Just wanted to compile and refresh the banks I know that have raised analyst base. Am I missing anything?
New Truist 87.5/92.5/97.5
CS-90/95/100
HSBC-90/95/100
Mizuho-90/95/100
HL-90/100/110
RBC-95/100/105
BAML-95/105
New JPM 100/105/110
New Harris Williams 100/105/110
Gugg-100/110/125
Piper-100/115
Roths-105/115
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Are EB really not going to increase at all?
Why would they? They already pay above street bonuses
CVP blew a lot of them out of the water and roths updated their base (MM though). So maybe?
surely with this number of firms increasing they have to respond with something ??
Any BBS?
Any BBS?
Cs and baML
.
JPM specifically said they wouldn’t
Edit: No need to shit. They did say that then backtracked
Didn't age well LOL
When JPM said they won’t increase pay?
BUMP
odds total comp looks the same once bonuses hit?
I feel like for banks that only raised base to 90, its pretty easy for them to slyly keep total comp the same. cant imagine anyone would be happy at gugg for example if they got 15k lower bonus though
Someone on the Rothschild thread said that they are moving more toward fixed comp but then deleted their comment so idk
My guess is that some banks are going to try this and then have high turnover. some banks are going to realize that it is a low cost really at the end of the day and pay more.
Most banks measure on total comp rather than bonus being a percentage of base so yeah, I'd anticipate lower bonuses to make up for the lost cash with the higher base salaries. If not and I stand corrected then big congrats on that.
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Any info on international banks? BNPP, Nomura etc?
Anyone know about Truist?
87.5 / 92.5 / 97.5
lol thats so obscure but good for them
Is this for incoming FTs across all cities? Can't seem to find anything about this. Just two people on another post regarding Truist said analysts got "six-figure bonuses" you can probably find the post it was from today. Not sure what is true at all now. Thank you.
they raised base pay $2.5k? That’s almost worse than not raising
Info on BMO Cap M?
Seriously! Like wtf is going on with BMO?
Heard that they didn't move base but will scale through bonus RIP
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MS needs to take one for the team and increase base pay so that JPM/GS have to follow - JPM outright said they wouldn't and we all know GS cheap ass isn't gonna do anything if they don't absolutely have too.
I feel like if top banks can continue attracting talent without raising pay, why would they. I hope all pay is raised but the biggest name to do so thus far is either baml or guggenheim. I remember in one thread someone who worked at Evercore was told by leadership that they don’t index against baml so no reason to raise pay, it’s dumb but it’s true.
theyre losing a ton of top talent at wharton at least... most would 100% prefer EB
Any word on TD?
95 CAD
Can anyone comment on what Harris Williams bumped to
100/105/110
Holy shit
Imagine this for a 22 year old in Richmond VA lol
Did the associates get an increase?
Any salary bump from Blair?
Leerink?
bump
Updated**
Anl: 100/110/125
Asc: 175/200/225
Thanks. How were bonuses this year with the uptick in deal flow?
Can someone confirm this?
Any word on Nomura?
Bump. Haven't heard anything. Not seems that they will raise base in the near term
bump, have heard they pay up to retain talent
Nomura just bumped base to 100 for first-years.
source?
Can confirm
Tobin & Co?
0/0/0
Is Citi only one out of the none GS JPM MS BB that hasn't raised?
Barclays hasnt either
Nor has UBS or db
why does lazard still pay 1st years 85k? definitely low by EB standards
Is this confirmed that they haven’t bumped up pay?
yep - have spoken to multiple analysts there
so interns not getting the increase? letter says 85, is that something that will be updated?
Does anyone know if associate pay is getting raised also?
Ik for most, if not all, associates are getting bumped to 175/200/225
lmao why do these numbers look like league of legends patch notes
Anything on Wells fargo?
HSBC is incorrect
They’re still at 85? There was another thread where people said they bumped to 90
thread link? Recently got an offer at 85
Is this for s&t as well?
not that i know of
Pretty sure BAML is still at 85k. If it’s been bumped, no one has told me....
I heard it's only IBD, not S&T or ER
😢
same story with JPM
Any info on Citigroup?
Bump
Does anyone know if there has been an increase in base at Baird? Been trying to lateral there
Don’t believe so. Someone in another baird thread said that it will occur in the next two months
Yes - analyst base is now $115k
Damnnnnnnnn
For first year? Jeez
Are associates still $175?
JPM Update - Analyst raises are official, but nothing yet for associates. Seem likely associates will also get a bump in the coming days.
First year - $100k
Second year - $105k
Third year - $110k
Just IB or S&T as well?
I hope so man, us markets guys drove most of the revenue last year and got worked hard too
Huge, seems likely the other BBs will catch on then
How did they announce this?
staffer called us
Heard from staffer as well
They still have a 3-yr program??
Pretty sure they are phasing the 3 year analyst program out.
3 yr program is still in play
Will this apply to all incoming analysts as well?
Was there any written documentation or announcement on this? I'm currently an analyst at said bank. Didn't hear anything about this, and were told they weren't going to make a move.
Does this apply to incoming analysts? Or 2022 new hires
Should apply to all investment banking analysts at JPM regardless of when you were hired. It was said to take effect within the next week or two.
.
They still have a 3-yr program??
Anyone have pay updates on Wells Fargo/DB, PJ Sol/Keybanc and other MMs?
Interested to see if JPM causes 100k to be the new BB standard.
Let us all pray
Evercore’s absence from the list is more proof Weinburg has ruined the place
So I won't argue about evercore losing its luster, but how much do you guys actually think it's JW versus the effort to grow the bank well beyond the size of other independent advisory firms (boutique seems like a silly way to describe evercore now)? Was that growth target really from JW or was it kicked off by RS?
Just interested for discussion purposes.
It’s JW. Rolling out tried-and-true GS playbook of leveraging brand equity / prestige to lower comp. There’s probably a cult-y, Stockholm-y, reason why, since raising junior pay back to top-of-street would have a minimal impact on headcount or topline.
This aged like fine milk
Any update on GCA Advisors / USA Advisors?
MS now surely have to follow suit after JPM...? Goldman too cheap to copy
With the JPM bump do you guys think most BB's and MM's will have to follow? / for the group who bumped up to 90 to bump up again to 100?
They better… eyeing Citi and Goldman….
This is why you always use multiple comps
&& Barclays lol
Would it make sense to take JPM over MS/GS now? If you get M&A or HC?
JPM is a fine bank in any group, jsut focus on getting an offer and then you can make another post asking which offer is best.
I have a JPM offer and after speaking to contacts would most likely get M&A or HC (although very competitive and a risk). I also am waiting for GS which should be coming in July.
Thus, would people take JPM over GS/MS?
No. People still wouldn’t take JPM over MS / GS. 10-20k during your analyst years is nothing. I can guarantee that MS / GS is going to follow the street in base pay.
How did Mizuho announce? Did they only increase AN or also ASO?
Don’t know for associates. Email was sent to incoming analysts
Any views on whether PJT / Moelis / Evercore will now raise?
Surely they will feel pressured to match new guggenheim / Rothschild base?
Can someone explain why they wouldn't? Half their selling point is the top comp?
Moelis base has always been lower than PJT / EVR at 85 fwiw, though 85 was street and the bonus range averaged higher than BBs
where tf is barclays
Anyone think Blair/Baird will follow?
Baird is apparently having a call to discuss comp (source from another thread), but I imagine with JPM making a move, BBs and MMs who index against "street" pay will eventually follow suit. Especially since Blair prides themselves in paying "above street", I can't imagine them not eventually caving and matching base bumps. Not sure the implications for total comp though.
Baird raising analyst base to 115
god damn
All first-year analysts start at $115k?
Associates staying at $175?
bump
Any idea if firms are changing their Associate 1 promotion bonuses or are they staying at $40k?
I’m an AN2 at RBC, but haven’t heard anything from mgmt or about junior pay increases, despite being on the list. Anyone in the same boat?
Did you ever get an update?
I believe I saw some post earlier about Nomura raising base salary but cannot find it. Can anyone confirm this?
Incoming analyst here.
following
SMBC 1st year analyst is $85k base + $10k signing bonus + yearly discretionary bonus (unknown amount).
Will this cause BX/KKR/etc to raise their analyst and associate bases too?
Thoughts on Barclays / Citi / DB / UBS raising base?
.
yeah my guy, this didn’t age well
Interested as well given Citi's goal of becoming a top-three investment bank and Deutsche's awkward position as it still recovers
Wasnt DB the only BB that didnt pay full salary of 10 weeks prorated for interns last year lol? Pretty sure it was like 4 or 6 weeks.
Barclays confirmed 15k pay increase to base for analysts worldwide, 25k increase to base for associates
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