11 Comments
 

Based on the most helpful WSO content, here's what you need to know about flow trader pay:

  • Highly Variable Pay: Pay in Sales & Trading (S&T) is highly variable and not normally distributed. The base salary floors you, but the upside can be significant.
  • VP Level Compensation: VPs can earn anywhere from $250k to $2 million. If you don't make money, you'll just get your base and a small token bonus. If you make a lot of money, you'll get paid accordingly.
  • Experienced Traders: For experienced traders, especially those at non-BB (bulge bracket) shops, compensation can range from $600k to $800k all-cash, even if they don't take much risk.
  • Top Performers: High performers can still earn over $1 million at a bank, with no limit to what could be earned at a fund. However, only a small percentage of traders achieve this level of compensation.
  • Diminishing Returns: There are diminishing returns to compensation. For example, you can't expect to be paid 3x in your $60 million PNL year compared to your $20 million PNL year.

In summary, while some posts suggest that pay in trading is below average, the reality is that it is highly variable and can be very lucrative for top performers.

Sources: Q&A: VP Trader at BB, https://www.wallstreetoasis.com/forum/trading/qa-vp-trader-at-bb?customgpt=1, Junior PM at a platform - How to negociate salary, Q&A: I'm an Agricultural Commodities Trader, https://www.wallstreetoasis.com/forum/trading/qa-pm-at-hf-former-sellside-macro-trader?customgpt=1

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

They publish annual reports and also an annual renumeration report which can be found here https://www.flowtraders.com/investors/reports-documents. Other than 2020 it's pretty bad for the past 5 years. In 2021-2022 16-18 employees got total compensation > 1 million EUR (I believe including deferred stock based compensation) and the CEO was around 1.5-1.8 million EUR. Another board member seems to get similar comp to the CEO but those may be the highest paid. In 2023 the CEO got 656k EUR total compensation.

From what I understand pay there is heavily linked to firm performance so unless firm performance improves to something closer to 2020 levels I wouldn't expect much. Senior employees may make low 7 figures in good years but not consistently. Over time it seems Flow Traders has also reduced the fraction of operating profit paid as bonuses which is not helping either.

 

Et dolores quae asperiores ab. Porro nostrum voluptatibus ad nihil dolore sunt. Hic voluptas sapiente dolorem voluptatem aliquam aspernatur. Nulla quia in nisi quod distinctio ipsum deleniti harum. Aliquid labore iusto commodi et accusamus sed.

Minus repudiandae et tenetur voluptatem. Alias voluptates aperiam repellendus maxime molestiae error ipsam. Ut ut quia nesciunt itaque vitae.

Repellendus pariatur hic consectetur doloremque esse. Laudantium fugiat quisquam unde id facilis. Debitis voluptatem vel atque. Ut magni quia totam molestiae placeat.

Doloribus quasi qui accusamus animi quis reiciendis dolorem. Consectetur delectus voluptatibus aut placeat ab deserunt. Necessitatibus voluptatem quia voluptatem amet sint.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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...”