ER Comp

TRNTO's picture
Rank: Monkey | 30

So going through the forums there seems to be a very large range in terms of first year ER associate compensation.

From what I have seen, the most common figures seem to be:
- 65-70k base
- 10k sign-on
- 0-30k bonus

Are these figures still correct for NYC BB ER?
Where do bonuses usually lie within the 0-30k range (lower, middle, higher)?

Comments (15)

Oct 27, 2012

that sounds extremely low. like half of what i would expect...

Oct 27, 2012

Out of undergrad, most decent shops will pay you $70K + $10K + 10-40K

Research pay is pretty similar to banking pay until director and above....even then, well ranked research analysts are still clearing $1M+

Oct 27, 2012

I'm curious what BB ER pays those coming out of a top MBA program. I know base it typically ~100k, but what is signing bonus and year end bonus range? I'm guessing signing bonus is 30-40 and year end is variable but in the 25-75 range. sound right?

Dec 9, 2013

Any new info on this would be well appreciated--happy to PM for specifics.

Dec 9, 2013

Are guys really getting signing bonuses? I mean, I'm pretty deep in a couple application processes right now so that could be good to know. How do you ask for a signing bonus when you have zero leverage - 1000+ applicants, and an inexperienced associate role...

I've had one offer with a well known MM and it was a 55k salary, no signing bonus and verbally, a promise of a raise in 6ish months (implied around 80 at that point). Ended up staying with my current employer, but that's what I saw in July. This MM has a reputation for being a little cheap though.

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Dec 16, 2013
woodywoodford:

Are guys really getting signing bonuses? I mean, I'm pretty deep in a couple application processes right now so that could be good to know. How do you ask for a signing bonus when you have zero leverage - 1000+ applicants, and an inexperienced associate role...

I've had one offer with a well known MM and it was a 55k salary, no signing bonus and verbally, a promise of a raise in 6ish months (implied around 80 at that point). Ended up staying with my current employer, but that's what I saw in July. This MM has a reputation for being a little cheap though.

Good move on your part. That is absolutely horrible. I know non-elite shops paying mouth-breathers significantly better than that.

Dec 10, 2013

Signing bonus is rare unless you're hired out of school or late in the year where it replaces hypothetical old firm bonus. BBs pay experienced associates (3+ years or MBA) between like 120k-250k these days with high end being outliers and majority in 130-180 range. That's all in.

Dec 16, 2013

For BB ER NYC as a 1st year associate, comp is structured similarly to BB IBD.
10 signing
70 base.

What differs is bonuses are lower (fair given the hours differential). Tough to pin down year-to-year and bank-to-bank but I think you can expect ~20-30. I'd say ~40 is on the high end of the range - maybe if you're a top associate at a great research shop (JPM, BAML, BarCap).

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Dec 16, 2013

I think people are getting their job titles confused. Let's forgo the titles and go with experience:

Out of undergrad or no prior ER experience: 60-80 base, 10-50% bonus
Out of MBA or 2-3+ years of ER experience: 100-120 base, 25-75% bonus

High 100s to low 200s I would say thats about where you can get to without sector responsibility ("senior or lead analyst").

Dec 17, 2013

What if you have no prior experience but have your CFA charter? Any bump?

Dec 20, 2013

Same as MBA I think - you could get hired in as an associate with the CFA.

Dec 25, 2013

1st year associate, base 100k, annualized bonus of 65k. Got into industry straight out of undergrad. No signing bonus.

Dec 26, 2013

When you say you "got into industry straight out of undergrad," do you mean that you spent some time working in corporate finance first? $100k base with a $65k bonus seems absurd for a first year out of undergrad.

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Dec 26, 2013

120 is high end for first year undergrad
170 is high end for first year MBA or 3rd/4th year associate

This is inclusive of bonus obviously

Dec 27, 2013
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