Hey fellow monkeys,
I have been looking through industry reports on this site and throughout the internet and I am having trouble reconciling and matching up the comp. numbers. I have read over and over again that a good associate brings in around $300k in total comp per year. However, if I look at the WSO IB report, I see a figure of $228k... That's a pretty big gap, and I was wondering if any of you has insides as to what the real associate (and VP) comp are. How does the associate comp break down by year (AS1, AS2, AS3)?
Thanks a lot!
Pay is highly variable at the bonus level, less so for salary but still variable. My bank pays out $150k for Associate 1, $175k for Associate 2 and $200k for Associate 3. If you factor in bonus, that's in the $300-400k range. I'd call my bank a "Tier 1.5" EB. VP salaries go up by $25k / yr as well, so on 100% bonus assumption you're looking at an increase in pay of ~$50k per year.
Lots of variability in the data. A0 aka stub year gets submitted a lot which might impact the average (typical base of 150 and stub bonuses ranging from 30-60k).
Basically, A1 through A3, at any of the top 20-25 firms that pay "street" you should be looking at an all in range from 225-325. Also keep in mind that stock % is roughly 15-25% depending on firm.
VP has even more variability, but I'd call the middle 75% roughly 400-600, +/- 50.
Somebody correct me if I'm way off...
Stub 150+ 35-50 bonus
A1 150+ 75-225 bonus
A2 175+ 100-250 bonus
A3 200+ 120-300 bonus
top ends I cited are obviously top of street / highest EB pay.
90% of comp will fall within these bands
Only place I think your bands are off is that stub at EBs these days are 65-75. The low end of your bands seem too low to me, but I guess maybe at some MMs or bottom bucket low end BBS?
Bottom bucket and low end of mid buckets. Who’s paying $65-75 stubs?
Depends which MMs you’re talking about. Most of the MMs that people refer to here (Harris Williams, Baird, William Blair, HL, Piper, etc.) pay street or above.
Excellent, thank you all! This is very helpful!
MM. Bottom to Top. Mid is typically 100% of base.
A1: $150 Base + $100 - $180
A2: $175 Base + $125 - $250
A3: $200 Base + $150 - $300
How much are stubs normally at mid-tier BB (BofA, CS, Barclays, etc)? Let’s say Tech group.
Base is $150k and stub bonus is $35-$40k
Interested in knowing associate comp for Jefferies
Does anyone have updated pay for Lazard? Saw a couple places that total comp went up this year to match other EB but haven’t seen a confirmed source.
Any insight on Wells Fargo?
They had a tough year 2 years back but they are usually street.
So $250 all in?
As2 at MM can make 400K+ if you are absolutely top notch. And skip as3.
Is that like an HL? Does anyone know what RX associates pull?
what is hl and what is rx?
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