compensation

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

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

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

Hi everyone, I wanted to create a post about my process on GS for Junior Analyst in IBD. Sadly I did not get it but anyways. Context: Applied in Mexico City, 2 years of experience in AM and from a mexican target school. 1.- Apply through the page 2.- Webinar of general information (No filter yet) 3.- Steps 1 and 2 were in January 2021, and in mid february I got an email saying I have passed to the next round (HireVue interview) 3.1.- HireVue Interview was really easy, general questions like walk me through your Resume, and situational ones like "What would you do if a client is asking you to

17 Mar 2021

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

I was speaking to a few undergrads recently and they told me that they weren't applying to BoA because their starting is so much lower than other banks. (base $20-30k lower vs other BBs) Not sure how BoA's bonus is structured but is this true? At the associate level, I've never heard of such gap - although none of my classmates went to BoA.

07 Apr 2021

I cant find much in the way of compensation for real estate other then the summary page from the HR consultant that is floating around here, so I thought maybe people will be willing to describe what they do, their market, and what their compensation looks like. Industry: Real Estate Development Title: Development Associate Market: California major sub markets Shop Size: Small (0-20 employees) Experience: 6 years real estate, 3 years being development Product: Mostly ground up market rate multifamily (50-200 units), some commercial ground up Duties: Manage entire projects as the second behind

09 Aug 2016

Hey fellow monkeys, the title says it all. Was wondering if post MBA associates, in particular from M7 schools, get paid less compared to other BBs. The consensus seems to be that a decent post MBA A1 can pull in on average around 300k per year (it's probably somewhat higher at EVR and CVP and somewhat lower at places like WFC). Would appreciate if you all could share some experiences and numbers around the GS discount. Thanks y'all

23 Mar 2021

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 haven't seen one of these in a while, so I figured I would start one. I am a Vice President in equity research, with coverage of a selection of stocks (from mid to small cap firms) within a large sector. I'm at a top 10 bank. Ask me about how the industry works, lifestyle, recruiting, compensation, etc.

02 Jul 2016

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've taken a look at the master compensation doc, but wanted to get a refreshed take on the current market comp for specifically debt fund analysts in tier one markets like NYC or LA. Does anyone have any recent data points? And does anyone know how bonus structure typically works within these types of shops?

21 Apr 2021

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

Curious to hear your thoughts. I have 5-7 years of relevant experience, and now I have two offers before me: a mediocre oppty (but with a strong brand name) in Midwest with NYC/market comp vs. a great oppty in NYC but with much less comp. What should I primarily focus on before I make a decision?

31 Mar 2021

I'm confused. I used to post on here a couple of years ago, most of what I posted was bullsh*t. The truth is I was in my final year at university, I'd just done an internship, wasn't sure how I felt about it as a prospective life, and I wanted to play banker on the internet to test the water a bit. To cut a long story short, I ended up going into banking, and I'm now about to become a second year analyst in IBD at a BB in London. This has been a very very tough year. If I could give some genuine pros and cons of my experiences in banking; Pros

27 Apr 2011

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

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

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

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

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

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

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

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

Sat at your desk, getting texts from off old friends, and girls you could've got on, who are out partying just a couple of blocks from you. Sat at your desk, falling asleep, feeling the emotional, physical and mental pain of yet another all nighter. Sat at your desk, hating yourself for being so driven by the artificialities of prestige and money, whilst everyone else is out there living their few precious years with a happiness you can't even understand enough to properly envy. You're tired, you're sure you're knocking years of you're life expectancy, you're in agony, and can't stop focusing on that extra weight that's started to accumulate. Then you start to dream... I could've been an entrepeneur, I could've been a musician, I could've opened up that little salsa bar, I could've just travelled the world, using whatever job I find in one place to fund the move to the next. I could've applied to wealth management (they all go home at 7pm and have 0 stress). I wish I banged my best friend at university (who was a girl! and smoking hot). I miss the intimacy of a relationship. I miss getting regular sleep and being home in time to go grab a beer with my friends.

06 Apr 2010

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

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, 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

Hi everyone. I wanted to get some candid advice from all of you about a job I'm thinking about taking. It is a VC role at a top-tier firm. I'm being directly hired as an associate (so I'll skip the two-year analyst role). My only concern is that I believe that the salary is slightly low. I'll basically be making a little less than 100K on an annual basis. I know that this is a unique opportunity but I have a number of banking offers that would allow me to make your typical BB type salary. However, I strongly want to be in VC long-term. This VC role would clearly set me up to be a partner well

19 Dec 2017

Do bulge brackets pay the highest comp to their employees (junior level ofc), specifically in IBD. Any input would be appreciated!

22 Dec 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

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

Can pretty much confirm all these numbers. Summer will be pro-rated on base of: Bulges: GS: 85k + 1.5k stipend JPM: 85k + 2.5k stipend MS: 85k + 0.5x overtime + 2k stipend CS: 85k + 0.5x overtime +2k stipend UBS: 85k + 0.5x overtime + 2k stipend Citi: 85k + 0.5x overtime + 2k stipend BAML: 85k + 1.5x overtime + 2k stipend (see comments about OT) DB: 85k + 0.5x overtime BarCap: 85k + 2.5k stipend Wells: 19/hour + 1.5x overtime +2k stipend Boutiques: Lazard: 85k + 2k stipend (updated) Evercore: 95k + 2.5k stipend Moelis: 85k + 2k (updated) Qatalyst: 95k + 7.5k stipend BX Advisory: 70k (probably

22 Feb 2015

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

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

Started at a good NYC bank a couple of years back, my trajectory has been this: Graduate Analyst: $75k base, $8k sign-on, $18k bonus (stub, had only done a few months) 1st Year Analyst: $80k base, $105k bonus (top end) 2nd Year Analyst: $94k base, $310k bonus (top end again) 1st Year Associate: $120k base I got my $310k bonus and promotion 2 weeks ago.

10 Feb 2008

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

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

If you're in the market for a new job, is it inappropriate to ask recruiter about compensation before accepting an interview?

23 Feb 2021

Hello World! Compensation in the PE world can be a bit of a black box. I sometimes get approached by folks who are perplexed by their compensation packages at a middle market PE fund. There is little consistency even across funds of the same size. On the surface, this doesn't exactly make a whole lot of sense. After all, it is easy to calculate a PE firm's revenue: simply take the fund size, multiple by 2%, and there you have a pretty good estimate. Right? Wrong! Here are a couple of the dynamics at play "under the hood" that can have a profound impact on the PE firm's revenue and therefore

29 Dec 2016

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

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

Hedge Fund Structure Over the last few months I've realized just how diverse hedge funds are, and how little people (both in/out of the industry) understand about the different structures. This is my attempt to distill some of the bigger differences in 'team structure and compensation'. It's a detailed answer to a question I asked two years ago: .Tiger cubs vs. hedge fund gaints. This isn't really about investing strategy (credit vs. l/s equity vs. activist), though certain strategies lend themselves better to certain structures. Hopefully others can chime in with additional insights. Hedge

03 Aug 2014

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

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

Hey All- I have been negotiating an offer with a PE firm to come on as a VP. I actually have worked for this same firm before, left for a few years, and now they have roped me back in. They are currently in the process of raising their second fund (sub $500mm target) and since it is still small, my comp is likely at the low end of the PE VP spectrum. Question I have to you is, do VPs typically receive carried interest in the firm and if so how much? Given the high level of risk around the fundraising, I would think this could be something I can push for to make up for the slightly lower than

05 Apr 2016

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

What is typical pre-MBA compensation at a VC firm in a major market (e.g. SF, NYC) after two years of IB or consulting? I've heard the total comp is lower than PE, but looking for information about typical base salary, bonus, and carry ranges.

05 Jan 2018

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

Widely considered the creme de la creme of financial institutions, hedge funds are a source of fascination among investors and others alike. Individuals aspiring to make exorbitant amounts of money look up to top managers with dreams of one day running their own fund. Getting to that point is a topic for another thread - right now it's time to discuss hedge fund compensation. Hedge Fund Manager Salary The first thing to understand is that there are two driving factors that stand above all others in determining compensation: fund size and, more importantly, performance. This applies across the

31 May 2010

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