One of my friends last year got a job with Morgan Stanley's private equity team in or near Philly. He didn't even have a BB internship but got into MS, and that's great for him, but all of the guys told me that he said he'd be making $150k. Now I understand that with a nice bonus this is possible, but this guy was telling people he was making $150k as in it was guaranteed in the bank, a salary. This strikes me as pure BS unless I'm totally off base. I was under the impression that even a job like that would pay no more than around 70-80k to an analyst out of undergrad (salary). What is an accurate salary and bonus for typical first year analysts in PE?
As a side note, I'm starting in capital markets at a BB. I'll tell my close friends what my salary and signing bonus is and then I add on that I'll be making a bonus that can range in value, but I definitely don't tell people "Oh yeah, for sure I'll be making over 100k" because it's not certain.