What should you expect to make?

Downeasta's picture
Rank: Orangutan | banana points 250

(Before anyone says anything, I did search this, and couldn't find any good answers)

If I started this year at a respectable firm (nothing REALLY fancy like GS, MS, etc) as a 1st year analyst, how much should I expect to make?

(This is assuming I'm on an average-performing team, not a rockstar, and I'm working typical IB hours.)

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Comments (27)

Apr 25, 2011

did you actually search? thats hard to believe.

base=70k
signing=20k
bonus=depends on year/group/performance.

but minimum of 6 figures, with a mid 6-figure ceiling for first year analyst

Apr 25, 2011
leveRAGE.:

did you actually search? thats hard to believe.

base=70k
signing=20k
bonus=depends on year/group/performance.

but minimum of 6 figures, with a mid 6-figure ceiling for first year analyst

Yeah, I definitely searched. Maybe I was using the wrong words/wasn't using enough acronyms. I know salary seems like a shallow thing, especially for a 1st year, but it all matters.

How much of that 110-150k will you actually be able to put in the bank? Living in NYC+high taxes+student loans...I'd probably be lucky to see an 1/8 of my actual comp.

Apr 25, 2011
Downeasta:
leveRAGE.:

did you actually search? thats hard to believe.

base=70k
signing=20k
bonus=depends on year/group/performance.

but minimum of 6 figures, with a mid 6-figure ceiling for first year analyst

Yeah, I definitely searched. Maybe I was using the wrong words/wasn't using enough acronyms. I know salary seems like a shallow thing, especially for a 1st year, but it all matters.

How much of that 110-150k will you actually be able to put in the bank? Living in NYC+high taxes+student loans...I'd probably be lucky to see an 1/8 of my actual comp.

20k signing?

I Got a dollar and a dream...

Apr 25, 2011

^^^By "mid six figure", he means $150K, not $500K

Apr 25, 2011
alexpasch:

^^^By "mid six figure", he means $150K, not $500K

Heh-thanks for that catch. What happens when i log in and post during finals week...

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Apr 25, 2011

Base of 70 can almost be guaranteed....

Apr 25, 2011

Above is correct... use http://www.paycheckcity.com/NetPayCalc/netpaycalcu...
if you want to get an idea of taxes; how much you pay for student loans is obviously going to be individual specific

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Apr 25, 2011

assumptions / estimates.. for a first year analyst

rent + utilities + cable = $2500 * 12 = $30k/yr

food / clothes / entertainment = $15k/yr

other shit = $5k/yr

student loans = $5k/yr

total cash outflow = $55k

Cash inflow = $125k * .60 = $75k

beginning cash balance = 0, total change in cash = $75k - $55k = $20k, ending cash balance $20k

$20k / $125k = 16%; 1/8 = 13%; Close

I'm making it up as I go along.

Apr 26, 2011
Cornelius:

assumptions / estimates.. for a first year analyst

food / clothes / entertainment = $15k/yr

other shit = $5k/yr

student loans = $5k/yr

WOW, $15K on clothes and entertainment. You must look good plus have lots of expensive fun.

Also, only $5K for loans? Good for you. I spent $25K towards my loans in my first year.

Apr 26, 2011
KarateBoy][quote=Cornelius:

assumptions / estimates.. for a first year analyst

food / clothes / entertainment = $15k/yr

other shit = $5k/yr

student loans = $5k/yr

Only $5K for loans? Good for you. I spent $25K towards my loans in my first year.

Apr 25, 2011

20k signing bonus? your dreaming... I havnt heard of more than 10k

Apr 25, 2011
Bsinglet:

20k signing bonus? your dreaming... I havnt heard of more than 10k

I was under the impression that 10k was pretty standard too..

Apr 26, 2011

Anything less than 350 and you're a failure

Apr 26, 2011

Dude. LOL. There is NO firm that pays a 20k sign on for 1st year analysts.

Base is almost ALWAYS 70K.
Sign on is almost ALWAYS 10K. Sometimes lower or sometimes none.
Bonuses will be an average of 55K I would estimate.

All in comp should be around 135K. Increasing by 10-25K per year for 2nd/3rd year analysts.

--
"Those who say don't know, and those who know don't say."

Apr 26, 2011
nutsaboutWS:

Dude. LOL. There is NO firm that pays a 20k sign on for 1st year analysts.

Base is almost ALWAYS 70K.
Sign on is almost ALWAYS 10K. Sometimes lower or sometimes none.
Bonuses will be an average of 55K I would estimate.

All in comp should be around 135K. Increasing by 10-25K per year for 2nd/3rd year analysts.

Signing bonus of 10K if you didn't intern at your firm. 12.5k-15k if you DID intern there AND signed early

Apr 26, 2011
nutsaboutWS:

Dude. LOL. There is NO firm that pays a 20k sign on for 1st year analysts.

Base is almost ALWAYS 70K.
Sign on is almost ALWAYS 10K. Sometimes lower or sometimes none.
Bonuses will be an average of 55K I would estimate.

All in comp should be around 135K. Increasing by 10-25K per year for 2nd/3rd year analysts.

First year bonus of 55k nowadays? Doubt it.

Apr 26, 2011
awm55:
nutsaboutWS:

Dude. LOL. There is NO firm that pays a 20k sign on for 1st year analysts.

Base is almost ALWAYS 70K.
Sign on is almost ALWAYS 10K. Sometimes lower or sometimes none.
Bonuses will be an average of 55K I would estimate.

All in comp should be around 135K. Increasing by 10-25K per year for 2nd/3rd year analysts.

First year bonus of 55k nowadays? Doubt it.

Actually, that sounds pretty accurate based on what others have posted and other sites.

Apr 26, 2011

Hey guys,

What would a Middle-Market 2nd-tier bank IB like Oppenheimer & Co., Piper Jeffray, or even Nomura Securities pay?

Is it still 70k base with less signing and smaller bonuses or much lower in everything?

Apr 26, 2011
DorianGray:

Hey guys,

What would a Middle-Market 2nd-tier bank IB like Oppenheimer & Co., Piper Jeffray, or even Nomura Securities pay?

Is it still 70k base with less signing and smaller bonuses or much lower in everything?

I know the base pay (70k) and signing (10k) is exactly the same at all large banks including piper and nomura.

No idea about bonus though, it really depends on group and less on the firm.

Apr 26, 2011

Average at BB's you don't think is 55K for first years? Disregarding every no-name bank out there.

--
"Those who say don't know, and those who know don't say."

Apr 26, 2011
nutsaboutWS:

Average at BB's you don't think is 55K for first years? Disregarding every no-name bank out there.

No way average bonus is 55k, would be considerably lower even for BB's.

Apr 27, 2011

Average for top boutiques/BBs is definitely 55k+. For instance, our first years made 70k top-bucket last year. Hence, a top performing first year could max earn:

Salary: 70k
Signing (who summered and signed): 15k
Bonus: 70k

=155k pre-tax...BOOM. And that's why we work 120 hrs a week boys.

Apr 26, 2011

I have no idea where people are coming up with 30-40 average bonus for BB 1st year analysts. I don't think I've talked to anyone who works at a BB or elite boutique that has reported even bottom bucket being below 45k. Unless every person I've talked to and done an informational interview with is completely full of it, the range seems to be about $45,000-$65,000 across the BBs.

Apr 28, 2011

I saw in another thread it was confirmed that Citi's middle bucket bonus was $55k with $65k top bucket. I've also heard $45k-$65k bonus range for last year at BB's and higher for some elite boutiques, but this year the investment banks seem to be doing generally more deals and getting more revenue. I'd say (or, rather, I guess) we should expect $70k top bucket at BB's this year.