Promoted to associate but average base salary bump
Hi everyone. I was promoted this year from Analyst to Associate, but my base pay only went up 5-6%. My total compensation went up much more though. I was expecting both a bonus bump and a significant base pay bump, but I only got the former. I was wondering if this is normal. What is the average base pay for a first year associate without an MBA? For context, I work for a top BB investment management division on a research-heavy team with a historical track record of success.
What is your new base pay? What was your bonus?
Not willing to disclose. The question is more about the nature of base pay at a BB IBD employee in NYC. Is it right to assume assume all analysts (research, sales/business mgmt) have the same base pay as an AM analyst and the bonus is what differentiates amongst the role?
No this is not right to assume. Your salary is going to be lower than IBD in AM at pretty much every level until PM
Sorry it must have autocorrected, I meant IMD**
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