Boutiques/MMs that pay street (@ analyst level)?

Prospect in IB-M&A

Can anyone please help out here. Trying to find some boutiques/MM firms that pay similar bases--75-80k+ (and bonuses) as the bigger-name BBs/EBs as an analyst. Anyone have any good names in NY?

Comments (45)

Jun 30, 2020

Jefferies and HL (MM IB division)

  • Prospect in IB-M&A
Jul 1, 2020

HL with a $15k signing as well.

  • Intern in IB-M&A
Jun 30, 2020

HW, Blair, Baird, Piper Sandler, Jefferies, HL

Jun 30, 2020

I don't know about base salaries for Boutique/MM, but back office pays a solid $60k....sounds like you should rethink career paths, back office FTW.

    • 2
    • 4
  • Intern in S&T - Other
Jun 30, 2020
  • Intern in IB-M&A
Jun 30, 2020

Is HSBC really a MM IB?

  • Intern in S&T - Other
Jun 30, 2020

BB outside the US but kind of an in between in US, I heard they pay street level comp

    • 1
    • 3
Most Helpful
Jul 1, 2020

I don't wanna get sucked into an argument about rankings, but I can tell you that in Europe they're definitely not considered to be a BB

    • 2
  • Intern in IB - Gen
Jun 30, 2020

-

Jun 30, 2020

People are listing places like HL and Jefferies here? if OP didn't know about these places, he can't even get a job at the other places.

FTP also pays at or above street but you know the deals...

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.

  • Prospect in IB-M&A
Jun 30, 2020

Lol yeah def know about every bank on the thread so far

  • Analyst 1 in IB-M&A
Jun 30, 2020

What's wrong with FTP? Asking for a friend

  • Prospect in 
Jul 1, 2020

People on here say it's a sweatshop, but I'm a prospect so I don't really know either

  • Prospect in IB - Gen
Jun 30, 2020

Macquarie

Not sure about bonuses yet, but starting is 85k and 2k relocation which seems to be on par with most other places.

  • Intern in IB-M&A
Jun 30, 2020
  • Intern in IB-M&A
Jun 30, 2020

Nomura

Jul 1, 2020

Looking at the salary data on WSO, it pays notably below street

Jun 30, 2020

To add to the list: Lazard MM and BMO Capital Markets pay that rate as well

  • Prospect in IB-M&A
Jun 30, 2020

Does BMO really?

Jun 30, 2020

Yes, their M&A does. Know a few people that work there.

  • Prospect in IB - Gen
Jun 30, 2020
Jun 30, 2020

Pretty much every reputable MM pays around or near street. BBs are better because of brand name and transaction XP, not pay.

  • Intern in IB - Ind
Jun 30, 2020
    • 1
  • Intern in IB - Gen
Jul 1, 2020

lincoln pays above street with bonuses.

  • Intern in IB - Ind
Jun 30, 2020

Want to remain anonymous since it was a really small form. Interned last summer at a boutique. One office firm with 10 people total. Base for analysts was 75k and bonus was 50%-75% of salary. Lots of mobility upwards. Still had the meal benefit of $25 after 7:30pm that large firms have. Their model was to take people who had 1-2 years experience at a larger firm and bring them to their firm. Low COL area. It's definitely possible to find places like this, but most true boutiques seem to grind their junior staff and pay them very little.

  • Associate 2 in PE - LBOs
Jun 30, 2020
  • Analyst 1 in IB - Ind
Jun 30, 2020

Stifel is 85k w/10k sign on and extra 2.5k incentive bonus for returning summers.

    • 1
  • Prospect in IB-M&A
Jun 30, 2020

Damn that's pretty impressive. Any idea about bonus?

  • Analyst 1 in IB - Ind
Jun 30, 2020

First year is ~50-55k, but assuming Covid will have some affect on that this year.

    • 1
  • Analyst 1 in IB - Ind
Jun 30, 2020

.

  • Summer Associate in IB - Ind
Jul 1, 2020
  • Intern in CorpFin
Jul 1, 2020

Cowen pays below street all in, less so at analyst level but still below. This thread is hopeless.

  • Intern in CorpFin
Jul 1, 2020

Guys why do you feel the need to comment if you don't know, are you just trying to let everyone know that you know middle market firms?

There are a few firms that were named here that all in pay below street. Macquarie definitely does despite paying street base it pays below street bonus and has an aggressive bonus retention policy. FT Partners believe pays below street all in (based on feedback from a colleague that worked there). BMO believe pays below street, although not sure if it varies by team. Stifel believe pays below street bonus, but not 100% on that. Nomura I would suspect does as well, although I don't have a recent source.

  • Analyst 2 in IB - Ind
Jul 1, 2020

almost certain ftp pays at street or above to compensate for the insane workload and brutal workplace culture

Funniest
  • Intern in IB - Gen
Jul 1, 2020
Intern in CorpFin:

Guys why do you feel the need to comment if you don't know, are you just trying to let everyone know that you know middle market firms?

Stifel believe pays below street bonus, but not 100% on that. Nomura I would suspect does as well, although I don't have a recent source.

LMAO bud

How are you gonna call people out for naming shops and not being sure what they pay, and then you do the same thing????

Take a lap

    • 5
  • Prospect in IB-M&A
Jul 1, 2020

Yeah dawg you just did the same exact thing lmao

  • Intern in CorpFin
Jul 1, 2020

Dawg because I don't work in HR and know entire compensation schemes. It's all information based on convos with buddies of mine, it's not like I'm sitting down with them and analyzing if their firms pay street or not. Got better things to do.

I gave you guys info I know and level of certainty, unlike everyone above. F off if you think any of the above info is more accurate.

On FT partners a year ago I was told associate base and at least at the level we were discussing it was below street. Bonus did not make up for that.

    • 1
  • Intern in IB - Gen
Jul 1, 2020

Lol buddy is rattled

    • 1
Jul 2, 2020

Objectively false. You know an associate at the bank you mentioned? They get paid almost as much as PE associates, no lie. There are reasons why though.

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.

    • 1
  • Prospect in IB-M&A
Jul 2, 2020

Bump

  • Intern in IB - DCM
Jul 2, 2020

Mizuho pays street level but bonus could be low. Heard analyst pay was around 140k.

  • Intern in IB-M&A
Jul 2, 2020
Comment
    • 1
Jul 2, 2020
Comment

Will update my computer soon and leave Incognito so I will disappear forever. How did I achieve Neanderthal by trolling? Some people are after me so need to close account for safety.

    • 1
  • Analyst 1 in IB-M&A
Jul 2, 2020