Bonus/Salary at Boutiques

24hours's picture
Rank: Monkey | banana points 53

Hey Guys,

Just wondering what is the bonus and salary for 1st year and 2nd year analysts at the following boutique banks:

Greenhill
Moelis
Blackstone
Lazard
Evercore

Just trying to get an idea

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Comments (146)

Apr 2, 2010

These are going to have much higher compensation than the average boutique. all of these firms are quite elite... while they may be considered "boutique" because of size, they do some meaty deals.

Aug 31, 2017

boutique rank:

top: Evercore, Lazard, pjt, Moelis
mid: Greenhill, pwp, centerview
bottom: HL, Jefferies
sea floor: Baird of the world

Apr 9, 2010

I'm curious to know the difference in comp between the BB's and Boutiques too. Most (if not all?) of the boutiques listed above don't have the balance sheets to drive deals and focus on pure advisory so you would think that their comp would be less because of their lack of ecm / dcm business. But on the flip, the revenue per banker would be much higher for boutiques because they don't have as many staff and this would probably flow through to bonuses as well. They also would presumably have less overheads.
The reason I ask is because everyone needs to make this choice at some stage in their career: boutique or BB and whilst the work in boutiques would probably be more interesting as opposed to some of the BB's who would spend 70% of their time marketing ideas, you need to look at what your end game is. If it's money, then the above question regarding comp differences becomes important because you are going to be inclined to endure the marketing boredom if the incremental bonus from your underwriting deals is significant.

Apr 3, 2010

Greenhill, Evercore, PWP and Centerview I know for sure pays above market. 75k starting or above. Bonus at least 10% higher than street plus some other incentives (company stock option, coinvest on PE side, etc)

Moelis and Lazard pay 70k starting. Lazard gave good bonuses last year. Moelis is about street.

Apr 3, 2010

Moelis is not in the same league as the other banks you list. Replace with Centerview.

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Apr 3, 2010

What about bonus at top MMs (aka. JEF/HLHZ/WF/HW) in a normal year? Would appreciate if someone can shed light on this

Apr 3, 2010

elite boutiques pay on par street or higher. top MMs are usually on par with street (unless you're in a small regional office), although i know blair and hw pay above street in bonuses in good years.

Apr 3, 2010

Evercore salary / sign on - 70 / 17.5
Greenhilll salary / sign on - 75 / 10

Apr 18, 2018

.

Apr 10, 2010
baloogafish:

Evercore salary / sign on - 70 / 17.5
Greenhilll salary / sign on - 75 / 10

I've heard Greenhill also had 10k in stock on top of the 10k signing. And that bonuses were ~50k for 08-09 and ~70k for 07-08.

Apr 3, 2010

I am quiet surprised that Moelis is not above street as well. Most bankers at that firm I have talked to had offers at other places and I feel like people would leave. But what do I know. So the bonus/salary level of Moelis is not close to Evercore/Greenhill? Thats good to know

Apr 10, 2010

also if anyone has info on the salary at Big4 Transaction Services, please share it with us! thanx

Apr 10, 2010
Apr 3, 2010

Moelis sign on is 15K?

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Apr 3, 2010
hahaha:

Moelis sign on is 15K?

No. Who told you that? 10k for last year I believe.

Apr 10, 2010

bump

Apr 10, 2010

uh. do a search, but restating what has already been said countless times on the board: boutiques/MM banks usually pay street minus 10-20, 10-30? I think a safe estimate would be 75% of what the BB's are paying.

Apr 3, 2010

oh okay...no one. I was extrapolating from what I have heard summer interns are getting as their summer sign on bonus.

Apr 10, 2010

Boutiques can vary widely. Most pay street ($60k) or a bit (max 10%) above. Some smaller, lesser known boutiques may pay up to 20% or so less.

  • Capt K
Apr 10, 2010

Thanks for the info Capt K. Does anyone else have any comments?

Apr 10, 2010

Umm, 2 I know of here in DC offered me in 2007 42.5k base and 50k base.

Apr 9, 2010

Moelis is 10k, have a friend there.

Jef is not a boutique either and WF is not middle market.

Apr 3, 2010
boutiquebank4life:

Moelis is 10k, have a friend there.

Jef is not a boutique either and WF is not middle market.

I agree, JEF is full-service with a focus on middle-market. WF is not MM in debt and equity offering, but in M&A they do a large number of mid-market deals. The majority of their advisory business is generated from Barrington Associates, which was def an MM and was acquired by WF last year (they were a subsidiary of WF before the acquisition)

Would it be fair to say that those solid MMs pay handsome bonus in a normal year, say 80% to 100% of the base?

Apr 3, 2010

Just wondering, what is your friend's opinion on Moelis as a company to work for?

Apr 10, 2010

60k

Apr 10, 2010
monty09:

60k

More like 25-35k.

Apr 10, 2010

getting boned by your MD because you do not know how to spell "insight"

Apr 10, 2010

.

Apr 10, 2010

I'm beginning FT at a MM in July, and from speaking with a couple of analysts there, they expect 1st years to be between $45-55k. They're expecting about 10-15% more as 2nd year analysts. It's not an elite boutique, but it's a fairly well-known MM bank.

Apr 10, 2010

My best guess is $45K - $60K

Apr 10, 2010

MoneyKingdom / stang6988, what are your estimates based on? Do either of you guys work at a boutique or know people there or what?

Apr 10, 2010

FWIW, bkm, the comp at the bank I mentioned above has been just about the exact same as the comp at these elite shops you have mentioned over the past few years.

Apr 10, 2010

cool - thanks

Apr 9, 2010

Moelis bonuses were well above street. Not sure where you guys are getting your facts. Probably from the same guy that said that they did no deals in 2009. LoL

Apr 10, 2010

i heard top bucket Rothschild was 75k. Lazard 50k.

Apr 10, 2010

Would also be interested in hearing the spread for each of the firms listed.

Apr 18, 2018

.

Apr 10, 2010
nonskaterhater:

All in all, Evercore definitely treats you well from the pay side.

Must be a senior going to Evercore. Plugging your firm 3 months after the thread died.

Apr 10, 2010

I know people from Lazard who received 70K and had a friend from Rothschild who received 85K.

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Apr 10, 2010

Would be curious about numbers for Qatalyst and Blackstone if anyone has them.

Apr 3, 2010

heard from a reliable source that 1st years at qatalyst and centerview pulled triple digit bonus last year. significant dropoff below those two...

Apr 10, 2010

holy shit, seriously?

Apr 10, 2010

yeah..centerview made way above 100k for 1st year. I can confrim that too. Not sure about qatalyst but I would not doubt it since Frank is literally grabbing market shares from GS and ms in the tech space

Apr 10, 2010

Yeah, I am not sure about triple digit bonuses, but a friend told me that 1st year top bucket made 85k. I still dont buy it though

PWB is another one that pays huge bonuses

Apr 10, 2010

Wow, if Centerview paid $100k+ in 1st year bonuses, then that means 1Y Analysts made more than most Associates made at the bulge brackets.

In other words, that is very good compensation. I guess that's what happens when you stay lean and focus your hiring on top talent only.

Apr 10, 2010

.

Apr 10, 2010

Most believable would be over $100k all-in; but if it's a $100k bonus, then good for them! just like the glory days of 2007...

Apr 10, 2010
jackofalltrades:

Most believable would be over $100k all-in; but if it's a $100k bonus, then good for them! just like the glory days of 2007...

Centerview paying $100k all-in is not even close. UBS paid ~$110k all-in this year.

Given that they pay well above street, I'm guessing ~$150k all-in for 1st years at Centerview.

Apr 10, 2010

Evercore and Lazard paid Street. Believe Lazard was very slightly lower than EVR.

Apr 10, 2010
no homo:

Evercore and Lazard paid Street. Believe Lazard was very slightly lower than EVR.

EVR paid high 70's for top bracket

Apr 10, 2010

it was just bonus alone... i was shocked when i heard the #,too. But I guess he didn't need to lie

Apr 10, 2010

I know a guy at a new elite boutique who made $85K first year bonus with $75K base and $15K signon.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

Apr 10, 2010

Lazard supposedly pays at the street, but Evercore pays higher then street probably mid 70's this year. PWP is also heard to be paying above street but no confirmation about that. Greenhill pays at street. Centerview had a pretty stron year in 09 so thats why they prolly paid higher.

Apr 10, 2010

Dude I just heard from a friend at BNP. this is official,; the first year top bucket bonus was around 110K!! No shit! PWP is following suit

Apr 10, 2010

I have also heard that EVR pays above street at both analyst and associate levels.

Apr 10, 2010
Cartwright:

I have also heard that EVR pays above street at both analyst and associate levels.

2nd

Apr 10, 2010

I heard Blue Horseshoe loves Anacott Steel.

Apr 10, 2010
copia22:

I heard Blue Horseshoe loves Anacott Steel.

I can confirm this...I heard it too.

Regards

Apr 10, 2010

Looks like you accepted an offer there. Stop being such an insecure bitch, asking the same kind of questions in every thread. It's just a summer. If you don't like it there, fucking shop your offer around. You will get a good feel for your firm over the summer. Keep networking and build contacts for FT if you want to move around.

Apr 10, 2010

Bump

Apr 10, 2010

90-115K sounds a little too high for a no-name boutique. Expect around 65-85k all in.

Apr 10, 2010

He didn't say no-name, he said regional and well regarded. It could be 90-115, but I'd expect closer to the lower side of that. Also, you're interviewing for an internship, normally FT pay wouldn't come up. If this is your only option for an SA, I'd take it regardless of comp. If the comp ends up being shitty, leverage the internship for something better. It's their fault if they don't offer a comp package that convinces you to work for them. Of course, if they have friends in the business (which they probably do), burning them could bite you in the ass.

Apr 10, 2010

It's not my only opportunity, the season is still early and I have other interviews, I spent my last summer at a MM and the reason that this appeared interesting is that they are strong in an area of interest for me. I just figured I'd head out to the interview as it would be nice to have the offer to leverage with the MMs I am applying at. Do you think that since it's in Boston comp will be lower?

Apr 10, 2010

Honestly I've got no clue, and without more information then you probably want to share in public, I highly doubt anyone here can give you a good answer.

Apr 10, 2010

It's a smaller shop 10-15 people, lower MM focus, 2 offices, Boston and another Tier 2 city. Top executives are from top tier BBs and MBAs, travel heavy, I don't want to give out the boutiques name. They do mostly M&A, with some fairness opinions, restructuring, Corp fin and secondary offerings.

Apr 10, 2010

Based on the above and an offer I had from similar this:

90-115K sounds a little too high for a no-name boutique. Expect around 65-85k all in.

Sounds about right.

Apr 10, 2010

55k base, no sign on, 50% bonus around 80k all in. first year analyst.

Apr 10, 2010

Honestly that doesn't sound too bad. I'm betting that the hours are only going to be in the 40-60 hour range. So not horrendous, but not ideal. @barboon think there is any wiggle room on base?

Apr 10, 2010

I was quoted 50-60 hours during my interview for a boutique (follow-up 2nd round interview is this Friday). Do you think he was just being nice and trying to sugarcoat the hours or does that seem legit? I almost would rather work more then that and just get paid more, but then again, it would be hard to complain about 50-60 @ 80-85k.

My name is Nicky, but you can call me Dre.

Apr 10, 2010

Too many variables to make a decent guess. I work at a regional boutique too and the IBD analysts start at 80k and bonus is on par with the street but I've heard of many places paying substantially less.

If the hours are that low, I think it justifies the lower pay but it that says something about deal flow.

Apr 10, 2010

Sirbakealot, barrington is old news and not really relevant anymore and has been absorbed within the main merger of WF/wach. It is true WF is top in Debt/Equity as seen http://www.americanbanker.com/syndication/wells-ai...
but for U.S. 3Q and 4Q it was also 8th and 12th which was above 2 BB's for M&A.

Apr 10, 2010

Also interested for Moelis

Apr 10, 2010

Moelis is street, I can tell you that.

Curious to know what it was last year though.

Apr 10, 2010

,

Apr 10, 2010

Anyone have any idea on how much better?

Apr 10, 2010

how much is street?

Apr 10, 2010

Need to know that as well, and how it has been the past few years.

This year: Street bottom bucket might be as low as 40k.

Apr 10, 2010

This is also outdated, but I know GHL paid incoming associates above street a couple years ago. I forget exact numbers, but signing bonus + salary was like $20-30K higher than every other bank. Would be very curious to hear how associates fared this year, especially at some of the private shops (Moelis, Perella, etc.)

Apr 10, 2010

None of you "need" to know what boutiques pay 1st years a few thousand more or less than others...they all pay well and that's really it. Base your decisions on more important factors.

    • 1
    • 2
Apr 10, 2010

Yes Blackstone pays analysts the same bonus (because the analyst class is small, and because they don't want people putting in worthless facetime). I think it's usually slightly above the street's top bucket.

But yes I agree with the above posts that earning a few thousand dollars more or less as a first year is pretty trivial. Go for places like Greenhill or Blackstone because they have fantastic cultures, not because you want to make more than your friends.

Apr 10, 2010

Dude, no one is basing a decision on this and I am not starting a dick measuring contest here. Just want to get some facts straight.

Just asked a very simple question.

Does anyone here have numbers?

    • 1
Apr 10, 2010

Following up...any hard numbers?

Apr 10, 2010

People around me seems to be earning 100K base + 60-100% Bonus for 3rd Year+/Associate level at boutique banks.

Apr 10, 2010

That sounds a little low for base salary (bonus numbers are generally low these days and have a high beta between firms). I think market for first year associates is 115-125k. There are outliers, of course.

Apr 10, 2010

How about 2nd year Analyst salary numbers? Also, are those numbers for a second-tier city (in terms of finance)?

Thanks

Apr 10, 2010

Those are New York numbers. But I wouldn't expect base salary to deviate too much in other regions (maybe 10-15 percent lower).

I think second year analysts at the firm I worked at made 75k base. But that could be wrong. Maybe it was 80 or 85k.

Apr 10, 2010

Based on your discussions w/ boutique banks, will they hire someone as an experienced analyst/associate without previous banking experience?

I work in risk/valuation/analytics position at a respected Asset Management firm and have been looking for opportunities in investment banking recently, but the feedback I have gotten from these banks indicates that you'll be starting at the very bottom, in a class of fresh out of college analysts, if you don't have previous I-banking experience. Just curious what your feelings on this are based on your discussions w/ boutique banks and your background.

Apr 10, 2010

The answer to your question hinges on the organizational structure and culture of the boutique.

If you find boutiques with no set Analyst/Associate hierarchy, then you'll just be the most junior person.

If you apply to boutiques with a defined Associate and Analyst position, its obvious.

In my experience with speaking to boutiques, there is no "class of fresh out of college analysts" -- you're just the most junior person there. Depending on your fit with the team, they're either gonna be willing to take a chance on you and "train" you if needed, or they're going to move onto another candidate they think is a better fit (fit including a myriad of variables such as direct experience)

Apr 10, 2010

2nd year analyst, expect 80-90k base depending on the shop

Apr 10, 2010

Elite boutique or smaller shop? Sounds about right if it is a regional boutique- street is only 10k more.

Apr 10, 2010

smaller shop...about 10 people

Apr 10, 2010

Sounds about right.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

Apr 10, 2010

Sounds right - bonus will be wildly different based on what happens during the year.

Apr 10, 2010

bump

Apr 10, 2010

Some haven't paid yet, wait a couple of months

Apr 10, 2010

bump. Numbers should have been announced by now.

Apr 10, 2010

Should also mention I'm speaking to the analyst level.

Apr 10, 2010

Haha I would kill for 5% of fees

Apr 10, 2010

Not standard at all. 5% of fees is fucking amazing, assuming of course that you actually close deals.

$50mm M&A deal at a blended average 2% fee is $1mm. Let's say it's a referral and 20% goes to wealth manager - down to $800K. 5% of that would net you $40K. Close two deals in a year and you are absolutely crushing it for an analyst.

Was the salary decent?

Apr 10, 2010

Be sure to find out more about the "5%". Some firms may "automatically" take a percentage off the top.

Apr 10, 2010

What is the base?

I have heard of this 5% story before. If it's too good to be true, it is. How many deals does your firm close in a year? What kind of deals do they work on? Some small boutiques do capital raising (although they say they do M&A, ECM, DCM), who wants to do ECM, DCM or M&A with a boutique? Boutiques are always more expensive and some charge outrageous (retainers') fees. If they close 2 - 3 deals, and charge what 2 - 3% (yes, they are ****ing expensive!), the total transaction value is $50MN, that's 1MN before tax (to the firm, ignoring any admin expenses). 5% means you are getting what $50k on top of the base? No way, you won't be getting that.

That incentive structure sounds ridiculous to me.

Join a good boutique if you can. By that, I mean Lazard, Moelis, Evercore, Catalyst etc... I am sure you can get a list somewhere.

Apr 10, 2010
j-phone:

who wants to do ECM, DCM or M&A with a boutique?

Lower middle market M&A at a boutique bank is what I do for a living, so I'll raise my hand on that one.

j-phone:

Boutiques are always more expensive and some charge outrageous (retainers') fees. If they close 2 - 3 deals, and charge what 2 - 3%

2-3% is pretty standard for a deal of that size. Anything lower and there is no profit on the transaction.

j-phone:

Join a good boutique if you can. By that, I mean Lazard, Moelis, Evercore, Catalyst etc... I am sure you can get a list somewhere.

No fucking shit. Jobs at Evercore don't grow on fucking trees.

    • 2
Apr 10, 2010
j-phone:

What is the base? Some small boutiques do capital raising (although they say they do M&A, ECM, DCM), who wants to do ECM, DCM or M&A with a boutique? Boutiques are always more expensive and some charge outrageous (retainers') fees. If they close 2 - 3 deals, and charge what 2 - 3% (yes, they are ****ing expensive!)

Very few boutiques will use the term ECM/DCM as that implies access to public markets, which most boutiques do not have the distribution channel to access. The smallest boutiques are usually M&A only and are heavily skewed to sell-side. The next step up will also work on private placements (equity and debt).

What do you mean by a boutique is always more expensive? Yes, they might charge more than a BB on a percentage basis, but it's an entirely different game because most BBs won't get out of bed for deals under a few hundred million in transaction size, and I can assure you that (at least when I was at a BB) we'd crank up the rate for deals at the bottom of our size threshold. It's not a head to head comparison. Think of it as economies of scale for transaction fees. When negotiating with a potential client IBs target to a specific deal fee amount for a transaction type versus some set percentage. Also, many companies put several banks through a bake off - if your fees are too far off market, you won't win.

Retainer fees are credited to the deal fee, and they are done to ensure that the company has some skin in the game. Plenty of small companies will waffle and change their mind on what they want over the course of a deal process. The retainer is to give some downside protection against flaky company owners. We also used to charge a retainer at my BB, although that was many years ago so I have no idea if that's the standard now or the same for all groups.

Apr 10, 2010

Another thing to remember is the barrier to entry for advisory boutiques is low/non-existent, so you get many small boutiques doing capital raising projects for small private companies.

These companies, corporate finance boutiques or whatever you want to call them, come and go. They source deals in some way - maybe from their personal connections (from the past etc.) and start calling all the buy-side firms just to see if any funds are willing to put some money into it. If that marketing campaign is successful, they charge the outrageous fees. It costs zero to start these firms.

Some from these firms can't even do proper financial modelling. I am not talking about complicated equity transactions, but just a simple DCF. I met these people who are about to start a boutique firm. The founders had no experience in M&A, ECM or DCM, but they said, oh yeah, we know enough people in many industries and can do the marketing.

This is why it is important to join more established firms where you can get exposure to more things. Learn things in the right way first and then you can start discovering your own form. Just like sports.

    • 1
Apr 10, 2010

These were the worst posts I've seen in some time. @"duffmt6" nailed most of it, but in regards to your poor understanding of capital raising, much of the smaller boutiques focus on private placements.

Apr 10, 2010
j-phone:

Another thing to remember is the barrier to entry for advisory boutiques is low/non-existent, so you get many small boutiques doing capital raising projects for small private companies.

These companies, corporate finance boutiques or whatever you want to call them, come and go. They source deals in some way - maybe from their personal connections (from the past etc.) and start calling all the buy-side firms just to see if any funds are willing to put some money into it. If that marketing campaign is successful, they charge the outrageous fees. It costs zero to start these firms.

It costs way more than zero to maintain your broker dealer license. The boutique I worked for spent around $250k to $500k per year to maintain its BD license (cost varies depending on whether or not you were audited that year).

Selling securities (what is done when raising capital) is illegal without being a broker dealer. There are some shady boutiques that aren't licensed, but they are playing with fire. Smart companies will only work with banks that are FINRA/SIPC members.

Apr 10, 2010

That sounds a bit questionable. Any bank willing to pay an analyst 5% of fees warrants additional scrutiny.

Apr 10, 2010

Having worked at both a top BB and a small lower middle market boutique, I can attest that the level of modeling needed at the boutique was actually more sophisticated in terms of revenue and cost build ups. At BB you are unlikely to build true operating models.

Apr 10, 2010
WOBA:

Having worked at both a top BB and a small lower middle market boutique, I can attest that the level of modeling needed at the boutique was actually more sophisticated in terms of revenue and cost build ups. At BB you are unlikely to build true operating models.

I've also worked at both a BB and a small boutique, and this is accurate. Furthermore, many smaller companies only have quickbooks so there is a lot of research and effort needed to even get the data you'll need for the model.

Apr 10, 2010

I'd guess that they are talking about 5% of fees to the deal team, which would be after the firm's cut for overhead (often 1/3 of total fee) and possibly after the partner's cut (may also be up to another 1/3). Then the partner may also take a sourcing cut, the partner may share in the deal team split or there might be a referral fee as mentioned above (although 20% seems high - the boutique i worked for didn't take referrals from wealth managers, although we did regularly get them from the IB groups at a couple of BB's that didn't ask for anything - the deals were usually too small/too complicated relative to fees for them to waste time on, and they wanted to look like a good guy by referring to someone competent and willing to work at a lower fee).

My guess is that they are really telling you that it would be somewhere around 5% of the remaining 1/3, or

Apr 10, 2010
TechBanking:

although 20% seems high - the boutique i worked for didn't take referrals from wealth managers

Usually 10-20% depending on the bank, but was trying to be conservative. Places like UBS and MSSB have formal referral programs and the FA is compensated out of the referral fee (in addition to generally getting the new assets, which in the long run is probably a bigger windfall).

Agree with everything else you mentioned. At my office we generally look at it like we have $2mm of overhead to cover for the year, after that everything accrues to the bonus/partner pool (50/50 split) and you get paid off marginal fees. This is less of a steadfast rule for juniors who are more confined to a range. Our BD team gets paid a direct % of any deals that they source (not sure of the amount, but less than the 20% for external referrals).

    • 1
Apr 10, 2010

here is what goldsmith agio helms (nka Lazard Middle Market) did before they were acquired by Lazard

30% to partnership
25-35% to MD based on experience level/who sourced deal/etc.
15%-25% to VP/Director
7.5-10% to associate
3-5% to analyst
any balance back to partnership

obviously bigger deals required 5 person teams (MD, Dir, VP, Ass, Ana) so %'s get cut

so if you worked on $3M of deals as an analyst you would get $3M*5%=$150k in total comp
your base of $60-70k is backed out of total comp so your bonus was $80-90k
one note is that there are caps, an analyst/associate cannot make $500k, just because he was staffed on random homerun deal, there are caps at lower levels

this was the framework and varied from deal to deal based on size, deal team, who sourced it, etc., but general framework of how they did it and how some M&A boutiques operate

Best Response
Apr 10, 2010

My favorite part of this thread was "why do they pay so low?" followed by "anybody know how much they pay?"

Apr 10, 2010
Bluto:

Lazard is one of the best banks but why is compensation so low compared to its peers like Centerview and Evercore.

On that note do current employs know what a first year analyst can expect to make? And does pay vary by location?

Just quoting this so he / she doesn't realised how retarded he / she has been and edit it.

    • 2
Apr 10, 2010

Is it too late to enter this for a WSO 2014 award?

Apr 10, 2010

Funny post, although I would like to know about Lazard's comp in London relative to the BBs

Apr 10, 2010

For incoming analysts it is exactly the same. Don't know why people want to create misconceptions about specific matters. Lazard is one of the top M&A advisors in London and would see no reason to pay less than other banks, at least at the entry level.

Apr 10, 2010

Might be poorly informed but still true. Lazard pay is way below centerview Moelis BX Evercore

Apr 10, 2010

Ken Jacobs is a great leader - I have had the privilege to meet him on a number of occasions (not through work but through social events). Smart and very hard-working (he will probably one day die at his desk), but unfortunately Lazard just hasn't been the same ever since Wasserstein took the helm and misguidedly changed the firm from the "great house of Lazard" (a partnership of trusted advisors, with a culture of excellence and tradition going back generations), to the publicly traded "Lazard" that it is today. Not to mention, lining his pockets by making himself the largest shareholder while blowing off all the longstanding partners who built Lazard up to the venerable firm that it was.

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Apr 10, 2010

.

Johnny Rocket

Apr 10, 2010
Bluto:

Centerview is rumored to be paying analysts well over 200k and Moelis around 170k with Evercore also competing salary-wise, although I believe its a little lower. I've heard Lazard is lower with around 125-150k range. What causes these discrepancies, especially since pay does not seem to be at all linked to prestige amongst these elite boutiques and

Note to future monkeys: if you're going to completely edit a broken thread three weeks after it's panned, don't end on a fucking sentence fragment

    • 1
Apr 10, 2010
Quincyboy7:
Bluto:

Centerview is rumored to be paying analysts well over 200k and Moelis around 170k with Evercore also competing salary-wise, although I believe its a little lower. I've heard Lazard is lower with around 125-150k range. What causes these discrepancies, especially since pay does not seem to be at all linked to prestige amongst these elite boutiques and

Note to future monkeys: if you're going to completely edit a broken thread three weeks after it's panned, don't end on a fucking sentence fragment

Or just start again, get a new account and start a new thread , he has nothing invested in this one anyway.

Apr 10, 2010

All analysts get paid in the summer regardless of their firm (unless at a small boutique that is year end), associates and above typically paid shortly after their respective FYE. Moelis, GHL and EVR are all public so you can find this out easily. Others you can likely find out through a forum search.

Apr 10, 2010

HL is in April, based on a March calendar year end.