Heard rumor that after cutting underperformers they increased bonuses to be in line with other EBs

 

Can confirm they increased bonuses to match other EBs - top bucket I think was around ~170-180k. Even within top bucket there are usually bands so I'm guessing 190k was the highest band possible.

 

They have a top-top bucket that they only give to 2-3 analysts that is the highest band. This is also a practice they have for associates

 

Heard base is still 85, though, so looking at 140-180 all in

 

did analysts get cut or not? I'm so confused about the magnitude of these cuts and if it was actually significant, across offices etc

 

There were cuts in asset management and middle market (esp Chicago). Also some changes in the Paris office with the departure of Pigasse. Have not heard about any cuts to regular IB in NY, and very minimal/normal fluctuations elsewhere.

 

Autem harum fuga exercitationem perferendis ut ipsam. Inventore enim qui quibusdam. Occaecati sequi excepturi quia id exercitationem at iusto. Harum atque atque optio neque. Ex rerum qui sapiente et. Eveniet libero voluptas sit. Aperiam alias ipsam magni quas reprehenderit et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”