ER Bonuses: 2013

Dank Nugs's picture
Dank Nugs - Certified Professional
Rank: Orangutan | banana points 272

Created this same thread last year and it had a good response so thought it would be helpful to do it again. I get a sense that the street was down across the board this year but all of the focus is on IBD and not ER or S&T so there's very few data points. 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/4th Year ER Associate
Base: 90k (unchanged, no raise)
Bonus: 50k cash (flat Y/Y)

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Comments (29)

Feb 19, 2013

Do you mind sharing your salary+bonus in your 1st/2nd years?

Feb 19, 2013

What do you mean by 3rd/4th Year ER Associate? 3.5 years of total SS ER experience? Straight out of undergrad?

Firm Type: MM
Location: Midwest
Role: 3rd Year ER Associate (2.5 years experience)
Base: 85k (+5K)
Bonus: 25k cash (+5K)

Feb 19, 2013

Firm Type: BB
Location: NYC
Role - Associate 4th year (first at BB)
Base: 150K
Bonus: 55K

Was at small canadian shop in houston and just started at BB in May.

Feb 19, 2013

I'm guessing you're post MBA?

Feb 19, 2013

3.5 years in out of UG. Made 85k all in first year

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Feb 20, 2013

Firm Type: Elite Boutique
Location: Midwest
Role - 1st year Research Associate
Base: 75K
Bonus: 20K prorated

Feb 19, 2013

yes im post MBA!!

Feb 20, 2013

Entered ER (BB) out of undergrad (target)
1st and 2nd years were 65 base and 20 bonus
3rd year was promoted to associate, 100 base 50 bonus
4th year base/bonus flat
5th year uncertain...but looking for 30-50% jump at current firm or elsewhere

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Feb 19, 2013

Wow. Good for you.

Feb 19, 2013

Received an anonymous submission via PM. See below

BB
3 years out of UG (2nd year in ER)
2012 Base: 100k (raise to 125k for 2013; 70k in 2011)
2012 Bonus: 35k (up from 25k in 2011)

    • 1
Mar 5, 2013

I call TOTAL BS on that - no BB firm is raising salaries that fast
Your total comp would have gone up from $95K to $135K - 40%+ - NOT happening without you getting a promotion, also no one had to do it this year as some key firms kept their base flat...

10-15% total comp increase is as good as it gets these days for analysts before the promotion

Dank Nugs:

Received an anonymous submission via PM. See below

BB
3 years out of UG (2nd year in ER)
2012 Base: 100k (raise to 125k for 2013; 70k in 2011)
2012 Bonus: 35k (up from 25k in 2011)

Mar 8, 2013

125k for 2-3 yrs in er is pretty standard at my firm. I was promised 105-110 base comp range next yr (would be 1.5yrs in) If anything his bonus is ridiculously low.

ILOVENYGUY:

I call TOTAL BS on that - no BB firm is raising salaries that fast
Your total comp would have gone up from $95K to $135K - 40%+ - NOT happening without you getting a promotion, also no one had to do it this year as some key firms kept their base flat...

10-15% total comp increase is as good as it gets these days for analysts before the promotion

Dank Nugs:

Received an anonymous submission via PM. See below

BB
3 years out of UG (2nd year in ER)
2012 Base: 100k (raise to 125k for 2013; 70k in 2011)
2012 Bonus: 35k (up from 25k in 2011)

Mar 8, 2013

Firm: lower tier BB
Position: first yr associate (straight from undergrad may 2012)
Salary: 70k bumped to 80k
Bonus: annualized 30k (stubbed to 10k since I started in sept 2012)

Mar 8, 2013

MM (Think RJ, Stifel, KBW, OPCO)
3 years out of UG (3rd year in ER)
2012 Base: 70K (same as when joined)
2012 Bonus: 10k (up from 5k last year)

I should note that I am not in NYC (considerably cheaper city). Still, i'm thinking I am getting significantly under compensated.

    • 2
Mar 18, 2013
ResEquity:

MM (Think RJ, Stifel, KBW, OPCO)
3 years out of UG (3rd year in ER)
2012 Base: 70K (same as when joined)
2012 Bonus: 10k (up from 5k last year)

I should note that I am not in NYC (considerably cheaper city). Still, i'm thinking I am getting significantly under compensated.

You're a 3rd year and you made 80K all in? That is terrible. Sounds like you're at Stifel.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

    • 1
Mar 8, 2013
bulge4lyf:
ResEquity:

MM (Think RJ, Stifel, KBW, OPCO)
3 years out of UG (3rd year in ER)
2012 Base: 70K (same as when joined)
2012 Bonus: 10k (up from 5k last year)

I should note that I am not in NYC (considerably cheaper city). Still, i'm thinking I am getting significantly under compensated.

You're a 3rd year and you made 80K all in? That is terrible. Sounds like you're at Stifel.

Yup, you are correct on the ~80k

Apr 19, 2013

.

Apr 17, 2013

Firm: niche boutique (not major city)
Position: 2nd year associate (1.5 years out of UG)
Salary: 90K (from 72K)
Bonus: 30K

Apr 5, 2013

Good thread.

Firm Type: MM
Location: West Coast is the Best Coast.
Role: 2nd Year ER Associate - 5yrs out of UG
Base: 100k (flay YoY)
Bonus: 65k cash

    • 1
Apr 17, 2013

Firm Type: MM
Location: Australia
Role: 2nd Year ER Associate - 2 years out of UG
Base: 55k
Bonus: nil

Need a significant pay increase next review or I am clearly in the wrong place.

Apr 17, 2013
tabjockey:

Firm Type: MM
Location: Australia
Role: 2nd Year ER Associate - 2 years out of UG
Base: 55k
Bonus: nil

Need a significant pay increase next review or I am clearly in the wrong place.

Ouch. That's a kick in the dick, especially for an Australian.

Dec 22, 2013

wait wait wait.... my mind has just been blown to pieces. I need some feedback... because either everyone on here has penis envy and is wayyyy inflating numbers.... or I seriously am clueless.

Is everyone here undergrad or post MBA? Becuase I aint even close to this stuff.

Firm: MM
Base: 55.... (hired out of undergrad... currently in first year)
Bonus: 5.... is that right????

Don't crucify me here.

Dec 22, 2013

Unless you're talking in GBP terms, that sounds low.

Mar 5, 2013

This is lower end, but reasonable for MM outside NY - I also think some people are exaggerating their comp

Dec 22, 2013

well shit...I am in ny

Mar 18, 2013

No one is exagerating their comp here. Everything is within ranges for ER. The 55K+5K guy sounds like he's at one of these shitty middle market firms based in the midwest, no offense, but that's how they pay.

Last year I was $95K + 45K with two years of prior BB IBD experience. I haven't heard bonus numbers yet but this year I'm expecting about 55 - 60K.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.