MM Pay Updates
After seeing a few updates on BBs and EBs increasing base pay for juniors, has anyone heard of MM adjustments as well? Would think that street pay would increase across the board but might be different for the MM banks. Any insights would be good to hear especially for WB, Baird, HL, Piper, RJ, etc. type of shops.
Bump
Info on William Blair?
Haven’t changed anything. No indications of it either
Anything on Jefferies for this?
need Jefferies to show up lol.
I thought Jeff did the peloton stuff and that’s all that’s been announced so far
Base is 85 for analysts
Heard that BMO was upping comp at the Junior levels. Is that true? Any insight on this?
Yes, 15% increase in total comp for analyst and associates
Is this going to be for incoming analysts, too?
Any idea if Truist will bump?
Lol keep dreaming
wrong reply
Why is that? Just curious lol
Worked there before moving on to another shop. They’re notoriously cheap. They just started allowing expensing of late night meals again lol last time there was an analyst pay bump across the street it took a few years for STRH to follow suit
Anyone have an idea of WB all in comp for first years? I'm doing my summer there next year and am curious.
I'm also curious about WB all in comp!
Bump
It’s been posted everywhere on the website. All in for this past year will likely be 180kish. Weird thing about Blair is your bonuses get paid in Feb, so huge payout after 1.5 years rather than a year and 2 year bonus.
HL increased associate pay by $25k
is it 175/200/225 now?
That is correct.
I thought they only announced increase for analyst comp? Is the new stub associate comp 175k as well?
Appreciate the information +SB
Any insights as to what VP base looks like at HL? Do you happen to know if they raised for that level, as well?
Is A0 160 now or still 150. CF and Rx?
.
Has Wells said anything?
temporary 10k special bonus paid out for six months, nothing permanent yet. apparently we think we're goldman and can pay bottom of the street
Any updates since?
HL increased analyst base salaries as well
Didn't they only increase analysts comp? Or was associate pay bump announced recently too?
Anything for harris williams
bump for HW
Can’t believe HW hasn’t given spot bonuses or raised base yet when all its competitors have done one or both
Heard hw bumped salary and gave spot bonuses to current analysts
Bump
Any info on Rothschild?
Bump for Roth’s
Roth bumped to 105
Bump, is base 85k or 95k?
Don't have any insight on any increases, but Roths was 85k before any new increases that may have recently happened.
Currently 85 for summer 2022
Any info on Nomura?
Bump
Any Info on Macquarie?
Any info on London, just anything in London as I feel like the UK is lagging?
Bump
What about Akjn Bay?
who tf is that
Do u have info on JM?
Anything for Leerink?
bump this
Bump
bump
Nothing at my MM. One time bonus w/ an immediate vest would be nice, though. Put it in the bank and fuck off to the buy-side the next day.
You and me both brother
Nothing for Piper Sandler. As expected.
Nothing? Bonuses this year been good at least or has everyone there been screwed?
Bonuses were OK but lower than everyone would have liked given the record year. But every MM firm is always ahead of the curve and Piper is always dead last.
Can concur for Piper…. 0 bones thrown this year except a stub bonus for 2nd years/associates (who got shafted last bonus). Piper brass seems to be oblivious to the negative feelings the juniors have, they’re blinded by the fact they’re doing well and few juniors have left so far.
They’ve made a bunch of missteps, like hiring two healthcare MDs in London without junior teams, forcing the other healthcare teams to take them on while already understaffed. I wonder if there will be an exodus after bonus season?
There will 100% be a mass exodus if they don't follow HL, Stifel, Blair, etc. Then they'll wonder why, and the cycle restarts.
Credit ag ? Soc gen?
Any info on Baird comp?
Stifel announced a 20k appreciation bonus for analysts/associates, 2.5k if a referral gets hired, $50 dinner stipend everyday, mandatory week of a vacation, protected weekends
Following
any comp info on pj solomon?
bump
My bank has already had a high rate of attrition this year and guessing that a bunch of A2A promotes are going to leave the day after bonuses hit, given that we have gotten fuck all. We have gotten 0 WLB or comp perks. The MDs are having a banner year though, so who gives a fuck, right?
Anybody know anything about Citizens Bank?
I believe RJ announced a $20k covid appreciation bonus for all analysts on top of year end analyst bonuses paid in June. Also an additional $10k to be paid out in december if you decide to stay on. RSU bonuses for associates and VPs.
Can't comment on other middle markets though, but heard that Stifel is also doing the $20k covid appreciation bonuses
did RJ raise base as well?
Not to my knowledge. I think base is still $85k analyst 1, $90k analyst 2, $95k for analyst 3
Baird gave spot bonuses to juniors
Any word on Lincoln? Incoming SA 2021
Curious as well
$10K spot bonus for everyone analyst to director
Any base raise or only the spot bonus?
Late but PS bumped pay to 100 for A1 and 115 for A2
Holy shit
Did they bump associate pay as well?
Yes to 175
Who tf is PS?
Piper Sandler
Any updates on WF?
Anything on Truist?
Looking for updates here too
I know they raised associate salary by $20k
Not working there, but when was this announced?
HSBC
90K/95K/100K
Damn even HSBC paying more than most BBs
Bonus is usually lower though, so increasing base is kinda moot
Any updates on KeyBanc?
They raised 1st-year IB analyst salaries in CLE from $75k to $80k base
Source: am an incoming CLE analyst at Key
anything for nyc? I thought nyc was 85k base
Rothschild
A1 105 A2 115
Anything for associates?
Truist anyone??????
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