Philly compensation

phillybanker01's picture
Rank: Chimp | 4

I am just starting a job at a philadelphia middle-market investment bank. Seeing that salary discussions are avoided at all costs at work, and that on compensation websites there are not many data points, I wanted to get your opinion on the following.

I know the intensity and the pay will not be as high as a NYC career, but what can I realistically expect, all-in, as I advance through analyst, associate, VP, and MD positions?

And finally, how does philly IB compare to PE or HF from a compensation perspective? I am trying to make the buy-side sell-side decision, and this topic will be one factor I consider.

Thank you in advance for your help.

Comments (4)

Oct 12, 2010

I'll take any wild guesses/comments/suggestions

Best Response
Oct 12, 2010

Well here is the thing. You have two factors making any salary guess complicated.

1) MM bank
2) Philly

Analyst level is going to be around 60K base with a bonus % based off that base amount. It is real hard to even throw this out since in Philly there are a couple tiers of MM banks. Some are busier than others, etc.

I think a couple hundred K base with sizable bonus is in the range for VP. MD's will make much more based on what they bring in.

PE is a hard question also since there are a variety of shops around here.

PM me, I know the philly market pretty well.

Oct 12, 2010

1)Greezy Norf Fillie Cheezsteyk

2)Freeze dried Roy Halladay dip chunk

3)Used Beanie Sigel disc

Oct 12, 2010