S&T 2024 Comp Thread

TC: 210k. 150k base, 60k bonus

Lvl: 2nd year associate on program.

YOE: 1.5

Desk performance: fixed income. Strong.

But it doesn’t really matter cause salaries and bonus on program are paid from HR so it’s fixed.

Care if I ask how big your group is? is your comp normal for VP level

Is it one of the Canadian banks?

BB?

yes, if anything the variance is wider in s&t

WSO advertises so hard to young people to buy their “break into IB course”, and I think this app is 50% or more people under the age of 25

Looking for more markets comp info across BB, the data on other forums is far worse - Glassdoor is just corporate and consumer bank staff complaining about 1-3% comp changes

What product do you trade? 

Where are you based in? 

also in exo, similar year for us.  congrats :D

Jealous. I was naive when younger getting into S&T thinking most products would have fairly similar comp trajectory.

TC: ~$450k (base $250k)
Level: ED (10 YOE)
Desk: BB

“Fantastic” year personally. Good year for group.

BB? Or prop shop

I don’t think so. Spoken to quite a few people who have said they wanted to pursue something else.

All dependent on what seat you have and where you have it

There's a lot of survivorship bias typically with threads like this. People with good comp are more likely to post and people who were laid off / zero'd out (basically told to GTFO) won't be here. That said, have heard it's a good year for a lot of shops.

ehhhh, there is like what less than 10 comments on this thread? Out of like a thousand people in S&T. Hardly a sample size 

S&T is very much a git gud or get out world. Far more meritocratic than IB but more stress since you're actually responsible for P&L on day 1 as opposed to an analyst who's sole responsibility is to make pitch decks and update excel models. People in this biz who've been around for over a decade are honestly seasoned veterans and are modern day merchants flipping assets and making money hand over fist.

Seems solid, what did you get as An3?

What was your pnl (ballpark)?

Seems in line, 250-350K looks like the range over the associate years this year. 

If this is a stub then it’s good

Which desk?

Is this the stub? Which month you started?

Analyst 1 in IB-M&A

Citi 1st year analyst in a top performing desk, mid bucket with good reviews: 25k, base increase from 110 to 115. Extremely disappointed to say the least, along with many others. Many people are looking to leave. Feels very low.

Is this a stub (i.e. did you start in June?). Doesn't seem bad if so.

EDIT: Nevermind you answered this above. Damn, I got 150 TC as an A1 back in 2015 and that was mid bucket.

This was unfortunately standard. I have heard prior years analysts got paid much better, and many hedge funds are willing to pay way more. People are very unhappy, and multiple people on my floor have quit to join competitors/clients.

James-Bonds:

TC: 175
Level: AN1 -> AN2 (MM)
YOE: 1
Role: Sales
Desk Performance: Strong

Hey is this stub year, cause that’s really good for sales. How did trading/structuring do on your desk?

What product within equities do you trade? 

bulge bracket?