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
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
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
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
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
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
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
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
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
hello very much doubt we will all receive bonuses that are on par with the past few years. has anyone been given an indication of what their bonus for this year is likely to be yet? like 50%, 75% etc? thanks
09 Nov 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
Hi all, I just joined a boutique today and realise that the bonus for analyst will be released in June. I do not think I will be entitled for the bonus. May I ask how lateral hire analysts are treated in other companies? What is usually the cutoff (how many months for that year) period for the analyst to be entitled to bonus? Will I will then be entitled to 14 months bonus ? (2 months this year + 12 months of service next year) Appreciate any sharing of your own experience.
02 May 2019
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
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
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
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'll be working FT as an analyst at a top MM IB this summer, and was promised a $10k signing bonus. Thing is, it's April already and no word on when the bonus is going to be dispersed....I interned at a BB last year and by March this time already had my bonus in my bank account. Does anyone have any insight into this? Have other BBs and top MMs already given out signing bonuses?
02 Apr 2018
How much is total compensation for a 1st year analyst at HFF? (Salary + Commission + Bonus?) Assumptions: South East City, Debt/Equity Placement Team Any insight/thoughts would be great, thank you in advanced!
13 Dec 2017
Hi all, I am an analyst in a BB IB who has just accepted a Buy-side role and want to hear your opinions regarding logistics. My specific doubts are: (1) Is it ok to announce my resignation after the bonus number is announced but before it hits my account? Given that it is a BB, I am thinking that once the number has been cleared with HR, Group Head, etc. and has been communicated to me, they would not modify it following my resignation; (2) Should I offer to continue "working" for a 1/2 weeks? (Perhaps better to let them decide?) What are your thoughts? Also, if you have any recommendations on
27 Jul 2018
Is it me or is the pay of a junior analyst considerably lower in London compared to NYC? After doing some research I saw that the pay for a 1st year analyst was: In London: 50k£ + 20k£ bonus = 70k£ = 84k$ In NYC: 85k$ + 50k$ bonus = 135k$ Can someone tell me why?
27 Aug 2019
Hey! I've heard that the base salary for a first year analyst in London is 50K pounds with a bonus around 20k-30k... Is this correct? These numbers seem extremely low compared to the salaries in NYC.... Why is that? And are they any benefits in working in London compared to New York?
26 Aug 2019
With direct lending becoming an increasingly popular field, I was curious if anyone had any insight into what typical comp looked like on the junior level. My understanding is that it's slightly lower than PE and carries a lower base but higher bonus (at least as a proportion of total comp) to banking but would really appreciate some harder data points given the lack of information out there. Does anyone have any insight into this topic? I'm specifically curious in the delta between comp at the top shops that recruit almost exclusively LevFin IB talent like Golub, Ares, GSO etc. compared to
18 Feb 2019
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
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
Hey guys, Thanks for being helpful on this forum. Right now I've received an offer to lateral to another bank in a busier part of my industry. I think I'm the best candidate they're going to hire. What can I expect in the form of compensation / bonus for a lateral? They've provided a small stipend for moving expenses but I'm wondering if they'll pay me for the bonus that I'm leaving behind at my current firm. Is there a precedent for this? Do you know how laterals were previously compensated? Also - do you know if they kept their title or lost time on that during the transition?
12 Mar 2020
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
So, I'm a high school senior going to a target undergrad next year, and I've been looking into my career options. I've pretty much narrowed it down to medicine and doing-something-in-finance. As you can tell by the ambiguous wording of my latter choice, I have only a very small idea about careers on wall street. I don't necessarily have a burning passion for medicine, but I have a lot of experience interning and shadowing with various physicians, and can see myself being quite happy and moderately fulfilled in that role for the rest of my life. With the specialties I'm considering, I'd make
20 May 2016
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'm looking for responses from people who have gone through this before. Let's say I'm looking to lateral from my current company (company A) to a different company (company B) doing the exact same job as I am currently. For example, at my company, you receive your bonus 4 months after the end of year performance upon which it is based. Let's assume company B has the same bonus schedule and you lateral immediately after you receive your bonus. That means that in your new role, your bonus will be prorated to your start date and you will effectively lose out on 4 months of bonus. So herein the
01 Oct 2016
For fellow MBAs out there who are interviewing with IBD or taking an IBD offer, what numbers have you been hearing? Seems like most banks are offering $125K base+$50K signing bonus.
10 Oct 2014
As a second year analyst on my way out for PE, I am concerned that I will get screwed on my second year bonus. Me and my fellow second years have already turned down our third year offers, and we are gauging how much to check out. How badly will our second year bonuses be discounted because we are leaving?
13 Sep 2014
How common is it to get a substantial bonus at the end of your internship? I was an unpaid intern but I got paid a very small stipend every week and all my expenses paid. The expenses were quite considerable due to a long commute into London. At the end of my internship I unexpectedly got paid a very large performance bonus. Is it common for banks to give performance bonuses to interns?
21 Apr 2017
Hi All, I am a second year FO investment analyst at a large insurance company ($90bn+) and was hoping someone could provide insight to expected bonus? NYC area.
12 Nov 2016
Is anyone familiar with bonus structures for the large insurances companies within their real estate investing divisions? (Met Life, Prudential Real Estate Investors, Allianz, NY Life, AIG, etc.). This would be for entry level investment analyst roles. Anyone know how much one can expect? Or does anyone have any insight into compensation progression? (Northeast major metro). Thanks!
17 Nov 2015
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
Hi guys, I searched and found a few dated threads, but with bonus season coming up I was wondering what the actual bottom to middle bonuses have been recently when compared to the top bonus? Are we talking a dispersion of $30k or something much more? I see myself in the middle bucket, but there are a lot of talented analysts and politics in my group so I am just trying to get an idea to mentally prepare myself for whatever hits me. Thanks!!!
04 May 2016
So, I've been working in an accounting function at a real estate firm for three months. My salary is 35K out of college. This has always been a stepping stone job, but after networking/applying to IB gigs for a year, I started to lose drive. Well, I just got my "bonus." Granted, I'm fully aware I've only been here for 3 months so I'm surprised I'm getting a bonus at all, but I'm either being extremely ungrateful, or this is a joke. My bonus? $250. I have an interview with a boutique next week (finally!) and you can be sure I'll be studying my butt off.
27 Dec 2012
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
Hi, Current student here. I was hoping people could let me know more about bonuses at regional banks based in NYC like Piper Jaffray, FBR, Stifel Nicolaus or others. Additionally, I know these banks allow analysts to have more exposure to deals. Although deal flow can be lower and the deals will have lower profiles. As a result, how are exit opps? Thanks!
28 Aug 2014
All- Discussing some new roles which would would allow me to structure my own package. Within the hedge fund world, at the PM level, is there a typical formula (or at least framework) for annual bonus based on performance? % of total P&L? % of profit above a hurdle rate or benchmark? Any thoughts would be helpful. Thanks everyone. - Billy Ray
22 Aug 2019
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
Hey guys, I recently accepted an offer for SA position on the trading floor of a top supermajor O&G firm (Chevron/Shell/BP) in their physical power & gas group. I was wondering what bonuses are like in these groups. I have a buddy who's doing 1st yr analyst in commodities at a BB and their bonuses were 85-100% of base. I realize that an O&G company won't pay a bonus as large - but I was wondering what the bonus would be close to. I believe 1st year base on the trading floor in question is ~$65k Thanks for your insight.
07 Jan 2015
Was recently asked in an interview "When would you be able to start and are you tied to a bonus structure?." What is the purpose of the 2nd part of the question? Do people ever accept an offer, continue at their current job till they get their bonus, and THEN put their two weeks in? Do they convince their new employer to pay them the bonus that they would have received if they were still at their prior firm? Can anyone explain what the purpose of that question was?
17 Aug 2019
Ahhhh....bonus season. What used to be the best time of year has become a stressful nightmare since 2008. Bonus pools have been steadily shrinking, and black swan events like the rogue trader at UBS even have some banks rolling a donut. What's a banker to do? If you're a senior guy at Jeffries, apparently you threaten a walkout if your bonus isn't up to snuff. I've actually seen this happen once in my career, and it was effective. But in order for it to work, the entire office had to walk out, and it was the #3 office in the firm. The walkout so hobbled the firm that the firm was acquired by a
09 Jan 2012