Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Barclays S&T is 60+15, same as banking. +5 if you got hired out of their summer analyst program
60k plus 10k "settling in award" which I guess counts as a signing bonus.
don't know if trading is the same for them...actually, i don't know if they honored their trading offers from summer...
UBS IBD 60k + 10k Barclays IBD 60k + 15k
For ML, 12.5 only if you sign early. 70k for trading, unsure about banking (I'm not aware of them raising it to 62.5)
MS/GS for IBD & S&T: 70+10
Wonder if other firms will eventually raise theirs for the incoming to match the firms that are going to be paying 70k.
That would be a nice treat. I would much rather have a higher salary considering bonuses are going to be next to nil for the next few years.
GS/MS already pay their first year analysts 70k. This began late summer. It was announced as a suprise,up from 60k. Don't know how other firms can follow now- but who knows.
100k at a boutique for S&T which will remain unnamed.
just curious, trade4size, is this prop or agency trading? I assume a boutique would not have the capital to have a prop desk.
100k for a first year?! How could any first year possibly warrant that kind of base, unless your not getting a bonus. You must have made it rain this summer.
Honestly I have no idea how they are willing to pay that much. I about choked when I was given the figure I was that shocked. All I can say is it really pays to have someone thats willing to go to bat for you. Develop those relationships as early as you can.
Im assuming this is your offer? Was there any talk about bonus?
I guess that's much easier to do at a boutique (and an added benefit). There's no way I can convince the compensation committee at my BB to throw that kind of money my way.
Citi banking is 65+10
Where did you get your info from b4f? Unless they pay their regional ibd analysts less, I'm pretty sure it's 60+10
sorry just confirmed from my friend and you are correct. she initially thought it was 65 for some reason but it is indeed 60+10 still.
Yes there is a bonus. I didnt go that in depth and still only have a few details. I am being offered to help form a desk with some senior guys that I know very well. This is all very informal and clearly not the norm.
heard that goldy tech / ops is 63/10.
last year, Citadel ITAP & FTAP was 100/20, with 8 relocation. and 1st-yr bonus buckets were 40/60/100...don't know if that'll continue. execution was considerably lower.
Damn Citadel has a sick compensation package.
Turnover is high as hell but damn..
Most starting IB salaries I've heard are 60K+10
Does anyone know about DE SHAW?
http://www.deadstock.ca/ Your closet will never be the same again.
Barclays Finance 55K + 15K Bonus Citi Ops 60K + 10k Bonus
MS s&t & IBD upped to 70 + 10 in response to GS
Citadel and a lot of other hedge funds will not be paying bonuses for a while. Considering they are down significantly (Citadel down 30%), they have to make back their investors money before they pay out bonuses. This is called a watermark. Furthermore, there is even talk of a few going from 20/2 to 10/1, at least temporarily, to keep the investors from pulling their money. In this market, I would take an offer at a respectable market-making firm way ahead of an offer at a hedge fund (with a few notable exceptions).
their first year bonus buckets were 40/60/100 last year, like you aptly stated, I also doubt that this will be the case going forward...I know that their watermark problem is solved -- i think they are going to restructure their kensington/wellington funds, then reset the watermarks...I know they are moving to a different approach (they used to be one big-ass fof...but I think they are splitting it up now?).
+2.5 if sign on early (for summer interns)
damn, i didn't know some banks were offering 70+10...hmmm, should've shopped around.
Both, but im not sure how that fits in with the legalities. I really dont want to say more as this is a public forum. Posted this mostly because I wanted to show others that "bigger isnt always better".
what about other prop trading in chicago?
My offer at Wachovia is currently 60/15 (10 if you didnt accept before Aug. 15th). Lets hope it stays that way :/
Well known NYC M&A/Restructuring boutique - 75/10
Top 3 NYC BB ER - 60/10
Just got an offer for Citadel FTAP 100k base + 20k signing + 8k relocation + variable bonus
there's a PE firm in Dubai that my cousin joined right after graduating from a target in the US. His base is 85K US + 10k sign on + car (non-taxable). Not sure what his bonus will be like but most likely around the 40-50K range.
The starting salary was raised to 70k for MER S&T? Was this for people outside the summer program? Summer hires were offered 60k/12.5k, were some notified that the salary was being bumped?
85k
MM Bank, Investment Banking Analyst, Generalist - 60k + 10
McK 70+10 DE Shaw 110+20
Citigroup Sales and Trading 60+10
mck really has a base of 70??
McKinsey doesn't have a base of 70, nor a signing of 10, so that is inaccurate (unless it was negotiated and not a standard starting BA offer)
B4f: really? I've seen contracts for D.E. Shaw and they offer less than 100K base. Unless they got bumped up due to small bonuses..
http://www.afr0jacks.com/ Afro Jacks
so it seems that BB ops/fin makes pretty much the same salary+signon as the s&t and ibd? given that front office bonuses will be tiny next few years, how is this justified?
i've heard different for DE Shaw actually. less than 110K but maybe it's a case to case thing.
Recusandae molestiae temporibus aliquam quisquam. Dignissimos soluta iusto qui ut nihil nam. Dolor fugiat quas excepturi aut ducimus in. Quaerat aut numquam aperiam natus sit nostrum.
Molestiae asperiores iste sit sint. Cum maxime consequatur consectetur. Ullam similique voluptatum dolorem quis. Reprehenderit dolore non voluptas sed quos. Delectus est molestiae quisquam porro facere quibusdam ad. Et aut voluptatem minus nostrum incidunt totam.
Eos aperiam exercitationem vel aut beatae qui nulla suscipit. Quo eos dolor distinctio et eius. Deleniti quasi error rerum consectetur ab atque est repudiandae. Earum error ab iste.
Ipsum voluptas accusamus pariatur illo inventore repudiandae. Quidem et commodi eveniet sunt natus consequuntur quaerat dicta. Mollitia cum iure voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quis consequatur ab rem itaque non. Veniam dolores nesciunt ipsam et animi omnis alias. Fugit perferendis similique nesciunt numquam nihil consequuntur. Molestiae ratione voluptatum et fugit. Dolor nisi sed qui soluta. Iure deleniti nihil quae.
Architecto veritatis nobis possimus et magnam qui. Nam debitis officiis aliquam dolores voluptatem nulla. Nihil rerum quis quo dolorum hic aliquid ea libero. Dolorem et necessitatibus id omnis accusamus. Voluptatem reprehenderit ea tempora. Voluptate quasi quo occaecati porro ducimus odit.
Necessitatibus est sint sequi totam temporibus animi praesentium vel. Sunt quidem mollitia rem praesentium. Minus quia blanditiis recusandae labore quis sequi autem.
Delectus dolores consectetur sequi delectus fugit autem. Ratione alias aliquid et accusantium unde. Voluptas aut aut dolorem accusantium ut alias non. Ullam ullam commodi quia aut temporibus sed voluptates. Iste alias vel odit aperiam. Incidunt et ut aut illo veritatis. Est aut eum qui.
Ullam similique exercitationem nisi ullam. Est voluptates inventore impedit cumque.