UPDATED: Benchmarking IB Analyst Salary (August 2021)

All BBs which were originally at (85K/90K/95K) are now at (100K/110K/125K) unless otherwise stated

Goldman (110K/125K) 
Blue Eagle
Bofa (95/105)

Yet to announce anything:
EVR (incoming "works at Evercore" about to chime in)
Centerview (sans $200k A2A)
Moelis (rumored tho)

Other banks
Gugg (100K/110K/125K)
Rothschild (105K/115K/??K)
RBC (95k/100k/105k)
Blair (110/115/125)
Baird (110k A1 base)
Houlihan Lokey (90/100/110)
HSBC (90K/95K/100K)
Stifel (95k/100k/105k)
PJS (100k A1 base)
BMO (100k)
WF (100/105/110)

If your bank isn't on here then i'm sorry, i'll try my best to update

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Comments (304)

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  • Analyst 1 in Research - Other
Aug 2, 2021 - 11:35am

Has literally always been the standard that bases were the same between markets and IB. Definitely room to complain that this is a brand new change to FO compensation schemes, that clearly benefits one division over the other

  • Intern in IB - Cov
Aug 3, 2021 - 5:18pm

Isn't that a bit low for associates? Didn't most places just move it from 150 to 175?

Aug 7, 2021 - 1:41pm

This is correct. IMO it's wild to not match market especially given that associates, particularly MBA associates, are less likely to value name vs. the money. Material difference now vs. some peers.

  • Analyst 2 in IB-M&A
Aug 3, 2021 - 11:10am

You seems to know a lot about Truist from your posts. Any chances on getting another base bump to match everyone???? I think every single bank is now at least minimum 95k/100k an1/an2. I can PM if you want to be private too.

  • Prospect in IB-M&A
Aug 2, 2021 - 12:05am

Anyone know what this means for the few MF PE Analyst programs that are taking more and more analysts from undergrad every year ? Would they raise salaries as well 

Aug 7, 2021 - 1:47pm

Idiotic imo. There is now a significant material difference between pay during associate years at Goldman vs. peers.

  • Incoming Analyst in IB-M&A
Aug 2, 2021 - 1:58pm

Hopefully this benchmarking analyst compensation email that just got sent around means they are looking to raise soon...

  • Analyst 3+ in IB - Gen
Aug 2, 2021 - 2:14pm

I can tell you first hand that Moelis does 90 / 95 / 100 but gave out a 10k per year wellness bonus paid quarterly so it's now 100 / 105 / 110 plus really high bonus

  • Analyst 3+ in IB - Gen
Aug 2, 2021 - 2:14pm

I can tell you first hand that Moelis does 90 / 95 / 100 but gave out a 10k per year wellness bonus paid quarterly so it's now 100 / 105 / 110 plus really high bonus

  • Prospect in Non-profit
Aug 2, 2021 - 2:51pm

bruh why is BofA still like so low lol. also, what does Centerview (sans $200k A2A) mean, could someone explain?

Aug 3, 2021 - 12:15pm

Doubt you'll get one if SG doesn't give one

I think I did this right

  • Associate 2 in IB-M&A
Aug 2, 2021 - 10:21pm


Love (most of) the banks telling associates to go die

Except they're not. Do your research.

Aug 3, 2021 - 8:17am

Do you guys think other BBs will bump again to GS level? if yes when do you think this will occur?

Aug 3, 2021 - 9:31am

I'd bet that they move to 100/105/110 and they aim to match GS on a total comp basis but that's just conjecture

Fortis Fortuna Adiuvat
  • Analyst 1 in IB - Gen
Aug 5, 2021 - 10:37am

Not accurate - GS13 and attrition made management revise comp model they have been doing post GFC. 1st year bonuses were over 100k+ this year

Aug 3, 2021 - 12:14pm

We need the French IBs to match comp. sucks watching y'all have all the fun :/

I think I did this right

  • 3
Aug 9, 2021 - 1:19pm

Rumors have it that SocGen raised analyst salaries by $15k. 

I think I did this right

  • Analyst 1 in IB-M&A
Aug 3, 2021 - 3:21pm

Yeah I've heard nothing about bumps… previously heard they are burning analyst 1 to 90 but no word from firm

  • Analyst 1 in IB - Cov
Aug 4, 2021 - 1:47pm

Multiple articles out about imminent 100k boost

My group head also told a fellow analyst on the low that 100 raise will come soon

  • Analyst 2 in IB - Gen
Aug 5, 2021 - 10:46am

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Sep 20, 2021 - 1:17pm

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Aug 4, 2021 - 11:28pm

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Ipsa tempora qui atque vel eos officia beatae. Et non officia enim nisi harum maiores similique. Qui repudiandae fuga recusandae. A libero sapiente necessitatibus voluptatem est. Eos deleniti et voluptatem minus eum qui deserunt dolorem. Sed vel repudiandae explicabo nisi est enim. Architecto ad illo sed alias deserunt.

Aug 5, 2021 - 8:18am

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  • Intern in IB - Gen
Aug 5, 2021 - 9:24am

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Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (219) $232
  • 2nd Year Analyst (133) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (484) $135
  • Intern/Summer Analyst (376) $82