Assuming one decides to forego the MBA and just stay an extra year to get promoted from Analyst to Associate, is the compensation you get as an Associate much lower than as an MBA hire?
I've tried the search, but couldn't really find anything specific to this topic.
| +3,971 | Bank of America - Juniors Strike to start Monday May 6th | 416 | 1h | |
| +842 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 21h | |
| +588 | This is a dark day for Wall Street. | 46 | 10h | |
| +420 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 46 | 8m | |
| +188 | How to strike without being fired. | 21 | 13h | |
| +185 | Analyst at Bofa FIG-Thoughts | 28 | 21h | |
| +169 | Big Layoff at Barclays - 5/1/24 | 88 | 1d | |
| +164 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 23 | 8h | |
| +150 | BofA List | 37 | 7h | |
| +127 | Shame on you, BofA. But also, the industry needs to change. | 17 | 19h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
There is zero difference in comp outside of bonuses, which has nothing to do with MBA or not. Once you start Associate training you are all considered equally, and the analyst promotes are generally thought of more highly by the groups because they have 3 years of seasoning and relationships in the bank with none of the arrogance of the MBAs.
Agree with TechBanking. I would be surprised if an MBA Associate gets a higher bonus solely because of their MBA. I would also add that an Associate should be able to execute everything an Analyst does in a timely manner. An MBA Associate in their first year can't do that in my experience. As an Analyst, working with an MBA Associate with no banking experience is a bit painful as they try to reinvent the wheel and add value which only results in more hours.
Again it is difficult to generalise but this is my experience.
Ipsa excepturi doloremque ut blanditiis doloremque sit. Aut suscipit cumque qui quos.
Quibusdam cumque veritatis sed dignissimos porro odit. Totam ut dicta porro quasi quaerat laborum ipsa. Ut aliquid repellat ea aliquam.
Quaerat odit possimus voluptas reprehenderit qui excepturi. Quis sapiente autem magnam repellat totam esse qui quae. Est unde et fuga vel qui voluptatem sunt. Sed ullam iusto reprehenderit consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...