S&T Career Progression
Can someone outline S&T career progression at a bulge bracket bank and how long people normally stay in each role and what the expected base+bonus are? ex) analyst 2 years $xxx,xxx, associate... etc.. Thanks
Absolutely, happy to help! Based on the most helpful WSO content, here's a rough outline of the career progression and compensation in Sales & Trading (S&T) at bulge bracket banks:
Analyst: This is typically a 2-3 year role. With the recent salary bumps, the all-in pay (base + bonus) is in the range of $135K-155K.
Associate: Post the analyst stint, one usually moves to an associate role. The duration in this role can vary, but it's typically around 3-4 years. The all-in pay for associates is in the range of $200K-300K.
Vice President (VP): After the associate role, one can move to a VP role. The duration in this role can also vary, but it's typically around 3-5 years. The all-in pay for VPs is in the range of $300K-500K.
Director: Post the VP stint, one can move to a Director role. The duration in this role can vary, but it's typically around 2-3 years. The all-in pay for Directors is in the range of $500K-750K.
Managing Director (MD): This is typically the highest level one can reach in S&T. The all-in pay for MDs is typically $1MM+.
Please note that these are rough estimates and actual durations and compensation can vary based on several factors including the bank, region, performance, and market conditions. Also, the recent changes in analyst pay are still being implemented and the full impact will be clearer by 2023. Hope this helps!
Sources: BB S&T Bonus Progession, How much do S&T analysts get paid
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