Analyst pay increase: 95k base yr1

Hearing a lot of rumors that for incoming Analysts (class of 19) that base has been increased to 95k. Can others confirm this? What does this mean for current analysts, and how will it impact A2 and A3 base?

Would seem like A2 would jump from 90 -> 105 and A3 from 95 -> 112.5-115

Update (from comments):
Can 100% confirm EVR, Qatalyst, Rothschild, and PWP.

Mod Note (Andy): see below in the comments for the most recent updates (Jan 2019)

Comments (100)

Sep 18, 2018

What banks are doing this? My EB is not.

Sep 19, 2018

I know first-hand Rothschild has, and know second-hand of at least 5 other boutiques.

So far, haven't heard anything on the BB side.

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Sep 19, 2018

Thanks for the post. That's interesting... As far as I'm aware Evercore, PWP, are one of the few that pay 95k base. It'll be interesting to see how the industry follows for sure.

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Jan 4, 2019

.

Sep 18, 2018

not true

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Sep 19, 2018

Can anyone else confirm? I know EVR pays 95k Base but thats about it

    • 1
Sep 19, 2018

Can 100% confirm EVR, Qatalyst, Rothschild, and PWP.

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Sep 19, 2018

Knew about EVR, Qatalyst and CVP but had no idea Roth and PWP also followed suit.. Guess that makes your 5 haha

Does PJT pay 95k as well?

Looks like MoCo and Laz are lagging

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Sep 19, 2018

Heard Blackstone does 90 base

Sep 19, 2018

Can confirm. They offer 90k even for non-FO roles, such as their Tech team.

Sep 20, 2018

Any idea on bonuses for analysts?

Sep 19, 2018

On a different note: what is the standard signing bonus for FT these days? What do most BBs offer? $10k? $15k?

Sep 19, 2018

My BB paid out $10k

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Jan 4, 2019

My BB also offers 10k signing bonus

"If you ain't first, you're last!" - GOAT

Sep 19, 2018

When does goldman plan to follow suit lol

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Sep 19, 2018

...

Most Helpful
Sep 20, 2018

Probably for the Houston office. Doubtful elsewhere.

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Sep 20, 2018

Yup ^ haha

Sep 20, 2018

If I haven't officially signed my return offer yet, should I try and negotiate for the rumored salary increase? Also at $85k base as of now.

If someone knows a journalist at the WSJ, make them take this shit public!

    • 3
Sep 20, 2018

I wouldn't try to negotiate. if you're starting at 85, everybody else probably is as well at your firm.

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Sep 20, 2018

Isn't there months for others to follow suit? Most hires are already in place.

Sep 21, 2018

Yet pay in London still stuck in 50-53k range

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Nov 1, 2018

wtf

Jan 8, 2019

My bulge bracket was 47k base for 1st year IBD analyst London

Jan 9, 2019

GS?

Jan 8, 2019

GBP not USD?

Jan 9, 2019

Curious to know which BBs are above 50k. I know some firms are more in the 47-50k.

Jan 9, 2019

Efinancialcareers had an article in 2018, which had base salary for all BBs at 50k.

Just google "efinancialcareers 2018 pay analysts".

Sep 21, 2018

Investment banking is No.1

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Sep 21, 2018

The people who throw shits on me can do a quick search lol

Sep 21, 2018

Many people here love to live in their little delusions. FB signing bonus alone is ~95k

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Oct 11, 2018
Wall St. Thinker:

The people who throw shits on me can do a quick search lol

Why don't you provide your source? $200k consisting of what? Sign on bonus? RSUs that vest over many years? Or $200k simply the base straight out of undergrad (in which case I'd be very skeptical about).

Also keep in mind year-end bonus is much smaller for these types of jobs.

Sep 21, 2018

No. Insane is picking a job based on ~$10-15k/yr difference in post-tax dollars, instead of picking a job based on what you're interested in, good at, and what you think you want to do long term. Most people getting paid $200k at FAANGs/etc out of undergrad are software engineers, that's a completely different job and career track than finance. Vast majority of the people that go into one route, would not have the academic background, personality, or interest to go into the other. Wall Street is not losing significant talent to tech out of undergrad (i.e., not talking about exiting into corp dev) just because they don't bump salaries $10k.

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Sep 21, 2018

Cost of living in SF/Bay area is vastly different compared to NYC. Articles streamlined over the past few months stated that 130k salary in SF is close to poverty lines.

Also, getting those jobs straight out of undergrad is tough too. It is not easy.

No pain no game.

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Sep 23, 2018

are you dumb? you realise the people doing software engineering at bigtechcos are completely different to people gunning for banking right?

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Oct 2, 2018

.

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Oct 10, 2018

I'm also a engineering major and not sure what you're getting at..

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Jan 9, 2019

Cousin is a product manager with his own team at a FAANG, with a top 10 MBA and engineering school for undergad and makes
$250k cash (approximately) and $300-350k with stock in their early 30s so no, unless you are a rare talent you will not make that much in cash out of school. If you include RSUs then maybe 200k over multiple years

"If you ain't first, you're last!" - GOAT

Funniest
Sep 21, 2018

suicide

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 6
Sep 25, 2018

Out of curiosity does anyone know the signing bonuses for various EBs?

Heard CVP/EVR/PJT are top while MoCo/Laz are lagging at only 15 ish?

    • 1
Oct 10, 2018

CVP is usually like $50k with a 3yr contract.

EVR is around $20-25k w/ 2yr

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Oct 10, 2018

Do you know what Moco/Laz/HL etc pay?

Jan 9, 2019

deleted.

Oct 11, 2018

Question about stub associate comp. Previously, EBs were 150 base and BB were 125. Most of the BBs stepped up to 150 base for the 2019 incoming class. Does anyone know if any of the EBs have tried to stay ahead and bumped incoming 2019 base salaries?

Oct 16, 2018

What is the range of bonus for BB associate? 70-100% of base?

Jan 9, 2019

Deleted.

Nov 1, 2018

Any word on whether BBs are moving yet? Know that pay is going to $150k for associates now so interested to see what analysts will get.

Nov 1, 2018

Frankly won't expect pay to increase for 2019 A1, maybe by 2020 A1 unless..of course we hit a recession then even having a job will be fine.

Just my conjecture.

Jan 4, 2019

I'm so confused on the Associate salary range at BBs. Also, are As0 those who start in summer and get a stub? As1 beginning in winter and get a full-year bonus?

Jan 4, 2019

A0 is between the first couple of months on the desk post-MBA until the next year, so like September to December of their first year once they graduate.

Jan 7, 2019

Got an offer for a BB @ 85k, so not sure about the 95k bump, but maybe at EB's as OP and others have mentioned?

Jan 7, 2019

Most top middle market firms are raising salary across the board for Analysts, Associates and VPs, but they state that "total comp will remain the same." So, it's really more of a switch to more salary than bonus - I'll take the certainty.

Salaries will be constant within levels (i.e. base will not change with seniority but only with promotion to next level), and performance will be differentiated in total comp from bonuses alone. From what I've seen, new bases are as follows:
- Analyst: $95k
- Associate: $175k
- VP: $200k
- D / MD: less relevant given bonus is multiples of base

    • 4
Jan 7, 2019

What MM firms are raising analysts base to 95k? Just curious as BBs haven't even raised them

Jan 7, 2019

The likes of Piper/Jefferies/Baird/Blair are in process of changing or currently contemplating similar structures to the above

    • 1
Jan 8, 2019

Interesting stats. I guess BB's are behind the curve from what you have outlined and what I saw from other Analysts in my class.

Seems like EB and MM are trying to retain talent with higher base salary's?

Jan 8, 2019

Competitiveness and cost of living in finance hub cities, I suppose.

Jan 9, 2019

Wasn't A0 stub period and A1 raised to $150k for both not $175k.

Previously it was 125k stub to 150 A1

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Jan 9, 2019

Not at my bank / other close competitors. Essentially, there is no differentiation between A0-A3 anymore - bases are constant within each level.

Jan 10, 2019

Can confirm Evercore NY is giving 95 base for summer analysts. Was shocked myself.

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Jan 10, 2019

They've been on 95k base for atleast the past two years

Jan 15, 2019

Can confirm no A3 bump at my BB, will be 200k base

Jan 16, 2019

What is 1st/2nd year analyst base/ bonus going to be looking like for the Houston offices of the BBs and EBs?

Jan 16, 2019

Varies widely based on group.

DB pink slipped everybody in 2018 so that's probably the worst.

UBS doesn't do anything. Jefferies was on a tear in 2018 I think. Barclays was on a few notable deals. Evercore has traditionally had the highest or 2nd highest pay.

Jan 17, 2019
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