Can someone please confirm this news and if it impacts associates? Haven’t heard anything yet. I might just stick around…
A1 —> $100 A2 —> $110 AS1 —> ?? AS2 —> ??
| +260 | Earliest you can get fired | 56 | 1h |
| +247 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 44 | 2h |
| +223 | Career Crossroads | 31 | 11h |
| +220 | Investment Banking is Divine | 38 | 6h |
| +214 | US 2027 SA IB worried about background check | 52 | 15h |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 3h |
| +203 | Another $115bn Mega deal for these banks. Congrats! | 43 | 11h |
| +50 | Is UBS really that bad? | 20 | 2h |
| +37 | Is Houston SA 28 recruiting already over? | 32 | 4h |
| +22 | Sweat Group 2026 Discussion | 24 | 5h |
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.
Confirmed. AS2 moving to $175. Not sure about AS1.
Second the confirmation, 100% true.
Pretty cool of piper tbh, wouldn't have expected this at all from them, and them doing it likely means other banks will follow suit.
This is the first time I've ever seen Piper be a leader in anything comp / benefits / culture related instead being a follower.
AS2 moving to $175k? That was already street comp before last year. Was Piper paying below street?
Typical associate progression is like this
AS0 - $150k
AS1 - $150k
AS2 - $175k
AS3 - $200k
I think they meant A2 as a 1st year associate (i.e. after stub). I have heard some people call it that and would make more sense considering $150k > $175k.
Is this a true salary bump, or are they just shifting some bonus to base?
Either way it’s a salary bump. I think you mean a total increase in compensation. Even if it’s not a total comp increase, increasing the fixed portion of comp is always better than relying on the subjectiveness of the variable portion of comp.
Of course, but a shift to base isn't nearly as nice as an increase in all-in comp, which I'm guessing the firm will try to portray this as
Idk why some of these guys are complaining on here. I'm a 3rd yr analyst and make less than Piper 1st yrs
So third year analysts are payed 150 base from completion of second year to January following stub year at which point they become AS2 and get bumped to 175?
Apparently…
That's correct, a lot of banks are doing this now.
How much do third year analysts make exactly?
Third years were $125 so assume that got bumped
Do people think this will spread to other MM shops? At a Blair/Baird/HW bank and wondering if we’ll get a similar bump
Do people think this will spread to other MM shops? At a Blair/Baird/HW bank and wondering if we’ll get a similar bump
Cross your fingers. I hope so too
Cross your fingers.
Any news on whether the London / UK Piper offices are receiving salary bumps?
Itaque minus qui dolor voluptas fugit minima ut. Ducimus velit et omnis cumque est. Dolores quisquam nihil similique sit quisquam cumque.
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...
Id excepturi accusantium et dolor enim iusto. Consequatur distinctio hic quia non qui nesciunt eligendi amet. Neque a quo quo.
Dignissimos ullam totam aut consectetur ad. Voluptas commodi qui fuga architecto aliquam qui.
Quasi ut nihil fuga dolorem. Expedita dolores eos at praesentium quisquam nobis. Natus enim omnis iusto possimus.