2014 WSO Rankings for Investment Banks: Compensation (Part 5 of 10)

Ever heard of a $0 bonus on Wall St? Obviously, it was much more frequent in 2008 and 2009... but that nightmare scenario can still play out if your group has a particularly bad year. The firms below tend to pay well very well relative to their peers, so you won't have to worry about getting a "donut" come bonus time. Below are the top 30 firms ranked for the question

"How are you paid relative to similar jobs elsewhere?"
Congrats to all the banks that made the list! Anyone ever get a donut from one of these firms in the community??

Remember, these firms are all ranked on a PERCENTILE basis across all 5,000 companies in the WSO Company Database based on thousands of WSO member rankings. Feel free to share the rankings below on your site by copying the html code below the graphic. Stay tuned because THIS Thursday, January 8th we are going to be announcing the investment banks with the best senior management (best communication, teamwork, etc)!

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Missed an earlier part of the 2014 WSO Community Rankings - Investment Banks? Click below:

Part 1: 2014 WSO Rankings for Investment Banks: Release Schedule
Part 2: 2014 WSO Rankings for Investment Banks: Career
Part 3: 2014 WSO Rankings for Investment Banks: Interviews
Part 4: 2014 WSO Rankings for Investment Banks: Promotions & Fairness

 
Best Response

Haven't seen the data but ball park "Street" with targeted higher end bonuses (since the high end is the only thing people here care about!)...

Analyst: 80-100 (100% base as bonus target) Associate: 120-170 (100% base as bonus. If you got the VP promote generally $350K with ~25-35K deferred comp) VP: $175-200 (variable, good VP at $500) Director: ~$220-250K (variable) Managing director: $325-375K (variable)

A good rule of thumb is every time you go up two layers that person has a base salary equal to the total comp of the layer two down. ie A VPs base is equal to an analyst all in.

Director/MD is extremely variable just threw that in there for fun. One thing for sure.. Base salaries have gone no where but up the last 6 years...

Now let all the monkey shit fly because the extreme outliers like "that one" e-boutique guy who made $200+ wasn't included!

 
WallStreetPlayboys:

Haven't seen the data but **ball park** "Street" with targeted higher end bonuses (since the high end is the only thing people here care about!)...

Analyst: 80-100 (100% base as bonus target)
Associate: 120-170 (100% base as bonus. If you got the VP promote generally $350K with ~25-35K deferred comp)

Sorry, but am I understanding that all-in comp for Analyst is 80-100k? And Associate is 120-170k? That would mean given the 85k bump, top bucket bonuses are within 15k for analysts?

Maybe I'm just understanding you wrong though...

 

You are misreading.

The first number is base salary then 100% is the targeted bonus for a top or near top performer. Maybe it wasn't clear?

If your base is $100 and you are a top performer, your bonus is also $100. This is the proxy.

If you're an associate and make $160K base, and get promoted, you're getting about $350 all in. ($190K bonus - about $25-35K - something meaningless) is deferred

As you can see, the point of Wall Street is to 100% ignore the analyst and associate pay. You want to get up the chain as fast as possible. A good VP makes more than an analyst does over ~2.5 years ina single year.

 

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Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
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