2021 Graduates IB salaries, bonus, sign-on bonuses

For those of us who are graduating college in the next month or so and starting our careers in IB....what is your salary, sign on bonus, and expected bonus. Try to state general location, type of bank, etc.

Middle-market tech focus IB in Northeast. Generalist.
Salary: 75
Sign-on: 10
Expected bonus: 35-50
Year 1 All in range: 120-150

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  • Intern in PE - LBOs
Apr 13, 2021 - 5:49pm

Any chance this is a "global boutique" HQ in Chicago?

  • Summer Associate in IB - Ind
Apr 13, 2021 - 12:49am

Associate at a balance sheet bank 

Location: south

base: $150k

sign on: $50k

Expected bonus: $75-125k

all in range: $225-275k

  • Incoming Analyst in IB - Ind
Apr 13, 2021 - 1:21pm

MM Bank in Northeast - Coverage Group

Salary: 85

Sign-on: 10

Expected bonus: not sure how to find that?

School: semi-target

  • Analyst 1 in IB - Ind
Apr 13, 2021 - 1:24pm

Analyst at "top" BB NYC industry coverage 

Base : 85k

Signing : 10k

Bonus: 40k-60k

Hours : Lord have mercy on my soul

School: No name non-target 

All In - 135k - 155k

Edit: Anyone know how "real" the GS discount is? Is my IB bonus going to be less than 40k-60k?

Apr 27, 2021 - 3:15pm

Analyst at "top" BB NYC industry coverage 

Base : 85k

Signing : 10k

Bonus: 40k-60k

Hours : Lord have mercy on my soul

School: No name non-target 

All In - 135k - 155k

Edit: Anyone know how "real" the GS discount is? Is my IB bonus going to be less than 40k-60k?

It's real, and I would expect something in the 35 - 45 range.

Array
  • Intern in IB - Gen
Apr 13, 2021 - 2:22pm

MM Bank - Coverage Group

Location: SF

Base: 85k

Signing: 10k (with clawback)

Expected Bonus: 40-60k

All-in: 135-155k

  • Analyst 1 in IB - Gen
Apr 14, 2021 - 6:42am

5bn aum doesn't mean anything. What size is the most recent fund? 

Most Helpful
  • Intern in IB - Ind
Apr 13, 2021 - 3:13pm

bro please stop with this "MM" or "BB" bullshit, that was only required when anon posting wasn't a thing, u can post the actual bank name and details unless you work at like a 1 person shop or some shit

  • Intern in IB - Gen
Apr 13, 2021 - 7:10pm

gotta be, idk of any other firm in atx that would pay that much at the analyst level

  • Analyst 1 in IB - Ind
Apr 14, 2021 - 3:03am

Is this standard in Australia? And is this an analyst 1? They're paying analysts 195K AUD all in? That sounds really high - I thought only HK paid as much as US

  • Analyst 1 in IB - Ind
Apr 14, 2021 - 3:10am

This is post BofA global US$10k base raise. Bonus may be a touch high, but not by much. European BBs pay much less.

  • Prospect in IB-M&A
Apr 13, 2021 - 8:23pm

BofA (Coverage group)

Location: NYC

Salary: $95K

Signing/relocation bonus: $10K

Estimated bonus: No idea

School: Ivy league 

  • Prospect in IB-M&A
Apr 13, 2021 - 8:56pm

Wait -- KKR... 190K... did not take offer?

Can you at least tell us what you turned this down for?

Apr 13, 2021 - 9:06pm

I personally do not care about deals ( IB or PE), however, due to the connections I have with PE firms I interviewed at MF's to practice, and to see how far I could go in the interview process. Due to the work I do, I have strong connections at a few buy-side firms ( AM, HFS, and PE) and I thought that S&T was a much stronger fit for me post-uni than any other I received. 

I am also a huge believer in culture and the culture at KKR was not the best for me, and the role I signed with I believe is the best for myself especially from a diversity standpoint. 

Additionally, with respect to the money that KKR offered, I am fortunate enough that I never have to take a job because of the money offered. In the grand scheme of things,  I will make more money at 22 years old than most human beings see within a year and I actually will enjoy my work.

I also don't care about prestige tbh, I have gone to the " Top Firms" within their respective industries for internships and it helps on a resume but much rather do what I want and enjoy the people I am around than slum it at some firm I don't enjoy being at.

If you would like to chat offline, ping me.

Cheers.

  • Analyst 1 in Research - Other
Apr 13, 2021 - 9:26pm

Barclays/Citi/BofA Research, NYC

Base: 85k

Sign on: 15k

Hours: 50-60, (earnings szn 90-100 hours)

Bonus (Annualized): 20-50k (Very dependent on desk performance)

Non Target Canadian School

  • Intern in ER
Apr 14, 2021 - 9:29am

I've never heard a bonus so high in research. Is this a growing sector (tech/biotech/sw etc.)?

  • Intern in IB-M&A
Apr 14, 2021 - 12:10pm

Also incoming BB research NYC

Base: 85k

Sign on: 12.5k

Hours: Not sure, around 60 non-earnings and guessing 90+ for earnings

Bonus: heard ranges from 20-50k

School: Top 5 in the U.S. 

  • Incoming Analyst in IB - Ind
Apr 14, 2021 - 11:08am

Wells Fargo

Location: NYC

Salary: 85k

Signing: 10k + ~5k early signing bonus

Bonus: idk, hopefully 65k is reasonable but someone at WF can feel free to tell me if not lol

Total: unclear

  • Incoming Analyst in IB - Ind
Apr 21, 2021 - 2:03am

I believe analyst bonuses are paid around August, but I'm an incoming FT IB analyst so haven't received one yet. Relocation/signing was paid in June for the internship and I would imagine a similar timeline for FT relocation bonus. Base salary is exactly the same across locations, obviously bonuses will vary by group.  

  • Prospect in IB-M&A
Apr 19, 2021 - 5:26am

Hi,

I'm curious - is this bonus normal? I assume you're at the research equivalent of EB - ISI, Berstein, Wolfe. I'm an incoming ER SA at a top ER shop and was considering making the switch to banking, but with that WLB and comp, this seems a much sweeter deal to me imo. Thoughts?

  • Associate 1 in ER
Apr 19, 2021 - 8:24am

i would say that bonus is atypical. If you are at a top shop, and hot sector, you should be compensated accordingly. many of the BB ER teams are eh, and dont really move the needle. but smaller shops where ER actually does help drive banking business it does make a difference in comp.

Wolfe btw is known to underpay their associates, especially considering how sweaty it is.

Dont let the comp make the decision for you. Do you want to be exposed to deals? Do you want to be a sector/company expert? Those questions should lead you down a particular path. Exits aren't all that different, HFs are obviously doable, especially since you'll be having direct communication with them once you are licensed. Corp dev is not out of the question too (that is what I am planning on in a few years, we'll see how that works out). 

  • Intern in IB - CB
Apr 14, 2021 - 12:17pm

Japanese bank in NYC, corporate banking coverage group

Salary: 85k

Sign-on: 10k

Expected bonus: 25k-35k

Total first year expected comp: 120-130k

I'm really pleased to be getting this kind of comp with the better WLB of corporate banking but I hear they've been super busy recently so we'll see

Apr 15, 2021 - 11:56am

Definitely not - I would say normal hours are 50-60. My hours have been super lax since I started because 1) it's virtual, and it's difficult to on-board a new analyst virtually, and 2) by circumstance a bunch of the deals I'm staffed on are involved in legal issues that have slowed workflow to a crawl. 

  • Analyst 1 in AM - Equities
Apr 14, 2021 - 7:28pm

Incoming analyst in AM at a BB

Base 85k 

Signing 10k 

Expected Bonus 15-30% of base

Apr 14, 2021 - 8:39pm

Seeing threads like these makes me regret going into public accounting. Class of 2021 here as well. Hoping to get my MBA and then go into IB and may HF one day

Small specialized firm

$58,000 salary

No sign-on

LCOL in Midwest

  • Incoming Analyst in IB - Gen
Apr 14, 2021 - 10:00pm

MM in Southeast

Generalist - Group Placement TBD

Base: 80k

Sign-On: 12k

Bonus: ~35k

All-In: ~130k

  • NA in IB-M&A
Apr 14, 2021 - 11:54pm

Idk about others, but if I posted the name of my company everyone would know who I was. Only on boarding 2 analyst right now to their roughly team of 125 bankers..

  • Intern in IB - Gen
Apr 15, 2021 - 12:16am

Lol no. I can already tell what firm some of these right down to the city because of the very specific sign on bonus numbers given, which I know pertains to exactly which bank.

  • Associate 1 in IB - Gen
Apr 19, 2021 - 2:05pm

"Top" MM (HW/WB/Baird)

Base: 150

Sign On: 40

Expected Bonus Full Year 1: 75-100

All in Year 1: 240-270 (base bumps)

School: Top 10 MBA

  • Business School in IB - Gen
Apr 20, 2021 - 9:39am

Did you recruit specifically for MM/specific locations?

  • Associate 1 in IB - Gen
Apr 20, 2021 - 10:46am

I did.

Had a few BB offers but thought the value prop for post-MBA made more sense at these MMs/locations. A decent # of classmates did the same.

Apr 26, 2021 - 9:48pm

What firm/"tier" if you don't mind? Didn't know there was much of IB or trading in Dallas

Array

  • Prospect in IB - Gen
Apr 21, 2021 - 4:33am

Bank: GS, Financing product team

City: London

Base: £50k

Sign-on: £6k

Est. bonus: £25-45k (rough estimate based on rumours)

School: EU target

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