ER Bonuses: 2012

How'd everyone do this go around? I get a sense that the street was very tough this year but all of the focus is on IBD and not ER so there's very few data points. I think it's helpful to collect as much comp info as possible to understand the health of our business and also for people to know whether they're fairly compensated. Obviously privacy/anonymity is important here but fill out something generic if you don't mind, as I have done below.

Firm Type: MM (Jefferies/RBC/Stifel)
Location: NYC
Role: 3rd Year ER Associate
Base: Raised to 90k from 80k
Bonus: 50k cash

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Comments (30)

Feb 24, 2012 - 3:38pm

Firm Type: MM - competing with Jefferies/RBC/Stifel
Location: Midwest
Role: 2nd Year ER Associate
Base: Raised to 70k from 65k
Bonus:

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  • 1
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Feb 21, 2012 - 4:55pm

I'm having a hard time even getting phone interviews for ER Associate positions with ~17 months FT experience in a MF capacity, passed Level I of CFA and currently studying for Level II.

They straight up tell me, "We want people with extensive modeling capabilities that can hit the ground running." How do people get jobs like this right out of undergrad?

My name is Nicky, but you can call me Dre.
  • 1
Feb 22, 2012 - 7:52am

I got my offer through a combination of networking + OCR.

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Feb 22, 2012 - 4:14pm
rjroberts1:
Firm Type: Boutique
Location: South
Role: 3rd Year ER Associate
Base: $75k
Bonus: $75k cash

Seems really high to me - but good for you!

Are you only 3-years out of undergrad or did you come into the industry with some relevant experience?

Follow me on Twitter: https://twitter.com/_KarateBoy_
  • 1
Feb 23, 2012 - 8:24am

These bonus numbers are depressing me. I was told bonuses are down to next to nothing across the board at ER depts on wall street. Doesn't seem like that's the case?

Firm Type: Boutique/MM border
Location: NYC
Role: 1st year associate (3.5 years out of UG)
Base: $85K
Bonus: $5k

Feb 23, 2012 - 8:30am

Maybe it's sample bias? People who are happy with their bonus are more likely to report it?

I'm in your camp - I WISH I got a 50K bonus so that I can pay off a huge chunk of my remaining student loans.

I thought the bull-case for my bonus 35K so I was way off the mark lol

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Feb 23, 2012 - 9:07am

DCFwacc, if you don't mind, can you explain your path from undergrad to 1st-year associate?

My name is Nicky, but you can call me Dre.
Best Response
Feb 23, 2012 - 9:55am
aempirei:
DCFwacc, if you don't mind, can you explain your path from undergrad to 1st-year associate?

Sure.

Small private college in northeast, very average in terms of academic credibility and next to nothing in the way of finance OCR. I took a job with an investment data platform (one of Bloomberg/Thomson/FactSet) - figured it'd be my best shot at networking with AM and research guys, though it's by no means the kind of job one should strive for if you want to get into research. Did very well while there, got 2 promotions, sat for CFA level I. Started HEAVY networking last year while studying for Level II. Reached out to anyone and everyone - the few UG alum that made their way into finance, random linkedin connections, cold calling HR, etc. Ended up with a handful of interviews, and got 2 offers out of it, but it took a good 10 months of serious effort. The job I took was for a brand new industry vertical (initiating coverage) at a firm with a growing reputation in research and with a senior analyst with a good rep that came over from a BB. Started last June.

Mar 19, 2012 - 10:11am

Uh Goldwing, you don't come in out of undergrad to ER Analyst.

My name is Nicky, but you can call me Dre.
Jun 27, 2016 - 11:42pm

I know this is an old thread, but associate analyst is just an intermediate between associate and analyst. I've seen experienced hires getting put into associate analyst levels for a few years.

Jun 16, 2012 - 9:46am

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Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (513) $136
  • Intern/Summer Analyst (394) $84