When the **** are Moelis / PJT / PWP / Evercore going to increase base pay?

Didn't join this bank for the lifestyle... 

Anyone else frustrated at lack of response from EBs? 

Comments (117)

  • Intern in IB-M&A
Jun 30, 2021 - 11:57am

Agree, also don't understand why one of them wouldn't want to be the first mover and lay a marker down?

Way better optics for recruiting to jump rather than it seem you've been pushed 

  • Analyst 1 in IB-M&A
Jun 30, 2021 - 12:01pm

Not exactly a comp bank but where Jefferies at? +15k base >>>>>>>> a peloton that I don't have time to use because constantly working

  • Associate 1 in IB - Gen
Jul 1, 2021 - 8:02pm

Rich Handler. Do sth.

  • Analyst 1 in IB - Gen
Jun 30, 2021 - 12:02pm

Think Evercore is waiting to see how GS/MS will move and top that (like they often do for bonuses), they wouldn't want to be paying less than Barclays for sure  

  • Intern in IB-M&A
Jun 30, 2021 - 1:25pm

Do you (or anyone) know who PJT benchmark themselves against? 

Was under the impression they sought to be the 2nd highest payer after Centerview? 

  • Analyst 2 in IB - Cov
Jul 2, 2021 - 3:03pm

I don't think that's right. Know for a fact that Qatalyst and LionTree both pay significantly more than PJT at the junior level.

Jun 30, 2021 - 5:32pm
KitKat01, what's your opinion? Comment below:

Moelis tends to pay less base but higher bonus yeah? I may be mistaken but I thought that was their general MO.

Jun 30, 2021 - 12:09pm
Non-target Chimp, what's your opinion? Comment below:

How can you justify paying analysts ~$20k more over their 2 years when MBA associates only get paid $300k? And MDs at these firms are only clipping $2-5M. Cmon man. Think before you post

Most Helpful
Jun 30, 2021 - 12:33pm
motley_accrual, what's your opinion? Comment below:

MBA associate checking in, and this guy gets it. Yeah my analysts do all of the modeling, ppt, meeting scheduling, comps, etc. but do you know how many footnote and formatting mistakes I catch?

The fact of the matter is that if I didn't respond 'will do' within seconds of receiving an email from my VP, before forwarding to the analyst, who would?

  • Prospect in IB-M&A
Jun 30, 2021 - 1:38pm

Yeah yeah. A bunch of scrub banks have increased their pay so far. You can complain when BNP Paribas bumps their comp

  • Analyst 1 in RE - Comm
Jun 30, 2021 - 2:03pm

Will PE analysts base get bumped too do we think?

  • Associate 2 in IB-M&A
Jun 30, 2021 - 4:48pm

If you're complaining that your bank hasn't matched a competitor's increase in base salary, then whatever happiness you experience when your bank finally matches salary will fade 1 second after it's over. 

A little piece of advice: while we wait for the Street to catch up (and they will - for time immemorial they always have, whether it's in the new few weeks, a few months or a year from now), don't impart your internal professional issues on to an exogenous event in the banking industry. You get paid so much already that your satisfaction won't improve. If you don't believe me, ask BAML if the pay bump has changed their lives in any way.

But if you exercise patience and find something else to put your energy into, when your bank matches, it'll be that much better. In the meantime, try to learn something new on the job, catch up on industry news, try improving that relationship with your Associate or VP, or go hit the gym.

  • Incoming Analyst in IB - Cov
Jun 30, 2021 - 9:53pm

The fuck G they already pay far more than BBs 

  • Associate 1 in PE - Other
Jul 2, 2021 - 1:04pm

Unfortunately the pay differential is already $50-70k at the AN1 level (top bucket GS vs top bucket EB) and only increases further down the line. All hail the absolutely useless "prestige".

  • PM in HF - EquityHedge
Jun 30, 2021 - 10:00pm

Evercore won't raise base as long as arch-clown Weinberg is in charge 

Jul 1, 2021 - 11:12am
DDTG_tothemoon, what's your opinion? Comment below:

While extra base bump is nice, I guarantee you that extra ~7k post tax will make no difference in your life in the long run. You should never choose your first banking gig based on pay.

Learning experience, exits, and mentorship are far more important early on in your career and will add much more value than a few extra thousand added to your 6 figure pay check.

In my opinion, if you should never choose Baird, Barclays, etc. over the likes of EVR and Moelis because they raised base pay.

  • Analyst 1 in IB - Cov
Jul 2, 2021 - 10:45am

Indeed...indeed...I'll gladly take that $7k off your hands good sir

  • Analyst 2 in PE - Other
Jul 1, 2021 - 3:09pm

About to join one of these banks in a pretty niche group in the IB as a 2nd year... am anticipated to make between 220-240k in my first year with pretty huge bumps every year afterwards. And hours pretty much never go above 70/week.

That's why they aren't all that worried about bumping base 10-15k. From what I can tell its still pretty far ahead of competitors even with the bumps

  • Associate 1 in PE - Growth
Jan 9, 2022 - 4:35pm

My brother also said that same thing about Camberview. Equal pay as the rest of PJT but way better hours, with hours spanning from 50-70. I think that's why most people end up staying. Park hill def works more than 70 hours sometimes. 

Jul 1, 2021 - 10:49pm
ElliotsBattleship, what's your opinion? Comment below:

What's crazy is how greedy people are acting nowadays… complaining about getting paid 180-200k a year (top of street) with 1-2 years of work experience. The audacity to be whining about a lack of pay bumps is absurd.

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

What you don't understand is 1) working 100h isn't exactly a piece of cake And means sacrificing... everything else and 2) if competitors are increasing salary why should accept to be underpaid ?

  • 2
  • PM in HF - EquityHedge
Jul 4, 2021 - 2:17pm

People should be paid what they're worth, and that's gone up of late.

You're really calling analysts "greedy," vs. the managing directors whose pockets the bump would come from?

Jul 1, 2021 - 11:13pm
ElliotsBattleship, what's your opinion? Comment below:

Not really, "buddy." Even if every other bank gets a pay bump, the EBs will still be top of street and people still find a reason to complain. Also it's not relative… salary of ~200k out of college is damn near in the top .001% of global earners with that amount of work experience.

  • Analyst 1 in IB-M&A
Jul 2, 2021 - 12:23am

It is relative. Who tf cares about "global earners" bro. Im not comparing myself to third world inhabitants or the bums in america who went to a shitty/no college

  • 6
Jul 2, 2021 - 1:20pm
ElliotsBattleship, what's your opinion? Comment below:

That's the beauty of at-will employment. If you're unhappy with your top of the market salary and the bonus for your reduced ability to be recognized at a dinner party is now less than $40,000, you can move to any other company you want. But complaining about it on a forum is so soft.

Jul 2, 2021 - 9:25pm
Anon_Monkey_An2, what's your opinion? Comment below:

The only way to get this done is spam HR until they're forced to take action

  • Analyst 1 in IB-M&A
Jul 4, 2021 - 9:48am

At one of the firms listed and want them to raise to at least $115 v soon... 

  • Intern in IB-M&A
Jul 4, 2021 - 9:50am

Corporis itaque ut ipsum velit. Magnam ab non deleniti repellat esse. Optio reiciendis qui ipsam reiciendis. Labore at et ipsam placeat aut eos in. Voluptatem in odit eum accusantium quia quisquam.

Ipsa dignissimos corporis sapiente ducimus sed sunt. Omnis culpa consequatur sed. Cumque aut magni voluptas ea iusto et. Dicta voluptas iusto est.

Nihil distinctio sapiente quia sapiente sed amet. Eos harum eligendi provident dicta aperiam tenetur.

  • Analyst 1 in IB - Gen
Aug 1, 2021 - 7:20am

Inventore repellat sequi ea ipsam. Rerum eos magni est consectetur repellendus quidem ea. Sit ut accusamus porro qui possimus sequi optio. Quam vel officia corporis aperiam quis sed laudantium et. Libero tempora amet odio in sunt. Distinctio voluptatibus a omnis consequuntur eligendi nesciunt exercitationem ratione. Dolorem cumque et omnis quis.

  • Analyst 1 in IB-M&A
Aug 2, 2021 - 1:23pm

Est optio facere est magnam nihil dolorem. Aut non ipsam non corrupti omnis rerum ex. Temporibus quam optio asperiores at qui minus. Quaerat sit vero nobis ipsam repudiandae dolorum accusantium consequatur.

Nulla quia non animi animi. Porro quod ipsa et eaque repellat neque mollitia. Consectetur fuga consequatur adipisci voluptatem et.

Vel dolor perspiciatis quaerat sint qui. Enim aut culpa sit temporibus nisi. Esse voluptatem vero atque distinctio rerum quas accusamus aut. Qui explicabo sed rerum quia. Minima odio harum autem aut quis ut eos atque. Molestias doloribus distinctio sit corrupti dicta. Iusto eaque possimus omnis pariatur qui et atque optio.

Sit quia suscipit atque. Vitae nesciunt voluptas ipsum ipsam. Mollitia sit et temporibus similique quasi consectetur accusamus facilis.

Start Discussion

Popular Content See all

7 Things I Hate About Citi
+518IBby Analyst 1 in IB - Cov
Is IB Fun?
+91IBby Prospect in HF - Macro
Lifting and IB
+84IBby leveragenjoyer
How is everybody on WSO top bucket
+59IBby Analyst 1 in IB - Gen
What's up with CVP's exits?
+44IBby Analyst 1 in IB-M&A
How much are you spending for rent?
+43IBby Analyst 1 in IB - Gen
Cannacord Genuity Comp
+41IBby YabberShneebs

Total Avg Compensation

May 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (36) $393
  • Associates (181) $246
  • 2nd Year Analyst (112) $162
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (352) $149
  • Intern/Summer Associate (74) $147
  • Intern/Summer Analyst (273) $91