HL hasn't raised base
Would be a shame if younger talent on this site was informed of this and decided to choose other offers that pay market, would be an absolute shame to the "platform" senior guys religiously parrot
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Odd post. Maybe include the current salary bands if you want to be a little more helpful to prospects?
What’s their base?
And what’s Rx base?
Believe it's 105 for An1 rn
HL runs a 3 year analyst program and the pay scales
AN1: 105K
AN2: 115K
AN3: 125K
This makes them ~5K off Street for AN1 pay and 10K off for AN2 pay, with AN3 pay being less relevant or equal to other banks. Is 15K over two years something to just brush off? No, but I also don't think it's a reason to completely write off a bank
Being underpaid your first two years out of college is material IMO, especially for top/mid level canidates
Why wear yourself out in one of the coverage groups when you can do the same at other boutiques and get paid more
Why go here for RX when Lazard and PJT exist?
Did HL shit in your breakfast? Ig thanks for the update but it seems like this was a post just to hate on HL, with no other anecdotes attached other than numbers. I'm sure you have better things to do.
If you can get an offer from pjt rx take it over hl rx regardless. Even if pjt was paying below HL I’d take pjt
BUMP!!! When the fuck are we gonna get raises? We were 5k above street and now we’re below street!!
Plz make another post if you feel this way (not on your work computer of course). Seniors look at this site and they may ignore us, but at least they'll see it.
Definitely agree. I check the site once a week hoping someone has heard something. Not the end of the world but they should be paying over street imo.
HL CF probably indexes against its competitors like Blair, HW, Baird, Piper, Lincoln.
Blair is at 110/115/125
HW 110/115 (2yr a2a)
Baird 115 all years
piper 100/115 (2yr a2a)
lincoln 100/110/125
not sure if piper or Lincoln re-raised, but if not that puts HL around mid-pack in base salary.
RX is a different story and their bonuses are more reflective of their comp indexing to boutiques
Rothschild M&A too is also 105.
Still no update?!?!? CS raised to 110 today as well. Seems like we’re the only bank not at 110. This is getting fucking ridiculous.
One thing to note about HL is the massive perks for lunch and dinner. At 105K, it is possible that you're net cash flow is higher given every meal is paid for in full. That's not the case at a BB.
Isn't it only for RX?
What are the policies for lunch and dinner?
Bump, this is a bad joke
Seconded - salary levels used to be above street, both for Houlihan and for GCA, which they recently acquired. Now they are below market, and base salaries massively so in some geographies. The pay scale also rises much more slowly as you progress compared to other firms.
Bump - how were AN and AS bonuses and did they announce AN base raises?
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