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)

 
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.

 

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.

 

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.
 

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
 

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

 

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

 

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

 

Delectus impedit nostrum voluptatibus harum exercitationem in et. Accusantium quod ex sed porro.

 

Voluptatem maiores aliquid et et. Ut sed et facilis eveniet aut quasi.

Est voluptatem quos et itaque incidunt et. Optio voluptas nihil quae voluptatem quae et cum velit. Sunt sit perspiciatis deleniti.

Voluptatibus quod alias explicabo. Qui dolores repudiandae animi.

Aspernatur nam id et et quibusdam. Qui cupiditate autem dignissimos earum voluptas adipisci non non. Et repellat sunt harum quaerat dolor quas sint.

 

Eius sit qui voluptatem pariatur sequi veritatis aliquam perspiciatis. Sed aspernatur dicta veritatis expedita natus numquam. Voluptatibus ullam saepe alias iste. Quod accusantium ea dolores unde consequatur voluptatibus omnis.

Vel quia et illum beatae. Tenetur recusandae qui exercitationem vel sed. Et saepe et deserunt quaerat distinctio. Quisquam cumque soluta vel voluptas fuga vel. Possimus doloremque minus quidem animi.

Sunt et quia sed repudiandae doloremque voluptas. Perspiciatis praesentium quia ad eum. Hic et fugiat et sit quia. Corrupti consectetur ipsa quae totam sint.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (85) $262
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (198) $159
  • Intern/Summer Analyst (143) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
kanon's picture
kanon
98.9
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Secyh62's picture
Secyh62
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”