My core group of buddies from undergrad all went different routes out of college. I didn't real estate acquisition and development, one did med school, and one is in medical sales. Obviously, the one that went the med school route is going to be anywhere from 200k-300k as a doc after resi in four years. What I found wild is how much the field of medical sales comps at. My one buddy is at 100k base with 60k-70k in commission. From what I understand this is not uncommon. I enjoy real estate for more than the money, but I was under the impression that if your on the principal side, there's not a
06 Oct 2020
What is an expected range for 1st year Assoc. comp at a good GP or Pension in Toronto? Data points on a per firm basis would also be helpful. Split between base and bonus would also be helpful
21 Sep 2020
Hi everyone, I'm finishing a master's in finance this year and my goal is to work in IB BB/EB in Madrid. I've done research but couldn't find much info about total compensation in Madrid (signing+base+bonus). I hope you guys could give some insight. Thanks in advance!
13 Sep 2020
Hi all, Been curious about this for a while and thought I'd give it a shot here. I see so many different numbers thrown around (some outrageous and unreasonable) for compensation at CVP, and so many people just saying they pay super well with zero data points. I was wondering if any of you had information from reliable sources at what compensation looks like for analyst, associate, and principal, as I imagine for MD+ compensation is wildly variable. I heard from many friends the 50K signing for Anl1 is definitely true, but was wondering what compensation might look like for An2/3, Asso 1-3
11 Sep 2020
I am starting at a new shop in a week. Will be working on real estate acquisitions, real estate development and small venture capital opportunities. My new employer is offering me a low-interest line of credit to co-invest in deals, to be used at my discretion. The line tops out at $25k/year, which for reference is about a third of the base comp. The interest and principal on the line get paid out as the deals perform. I am not very familiar with the various co-investment structures out there so I am wondering if anyone has any experience with this type of structure and what some of the
24 Aug 2020
Advised a range of institutional clients both in Europe and Asia; has worked in London and Hong Kong; took the long journey from Associate to MD ####WSO Mentor Want to work with me? Check out my profile here
22 Jun 2020
So I hear a lot about how some banks have good comp or bad comp, but what are the actual numbers here for analysts in all years for both salary and bonus? Wondering based on the type of bank. From my understanding, this is what 1st year analysts are GENERALLY paid, but feel free to correct me if I'm wrong or off (some are definitely dart throws). Insight on how it scales until the associate level would be helpful as well. Thanks. MM: salary 80k, bonus 40-60k boutiques: salary 80k, bonus 40-60k bulge: salary salary 80-90k, bonus 30-50k elite boutiques: salary 80-90k, bonus 60-80k
02 Sep 2020
I've been curious for a while how PE partnerships are structured in terms of compensation. Do partners (real GP % owning partners) own a % of the GP and accrue a % of the carry every year? What are the vesting terms for ownership and how does that usually work out? Does a PE fund put a fixed % of the management fee aside for paying employees or themselves? Really curious to hear from any PE/HF partners here on how partnership terms are structured.
02 Jun 2020
Anyone know what the average salary/bonus was for an Analyst & Associate in ~2010? Trying to understand how its changed in the last 10 years.
12 Oct 2020
Hi guys, I'm an average undergrad student(20 yo) from an average uni in Bangalore, India. GPA - 7.5, 2 internships in wealth management ( not well-known firms), 1 on-going internship in quantitative finance( not a well-known frim). I'll be writing CFA L1, feb 2021. yet to take the GMAT, I'll probably get around 680-700. I've completed a bunch of Insidesherpa virtual experience modules and I'm doing 2 courses on coursera ( python and investment management). I've recently started to trade penny stocks with a small sum, I'd like to take this forward too. I want to make big money in the comings
23 Aug 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
My real estate experience consists of +4 years in MF acquisitions. About 3 months ago, I left my old company on good terms and transitioned over to the development side (MF). I work for a small shop with a good group of guys who are intent on growing. Culture is good, work/life balance is good but pay is definitely on the low side with my experience. I don't have a slice of the pie and bonus is a lump sum for each deal closed. If we close any deals next year, it will be towards the very end of the year. If successful, I will be in the low 100's next year, all-in comp. Recently, I was
26 Dec 2019
Need some career advice. I am considering leaving my quant role for a startup. I have 2+ yrs of experience as a quant working at a single manager fund. I am considering leaving for a startup that has a product that I find really interesting. The startup has had a strong funding round and they are
21 Dec 2019
I am in the position of finding deals for a PE firm. The agreement is that I will get a piece of the equity upon consummation. We're looking at middle market companies ($500M to $3B in EV). My role will be to be a board member and/or run the company once acquired. I am an expert in the vertical. Q1: What should be the percent of deal upside (i.e. percent of value above acquisition cost) that someone gets for helping source + operate and/or oversee (i.e. chairing the board)? Q2: What other compensation should I be asking for (i.e. retainer, success fee...)?
15 Apr 2020
Look at the rap game rn. Pooh Shiesty is dominating the U.S. He came from the trenches and blew up. He is making investment bankers look like they are barely working. He travels all around the U.S shooting with top rappers in music videos and is getting bread and clapping some serious cheeks. This guy is making more money than most directors at top EB's and BBs. He living life. The entertainment industry is ridiculously lucrative. As Pooh Shiesty fans say, " POOH SHIESTY IS MY DOG, POOH SHIESTY IS just REALLY SHIESTY!" Its Shiesty season, get your money up. COVID ain't slowin him down and it
22 Feb 2021
Does anyone have an idea on how the comp is structured at a Head of Finance / Director type role at a MM PE portfolio company? Base / Bonus numbers would be helpful but also what can one expect at the backend? In talks with one that is backed by a ~$500mm fund - quite capital structure heavy so the portfolio company itself should be ~ $200-300mm of total capitalization right now across fund / co-invest equity capital / debt. Some of this would be owned by the rolled-up targets since many of these are less than 100% owned. Trying to understand what my own economics could look like if say, the
18 Feb 2021
How often do late 20s/early 30s analysts or PMs make low 8 figures in the HF industry? Obviously 2020 was an outlier with strong performance, but is this something that happens reasonably often in the industry (either MM or very large AUM SM)? This is assuming strong performance for both the analyst and the fund of course
16 Feb 2021
Hi all, I'm struggling. I want to work with real estate investments. I have been targeting asset management and acquisitions roles. So far I have interviewed for three asset manager analyst and acquisitions analyst positions and they all had salaries ranging from $50k-$70k, no bonuses, no carry, no equity. According to the CEL & Associates National Real Estate Compensation & Benefits Survey the low end total compensation should be $100k+. I don't live in SF, LA or NYC so I expect the low end but I just can't accept a role for that little. I have been working accounting for a real estate
14 Feb 2021
Afternoon, guys. I read through the comp survey, which was awesome, but I want to know if anyone has any first or second hand knowledge of the pay scale and/or comp structure at various levels at Jamestown - Analyst, Associate, VP, etc? No worries if not since this is very specific, but I figured I would ask.
07 Feb 2020
Hi Everyone, Salary check on an offer for a Corporate Strategy Manager role. This would be for a large household name private company in a non-NY city in the consumer industry. I was quoted 120 base + fixed 12% bonus. I have an M7 MBA, with 1.5 years in IB post-MBA. Does that seem right? Thank you!
26 Jan 2021
I will be joining a BB and my base comp is $85k. How much longer do you think it will take for most of the BBs to increase base comp to $95k? - I know EBs have already been switching to $95k for some time now.
17 Jan 2021
Hey WSO, what are your thoughts regarding compensation as an overseas worker? Some background about me: I started working at a family office in Central America about two years ago. Recently, my boss made a partnership with two other principals in Miami and since then we have now formed a formal real estate acquisitions group with plenty of deals closed in 2020 and more on the pipeline going forward, i've been working remotely ever since (coincided with the pandemic as well). Now, I think my job is great, but working as a remote contractor that is not in the US makes the question of value a bit
13 Jan 2021
Hi all, I've just received a PM offer from a boutique but respected and well-capitalized MM fund. I'm trying to figure out whether to take it / what to negotiate. I'm coming from the quant asset management side so I don't have a lot of perspective on these sort of terms. Here they are: Salary: 250k First year guarantee: 750k treated as a draw on 2022 payout Payout: 12% for Sharpe 1 and below, up to 17% for Sharpe 2 and above All expenses 'above the line' except my salary, simple carryforward of losses, good ramp-up and risk limits 6m non-compete, no retention of IP What do you think?
10 Jan 2021
Hey ya'll, Currently going through the interview process for an agency mortgage desk. From what I've found, S&T analysts make around 120,000 TC their first full year. However, this data all seems to come from Manhattan salary data. Does anyone have any insight on what TC would be for a first year analyst in other cities? COL calculators seem way off. (Think Houston, Miami/Tampa, Charlotte, Chicago, Minneapolis)
07 Jan 2021
Hello, I'm a student in the Nordics and my impression is that -- for analyst roles -- a management consulting base compensation exceeds that for IB by a fair amount, and when taking bonuses into account total comp is roughly the same. Avg hours seem to be 50 contra 70. Can anyone confirm or dismiss this? Is comp development more rapid in IB? And is it then unique for the Nordics? Does not seem to be the case in the UK or the US.
06 Jan 2021
Hi all, On a throwaway for obvious reasons. Would like to get a sense from others in the NYC area if I'm being underpaid or not given tenor, fund size, and responsibilities to get a sense for market Experience - 5 years total (2 banking, 3 PE at MF), have been quarterbacking deals (VP responsibilities) for over a year now including docs, diligence, negotiations, underwriting and portfolio management Comp - ~300 cash, 325 DAW (w/ vest) Where do VP's price in today's market? Would value feedback from anyone who's recent made a move at this level / further along in careers to get sense of if i'm
03 Jun 2019
Hi, Imp a first year Analyst in Tier 1 BB. In a trading seat. I've seen a lot threads on the comp in the US but nothing London specific. Can someone please help me with the rough base + bonus from First year analyst up to VP in £ please. Thanks
26 Dec 2020
Do bulge brackets pay the highest comp to their employees (junior level ofc), specifically in IBD. Any input would be appreciated!
22 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
Everyone is always so concerned about group prestige and firm prestige, this seems to stem largely from an eagerness to move over to the buy-side and get into a top firm/MF etc... If you are an individual who wants to stay in banking when does your firm and group "prestige" on the street start to matter in regard to compensation? I.e. if you are a VP at a BB in a lower performing M&A group versus a VP at the same BB or a different BB in a higher performing M&A group in regard to larger aggregate deal amount and "clout" and "prestige" - does this mean that the "better" M&A group is compensating
01 Jun 2020
I was recently offered a position to join the valuations desk of a MF PE Shop. I am from a nontarget and my ultimate goal is to eventually go to a M7 program for my MBA. Would taking this BO job hinder my ability to make that transition? Also, does anyone have any numbers into how compensation is paid out in non-junior level roles? (How much associates, and Directors make). Debating if I should take this role for the prestige or go work in a CF role for a Fortune 10 Company. Any help is appreciated. Thanks.
12 Feb 2019
Always found PE compensation info to be spotty so looking to share. Market: Major West Coast Experience: 2.5 years at MM PE out of UG Title: Analyst Role: Real Estate Acquisitions & Asset Management Firm Size: MF but division is ~$7B AUM Salary: $100k Bonus: 80% Carry: N/A Hours: 70-80 hours/week
14 Dec 2020
A buddy of mine got me a job interview at AllianceBernstein for Equity Research, but I have no idea on what the bonuses look like for first year Equity Research Associates. I already got an offer where compensation is like 115k all in. I know base for AB is like 85k. What do bonuses look like for 1st years?
29 Nov 2020
Hi everyone - I've been trying to work out the compensation levels across europe in MBB. So far based on the information provided here on the forum and also through other channels I know the following for entry level positions (pre-MBA): UK: around 50k pound +/- 10% NL: 50-55k euro DE: 70k euro CH: 95-100k euro Nordics: 50-60k euro Now I am completely in the dark regarding Belgium, Luxembourg, France and most importantly Central Europe/Eastern Europe Region/Balkans Some people say it is 1/3 of Germany, some people say more some less... I've heard that purchasing power is actually one of the
22 Nov 2020
I have heard everything from $35k base + 50-75bps commission to $250k base + 100-300% bonus. Can anyone weigh in on producer compensation for debt / mezz / pref at Starwood, Related, CapitalSource, ACORE (mezz/debt funds, etc.)? Any insight is appreciated!
12 Feb 2019
Finishing up my MBA and an associate at a REPE firm in the EU. I just recently got laid off as the fund is relatively new and they aren't able to generate business until later this fall by our projections. I am able to finish my time there up to the point of graduation which is good, but not I am looking to return home and have landed an interview for a Sr. Acquisitions Analyst for a investment firm in the SF area focusing on residential, retail, and mixed properties. My previous comp: $80k, no bonus, but super flexible schedule due to my MBA What can I expect from a firm in SF? My experience
06 Apr 2020
Hi all! I am thinking of doing a further study and moving into quant space on the sell side. Could anyone give a picture of the career perspective as a Quant Analyst in London? For example, how quickly it could climb up along the career ladder like analyst, asso, vp, d, md. And what is the general / average compensation structure like currently at different levels? Many thanks!
10 Nov 2020
got an SA offer for Nomura IB CFS (cap markets) and want to know more about their strongest teams and comp. i understand from Pan European Monkey 's great post (https://www.wallstreetoasis.com/forums/20-most-fr…) that LevFin is a strength -- i'm aiming for that and expressed + was assessed on it during my interviews -- are there any other particularly strong teams (in regards to dealflow + exits)? i know their base salary is above-market, but how do their bonuses / all-in compare to other banks?
06 Nov 2020
How common or realistic is it to negotiate your first year compensation coming out of undergrad? Does your GPA or graduating with honors have any effect? Can you bring other offers from different companies into consideration? Also, say you interned with a company your sophomore and junior summer - should you expect to earn more than somebody new to the company in the same position? Mostly asking for traditional corporate finance roles (I don't assume it changes with LDPs?) And also corporate development.
03 Nov 2020
I have an offer at a middle-market private equity firm that is fairly new. They just closed on $1.2bn, trying to get an idea on compensation at the Post-MBA VP level. What are thoughts on $175k base, $175k bonus, 100bps carry?
23 Oct 2020
Hi, I am going through my first transition now, and I am curious why the comp is usually discussed in an "all-in" format. Isn't the bonus supposed to be discretionary or based on some formula depending on the performance (and determined at the year-end)? Why do we set the bonus amount at the beginning? Is it just for the first year?
13 Oct 2020
Got an offer as a senior associate (I think it's the same as a senior manager?) in corporate development. All-in it looks like it would range from $200-$275k (salary is $165k). Is this where the market is for a senior associate / senior manager in corporate development? Anyone in corporate development that could comment?
12 Jun 2018
Hi, Currently working at an IB (associate level) and looking for a transition. I'm interviewing with a FoF, ca. 70 Bln Aum for an Institutional sales / IR position, role seems exciting, lots of client facing and travel, comp is great as well. What is the career growth? Exit opp and salary packages when getting some seniority? Partner position still reachable? Thank you for the insights
05 Oct 2020
Hey everyone I just have a quick question about PE in Canada. What are the comps like at the big Canadian PE shops (Onex, Birch Hill, etc)? What are the comps like working at a PE arm of a pension fund? Is IBD or PE generally better in terms of long-term careers in Canada? Thanks
17 Apr 2018
Hello all, Long time lurker and first time poster. I just wanted to share how much WSO has helped me. 4 Years ago I was a no-name at a no-name university and had nearly failed out of High-school. I decided one day to sit down and change my life (after receiving a LOUD wake-up call). So, I did what any money-hungry little freshman would do and literally googled, "what jobs make the most money?" My more naive self found that there were surgeons and hedge fund managers pulling in the dough, and I was not about to go to med school. I ended up turning my life around I lost 20lbs, getting a
14 Apr 2018
I haven't seen a lot of concrete info on compensation in ER. Does anyone have reasonable expectations for comp at the junior analyst/associate and VP levels? of course senior analyst will vary but I'm curious about junior levels. Does BB vs MM/Boutique matter much?
30 Nov 2018