heavily into VP3 numbers. Having sat on that committee, more than any one year, you send messages with comp about long term prospects. At a boutique it’s different, much more about firm performance.
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