FT Analyst Offer Terms
Curious as to what other people's terms were and what the average was? 70 base + 15 Signing here.
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congrats
70 + 12.5 who does more than 70 for base?
70 + 10
Boy, have NYC salaries stagnated.
Do numbers differ between NYC and other cities?
Just curious, is negotiating a FT offer seen as taboo on Wall Street? My numbers are at the low-end of these.
http://dealbreaker.com/2013/08/signing-bonus-watch-13-centerview-partne…
i know a kid who lost his offer trying to negotiate. i wouldn't push it. you're at a bb are your offer is not on par with street?
and no. regional is not diff
About the same, from other analysts I spoke with...
i've yet to hear of a BB giving more than $70k and $10k signing...
Does anyone know how different the pay is between a boutique and a BB? Does the pay differ between different cities?
top boutiques pay more than BBs (wells)
I have friends at moelis LA that got $80-$65k (depending on bucket) bonus as a 1st year analyst
that has NOT happened at a BB in years, and prob wont for a while if ever. same can be said about lazard, centerview, evercore, PWP, qatalyst, greenhill etc. for the most part, all 'elite' boutiques pay above street for signing (sometimes double BB signing- centerview $20k signing, greenhill $10k cash $10k stock vested over 2 years) base (greenhill $75k 1st year base, centerview $80k first year base) and bonus.
granted, you work more on average at an elite boutique as there is more work/person but its a trade off
There is more than one BB that pays >$10k signing.
Will base pay increase to 75k soon?
...
@dreamer1992
I'm psychic, GS TMT SF and CS TMT NYC right?
In all seriousness, I believe Evercore pays 75-80K, not sure about signing but may be a bit higher. I believe BBs are standardized, some pay a bit more though not sure which ones.
...
The "more than 10K" is incentive pay to sign early and I believe it is group specific . My group pays ~3k, friend's group pays 5k, some groups pay nothing. it's for interns who are coming back FT
Correct. Boutiques do pay higher as well.
*mean to say wells fargo might pay close to top bouqites, they hit $65k top bucket this year in LA office.
Want to shed some light on things discussed in this thread.
GS: mildly infamous for the 'GS discount' (they know they can pay less and people will accept offers because of the name brand). Case in point: summers don't get overtime, analyst signing bonus is $10k, and year-end bonuses are often lower than other BBs (i.e. BAML was paying top first-years $70k this year; GS certainly wasn't there).
Centerview: $50k signing bonuses for summer analysts accepting offers this year. First-years just hitting the desk are livid that they only got $20k to sign a year ago.
Elite boutiques: tend to pay slightly higher than street. For base salary, Greenhill, Centerview, Evercore, and Qatalyst are all known to offer more than street. Bonuses are higher as well, i.e. Moelis' and Centerview's confirmed numbers this year.
When you hear of signing bonuses being larger than $10k at a bulge bracket, it's typically one/a combination of any of the following: signing incentive (speed, i.e. sign within a week and get $5k more), relocation being lumped in and termed 'signing,' one group or regional office offering more than is standard for that bank.
Hope this helps. YMMV.
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