Not familiar, but I'd place it around 50-60k, plus a meager bonus. The majority of their positions are corporate banking - so you will probably be disappointed if you have your heart set on 70salary + 10signing + 40bonus.

Edit:

I'd also be interested in knowing what they pay, if anyone has the facts

Array
 
Cries:
Not familiar, but I'd place it around 50-60k, plus a meager bonus. The majority of their positions are corporate banking - so you will probably be disappointed if you have your heart set on 70salary + 10signing + 40bonus.

Edit:

I'd also be interested in knowing what they pay, if anyone has the facts

I specifically referred to their capital markets groups...

"Life all comes down to a few moments. This is one of them." - Bud Fox
 
Best Response

capital markets groups are 70K + 5K sign on. Group specific offer will possibly give 7.5K sign on. Speaking with MDs and Associates... ABS (NY) and Loan Syndications (Pittsburgh) are their best groups. syndications bonuses: 15K-40K ABS bonuses: 20K - 60K I don't know about financial sponsors or the trading rotation. Not bad for the hours (60-80/ week) or location if in pittsburgh (that money will go a long ways).

 
5trader90:
capital markets groups are 70K + 5K sign on. Group specific offer will possibly give 7.5K sign on. Speaking with MDs and Associates... ABS (NY) and Loan Syndications (Pittsburgh) are their best groups. syndications bonuses: 15K-40K ABS bonuses: 20K - 60K I don't know about financial sponsors or the trading rotation. Not bad for the hours (60-80/ week) or location if in pittsburgh (that money will go a long ways).

Thanks! Location is in Philly and the group is FIG. I'm not entirely sure what it is but I think it's a trading/sales rotation program so I'm guessing the base is still 70.

"Life all comes down to a few moments. This is one of them." - Bud Fox
 

All capital market track positions pay base 70K with varying bonuses (below street).

This includes their DCM, S&T (hardly s&t), ABS, and a few other areas they include in "capital markets" track. Harris Williams is the true Investment Bank under the PNC umbrella.

I do not know what the corporate banking track pays.

 
5trader90:
All capital market track positions pay base 70K with varying bonuses (below street).

This includes their DCM, S&T (hardly s&t), ABS, and a few other areas they include in "capital markets" track. Harris Williams is the true Investment Bank under the PNC umbrella.

I do not know what the corporate banking track pays.

Thanks for the info, what exactly do you mean by "hardly s&t"? How Is it different from s&t at other banks?

"Life all comes down to a few moments. This is one of them." - Bud Fox
 

Mine was a SA but from what I've heard the FT is quite similar as well (based on behaviorial/fit and not so much technical info). They do have regional offices just about everywhere and I would think so in NY.

I personally declined an offer but I know several friends who did work for them. It depends on who you work under and where you work. Definitely try to get Pittsburgh (I know the city blows) but everyone who has worked there has had a pleasant experience, listing the management as friendly and helpful. Because they said that though, its probably not as competitive or aggressive as Wall St. but it can be a great experience. The guy who talked to me was dealing with steel/raw materials or something. He seemed really chill and was a CMU alum who also interned there before taking the FT.

 

Pittsburgh - Syndicated+Leveraged Finance (low to mid market financing)

NYC - New office, Primarily securitzation/structured finance (credit card & auto loan receivables, asset backed securities, various types of securitized financing for investment grade/speculative companies)

I think one of their major clients is dunder mifflin. Talk about prestige.

The world has changed. And we must change with it.

------------ I'm making it up as I go along.
 

For IB first year analysts started out at 70k in 2011 with a sign on of 7-10 with another bonus through the year. All together you are looking at 80-90k all in first year. You will also most likely be in Pitt, Cleveland, Philly, or NYC as that is where most of the cap markets groups are based.

 

I think they have two PE funds as of this year. One is still part of PNC and another was broken off from the original fund when the partners and senior people decided to go off on their own. I was just wondering if these salary numbers reflected this PNC PE group but I think you're talking about IB now that I've read it again.

 

I would say investigate the program very closely... and the kind of work you would be doing seemed nothing like BB s&t programs... as far as trading they have a very small group of traders that hold positions but all the rest are completely flow... when an MD there saw my resume with x BB on it, commented, and I asked how their program would compare to where I previously worked since I worked with the s&t kids first hand... he said there's was nothing like that and echoed that what they did was not really working on wallstreet...

my assessment was that the vast majority are in sales and sell pre-packaged trades to mid-small sized corporations (no AM/funds)

 

Dcm groups (PGH/PHL/CLT/CHI) are all 85k / 90k / 95k. Bonus is probably 50k / 70k / 90k for mid-top bucket.

They try to pay close to street, despite general consensus on this thread

 

Will also confirm the base is accurate as far back as 2018. The culture is hit or miss depending on what people want. The CM groups are probably among the best pay/hours in ib. The people I know are working 50-60 hours a week max. Don't think people are grinding very hard though if that's what someone is looking for.

 

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