Equity/Credit Research Bonus Discussion

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:

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Comments (48)

Jan 6, 2019

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...

  • 2018 /2019 Bonus Discussion (BMO / RBC / others?) Thought might be good to start a thread to see where comp is shaking out. ... Please fill out the WSO comp survey as well, though! Would be helpful if we kept a similar format: Title: ... (As / VP / D / MD and year being paid on) Rank: (Top / Mid / Bottom) Bank type: (BB / EB / MM) $: ...
  • 2015-2016 salary & bonus discussion pay 2016 Feb 1st update: Here is a compilation of the salary & bonus #'s thus far (pulled ... Let's talk about the 2015- 2016 year bonus. Please list the firm, level, salary, bonus using ... the following format: JPM, S&T, A0, 150k base, 175k bonus (75% cash, 25% stock) investment banking ...
  • Didn't get paid a bonus as a PE Associate... being said, our year just finished up and it looks like no one at the junior level got paid a bonus this ... year. Our base salary is a little higher than the industry average(125k base) but with no bonus the comp ... a bonus this year. Don't think its personal performance or fund performance based(will get that info) ...
  • Paying Back Gross Sign On Bonus Bonuses Get Paid Out? Analyst Total Comp In 09 Find the Best Jobs on Wall Street Subscribe to our ... So I quit my job at a BB and have to pay back the signing bonus. When I received the 10k sign on, ... wasn't necessary to pay back the sign on bonus even if the bank wanted it back. jankynoname- Asset ...
  • How Are Traders Paid? to the value of the seat they own. They are often paid a base salary and a smaller bonus based on ... traders make most of their money: WegmansTuna- Equity Research Analyst: Each trader is paid a base salary ... I'm curious to know how are traders paid? I know that traders at hedge funds are paid more ...
  • Buy-Side Comp Canada Hi guys, Hoping to discuss buy-side comp in Canada, would be curious to hear everyone's ... a boutique firm. My base was 75k + bonus with no set % target. Since, I have shifted (was laid off, packaged ... 5 bank money managers). My base is now 65k with a target bonus of 10%, I feel this is quite low and ...
  • People in S&T: how much do you get paid? I feel it's worth it to have a salary discussion on here to get an idea of what salaries are ... quant firm 2. 1.5 years 3. $160k including bonus ...
  • How I Paid Off 60K In Loans a $550 fee. I have a lot of credit cards and business cards because I pay my rent to get the signup bonus ... organically adds up. I have also used a few grand from sign up bonuses to pay off loans or I use the points ... Hey- I just wanted to stop in and tell you guys how I paid off approximately 60K in student loan ...
  • More suggestions...

I hope those threads give you a bit more insight.

Jan 10, 2019

Bump

    • 1
Jan 15, 2019

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

    • 1
Jan 19, 2019

Thanks for helping to get the ball rolling.

Jan 16, 2019

Should be getting numbers in a couple weeks, I imagine others are in the same boat. Will come back around when things are finalized.

    • 1
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Jan 16, 2019

pretty sure ER will become extinct if analysts are only making $110K a year

Jan 17, 2019

Title: 2nd year analyst
Rank: Top
Bank Size: BB
Base/Bonus: $95k/$50k

Jan 17, 2019

Bro are you an analyst or are you a research associate?

Jan 17, 2019

My title is 2nd year research analyst, but at other banks I'd likely be called a 2nd year associate.

Jan 17, 2019

Wtf.. I'm underpaid. NY?

Jan 17, 2019

Yeah I sit in New York.

What did you get/title, etc?

Jan 17, 2019

Bonus seems massive compared to what I've head in Europe

Jan 17, 2019

From what I understand comp in Europe is generally lower than in the US (at least for US based banks)

Jan 18, 2019

Bullshit if you're two years out of undergrad.

Jan 17, 2019

Graduated undergrad spring 2017

Feb 15, 2019

No, this seems about right given what I have been hearing. Certainly not out of the question.

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Jan 17, 2019

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

Jan 18, 2019

Title: 2nd year associate
Rank: Mid
Bank Size: Boutique
Base/Bonus: $110k/$25k

Jan 18, 2019

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: $90k/$40k
Jan 19, 2019

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.

Jan 19, 2019

What kind of BB are you at? MS/JPM quality or something somewhat below?

Jan 24, 2019

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

    • 1
Jan 30, 2019

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!

Jan 27, 2019

3rd year post MBA

Title: Senior Associate
Rank: N/A
Bank Size: Boutique
Base/Bonus: 130/25

    • 1
Jan 27, 2019

Title: 1st year Associate, 3rd year out of college
Rank: Mid
Bank Size: MM
Base/Bonus: 90/25

Jan 28, 2019

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

Jan 16, 2019

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)

    • 1
Jan 29, 2019

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.

Jan 16, 2019

Yeah I understand the differences between titles, and I agree with base relative to associate (corporate), it's just confusing when saying 3 full years experience post "college" which sounds like undergrad. Only way to come straight into ER at the associate (corporate) level that I'm aware of is post-MBA so some clarity would be helpful otherwise it sounds like he is an outlier at the junior level.

Jan 28, 2019

I'll send you a pm, or actually pm me given account is new lol

Feb 1, 2019

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.

Jan 18, 2019

At a MM firm? Not sure I buy that.

certain BBs, sure.

Feb 2, 2019

If you consider bmo a bb then I guess you're right.

Jan 16, 2019

Unfortunate for me then ha. Guess it's time for a change!

Jan 29, 2019

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

Jan 19, 2019

Could you give us a range on sectors?

Feb 2, 2019

Agreed, I'd be interested to see how comp compares across different sectors.

Jan 30, 2019

Are we only posting equity/credit analyst comp on the sell-side (excl. buy-side)?

Jan 19, 2019

I wouldn't be opposed to seeing some buy side numbers as well

Feb 1, 2019

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)

Feb 1, 2019

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

Jan 18, 2019

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

Most Helpful
Feb 3, 2019

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...

    • 2
Feb 1, 2019

You're surprised they are high or low?

Jan 18, 2019

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

Feb 6, 2019
    • 1
Jan 19, 2019