WSO Rumor Mill: Associate Compensation, Full-Time Offers

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Some numbers out of the rumor mill for Associate offers this year:

BoA - $100k base, $30k signing bonus, $10k relocation
Goldman Sachs - $100k base, $40k signing bonus, $10k relocation
Morgan Stanley - $100k base, $40k signing bonus, $10k relocation

Please share any additional #s you have in this thread.

thanks,
Patrick

Comments (16)

Sep 22, 2009

Damn $40,000 signing bonus? That's more than some people make all year lol. What is the signing bonus for exactly? Isn't it essentially just part of salary making the total $140,000?

Sep 22, 2009

Yeah but you get it up front as opposed to broken into bi-monthly pieces

Sep 22, 2009

Its essentially to meant to pay for a portion of b-school/go towards your loans.

Sep 22, 2009

And I was always curious, if you are a lateral Associate hire, (say you just finished a 3 year analyst stint at MS and moved to GS) would you see that same package minus relocation?

Sep 22, 2009
Hyped31:

And I was always curious, if you are a lateral Associate hire, (say you just finished a 3 year analyst stint at MS and moved to GS) would you see that same package minus relocation?

Even if you are an internal promote, you are likely to see this.

Sep 22, 2009

What are year-end bonuses usually like for top-bucket 1st years?

Also, what are salaries like for V.P and up at BB's, or are they pretty small with a higher multiple of bonus?

Sep 23, 2009

When do bankers break 300K in total comp?

Sep 24, 2009

those look like pretty crap numbers...

Sep 24, 2009

40k sign on these days is really good, particularly since there were rumours banks were thinking of cutting them altogether. Base seems low vs the new revised bases that I've heard for analysts (ie many 3rd yrs on 90k so 10k is pretty small gap to associate).

In this climate you wouldn't be breaking 300k till vp level with a decent bonus, previously as a mid ranking associate you would've been able to.

Sep 25, 2009

...but we'll have to see how full-year associate bonuses shake out at the end of the year.

As for summer offers - 40/10k signon/relo bonuses were standard this year again with only exceptions being Barclays at $30k/10k and Deutsche at $35k/$10k. Heard BA Merrill raised signon to $40k/$10k.

Anyone know of differences in base? Seems like everyone is paying $100k base for 2010 full-time associate class.

Sep 30, 2009

10K seems low to me also. It used to be a 15K bump. Anyone have any other data points?

Dec 11, 2009

GS is bonusing Associates lower this year according to sources there; could be flat from last year; rest of the industry is probably a lot worse. Best of times, worst of times.

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The time is now, seize the day ...

Nov 18, 2010

Reviving an old thread instead of posting a new one: has there been any updates on associate pay for 2010?

Nov 18, 2010

Numbers remained the same.

100K, 40K, 10K was the average.

Nov 19, 2010

Have heard associates get a bump up to $125k after the $40k stub (after year 0). Can anyone confirm?

Also, the elite boutiques are paying 25-30% higher than the standard 100k base, 40k sign.

Nov 19, 2010
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