WSO 2017 Investment Banking Industry Reports Released. Salary, Bonus, Employee Satisfaction, Average Hours Worked and More...

WallStreetOasis.com's picture
Rank: The Pro | 44,164

Dearest WSO Members and Visitors:

I am excited to announce the launch of the 2017 WSO Investment Banking Industry Report. You may remember several years ago we released something similar outlining compensation, rankings, etc across industries, but it was a static report and it was incredibly cumbersome to compile.

Investment Banking Salary and Bonus Report

We've been working over the past month to try and recreate that report from several years ago, but our goal was to have it as a more fluid resource that updates as more and more members contribute to the WSO Company Database.

WSO Company Database - IB Compensation, Average Hours, and Lifestyle

To get access to all 47,000+ submissions for 1 month for free, you still have submit ONLY ONE interview insight, compensation or company review...or you can get access for a full year with just THREE submissions. Thank you to the 30,000+ unique members that have helped us build this resource. We're excited that now the report section is live, we'll be able to accelerate the submission rate and help notice trends quickly...

Private Equity, Hedge Fund, and Consulting Industry Reports

Now that the Investment Banking section is fully complete we have focused on rolling out reports for other industries such as the private equity industry, hedge fund industry, consulting industry, etc... Check them out.

...without further ado...

Access the IB Industry Report

As always, we welcome your critiques and suggestions on how we can make the reports more insightful and useful to you...this is iteration 1.0.

Thank you,
Patrick

Comments (24)

Jul 27, 2017

Awesome! Thanks for the report!

Jul 27, 2017

no problem, hope you find it interesting!

Jul 29, 2017

Very interesting. Surprised by the chart showing the average number of hours worked.

Jul 27, 2017

how so, what did you expect? Remember that some of the larger firms have more than just pure front office IB mixed in, which could drive down the hours per week average for them (similarly, some of the smaller boutiques that work their analysts and associates hard will show a higher avg hrs/week).

Jul 27, 2017

Oh--so these averages are not pure IBD, but taking into account responses from all across the entire bank, like Risk and Equity Research. Didn't realize that.

Jul 29, 2017

Agreed, this is a great resource

Jul 27, 2017

So I guess the main take away is that Wells Fargo's HR and marketing department have FTEs dedicated to making WSO accounts

    • 3
Best Response
Jul 27, 2017

Actually, Goldman, BAML, JP Morgan, Morgan Stanley, Citigroup and Barclays all had more submissions than Wells...see further down, we detail "Submissions by Company"....so I'd say it was on the lower end in terms of # of submissions for bulge bracket banks.

What I think is interesting is the relative * moves between the banks over the years...we probably won't have this live for another month or so, but I think it would be more interesting to see the jump up or down in *relative percentiles vs where a specific bank "ranks" on a specific question at any given point in time (remember, these can change on the 2017 YTD report since we still have a lot of 2017 left).

For example, as recently as 2016/2015, Goldman and BAML, WSO members ranked them ahead of Wells on a lot of the "professional growth" categories. BUT I prefer to see these percentiles as a list of top banks (all ranked relatively equally) and to not think of them as rankings since all of these charts are based on subjective opinions of the members on WSO that fill out these submissions.

I think it's more interesting to see how certain firms are high in one metric but either non-existent or lower in another.

    • 7
Jul 27, 2017

Just joking. You did a great job, and agree with your statement. Made the shitpost because Wells Fargo ranks incredibly well on virtually every metric, also for metrics they wouldn't be necessarily expected in by most (e.g. ahead of JPM and MS on career advancement, recommended companies, proudest employees etc.)

Jul 28, 2017

Great work WSO! Very helpful.

Just a suggestion - is there any way you could embed the visuals to make them searchable? It would be very helpful to be able to ctrl+F a bank's name and see how many times it ranks and where it ranks.

Thanks again!

Jul 28, 2017

This report is incredibly informative. Thank you Patrick!!!

Jul 28, 2017

Danke, grazie, gracias !

Jul 28, 2017

Thanks Patrick! Looking forward to the other reports!

Jul 28, 2017

Surprised at the comp averages, is that for IB alone or is that across divisions?

Jul 29, 2017

Apparently it's across all divisions, meaning that it also includes BO/MO and FO. I was too surprised at first at the comp averages because I thought it was only IBD, but then Patrick said they included other department as well.

Jul 29, 2017

those numbers make no sense. is it from the 1970s? :-)

Jul 29, 2017

Amazingg stuff! Ty guys for your great work

Jul 31, 2017

Very insightful! Thank you @WallStreetOasis.com !

Jul 31, 2017

no problem! :-)

Nov 6, 2017

Interesting

    • 1
Aug 2, 2017
Comment
Aug 11, 2017