There's currently a bonus forum going around on the banking forum, would be great if we could get something similar going for research so we can all get a pulse on where everyone stands. Try to stick with the following format:
Title:
Rank:
Bank Size:
Base/Bonus:
| +81 | Q&A - Buyside Equity Research Analyst/PM | 29 | 2d | |
| +32 | How the heck do you learn all of this stuff? | 5 | 1w | |
| +28 | My experience on the sell side | 20 | 2w | |
| +28 | Getting Frustrated | 10 | 3w | |
| +18 | Biotech ER vs IB | 16 | 3w | |
| +17 | Am i fairly compensated? | 9 | 1h | |
| +14 | Heard they don’t model at Oppenheimer | 10 | 1w | |
| +14 | Data Science to PM | 8 | 5d | |
| +12 | ER - Remote Jobs? | 8 | 2d | |
| +12 | Why is MM ER comp so bad? | 6 | 4w |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Hi multplecontraction, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...
I hope those threads give you a bit more insight.
Bump
Title: 2nd Year Analyst Rank: Mid Bank Size: BB Base: 90 -> 95 Bonus: 20k
I joined mid year so Im pretty sure I got a low bonus
Thanks for helping to get the ball rolling.
Should be getting numbers in a couple weeks, I imagine others are in the same boat. Will come back around when things are finalized.
pretty sure ER will become extinct if analysts are only making $110K a year
Title: 2nd year analyst Rank: Top Bank Size: BB Base/Bonus: $95k/$50k
Bro are you an analyst or are you a research associate?
My title is 2nd year research analyst, but at other banks I’d likely be called a 2nd year associate.
Bonus seems massive compared to what I've head in Europe
From what I understand comp in Europe is generally lower than in the US (at least for US based banks)
Bullshit if you’re two years out of undergrad.
Graduated undergrad spring 2017
No, this seems about right given what I have been hearing. Certainly not out of the question.
would be curious to see other data points
EDIT: Low COL city Title: First year associate Rank: Mid (top bucket will get 25) Base/Bonus: 75/20
I think my base is low smh
Title: 2nd year associate Rank: Mid Bank Size: Boutique Base/Bonus: $110k/$25k
Will be interested to see where this thread nets out, last year's thread never really got rolling.
Title: 2nd-year Associate Rank: Top Bank Size: BB Base/Bonus: $100k/TBD expecting $20-40k
Though my bank cutting costs like mad so could be underwhelmed. Pretty tight-lipped on chatter right now and trying to talk down expectations.
What kind of BB are you at? MS/JPM quality or something somewhat below?
I might not be posting in the right place, but this is my initial contract out of MBA (currently finishing my second year)
Title: Senior Associate Rank: N/A Bank Size: MM Base/Bonus: $125k/50
Thanks for shedding some light on current MBA ER comp! I assume the 50 is from signing? And did they share any kind of range for yearly bonus for post MBA Senior Associates? Thanks!
3rd year post MBA
Title: Senior Associate Rank: N/A Bank Size: Boutique Base/Bonus: 130/25
Title: 1st year Associate, 3rd year out of college Rank: Mid Bank Size: MM Base/Bonus: 90/25
Thanks for the thread, it would be helpful if more people could provide information on how many years of total experience and how many years of ER experience people have, just because what associate means could differ (is it associate in the sense like some BB banks where you get associate after 3 years as an analyst or just as an associate on a team).
Title: 2nd-year Associate (3 full years experience post college, this is for 2nd year in ER) Rank: TBD Bank Size: MM / Boutique Base/Bonus: $125 /TBD expecting $40-60k
Are you post-MBA or did you get promoted? 125k base for someone with as little ER experience as you have is generally unheard of unless you have a fair amount of prior professional experience. Most banks generally do the same base and subsequent bump progressions across all juniors regardless of division (IB/ER/S&T) 85/90/95. Not saying you're lying, just helpful to have a little more info (especially for when my comp discussions happen in the near future ha)
Based on his earlier comment of trying to clarify who is associate vs. analyst as a corporate title, I would assume he is a 2nd year associate (corporate title). $125k for a 2nd year associate is in-line, if not actually low from my understanding. It's always confusing for ER to know who is an analyst vs. associate in terms of corporate title given that the jargon for the industry is backwards in a sense.
Totally possible to be 3 years out of college making $125k base in equity research when you switch shops! I did that at the 3 year mark, and my salary went from $95k to $125k.
Title: Moving from 2nd Year Senior associate to 3rd (~4-5 years experience total) Rank: Mid (Shit Sector) Bank Size: BB Base/Bonus: (Base moving from 140 to 150)/ $20
Could you give us a range on sectors?
Agreed, I'd be interested to see how comp compares across different sectors.
Are we only posting equity/credit analyst comp on the sell-side (excl. buy-side)?
I wouldn't be opposed to seeing some buy side numbers as well
Title: Moving from 1st Year Senior associate to 2nd year (3 years experience total, 3.5 years out of college) Rank: Mid (Joined mid year) Bank Size: BB Base/Bonus: Base moving from 125 to 140/Bonus $33 (weird number)
Title: 1st Year Senior associate --> 2nd year (4 years experience total, 4 years out of college) Rank: They give literally 0 insight into your ranking Bank Size: BB Base/Bonus: Base moving from 130 to 150/Bonus $60k
Where do people think the ceiling is in terms of salary and bonus as an associate? I’m a little surprised by some of pro rated bonus numbers I’m seeing
In terms of a ceiling for an “associate,” experienced associates can potentially make $200K or more all in after years (say 5+) of experience. These associates often carry the corporate title “Vice President” or higher. Some respondents at these levels may describe themselves as a “Senior Associate” to differentiate themselves from an “Associate” that has worked one or two years. It would be helpful if people included their corporate title (Analyst, Associate, VP) when posting...
You're surprised they are high or low?
A little higher that I expected given the experience level. But it could also be the difference between working at a boutique and a BB
Title: 1st year Associate, 1st year out of college Rank: II Bank Size: MM Base/Bonus: 90 (from 85)/40
Bumping this
Title: 2nd year -> 3rd year analyst (graduated undergrad Spring 2017) Bank Size: BB Base/Bonus: $95k/$20k (from $90k/$12.5k last year)
Bonus feels a bit light....
Title: Senior Associate 4 years post MBA Rank: Lower middle? Bank Size: BB Base/Bonus: 160->165, 30
Would you say the bonus is low?
Maybe for BB but not overall
Title: Sr Associate 3yrs post-MBA Rank: NA Bank size: BB Base/bonus: 160/100
Title: 1st year Vice President (7 full years experience post college, this is for 5th year in ER) Rank: No insight, but if I had to guess I am top bucket because I am going to be given coverage Bank Size: BB Base/Bonus: $180 / $50k
Eos recusandae illum labore veritatis mollitia totam. Aut quia minima qui. Ea consequatur optio qui ab. Eligendi excepturi corporis ab hic vel dicta enim harum.
Dolores est quo consequatur minus incidunt ab distinctio. Quos aut rerum corrupti magnam quo error nihil. Et quibusdam vel autem quae quia.
Vero iusto placeat fugit earum officia ut ab recusandae. Voluptas vel ducimus qui vero. Soluta id velit similique blanditiis tempora. Porro minus et blanditiis a odit recusandae dolore. Molestiae voluptatem est aut nesciunt eos ducimus dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Neque quo illo eum voluptatum harum. Autem eum dolor voluptates omnis id ea commodi aspernatur. Eligendi temporibus esse voluptatem itaque ab. Atque doloremque corrupti perspiciatis ut dolor voluptatem.
Tempora consequatur voluptas quia minus et odit quas. Quia est quia provident qui dolores sit.
Est qui iste ipsa quia expedita. Eaque soluta officia fuga dolorum.
Sit rerum qui eligendi alias. Quam tempora aut dolores nesciunt quia. Enim nobis vel dignissimos modi sunt. Et beatae quos nihil esse. Excepturi deserunt ut recusandae ut.