Research Analyst (Biotech) in Piper Sandler NYC?
How much should a research analyst in biotech be paid (all-in bonus + salary comp) at Piper Sandler in NYC?
There are 33 people in the group.
Also, what are the exit opps?
Thanks.
You mean for first ER associate (equiv. to IBD analyst)? Base should be 75 - 85k with small bonuses. Exit ops are IR, other ER gigs, and unemployment.
Should probably ban this guy. He just spams every ER thread with unemployment jokes and contributes negative value to the forum.
AndyLouis please help
i sent him a warning, if it continues to be an issue in the future let me know
Are his numbers realistic? Would 100K all-in comp be realistic?
Yes, but probably a touch higher
My roommate came from biotech consulting and signed on to a comparable MM (with strong HC franchise) for $120k salary and an expectation for 30% - 40% bonus. Considered "experienced associate". Biotech ER comp is absolutely higher than standard ER
Going to step-in here because I actually have some data points based on facts. Most biotech ER associates have advanced degrees at this point, but comp is about the same regardless of your degree. Also, realize that despite the XBI performing like complete garbage this year, there is an unreal amount of demand for biotech professionals right now given the sheer amount of capital that is being deployed into the private biotech sector that is leading to a ridiculous stream of names that need to be banked into IPOs and analyzed on the buy-side. Sell side cannot even fill positions anymore they're losing juniors so quickly, and semi-capable juniors are being prematurely promoted into 4th/5th line senior analysts for banking purposes.
~$150-$175k associate straight out of school
~$250k associate with some work experience
Senior analysts are a very wide range, but can range from $400-$600k on the low end to $2-$3 mn multi-year guaranteed contracts for moneymakers/1st string (aka "franchise") senior analysts (2x2, 3x3 contracts not uncommon).
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