Any banks with first year salaries under $100k?

Im curious to know what banks have not responded to the latest salary increases so please share if you can. Most intern offers should have gone out in the last week which has been the catalyst for many firms to increase.

UPDATE: There's a new up to date benchmarking thread so this is likely redundant

Unofficial running list based on benchmarking thread and comments below:

BMO (95k) - Report it has been raised to $100k
TD Securities (95k)
Truist ($87.5k)
Oppenheimer (95k)
CS (still $90k?)- Apparently moving to $100k next week
BoA ($95k)
PJT ($90k)
RBC ($95k)

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Comments (52)

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Aug 12, 2021 - 4:56pm

Man you guys focus on some petty stuff. Who cares if you very first base is 95k or 110k? After tax is such a minuscule difference. The real money is made later in your career. Focus more on learning at this point.

  • Intern in IB-M&A
Aug 12, 2021 - 5:01pm

15k difference for a fresh grad is significant. Yes the "real" (bigger) money will be made later on, but for fresh grads they could invest that extra money or use it to buy themselves something nice

Aug 12, 2021 - 5:10pm

If even one young kid realizes how stupid it is to waste time comparing a few k here and there and focuses his time on learning the ropes, modeling, etc, the comment is worth it.

I wish a senior has told me to stop fretting about the delta between top and middle bucket as a junior and the base at my bank vs another, and to just focus my energy on learning.

  • Analyst 1 in IB-M&A
Aug 12, 2021 - 7:06pm

I think there's some miscommunication. His point is that we shouldn't lose sleep over ten thousand up or down. Our point is that being paid less than equally qualified people for the same job makes us feel like women. I mean… makes us feel undervalued.

  • Analyst 1 in IB - Cov
Aug 13, 2021 - 11:27pm

Damn. Always interesting to see data points on the random boutiques. I just learned from a buddy of mine that the boutique he left paid analysts 55k a year in Texas...

Aug 17, 2021 - 4:01pm

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  • Prospect in IB-M&A
Aug 18, 2021 - 4:46am

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  • Associate 2 in IB - Gen
Nov 11, 2021 - 9:58pm

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December 2021 Investment Banking

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