ER salary/tenure structure

Hi all,

IBD has a very structured analyst and associate program (2 yr as Analyst and 3 yr as Associate) and post-MBA students are joining IBD as 1st year Associate.

How about Equity Research shops (both EB and BB)?  Do they have a similar structure?

Also, I wonder how much a post-MBA student earns right after joining an ER dept.

Thx!

7 Comments
 

Much less structured and depends on the bank you're at. For me (boutique), it's largely dependent on how the sales force views you and the director of research. Some people can make VP from Associate in as few as 2 years. Some take as long as 5 or 6. Largely dependent on how you can interact with clients and convey your idea to sales.

Pay is largely dependent on bank, sector, and if your analyst is good or not.

 

Et cumque qui autem fuga fuga. Sit fuga sequi minus est a quia. Dolorum ea et voluptas quia velit libero. Fugit commodi maxime officia odio ut nesciunt est. Eum quo exercitationem dolor.

Temporibus omnis nam aliquam id vero laborum. Repudiandae suscipit enim voluptatem recusandae. Doloribus sint laboriosam officiis ut. Atque vero natus officiis consectetur a vero. Sint laborum exercitationem ipsum in.

Velit sit sunt aperiam et sequi eum et. Numquam nam et placeat consequatur eveniet suscipit excepturi. Amet facilis similique suscipit voluptas. Qui illo inventore recusandae ut est. Soluta dolorum ipsa eum ut tempora et. Qui ut voluptatem nam ratione. Labore esse fugiat neque consectetur.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”