So what do you guys think will be the total comp for 1st year analysts at the top banks this year? Here is my estimate (based on both facts and rumours):
sign-on: 5
base: 50
bonus: 30
TOTAL: 85k USD
Happy to hear other numbers + reasoning.
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Signing: 10k Base: 65k Bonus: 5k Total: 80k Total
Sign-on can't decrease significantly as it is usually tied in with the relocation bonus and people need a boost for apartment/car. Bases will increase if anything whereas bonuses will be shot to hell. This will be their way of "equalizing" things for a while.
Much more reasonable.
who told you that a first year in IBD was getting a 50K base? was the bank Citi?
I heard something along those lines too regarding a base salary but thought it was for something in the back office.
The world has changed. And we must change with it.
Signing bonus is still 10K - though its taxed at like 40% and it will take a year before you get a refund.
50 base cannot possibly be in IBD, and if so nowhere in your definition of "top banks". I don't know a single person with that low a base for 09' or a summer with that low a prorated base for 08'.
signing 10 base 60 bonus 0-10k
Look at the bright side:
With income under $105,000 you can now open and contribute (up to $5000) into a roth IRA.
actually, the base salary was the part I had the least info on - but it seems the overall comp range of 80-90k USD that I indicated is correct, right?
Official: for a decent BB IBD
$60K-70K base $10K signing bonus $10K-30K bonus
$80K-110K total compensation
Hopefully they iincrease the base...
Which banks have upped the Base from 60?
Signing bonus: $10K Salary: $60K Bonus: $10K-20K
Total Comp est: $80K - $90K
I know that HLHK has a base of $70K, barclays has a $15K signing bonus and GS may have raised base salaries as well for analysts in IBD
like citi and bofa/mer getting 0-10K bonuses, but why would analysts at banks like evercore and greenhill get such bonuses?
At the boutiques with restructuring practices that spread revenue over both groups, top analysts in both (even tho M&A was gone) got 70K last year.
How could they justify going to 0-10 even tho they are still getting advisory work and no tarp funds
could someone familiar with the matter comment on this
1st year analyst at one second tier boutique (think about KBW, Sandler O'Neil, Cowen) got $30K bonus in Feb. But they were also informed that bonus could be 0 next year.
Why was a 1st year analyst getting a bonus in February?
Also, some larger banks, like BarCap before Lehman acquisition, also give out bonus in Feb. But they do not used to have a very structured two-year program..
It could be that some places (such as smaller boutiques) do not do typical two-year programs, but hire analysts to stay and eventually become associates. Therefore, they will pay a stub bonus after half a year (in February) so that analysts are on par with the rest of the bank that gets bonuses at year end.
I am not sure if this is the case here, but if it is then $30K would be a pretty hefty stub, although when you take into account that you are not getting anything next year then not so much.
Only thing here is that it's a boutique like Sandler, KBW, or Cowen, and all three of those places have pretty structured analyst programs. Can't see any of those places paying stubs to first years.
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