2018 ER Bonuses

Here we go again

Let's keep this pretty simple and straightforward:
Bank: BB/MM/EB/etc.
Bonus: in USD. Also denote whether or not it's a stub.
Base: current and whether or not you got a bump.
Years experience: How long have you been doing SS ER

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Comments (24)

Jan 16, 2018 - 1:14pm

Hi bingy, check out these resources:

  • Interview for Evercore S&T ER Sales Summer analyst 2018 Please Help I just got a interview for Evercore ISI equity research sales, can someone shed some light on it. ... What should I expect at the interview? Equity Research Equity Sales sales and trade s&t Evercore ...
  • 2018 Full Time IM/ER Recruiting *DECISIONS* Timeline Megathread information. Fidelity (Boston/NH): Equity Research: First rounds beginning week of 8/21 High Grade High Income ... Alliance Bernstein (NYC): Fixed Income Research Rotational Equity Research Rotational portfolio management ... Noticed there were threads for IB, S&T and wanted to make one for IM/ ER. Opportunities for FT ...
  • Equity Research Bonuses- 2013 Associate (1.5 years exp) Base: 100k (bumped from 80k) Bonus: 40k equity research bonus 2013 2014 ... a sense where the other researchers are at given how much comp ranges for ER based on your analyst's ...
  • Equity Research Bonuses- 2015 originally, hopefully it adds context. Equity Research 2015 bonuses ... I've seen these start to pop up for IBD, S&T and others but nothing specifically for ER ... $90 from $85 Bonus: $30 (stub) EDIT: Have 3 years prior finance experience. Should've posted this ...
  • ER Bonuses: 2013 Role: 3rd/4th Year ER Associate Base: 90k (unchanged, no raise) Bonus: 50k cash (flat Y/Y) ER research ... Equity Research bonus bonuses ... on IBD and not ER or S&T so there's very few data points. It's helpful to collect as ...
  • ER Bonuses: 2012 / Stifel) Location: NYC Role: 3rd Year ER Associate Base: Raised to 90k from 80k Bonus: 50k cash ER Equity ... Research bonus bonuses ... all of the focus is on IBD and not ER so there's very few data points. I think it's helpful ...
  • 2018 Bonus Rumors were up slightly." bonus compensation to Saturday, January 6, 2018- 10:55am ... Has anyone been hearing rumors on how bonuses are looking this year? WSP: "An investment ...
  • Equity Research Bonuses- 2014 (Years experience) / BASE / BONUS / LOCATION (ex: NYC) Equity Research ... a sense of how bonuses and comp is panning out this year. Good format would be- BANK (BB /MM) / POSITION ...
  • More suggestions...

No promises, but thought I'd mention a few relevant users that work in the industry: kidnick Pabitoz bkonigsberg

Fingers crossed that one of those helps you.

Best Response
Jan 20, 2018 - 11:05pm

Oh boy, this should be interesting. I'll go first:

Bank: BB
Bonus: $24,000 prorated ($12k actual, since I started 6 months ago)
Base: $85,000, bumped up to $87,500 for next year
Years experience: half a year

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Jan 27, 2018 - 10:15pm

Can confirm numbers for two well-regarded BBs in ER:

  • Bank: BB
  • Bonus: $20,000 stub
  • Base: $85,000, bumped to $90,000 for 2018
  • Years Experience: Half a year

Second one:

  • Bank: BB
  • Bonus: $10,000 stub
  • Base: $85,000, bumped to $90,000 for 2018
  • Years Experience: Half a year

Both are for straight-out-of-undergrad first year analyst programs.

Jan 27, 2018 - 10:34pm

FYI, unless this is different at other banks, associate pay is not really linked to whether the analyst they work for is ranked. At least for the first few years or so its really about your performance and contribution and not your analysts'. That being said, its obviously easier to get exposure to sales and clients when your analyst is a top guy in his space. This is relative to other associates at your bank. If you're comparing two different banks, one with better research, you'll probably get paid more at the better shop.

Jan 28, 2018 - 11:24am

I can confirm this as well, especially if you're in your first few years in ER. It's always confused me that people seem to place so much emphasis on whether you work for an "II ranked team/analyst" when inquiring about comp when it's almost totally irrelevant until later on in your career. And note that I'm referring to larger BB/MM firms where pay tends to be more uniform/structured.

Obviously this is not to say that whether you work for an II ranked (or otherwise well regarded) analyst is a bad thing to focus on. It's actually incredibly important considering how your day-to-day work and learning opportunities are heavily tied to your analyst. But when it comes to comp at the junior level it's basically an irrelevant question, since comp is almost exclusively tied to the strength of your bank's shop. (There's obviously fluctuation around that comp level based on relative performance with the firm, but again this isn't really going to be influenced by your analyst's II ranking or anything like that.)

Feb 19, 2018 - 8:05am

Hey -- when do your bonuses pay out? Mine pays out at the end of this month. Logic implies there will be a bunch of open seats in the coming months.

I'm on the pursuit of happiness and I know everything that shine ain't always gonna be gold. I'll be fine once I get it
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