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Impossibly low bonus
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...
CFA® Compensation Survey
http://www.cob.unt.edu/firel/liu/invest/Supporting%20Materials/CFA®pay2007.pdf Anyone have something more recent than 2007? Edit: And not the 2011 Seattle one.
So it begins...
Dearest WSO users and contributory body, It is the time of year where the graduating class, that received their offers last recruiting season, are jumping head first into the mysterious abyss of the investment banking universe. Many are in training, have just started, or are about to start on a 2...
How Banker Pay Is Out of Whack
We all know that we get paid a lot relative to the average guy on Main Street. We like to think it's because we're something special: that we've attended the right schools, that we have the right combination of hard and soft skills, that we're...well...somehow better than everyone else. But this was...
Flexible Benefits at BAML in London
Hi monkeys, I will soon be joining BAML IBD for a grad position in London. Do you know how the flexible benefits program looks like? Especially, is a private health insurance a part of that, and does the bank pay for it? Unfortunately, the BAML helpdesk could not give me specific information. Thank...
The Guy who Cancelled Star Trek Makes More than Executives on Wall Street
Yes, in a recent article on Bloomberg, William D. Cohan points out that the top executives in the entertainment industry, including Les Moonves, who as a CBS executive cancelled Star Trek, make more than the top executives on Wall Street. This fact in itself is not all that interesting. Wall Street...
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Quick compensation Q at top consulting firms
Hey guys, I know that this has been discussed in depth on this subforum, but as someone working in investment banking who's being asked about consulting compensation from a friend, I'm not really sure what to tell them. Can anyone tell me really quickly how much a business analyst at a MBB...
Bonus structure at small hedge fund (am I being played?)
Okay, so I just received an offer from a small hedge fund (10 - 20 people) in Chicago. I will be a trading assistant until I can prove my worth and become an actual trader (6-12 months). The hedge fund manages around $60 - 120 million dollars and primarily does volatility arbitrage on equity...
The Latest Lehman Brouhaha
Four years after their spectacular demise, Lehman Brothers is still causing problems for Wall Street. The latest bombshell hit on Friday when a compensation report required by the bankruptcy court disclosed that Lehman paid out almost $700 million in comp to 50 previously undisclosed traders in 2007...
IBD APAC 2012 Compensation
I've been a member of the site for a while already, and while I have gotten a lot of useful info from here, I haven't really contributed anything so far. I've recently came across this newly published APAC IBD compensation report from a headhunter and feel it may be helpful to fellow Asia-based...
WSO compensation report in Forbes
http://www.forbes.com/sites/kenrapoza/2013/03/13/how-much-do-wall-stree… Any #'s you've found interesting? If you haven't seen the report yet, all you have to do is submit 3 entries into the company database (http://www.wallstreetoasis.com/wso-company-database), even if you've only had three phone...
Tips Bankers Like Waiters
I saw this article in the NY times and I wanted to receive your opinion. Do you think this would open the doors for bribes instead> [quote] Tips Bankers Like Waiters Forget Europe’s bonus caps for bankers. It might make for good publicity for the politicians, but wags in the City, London’s...
MM to MF after HBS
If one doesn't end up at a megafund after 2 years in investment banking, but rather, ends up at a MM shop for the pre-MBA stint, would it be possible to transition to a megafund after 2 years at HBS or do megafunds only take post-MBA associates that worked at megafunds prior to H/S/W? My guess is...
Facebok pays better than 1st year analyst?
Which bank can top this offer? Sounds pretty good to me From BI: How much does Facebook pay a recently graduated software engineer? Over on Quora, an anonymous user answered: "I am graduating in the spring of 2012, and I was offered $100,000 in salary, a $50,000 signing bonus, $5,000 in relocation,...
2013 Hedge Fund Compensation Report
Just got an e-mail this morning from Hedge Fund Job Digest about this. Not sure how many people they survey for it, but I figure any information like this is always handy. They only provide highlights on the website (and I'm not going to shell out $400 bucks for the whole report), but here are some...
Random Questions on Debt Research
I heard that debt research is quite a bit easier to break into right now than Equity Research. But before I turn my ER internship hunt into an ER /debt research hunt, I was wondering if anyone here could help me answer some questions. 1) How hard is it to make the transition from debt research to ER...
Gorman to Bonus Whiners: STFU or GTFO
Bloomberg tracked down Morgan Stanley CEO James Gorman at Davos yesterday, and the conversation inevitably turned to the reduced comp at the bank. Gorman was unapologetic and said the $125,000 cash bonus cap and reduced all-in comp merely reflected the new realities of the market and that those who...
Money As Motivation?
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Something To Think About
I recently came across this video and until now I decided to share it with you guys. It has really made me think about the things I do, why I do them, whether or not I really should be doing these things that I am doing and to what extent to they matter to me and to the ones around me. Below is the...
Business Development Compensation?
I got a semi-offer from HR for a business development analyst role at a large financial services / tech firm in NYC . The HR contact basically asked me what compensation I am expecting in order to accept the role. I only said what my recent compensation at banking is and that I expect the offer to...
Wall Street Compensation Projections Are In, And It's Clear Where You Want To Work In 2012
It's been a difficult road for Wall Streeters since the financial crisis, as the industry conformed to new regulations and the end of trusted revenue streams. But it looks like things are finally stabilizing. That means we're getting a clearer picture of what the new Wall Street will look like —...
Compensation model ?
I'm wondering what is the compensation model used across consulting firms especially for senior or partner positions. Probably you get part of the revenue you directly bring in. Another part should be related to the amount of delivery services you directly operate or manage. Any insight on this? Do...
AM Compensation
Just wondering what sort of compensation someone at say VP level with CFA and 3 -5 years experience would be making at a mid sized Asset Management firm running US Equity portfolios. Mid sized AUM in the range of $10 - $30mm? What would base and bonus look like? Does it get significantly greater...
Where can I find a database of Wall Street compensation?
Our Company Database now has thousands of compensation data points organized by Company and position. In 2013 we will also be providing an extensive compensation report as part of the Company Database that will compile, slice and dice the data in as many ways as you can imagine. Feel free to search...
FREE Bed in Manhattan
My lease is up at the end of the month, and I need to get rid of my bed this weekend. Bought in Sept/Oct 2010 and moved away from NYC after a year and a half. Barely used (worked in banking, so averaged 4-5 hours per night of use). Pick-up only in SoHo. Again, FREE bed. Just need to get rid of it,...
Undergrad Analyst Compensation For Small Fund
I am an analyst at a small hedge fund (
In the end, do you make more than $100 per hour?
After browsing through some of the salary information on Wall Street Oasis, I noticed that many positions had an exorbitant number of hours listed. I work for a large Investment Bank in midtown and I work 7 hours per day. Now one might argue that I don't bring home the "big bucks", but after you...
Video Search Assist - Big 4 Partner Conference
Trying to find a video I saw a year or so ago, no not a porno. It was a footage from a accounting firm partner's conference where the speaker was giving a pep rally related to "not giving work away" or something along those lines. A vague reference I'll admit, probably the reason all my internet...
How is HF portfolio manager compensation structured?
Obviously, base plus bonus, but I am looking for the typical structure of pay outs on the bonus -- how is that determined? I am interviewing with a L/S equity fund right now for a PM / partner role. The founder of the firm told me on the phone last night that I am their leading candidate and wants...
who makes the most over the course of a lifetime: banker, lawyer, doctor?
I know there are a lot of variables at play, but this came up in a conversation between me and a couple friends, one of whom is going to med school to be a surgeon, and the other going to law school. Who will make the most money over the course of a lifetime? Consider the average investment banker:...
BCG says banks should keep cutting compensation/staff - (bloomberg)
http://www.bloomberg.com/news/2012-04-26/banks-li… Note how it says it is suppose to stay this way for years (as usually HD chick)
New Member - How to access compensation data on WSO
I am a freshman finance major in college and a new member to WSO . (I've been reading the site for a while now.) When I go to the WSO Company Database and click on the compensation info tab for any given bank, it requires a contribution of salary information, firm information, or interview...
leaving IB, next steps...
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....
Is my friend lying about his compensation?
One of my friends last year got a job with Morgan Stanley's private equity team in or near Philly. He didn't even have a BB internship but got into MS, and that's great for him, but all of the guys told me that he said he'd be making $150k. Now I understand that with a nice bonus this is possible,...
Salary and Bonus London IBD
Hi guys, Does anyone have some insight on the typical salary bonus progression for IBD analysts in London (BB / good boutique / good MM firms). Let's assume we are dealing with a bank that's been faring relatively well (hasn't hit by massive waves of restructuring and layoffs etc) The ballpark...
Weird job offer. Need advice
Hey guys. I badly need some advice. So I got an offer from a fund this week. I can't go into details, but the partner is super well-connected guy who managed to get a stake in some upcoming juicy ipo's. He just opened up a prop desk and plans to use that money to trade, with leverage of about 10:1....
How does compensation in China compare to the US?
Curious about pay and earnings potential on average or at least in the big financial centers (Shanghai/Hong Kong) compared to the US. It would be interesting to hear about all front office roles across IBD / PE / HF / AM / ER and MBB as well.
Equity vs. Credit funds?
How average, who usually makes more? Analyst at L/S credit or equity funds? Thoughts?
Hedging Your Bonus
I had to stop and think about this one for a few minutes. Eric Dash wrote this piece for Dealbook outlining how partners at Goldman Sachs (among other banks) have been hedging the non-cash portions of their bonuses since 2007. On the surface, it looks like an attempt to circumvent the "safeguards"...
Financial Advisory Compensation
I know the answer to this question can vary greatly, but does anyone have any insight as to what the starting salary/compensation would be at a small financial advisory firm (in the Washington, D.C. area). I'm referring to analyst type jobs for recent graduates.
Comp scales with AUM?
I've been looking into buyside research for a while now, and I've noticed that most reports of street-level pay are coming from the largest firms (eg Fido, BlackRock , T Rowe, etc). Does this mean that smaller firms (
Summer Analyst Salary
What would a SA make at a BB IB?
What the hell is "other guaranteed comp" on B-School employment reports?
Take these stats for example: http://www. hbs .edu/recruiting/ mba /data-and-statistics/employment-statistics.html For PE , 25% of grads reported a median of $121K "other guaranteed comp". Now check out the footnote below the table: "**Other guaranteed compensation includes only those offer...
PNC Compensation
Can someone give me some insight on PNC compensation, in particular Asset Management ? Id assume it is below street for base, signing and eoy, but by how much? I'm a graduating senior.
Hedge Funds versus Bank Trading - Bonuses versus Total Compensation
When trading at a bank is it standard to be paid a percentage of your book as total compensation or do you receive a percentage of your book as a bonus? I know at hedge funds your salary is treated as an expense and subtracted out of your bottom line, but do banks operate in the same fashion e.g. at...
New York Magazine: "The End of Wall Street As They Knew It"
From New York Magazine: http://nymag.com/news/features/wall-street-2012-2/ This is a long yet interesting (in some spots depressing) article on what appears to be the current climate of Wall St. "After surprisingly successful financial reform, public vilification, and politics that have turned...
Smart Kids Heading to Wall Street
And the Wall Street pay bashing continues with Bloomberg today... “If you look at the very brightest, there is definitely a trend of trying to get a job on Wall Street,” Traders' Smaller Bonuses Still Top Pay for Brain Surgeons, 4-Star Generals Another nugget from the article: "Any officer,...
Wall Street Over Compensation?
Out of curiosity I took a quick look at how much Net Revenue is generated by an individual employee across GS , MS, Google, and Apple. --GS net revenue per employee is about ~50% lower than google and ~40% lower than apple. --MS net revenue per employee is about ~30% lower than google and ~20% lower...
1st Year Comp for FO Asset Management?
Does anyone have a ballpark figure for 1st year compensation for an investment analyst position at a top-tier Asset Management group ? Trying to figure out what would be standard street comp. Thanks.
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