Comment any new/missing/incorrect info. Seems like firms are responding to information on the internet/social media, and it's also helpful for those seeking opportunities. Not tracking one time gifts/bonuses, only permanent, trustworthy increases in pay going forward. My list so far: Guggenheim A1: $85K --> $100K (+$15K) A2: $90K --> $110k (+$20K) A3: $95K --> $125K (+$30K) AS0/AS1: $150K --> $175K (+$25K) AS2: $175K --> $200K (+$25K) AS3: $200K --> $225K (+$25K) Bank of America A1: $85K --> $95K (+$10K) A2: $95K --> $105K (+$10K) AS0/AS1: $150K --> $175K (+$25K) AS2: $175K --> $200K (+$25K)
07 May 2021
I thought it would be a good idea to start a thread on 2020 public finance bonuses. If you could specify BB or MM I think that's a pretty important factor for PF. Title/Base/Bonus would be awesome to hear for anyone who has gotten their number so far.
12 Jan 2021
Disclaimer This post isn't meant to be a salty venting, but more of a sharing some of my self-realizations from the past year on things that I wish I had fully understood 12 months ago. "Congrats on closing your deal!" "You were a rockstar on this one – we couldn't have done it without you!" "You were the keystone of this transaction. This deal would have been dead in the water without your insights." "Congrats. Is that project I asked you to do last night (while you were up at 2:30 am closing this deal) done yet?" A Lost Rockstar Ah, the closing of another sellside, one which is very
31 Dec 2017
Your feedback will be critical in determining some key points our build out of a HF. I'll be showing this to the largest owner of the GP. TLDR: 1. What is the lead PM (design, trade, manage, research, and market) portion of a 20% performance fee for a high return/high vol but with a very attractive sharpe ratio HF? I've seen numbers such as half (50% of the total performance fee, or 10% of the excess performance for a 2&20). 2. What is the typical length of a non-compete is such a scenario, and what pay should be provided during the non-compete period? Story: I currently am a portfolio
06 May 2020
Let's get a nice chain of 2020 comp data from folks in the credit and equity research space. I'll start: Title: Credit Research Associate (1st year) Rank: Bottom, first post-MBA job Firm Type/Size: Buy-side, $200B AUM Base/Bonus: $110/45 City Description: low COL city in U.S. Looking forward to seeing how everyone fares for 2020. 2019 thread: https://www.wallstreetoasis.com/forums/equitycred…
18 Feb 2020
What are people's thoughts on the analyst lateral market post-bonus season (July / August)? Is it going to heat up? I have noticed a slight slowdown in the lateral market over the past couple of weeks or so as presumably firms have started to make new hires.
09 May 2021
Hi, I work at an equity LS hedge fund with about 200mil AUM (20% PM's money+80% client money) as an analyst. I worked at bulge bracket IB for 2 years after graduation until last winter and joined current firm in April. Our return was OK (+13% from fund's inception in April) and I currently earn 120k base. We are small team of 2 analysts+1 PM+4 OPs and have 2/20 structure. Although I don't have independent book, I would say I was involved in at least 50%-60% of portfolio construction(and also trading) and performed well. What base and bonus do you think I should negotiate? Thanks.
13 Jan 2020
Sup Now that the threads on bonuses have started and are being populated with 90% useless info and no numbers, thought I'd see what people are doing with theirs this year. Saving? Probably smart. That's the route I'm taking this year. Spending? Less smart but probably more fun. What are you buying? Maybe that new Rolex you've been eyeing, the new consoles, workout equipment, whatever. Would love to hear your bonus plans.
29 Dec 2020
Didn't see an existing thread, so wanted to get one up to chat about bonuses in this hellscape of a year. Depending on the sector, some firms are still really hurting, while some have escaped relatively unscathed. I would typically have received a bonus+raise by this time of year, but have heard nothing yet. The senior leadership at my shop took preemptive pay cuts back in March, but things have really not turned out to be that bad (one could even argue a lot of our positions have been bettered). Wanted to hear some anecdotes from around the industry before I initiate the conversation.
21 Dec 2020
Let's talk about the 2015 - 2016 year bonus. Please list the firm, level, salary, bonus using the following format: JPM, S&T, A0, 150k base, 175k bonus (75% cash, 25% stock) investment banking pay 2016 Feb 1st update: Here is a compilation of the salary & bonus #'s thus far (pulled from comments). Citi, A1,150k base, Mid Bucket 100k bonus (80% cash, 20% stock) Citi, A1, 150k base, Top Bucket 130 bonus (80% cash, 20% stock) Credit Suisse (CS), IBD, A1, 85k base, stub 25K (100% cash) CS, IBD, A2, 90k base, Top Bucket 67.5k bonus (100% cash) CS, IBD, A2, 90k base, Mid Bucket 50-55k bonus (100%
06 Sep 2018
All, anyone know what the bonus numbers were like at those firms? I think they killed it this year right? Was wondering whether the numbers went up vs 2020 (e.g. Evercore laid of a ton of people in Jan-2020). Thanks!
11 Mar 2021
I am a 3rd year analyst at a London based HF, we do global l/s equity. AUM is a couple hundred million GBP, say 400m. ~2 years ago (beginning of 2019) I negotiated a direct linkage of my bonus to fund's P&L at 2.5% of the fund's performance fee. So in a good year, with a return of ~15%, my bonus would be ~300k GBP (400m * 15% * 20% * 2.5%). My base is on the lower side (75k GBP), as the PM emphasizes the 'you eat what you kill' philosophy. Is my current deal a good one? I am wondering about renegotiating it slighlty after performance review in early 2021, as my contribution to the fund's P&L
03 Dec 2020
First year analyst at a BB here. I'm wondering what a realistic bottom bucket bonus is? I feel like i haven't learned anything and am not adding very much value. Is there any minimum / what's the lowest people have heard of?
17 Jan 2021
Hi all, Anyone have intel on base pay / bonuses for first-year analysts @ Landmark Partners? It's a secondaries PE firm based in CT, I know they're one of the biggest players in the space but haven't seen any figures on comp on here yet. Just trying to get an idea of how it stacks up against BBs, direct PE, etc. Thanks.
28 Sep 2020
Wondering if anyone could give some advice to a first year analyst regarding what to expect as a performance bonus. I will be given the chance to negotiate, but I dont want to come out as too greedy, nor too cheap. As context, there are less than ten people working at the firm, and we had a good (but not great) year. Thanks for the tips
14 Dec 2020
Let's share bonus numbers you've heard on the street. Please list bank, level, and bonus figure (in USD). wall street sales and trading bonuses 2017 Mod Note: You can find the Ib and ER bonuses forms below. IB Bonuses ER Bonuses The following are some highlighted examples of compensation from the thread. from certified user @lolusernames" A0 (analyst stub): 85k base, 25k stub A1: 90k base, 75k/70k/55k/50k/?k bonus (majority at 55k) A2: 95k base, 80k/75k/60k/55k/?k bonus (majority at 60k) Ao0: 125k base, 35k stub Ao1: 140k base from certified user @ironlawofoligarchy" BB S&T A2 - 140k Base &
02 Feb 2017
Apologies for the misleading title, this is more of a personal finance question. I'm a 2Y MBA student at a good school, blah blah. I'm financing bschool & associated living/drinking/traveling expenses through student loans. This is the only debt I have. Most is with private lenders, although some is through federal loans. The federal loans do not currently accrue interest so I don't intend to repay them in the near future. I was fortunate to secure a full time offer which came with a meaningful signing bonus. Curious how others navigated similar situations. My primary concerns are (i) personal
16 Sep 2020
Does anyone have numbers on current base / bonus rates for HF analysts out of IB programs (1-2 years out of college)? Since HF pay is less uniform than banking / PE gigs, it'd be useful to collect some data points. Given the variability in HF pay, it would be great if you could include AUM / fund size as well as a description of the fund if possible (single vs multi manager, long vs long/short, etc) so we can get a sense of what the current figures are like across the board.
11 Oct 2018
I feel like it is bottom of the field, dont have clear comps, but curious what you'd say (also no promotion after 3 years an an associate). Thanks!!!
14 Jan 2020
Hello everyone, A bit of context: * I am Part of a new HF with small sized but very experienced people. in Hong Kong * We are currently not active in private equity, but we are open to opportunities. Thus no clear framework * We had a terrible year in 2018, no bonus. Some senior partners left. But the company is holding on. * We don't have a clear rule on deals and fees since we never have done a big one yet. Although some senior partners are experienced from IB, The company is in growth mod and we need to build reputation and a few millions to stay in the black, (not yet fully profitable) So
20 Dec 2019
How much is total compensation for a 1st year analyst at HFF? (Salary + Commission + Bonus?) Assumptions: South East City, Debt/Equity Placement Team Any insight/thoughts would be great, thank you in advanced!
13 Dec 2017
Hey everyone, long-time lurker/poster but recently made a new account. My dilemma is as follows: got an offer to be an analyst for an infrastructure investment firm, the day I went to sign the contract they said they'd need me to help the advisory team too (they do advisory, direct investments, and asset management), and I said okay. Although I was unhappy about I tried to look on the bright side since I'd be getting a more varied transaction experience. Now my involvement on the deal team is deplorable, I honestly feel cheated, I came to invest in infrastructure and rejected other offers for
10 Jul 2018
Associate Salary Post MBA: $100,000 (30% tax)...$70,000 Signing Bonus (50% Fed+State/Local): $50,000...$18,000 Revenue: $88,000 Apartment in New York City: (2,000x12+Utilities): 30,000 Paying off your Bschool Interest and 10% Principal: 20,000 Coffee, Eating Lunch, Drinking, Prozac due to your Neurotic VP: 15,000 Drycleaning: 1,000 1 week vacation: 2,000 Net Revenue Per Hour: $22/hr (Equivalent Career: Gaming supervisor, Subway operator, Urban Planner) Net Profit Assuming Modest Lifestyle: $20,000 Net Profit Per Hour ($4.90) ... Having Pursued that Princeton BA, Harvard MBA, and getting shat
13 Jan 2010
Hello all, Curious to know how much people saved over a two or three year stretch while working as an IB analyst. If you could list your city as well which would be helpful. Also, if anyone has advice of what the target should be to save would also be helpful. Last question about base pay, does that usually increase as a second and third year analyst?
06 May 2011
Tis the season to be laid off, tis the season to be jolly. Given the recent (and upcoming) slaughter in IB, I want to share my story with the simple message that things will and do work out. I was til recently a 3rd analyst at a BB. I was communicated back in June that the firm was not going to promote me to associate. I took the news like any man with a backbone and turned it around expressing to my team that if it meant saving my team's ass, then I'd take it (up the ass). What I had in mind was that the sht was the sht and it can't possibly get any worse, but it could get better if I can
06 Aug 2012
Are analyst bonuses at elite groups such as GS TMT, JPM HC, BofA LevFin significantly higher than other IB groups? I feel like since their deal flow and hours are extremely high maybe bonuses tend to be higher.
20 Sep 2020
Hi everyone - quick market test. Just finished up my first year as an analyst. The few other friends I have who work in banking (also first years) have already gotten their bonus numbers for the year. My firm hasn't given out numbers yet. Is anyone else in my boat or is my firm late to the dance?
05 Aug 2020
Hello all. I'm a Director in a MM PE fund and my review is coming up. I've got the Heidrick & Struggles PE compensation report for 2016, but are there any other reports/analyses you would suggest in order to get a sense for what market base/bonus/carry is (by fund size, AUM, region, etc.)?
01 Jan 2018
Hi everyone, I have been lurking on this forum for quite some time now. Throughout most of my time as an undergraduate, I have aimed for roles in investment banking, but it appears that an REPE analyst role has fallen into my lap and I have been trying to gauge what compensation is for the past few months. I have read the previous compensation threads and was left with many more questions than answers as it appears that compensation is very firm-dependent. However, in my research, I came across the following compensation study: http://www.rhodesassociates.com/wp-content/upload…
23 Feb 2019
It is no secret management consulting--especially in the financial services--has had a bad year. KPMG, however, set aggressive goals (~16% top line AND bottom line growth. Just let that sink in for a company that size/age and its competitors/market) and missed--obviously. The firm had a respectable ~10% growth, but bonuses/salary increases have been dismal from staff level to senior members including forced retirement for Partners. To give more color, ~40% received no bonus at all. A lot of promotes were given title and no salary increase. There were massive layoffs, but senior management
12 Oct 2016
I'll be working FT as an analyst at a top MM IB this summer, and was promised a $10k signing bonus. Thing is, it's April already and no word on when the bonus is going to be dispersed....I interned at a BB last year and by March this time already had my bonus in my bank account. Does anyone have any insight into this? Have other BBs and top MMs already given out signing bonuses?
02 Apr 2018
Can someone explain a little bit about how the bucket system for bonuses work? How are bonuses usually allocated to 1st/2nd year IBD analysts? And usually, how difficult is it to make it into the top group? Thanks, any response is appreciated!
09 Jun 2016
Hey guys! I am brazikian monkey and for the last days I've been thinking about what I am going to do with my bonus. I'm already in my third year working but have changed jobs in the last two, so this will be my first real bonus. For my country, I will earn something about 30 - 40 K and i realized that if I just invest my bonus not using at least a part of it for something, I would not feel I had really earned it. I don't want a new car. For what I get on fixed salary I am already able to do some nice travels during my vacations. I can just buy some stuff but there is anything big in my plans
08 Feb 2016
Hello, looking for some advice on how to react to bonuses. The way it works at my firm is that you get to put in a self review and then later on you get a meeting with your manager and they pretty much break it to you what your rating is and what your bonus is as well as some feedback they've gathered about your strengths and weaknesses from people you've worked with. I'm pretty sure at that point the bonus is non-negotiable but wanted to ask what would be the best reaction that would increase chances of a good bonus the next year. For instance, if the bonus is underwhelming... what should you
15 Apr 2021
Andy note: this was originally posted in July '12 Hey gang, It's that time of the year, just had my performance review. I am probably a week or two ahead of schedule judging by previous years, but might as well kick it off anyway. I'm at a MM, so not sure how helpful my figure is to the group though. ----------------- Firm: MM Team: M&A Region: NY Current Level: 1st year analyst Rank: top bucket New base: 80k (from 70k) Bonus: 60k Good luck to my fellow monkeys, see you at the yacht store! :)
15 Sep 2012
This job at JPMorgan is in the CIB and shows "Investment Banking" category. However, it seems like it's a MO role, especially since it's not in New York. Any insight would be appreciate. What could salary and bonus look like for this group? TIA! CIB – Structured Products Group Database - Analyst Location: Plano, TX US Job Category: Investment Banking Employment Type: Full Time The SPG Residential Mortgage Loan Advisory Team is responsible for advising clients on the sale of re-performing and non-performing residential mortgage whole loans as well as portfolio optimization. Analyst/Associate
25 Feb 2020
Left after 2 yrs at a top 3 BB - $20k bonus. Was stunned on the call - knew I was going to get a low #, but this is a joke. 1st year bonus was $55k. Anyone have a similar experience? Does it make sense to hire a lawyer? My concern is that I've moved on to another IB. Checks clear in August - what would you do?
01 Aug 2012
From Op Ed - End Bonuses for Bankers
"Instead, it's time for a fundamental reform: Any person who works for a company that, regardless of its current financial health, would require a taxpayer-financed bailout if it failed, should not get a bonus, ever. In fact, all pay at systemically important financial institutions - big banks, but also some insurance companies and even huge hedge funds - should be strictly regulated."
09 Nov 2011
So back in February, I got snubbed by a BB ibank for a SA position in Toronto. I ended up cold-emailing boutique firms in Toronto and joined one here. When I met the guy, he told me the summer post would be unpaid with a bonus and that I would "make more money here than I would in any other internship." Now a month in, I have yet to be paid, even though I have added value (finding (correcting rather) trading multiples for an acquistion, setting up a meeting with a potential client looking to sell etc.) I find it awkward asking about my bonus but frankly, this is starting to piss me off, especially because we just closed one deal and I have yet to be told anything.
23 Jun 2011
Hey Guys, Just wondering what is the bonus and salary for 1st year and 2nd year analysts at the following boutique banks: Greenhill Moelis Blackstone Lazard Evercore Just trying to get an idea
02 Apr 2010
I want to get ideas from the WSO community on what type of bonuses and or perks people would want to help them stay in IB. I know Apollo gave a massive $200K bonus (with clawback), CS gave $20k and Jeffries gave out Pelotons. A couple of ideas: Cash bonus (10k-20k?) Gift card for a 2-3k to buy fitness equipment etc. Additional enforced vacation to be used this year (1-2 weeks) RSU sweetener with a small vesting period at bonus time I'm going to be in a meeting with senior bankers to come up with ideas around retention bonuses/gifts and I'd love to get people's feedback on what would make them
01 Apr 2021
I know banking bonuses have been pretty bad this year, but i've heard some numbers for hedge fund guys and was pretty stunned. One guy at a very well-known deep value hedge fund got around $1.5 million and another at a huge macro fund got around $5 million. Both these people are in their late 20's/early 30's. WTF?
26 Jan 2012
So I know there have been posts like this before, but what the heck... I just decided on an offer, and signed the contract today... and went and spent half of my sign on on a Rolex.. I had my eye on the Milgauss, but in the end went for the GMT II... I was just curious to see how others spent their sign-on or celebrated landing a job? I know it seems foolish to spend so much cash before even starting, but the way i see it, buying a watch is a pretty good way of remembering a good moment and rewarding yourself after a gruesome job hunting process.. Thoughts?
12 Nov 2010
Does anyone have any info on big4 Transaction Services and Advisory salary for first years? In New York, I assume less thanl BB IB but is it even close? Cant find much info on it. transaction advisory services starting salary and bonus In the transaction advisory services area, starting analysts can expect to make $55 - $65 thousand. The bonus level should be expected to be around 5% - 20% for top performers. Our users shared their experiences below. [quote _bird_ - Corporate Finance Analyst]i work in audit, but have direct knowledge of this. it depends on the firm, and the city, as there will
07 Apr 2011
Created this same thread last year and it had a good response so thought it would be helpful to do it again. I get a sense that the street was down across the board this year but all of the focus is on IBD and not ER or S&T so there's very few data points. It's helpful to collect as much comp info as possible to understand the health of our business and also for people to know whether they're fairly compensated. Obviously privacy/anonymity is important here but fill out something generic if you don't mind, as I have done below. Firm Type: MM (Jefferies/RBC/Stifel) Location: NYC Role: 3rd/4th Year ER Associate Base: 90k (unchanged, no raise) Bonus: 50k cash (flat Y/Y)
16 Feb 2013
Are these typically made available upon signing (as the name would suggest) or after your start date? I recently signed on for a bb ibd analyst gig but the offer letter says the signing bonus is paid within 30 days of the start date which is a bummer since that wont be until July/August 2011. Honestly, I would really like those funds for senior year discretionary spending (AC BABY), apartment hunt come spring, wardrobe makeover (nicer suits needed), and savings (gotta put that cash to work for me man). In short, 10k means a ton more to me now as a poor college student then it will come next year when I have a stable income.
11 Nov 2010