ER Bonus Season
Everyone else has this thread going, so let's start one too
I'll start: 150 base, 75 bonus
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Comp hasnt been communicated yet for us but that's an insane bonus. You must be at EB? BB's bonus is no where near that level for someone making 150k base.
It's "VP money"
Maybe he/she is covering tech or biotech sector
Which EB does equity research? Are you counting Evercore ISI?
Following
Same
Is 225 all in really that unbelievable? What do 40year olds make in research. MDs in operation are pulling in ~300k all in
stars make 7-figures
I thought 7 figure days were behind us in ER?
Can you name any star analysts? Just want to see if I know any of them
The total comp number was believable, I was just surprised at the split between base/bonus. For reference I'm a 2nd year associate making close to that base but my bonus is much lower. So I was assuming someone with around that base salary would be near my level, rather than a VP.
Just to clarify, how many months in are you? I'm at 13 months making 125 base + 30 bonus at a MM
There are plenty of MD’s making 7 figures in research.
Not insanely hard for an MD in ER to crack 7 figures. If you’re a senior analyst, you’re likely already at 600-700k all-in. Just have to be good to get to 7 figures. Stars can crack mid single digits.
BB vs MM equity research comp.. how does it compare? Asking as an incoming intern. I’m curious at how MM and BB stack up in terms of comp. Do VPs and senior associates at MM banks have the same earnings potentials as at BB’s?
classic Propsects in this forum... How about you become a bit useful and provide your own salary on your offer letter and bonus band (if communicated) and then ask for something...
Nothing wrong with these questions from a prospect...
From the few data points I’ve come across I know that some MM starting base salaries are 10% less than some BB’s. I also am not sure but suspect that pay at the higher end BBs for research may be slightly lower than the lower end BBs (effectively lower end BBs trying to stop people taking a prestige upgrade) but this is from one data point.
Bonus wise however i would imagine the bb/MM gap gets bigger. Also, the more senior you get I would imagine both gaps get larger still, although I don’t know for sure.
MM research salaries tend to be right in line with BB’s while bonuses may be lower, based on what I’ve come across.. that being said a lot of MM research isn’t based in New York which has lower cost of living. But I don’t think youre necessarily right away MM salaries being lower as a whole. Lots of those places, especially ones with excellent research teams, pay street.
Associate 1 --> Associate 2
Base: 125 --> 140
Bonus: 35k
BB
This is post MBA? Never heard of undergrad hire starting at $125k
did he say he was an undergrad hire one year out of college? that's not what "associate 1" means at my shop.
Wait, so in this case, does it mean first year with the bank? Was it after MBA or undergrad if i may ask?
Does anyone have any numbers for what a first year BB associate (year 1 out of undergrad) would typically get for their bonus? I'm starting full-time this summer and have no clue what year end bonuses generally are for first years working for top ranked II teams.
Depends on your sector but generally 15-20k for 1st year BB is reasonable. The delta is pretty small between worse and best performers within your class/rank. it gets bigger as you get promoted from analyst to associate, to vp, etc.
What does the bonus numbers look as you move up? Do you have a range? How different do they get from say banking?
5.5yr total experience, 3yr ER; MM 125 base; 40 bonus Bump to 145 w/ Senior Assoc
what sector?
1st year out of undergrad
BB
base: 85k -> 90k
bonus: 35k
are bonus figures generally this number at your bank for first years?
Year 2
MM
Base: 85 bumped to 100
Bonus: 45
Is this buyside or sellside?
sell side
.
115 base / 55 bonus at a MM. Year 2 associate
what sector?
Tech
$110k base + $15k bonus at a BB (NYC)
How does sell-side research still make so much money?
lots of dealflow
50k pounds + 15k bonus BB 1st year
do you know what it's like as associate/VP BB ER in London? +SB
Is this more less the rule for A1 BB in London?
Correct
Apologies but i have absolutely 0 clue on comp progression.
I think this is about right for A1 BB in London +-5k which would be around 10k below average IB bonus
Would appreciate if anyone else could provide data points for ER in London
lmao sorry to hear that
mate
Coming up on 2 years with the firm, started immediately after undergrad
Base: $70k -> $100k
Bonus: $40k
Low CoL city, MM bank
VP
$175->185k
$55k
BB/NY
Sector and YOE?
Industrials. What is YOE?
Canadian boutique
First-year associate.
75k base, 25k bonus (pro-rated annually given was not here a full year)
What's the point of this entire thread? ER bonuses are so sector, trading, and deal flow specific that anyone's answer gives you zero insight in your own bonus.
Disagree, have worked at multiple BBs in research (ignore my rank here) and bonuses are quite standardized as a % of base for juniors (the % does vary with your performance obviously, and the spread only gets really wide once you hit VP and above)
How stable is your sector? I've literally known BB associates who have received $0 bonus when their sector was beat down enough.
Going into being a 3rd Yr Associate (6Yrs total experience)
Base: $170k; Bonus: $25k
Second year comp was $150k base; $15k bonus.
Covering Tech
bonus not fair, tech sector deserves to get paid for more bonus
Yeah seems low IMO
1st Year VP, BB
Base: $170k, Bonus: $130k, Base increased to $190k
Covering tech
Wait, how is it possible someone in ER making that much as bonus? Aren't these roles back office?
ER at the senior levels is one of the most client facing roles in finance. Lol. They spend 2/3 of their time speaking with clients. Disagree? Ask anyone in the industry.
if equity research is back-office, then its counterpart (buyside PM, analyst, company management) must be all back-office.
Just less than 4yrs
Senior Associate->VP
Base 125k->190k
Bonus 60k
EB
Tech
Bonus is based on 125k base or 190?
Was a senior associate on a guarantee of 125k plus 40k got another offer for VP 200k base and 50k bonus and got bumped to early promotion and comp above
Does anyone know when bonuses for first year analysts happen? Is it together with everyone else or only later?
Base 170K bonus 25K; 4th yr WE all in ER.
bro <15% bonus? Is that % typical
I got “bait and switch”…and they prorated my bonus so hard.
What’s WE?
work experience
VP, no stock coverage
Base from 170k to 180k
Bonus 85k
Sector: Not tech or biotech/pharma
3 years ER, 2 in back office
Associate 2 -> Associate 3
Base 145k->200k
Bonus 50k
BB
not tech/bio, low deal flow
That high of a base and not VP?
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