S&T 2024 Comp Thread
somehow this wasn’t started so ill go first and get it rolling:
TC: ~$425K ($220K base) VP1 at BB YOE: 7
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For this to be useful, think format should be:
TC: ~$425K ($220K base)
Level: VP1 at BB
YOE: 7
Role: Sales / Trading / Srat / etc.
Product: Distressed credit
Desk Performance: Strong
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.
TC- 615k (200k base)
Level- VP 2 (MM)
YOE- 7
Role- FICC structuring
Desk performance- Very strong
Care if I ask how big your group is? is your comp normal for VP level
Is it one of the Canadian banks?
Seems unlikely this is a Canadian bank when almost all VP salaries across the banks are around 150-160.
Bump
.
BB?
MM
Does S&T have buckets for analyst similar to IB?
yes, if anything the variance is wider in s&t
Thanks, any idea what an1 range would be?
this is how i know wso is ib centric, only a couple datapoints here compared to the other ib comp thread is jarring
bump of doom
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
TC: 300k (175k base) Level: Associate 2 (BB) YOE: 5
Role: Trading
Strong performance
What product do you trade?
.
Where are you based in?
NY
TC : 240k (175+65)
YOE : 1
trader at quant shop
fking thrilled brah
What kind of trader, execution?
TC : 1350 (base 500)
Level : ED (~11 YOE)
Desk : Exotics
Good year
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.
Could you elaborate on this? I'm joining a BB for an S&T this summer so I need to think about what desk should pursue; are some desks known for better comp?
Can you elaborate on the desk comp trajectory
TC: 800k (base 200k)
Level: Trader
YOE: 3
Product: Gas/Power
BB? Or prop shop
prop
The rumors of S&T's demise seem greatly exaggerated?
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.
Any datapoints for London? Was quite curious what’s the typical bonus range’s like for trader/structures in London. Am an incoming grad
.
TC: 700 (180 base)
Level: power phys
YOE: 3
.
SPG trading at BB
ASO1 -> ASO2. Base: 150k -> 175k. Bonus 100k
Was given great feedback and told top bucket of performers but bonus felt light. Was told bonus was at the high end of what the program allowed but generally capped until you hit VP.
Thoughts?
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.
TC: 240k (base 160k, bonus 80k)
Asso1 -> Asso 2 (BB), 10k base bump
YOE: 4
Rates Structuring
Strong performance, numbers are below my expectations...
YE: analyst 1 >>2 Total comp -145k Bonus- 35k base 110 Performer: top bucket, idk weather to be disappointed at this number or not but i am Role: Fx corporate sales
If this is a stub then it’s good
Started in april so no idea which it was
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.
Which desk?
I won’t name my desk specifically, but a non-linear fixed income desk. I will say I know that many first years across the program got paid this number, and 115 is the standard year 2 base now. Getting hit up every day now though about buyside fixed income opportunities, along with many other people, so probably just leave soon anyways
Is this the stub? Which month you started?
Nope, not stub.
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.
Nope, not stub. Full year with mid bucket reviews and positive feedback.
TC: 130k (110k base, 20k stub bonus)
Level: AN1 at BB (started in summer)
YOE: 1
Role: Trading
Product: Rates
Desk Performance: Very strong
Comments: very low bonus cap across entire analyst class ... seems like a good majority of people are upset and want out. Is this just typical for analyst pay or are we getting one pulled over on us? Seems ridiculous when associates are pulling in 4-6x the annualized analyst bonus.
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.
In terms of people quitting how senior are they? I’m hearing a lot of chatter at the VP/director level but I think we are still a couple of months out from people actually getting to new seats. Kinda feels like a big game of musical chairs with people just swapping one mid-tier BB for another. Either way good to see that there are options.
.
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?
Not stubb, 1st full year
What product within equities do you trade?
Eqd
AS3: $180K base plus $150K bonus
TC: 475k
YOE: 2
Quant trader at one of the better known shops.
VP4 in FICC Financing at a European BB in NYC: 2024 TC of $375K ($210K Base + $165K Bonus), up from 2023 TC of $355K ($210K Base + $145K Bonus)
Base unchanged at $210K for 2025 as a VP5
Commodity Trader (Gas/Power)
TC: $550k USD ($200k base + $350k bonus) new base $220k
YOE: 3
bulge bracket?
Highly unlikely, I'll assume prop shop
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