2022 Associate Salary (new pay bumps)

Hi all - starting this trend to compare ASSOCIATE pay bumps across the industry. With bonus season already here/around the corner, thought it would be interesting to see what banks/firms are rewarding associates. My bank recently bumped yr 1-3 analysts pay to 100/105/110k but nothing yet for associates. Bonus call is scheduled for next Friday so hoping to get at least the bump to 150k.

Thanks!

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Comments (20)

  • Senior VP in S&T - Other
Jan 18, 2022 - 5:45pm

I don't think markets is getting jack shit for pay bumps above the analyst level since at some point they're going to have to pay negative bonuses to get to whatever shitty total comp they're going for. 

You'll probably going to get whatever was standard before. At my bank that would be 140 for you.

  • Associate 1 in S&T - Equities
Jan 18, 2022 - 8:50pm

Would you happen to know the general progression of an associate? Base/bonus/Total Comp?

Had an interview for a buy side role last year, learned that I was underpaid by 30k. That was without negotiation…unfortunately didn't get it though.

Most Helpful
  • Senior VP in S&T - Other
Jan 18, 2022 - 9:13pm

Base

Ao0 - 125

Ao1 - 140

Ao2 - 150

Ao3 - 160

Total will depend on a lot of factors. I was paid 190/210/225/245, but I was not a direct P&L generator.

Jan 19, 2022 - 7:06am
Future Goldman Owner, what's your opinion? Comment below:

Just got promoted to associate, new base is 150. 
 

curious for those at JP, is your first year associate base actually 175?

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Jan 19, 2022 - 5:49pm
scottsmithsonian, what's your opinion? Comment below:

would like to know this as well for S&T. 150 for 1st assoc is a bump, congrats.

assoc/VP BB base comp was traditionally:

A1, A2, A3, VP1

125, 140, 160, 175

Array
Jan 20, 2022 - 7:22pm
monkeyboy007, what's your opinion? Comment below:

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