Truist Pay Bump

Truist increased pay across the Investment Bank, effective Jan. 1:

AN1: $100K

AN2: $105K

AN3: $110K

AS1: $175K

AS2: $200K

AS3: $225K

VP:$275K

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Comments (80)

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  • Analyst 1 in IB - Cov
Oct 22, 2021 - 10:21am

Analysts: 100, 105, 110 effective Jan 1

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  • Analyst 1 in IB-M&A
Oct 22, 2021 - 1:08pm

Yes you will get the raise automatically, no new contract. The analysts that started this past July also automatically got the initial raise to 87.5 which happened a couple months earlier.

  • Intern in IB-M&A
Oct 22, 2021 - 12:56pm

Lol before this thread everyone was shitting nonstop on Truist and now everyone says they're gonna live like kings. Glad corporate got the right idea and figured out how underpaying analysts might make them look bad

  • Analyst 1 in IB - Cov
Oct 23, 2021 - 1:26pm

WLB was probably a lot better 3-5 years ago. Now realistically you're looking at ~75 hours a week (lot of it spent fuckin around waiting for comments), with the caveat that all your coworkers are super chill and accommodating, both day to day and with regards to PTO. First year working on 2 live deals (one closing soon other in 6 months) but have done 7-8 pitches.

  • Analyst 1 in IB - Cov
Oct 23, 2021 - 10:42am

Know a guy who wanted a better WLB and left a top EB fo Truist. So, now he has a much better WLB and only a slightly lower salary. 

  • Intern in IB-M&A
Oct 23, 2021 - 3:50pm

I can see this, people on this website are fixated on top salaries/bonuses from EB's but none of that matters - it only matters how much you save. If you pay thousands more a year in taxes living in NYC and an insane amount more for the cost of living, your bank account is gonna be smaller than the guys in the south. 

  • Analyst 1 in IB - Gen
Oct 23, 2021 - 3:47pm

The Capital Markets groups are included in the pay bump. Not entirely sure about S&T though

  • Analyst 1 in IB - Cov
Oct 24, 2021 - 11:05am

2020 June Mid-Bucket

  • AN1 80 base + 35 bonus
  • AN2 85 base + 40 bonus

2021 June Mid-Bucket:

  • AN1 87.5 base + 85 bonus
  • AN2 92.5 base + 105 bonus

TBD how bonuses look next year now that base is 100/105/110.

  • Associate 1 in IB - Gen
Oct 24, 2021 - 3:28pm

ER & S&T should be included since these roles are lumped into Truist Securities' Corporate & Investment Bank. The base offered to analysts in ER/ST have been the same as IB and the bonus programs correlate with IB as well (albeit IB receives higher % of base). This is on par with the programs of other banks like JPM and GS

  • Analyst 1 in IB - Gen
Oct 25, 2021 - 9:25am

Not that this isn't sound logic (I do believe we should always be adjusting these things by COL), it would technically be KeyBank in Ohio with like 105k base

  • Analyst 1 in IB - Cov
Oct 26, 2021 - 2:20pm

Idk if COL-adjusted salary discussions are super productive. At face value Truist has gone from "dead fucking last" to "middle of the road" in IB comp within a 1 year period. I can't be the only person who finds that pretty impressive.

  • Intern in IB - DCM
Oct 25, 2021 - 10:54pm

I think Citizens (not Bowstring or Western Reserve or Trinity, just Citizens) is 95k according to levels.fyi

  • Analyst 1 in IB - Gen
Oct 27, 2021 - 11:36am

Incoming analyst for summer 2022. Officially got an email raising base to $100k

  • Associate 1 in IB - Gen
Nov 6, 2021 - 11:45am

Last summer probably got paid less because it was entirely virtual, meaning you didn't have to shell out any money on rent but $48 per hour is still pretty sick

  • Analyst 1 in IB - Gen
Oct 28, 2021 - 8:50pm

Is Truist Securities considered MM, LMM, or Regional Boutique? Genuinely curious what bucket the firm falls into when comparing offers.

Oct 28, 2021 - 9:16pm

I would say MM. It provides a full range of financial/CIB services, and has a national /multi-industry presence; it isn't confined to a given region or industry.Mergers and Inquisitions considers it an MM (https://www.mergersandinquisitions.com/middle-market-investment-banks/) alongside Baird, RJ, and Houlihan-Lokey, while 10X EBITDA considers it a "leading MM" as well (https://www.10xebitda.com/list-of-top-investment-banks/). I think the consensus is that it is not among the most well-known MMs, but isn't regional either.

  • Intern in IB - Cov
Oct 29, 2021 - 3:20pm

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  • Analyst 1 in IB - Gen
Nov 1, 2021 - 11:00pm

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Nov 6, 2021 - 11:22pm

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Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (235) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (514) $136
  • Intern/Summer Analyst (394) $84