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) 
MS
JPMorgan
Blue Eagle
Bofa (95/105)
Citi
CS
UBS 
DB

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

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

Comments (314)

  • Analyst 1 in IB-M&A
Aug 1, 2021 - 10:59pm

Blair at 110/115/125 for analysts

Aug 3, 2021 - 9:44am
Klavin, what's your opinion? Comment below:

According to this thread, Blair is adjusting AS1 to $175.

https://www.wallstreetoasis.com/forums/william-blair-raised-to-110k

  • Analyst 1 in IB-M&A
Aug 1, 2021 - 11:19pm

Does this mean everyone will have to match GS? 125k 2nd year sounds like 1st year base anywhere from 110-120k. EB's will SURELY have to match this +10k. 

  • 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
DayMan247, what's your opinion? Comment below:

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.

Array
  • Analyst 2 in IB - Gen
Aug 1, 2021 - 11:53pm

Dick Handler

  • 2
  • Prospect in IB - Gen
Aug 2, 2021 - 12:02am

Any word on Truist? Heard some crazy rumors about this past year

  • 1
  • 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 

  • Intern in PE - Other
Aug 2, 2021 - 8:53pm

Let's see, haha

  • Prospect in IB - Gen
Aug 6, 2021 - 1:02pm

Big if true. Source?

  • Analyst 2 in IB-M&A
Aug 6, 2021 - 9:14pm

Is this true??

  • Analyst 2 in IB - Cov
Aug 3, 2021 - 9:02am

Ill get started on that slide deck.  Which bank, should it come from this time?  

Aug 7, 2021 - 1:47pm
DayMan247, what's your opinion? Comment below:

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

Array
  • 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...

Aug 2, 2021 - 5:16am
Pan European Monkey, what's your opinion? Comment below:

BofA looking cheap again although known to pay top of the BBs usually, given how fast they moved the first time I'd expect them to move again shortly.

  • Analyst 1 in IB - Gen
Aug 2, 2021 - 10:03pm

Their Aso 1 base is also 175… BofA, while not GS/JPM, certainly pays their juniors well.

First year bonuses this year were very strong.

  • Analyst 1 in IB - Cov
Aug 2, 2021 - 6:45am

This says that BofA is 110k first-year as well, but I could not find anything confirming it:

https://www.efinancialcareers.com/news/2021/08/goldman-sachs-junior-banker-pay

Aug 4, 2021 - 12:41pm
justokgpa, what's your opinion? Comment below:

I am also interested in London.  Anyone know?

  • Prospect in IB - Cov
Aug 2, 2021 - 1:15pm

Jefferies trying to hard to fit in with the EBs

  • 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?

  • Analyst 2 in IB-M&A
Aug 2, 2021 - 3:09pm

Yea none of the BBs are 100 110 125

Aug 3, 2021 - 12:15pm
WS_Jerry, what's your opinion? Comment below:

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
referror

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

Except they're not. Do your research.

  • Intern in IB - Cov
Aug 6, 2021 - 1:28am

Any idea what it is for a2 and what does the bonus usually look like?

Aug 3, 2021 - 8:17am
Ryuk, what's your opinion? Comment below:

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

Array
  • 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
WS_Jerry, what's your opinion? Comment below:

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
WS_Jerry, what's your opinion? Comment below:

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

I think I did this right

  • Incoming Analyst in IB-M&A
Aug 3, 2021 - 3:13pm

Source? Was old base 85, 90, or 95? 

If LAZ is going to 100, EVR, PJT, and CVP will probably be looking to beat that

  • Analyst 1 in IB - Gen
Aug 3, 2021 - 2:08pm

BB jumps definitely apply to product groups, idk about pubfin and corp banking

  • 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 3, 2021 - 8:23pm

Friend at Oppenheimer said their AN1 base is now 95K since July too

  • Prospect in IB-M&A
Aug 3, 2021 - 11:45pm

Any updates on MF comp bumps?

  • Analyst 3+ in IB-M&A
Oct 30, 2021 - 8:14am

In SG they have raised in the NYC but not in Europe. There are rumors about salary increases for European juniors in IBD.

  • Incoming Analyst in IB-M&A
Aug 4, 2021 - 4:41pm

Lazard bumped recently as well. Believe AN1 is $100 base

  • Prospect in IB - Gen
Aug 4, 2021 - 10:30pm

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Aug 5, 2021 - 1:21am
m0nkeyC-m0nkeyD0, what's your opinion? Comment below:

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  • Intern in IB - Gen
Aug 5, 2021 - 5:52pm

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Aug 4, 2021 - 11:28pm
MagicMaker, what's your opinion? Comment below:

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Aug 5, 2021 - 8:18am
justokgpa, what's your opinion? Comment below:

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Total Avg Compensation

May 2022 Investment Banking

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