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Total Avg Compensation
March 2021 Investment Banking
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Director/MD (9) $911
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Vice President (31) $349
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Associates (168) $231
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2nd Year Analyst (98) $151
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Intern/Summer Associate (93) $145
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3rd+ Year Analyst (23) $145
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1st Year Analyst (371) $131
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Intern/Summer Analyst (308) $82
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Mar08
Comments (60)
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"
Follow me on Instagram: @dickthesellsider
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
Follow me on Instagram: @dickthesellsider
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.
And can it ever be?
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.
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
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
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