Equity Research Bonuses - 2013

erwannabe's picture
Rank: Orangutan | 329

I've seen a fair amount of success from this kind of thread before. Just wanted to get a sense where the other researchers are at given how much comp ranges for ER based on your analyst's rank, your firm's sales/trading platform, etc. I'll start:

Bank: Lower tier BB
Position: Associate (1.5 years exp)
Base: 100k (bumped from 80k)
Bonus: 40k

Comments (33)

Mar 1, 2014

Without being too specific, coverage sector would also be helpful.

    • 1
Mar 1, 2014

great thread, would be interested

Feb 24, 2015

.

Mar 1, 2014

Bank: MM (RBC, Jefferies, OPY)
Base: $105k (raised from $80k)
Bonus: $40k
2nd year associate (5 years out of ug)

Mar 1, 2014

Is your comp typical for a ER associate 1.5 years out of college at a BB? That's a good chunk higher than I expected.

Mar 10, 2014
dm1992:

Is your comp typical for a ER associate 1.5 years out of college at a BB? That's a good chunk higher than I expected.

Its typical at my bank and similar BBs, but I don't think its typical across the ER biz. My bonus was 30 in my first year (started in septemeber so got stubbed down to 10k actual payment).

I cover media.

Mar 10, 2014

Also some additonal data points I can provide:

At my bank (and id imagine its higher at better BBs esp JPM since they hav fantastic research teams) it seems like you're making 70k+10-20 bonus until you finish all your licenses, at which point you'd be promoted to a full fledged associate. From there I typically see comp starting at around 100k all-in and maxed out at 200k all in as an associate (usually takes 4-5 years). VPs obv make more, but in the beginning your bonus can decline since you're most likely getting your own coverage (branching away from an established franchise) and creating your own bonus pool.

Just some reference: it takes 6months on average to finish all your license exams.

Mar 3, 2014

Bank: MM
Base: $100k (flat)
Bonus: $30k
4th year associate

Mar 3, 2014

Bank: MM
Base: 85
Bonus: 75
3+ years SS experience

Mar 4, 2014

Bank: Mid-tier BB
Base: 110
Bonus: 40
3yrs out of undergrad; 0yrs equity research experience

Is this in-line for someone starting out in equity research with 3yrs of related experience? By related I mean business planning/analysis/financial modeling...not exactly equity research or investment banking.

    • 1
Mar 4, 2014

What level are you coming in at (Associate? Analyst)?

Mar 4, 2014

I'd be coming in as Associate. But again I graduated from undergrad in 2010, and have 3yrs of experience (related, but not specific to finance).

Mar 4, 2014

Ignore.

Mar 4, 2014

Lets try to add some datapoints from the other side of the normal curve:

Bank: MM
Base: 65 (up from 60)
Bonus: 0
2nd year Associate, work in quant.

Have been continually promoted since getting a job from internship, feedback on my work is always very positive, I think my employer just doesnt have the budget to pay me anymore than I currently earn.

Mar 5, 2014
erwannabe:

I've seen a fair amount of success from this kind of thread before. Just wanted to get a sense where the other researchers are at given how much comp ranges for ER based on your analyst's rank, your firm's sales/trading platform, etc. I'll start:

Bank: Lower tier BB

Position: Associate (1.5 years exp)

Base: 100k (bumped from 80k)

Bonus: 40k

Out of curiosity, what was your bonus in first year?

Mar 7, 2014

what is the base 1st year ER bonus? is it the same across the street for BBs?

Mar 11, 2014

MM
80k base
Haven't been paid bonus yet, fall FYE. I was led to believe it's generally 10%-30% of base.
Just entered 3rd year of ER

Also cover media!

Mar 18, 2014

Boutique
2.5 years or experience (straight from UG)
Base: 90K (no chg)
Bonus: 50K

Apr 1, 2014

Boutique
Now almost 3 years out of UG
90K base for 2013 - bumped to 100K for 2014
2013 bonus: 42K

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 14, 2014

$100k base, 65k first year bonus.

Apr 14, 2014

Straight out of UG?

Apr 14, 2014

Yup, did my level 1 and got hired into another firm at a slightly lower base, then came to this shop after a bit and started getting these numbers. Our associates top out in the low 200s.

May 21, 2014

hey justkeepgoing, are you at a chartered bank or mid market?I started a few months ago, and have the feeling I was started at way too low - 80 +40 at a MM. Obviously can't do anything about it now, but will give me some ability to renegotiate in fall. Feel wierd asking people on my desk...

May 28, 2014

Not really on topic, but I just got an offer to start with a $65k base and a $10k bonus coming out of UG at a regional MM

Sounds low compared to the numbers on this thread, but can't complain because hopefully it's doing something that I like while learning a ton about the industry

    • 1
May 28, 2014
notmytrollaccount:

Not really on topic, but I just got an offer to start with a $65k base and a $10k bonus coming out of UG at a regional MM

Sounds low compared to the numbers on this thread, but can't complain because hopefully it's doing something that I like while learning a ton about the industry

for a regional MM? Sounds on par. Don't let an anonymous message board skew your view of the world. If you do a good job and enjoy what you do, the money will come.

May 28, 2014
HFer_wannabe:
notmytrollaccount:

Not really on topic, but I just got an offer to start with a $65k base and a $10k bonus coming out of UG at a regional MM

Sounds low compared to the numbers on this thread, but can't complain because hopefully it's doing something that I like while learning a ton about the industry

for a regional MM? Sounds on par. Don't let an anonymous message board skew your view of the world. If you do a good job and enjoy what you do, the money will come.

Thanks! I've actually heard that this firm is famous for underpaying, but they asked about the details of another offer I had and then matched it.. I'm hoping that total comp will go up more than $5k a year going forward though lol

May 29, 2014

Anybody knows whats the market rate BB pays for fresh grads coming into ER? Heard that some of the BBs has a new pay structure that offers approx 4k/mth to new hires?

Nov 2, 2014

Great information- Bump!

Nov 5, 2014
Comment
Nov 6, 2014