Let's get a nice chain of 2020 comp data from folks in the credit and equity research space. I'll start:
Title: Credit Research Associate (1st year) Rank: Bottom, first post-MBA job Firm Type/Size: Buy-side, $200B AUM Base/Bonus: $110/45 City Description: low COL city in U.S.
Looking forward to seeing how everyone fares for 2020.
2019 thread: https://www.wallstreetoasis.com/forums/equitycred…
| +13 | Is Equity Research Dying - Where Are the Future Opportunites? | 4 | 1d |
| +10 | Associates who stuck around for > 5 years working for the same analyst. Why? | 4 | 6d |
| +9 | UBS ER SA27 Superday | 7 | 3w |
| +9 | Detailed Revenue and Cost Builds | 3 | 1w |
| +7 | Analyst with no coverage or ranking | 5 | 1w |
| +7 | Uiuc or Ross or UChicago | 8 | 2w |
| +1 | IB SA -> ER FT | 4 | 2w |
| 0 | Equity Research Rankings | 1 | 1w |
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Title: Equity Research (3rd year Analyst promoted to 1st year Associate) Rank: Middle bucket Firm Type/Size: Sell-Side (MS/JPM) Base/Bonus: $95/30 --> $125 base City Description: NYC
Isn't analyst more senior than associate in ER?
I'm following conventional bank ladder, as that's how we are progressed: analyst --> associate --> VP --> ED --> MD. But yes Senior analyst is what an ED/MD are called also.
Title: Promoted to Sr associate, 3rd year Rank: They said top bucket but I don't really believe anything they tell me Firm Type/Size: Sell-Side MM Base/Bonus: $95/40> Increased my base to $115 City Description: NYC
MBA Summer Associate (M7), Large Boutique, NYC (Starting May 2020) Base: $145 (pro-rated but based on FT comp)
Literally only posting this as it seems way out of whack and I want to understand where the deviation may be - or if I am stupid lucky. Worth noting I came from a non-public markets finance role prior.
Is this for Equity or Fixed Income Research? Sell or buy-side?
Sell-side, equity.
1st year associate, Canadian sell-side, NYC (Started Feb 2020) Base: $120 Bonus: just started
Title: Senior Equity Research Associate (4th year) Rank: Top bucket Firm Type/Size: Sell-Side (Top 10) Base/Bonus: $110/50 City Description: NYC
Title: 3rd year ER associate, promoted to VP for 2020 Rank: Assumingly good enough to promote Firm Type/Size: European BB (sell side) Base/Bonus: $165/35, bump to 175 with promote City Description: NYC
35k bonus? Seems very low. What will this look like as a VP?
Not a banking bonus, more like incrementally higher from here
Title: Equity Research Associate (2nd year total, 1st with firm) Rank: Top bucket Firm Type/Size: Sell-Side (Boutique) Base/Bonus: $100/40 City Description: NYC
Is it just a down year or are ER bonuses just low in general?
ER bonuses are lower compared to IB bonuses
What does salary/bonus look like for MD? Head of ER? Also what’s the pay for EB (those that do have ER)?
Title: VP credit research Rank: Top bucket Firm: Buyside $150 bn AUM Base/Bonus: 135/230 City: Mid-tier US city
Could you DM? Have a few Q's if possible
Title: Equity Research Associate (2nd year total) Rank: Bottom bucket Firm Type/Size: Sell-Side Base/Bonus: $100/0 :( City: NYC
What? 0 bonus?
I felt this on a spiritual level :/
BB VP: $250k/$600k
Edit: don’t be mad MS throwers.
What year VP are you? Do you have lead analyst coverage responsibilities of a sector?
Would love to hear more about your level of responsibility/age, seem high
Title: Equity Research Associate (1st year in ER) Rank: Middle Firm Type/Size: Sell-side (non-BB) Base/Bonus: $90/15 City: not-NY
at a middle market...covering therapeutics...100K+25K
in NYC...
2nd year
Title: Investment Analyst (2-4 years total work experience), Credit
Rank: N/A
Firm Type/Size: Buy-side
Base/Bonus: $115/$160
4th yr in industry (2 yrs at this bank; still an associate) MM bank. $115k base / $45k bonus; new base is $130k.
As a side question, what is the highest you have heard for MDs/Sr. Analysts?
I have heard of $3-$4 mln all in for some seniors.
There was a wsj article last year on SS ER pay. Some guys had $4m guaranteed per “people familiar with the matter”
Was it this one? https://www.wsj.com/articles/biotech-analysts-reap-windfall-from-indust…
Title: Credit Research Associate (1yr exp)
Rank: N/A
Firm Type: Buyside
Base/Bonus: $85/40
Could you DM me? Have some Q's if you dont mind :)
Title: 2nd year ER associate Rank: N/A Firm Type/Size: Small Independent Base/Bonus: $77.5/25 City Description: Outside NYC
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