I know a lot of banks have been raising salaries the past few months. Curious which banks markets/S&T got a pay bump in addition to IB. Additionally wonder if anyone has heard anything about banks that have yet to do anything
29 Jul 2021
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
Hi everyone, Writing from a throwaway account. Thanks to everyone who supports the forum, the advice has been invaluable over the years. I was hoping for the VC community's (or for any other knowledgeable folk's here) help on a situation I'm in. The short of it: Opportunity with a new fund <$100M in AUM at the Analyst / Associate level (i.e., post-college, few-years of experience). Being one of the first few people onboard, I have the option to provide input on my compensation structure. Partners are open to traditional / untraditional ways of structuring it. Question(s): - What range should I
12 Nov 2021
I recently got a couple of offers to join a couple of MM/ UMM shops in London. Excited about the UMM especially until I heard the comp - 85 base and avg. 100% bonus. All in 170, which is good overall vs. my current role, but is (1) lower in terms of base vs. my current job (although bonus makes up for it) and (2) is just straight up lower than I expected (I genuinely thought it would be 95-100 base with the 100% on top...) Am I completely out of touch here, or is this pay low vs. the market? Like I know this is still a lot of money for someone to be earning in their 20s, but I thought the pay
11 Sep 2021
Hi, I recently applied to one of non-BB investment banks (think of RBC, Macquarie, Nomura) for an analyst program for lateraling. When I applied, I mistakenly put a low number in "minimum salary expectation" category. ( I thought this was really the minimum salary I was going to take) However, I just realized that there is a possibility that the employer might lowball my salary. So here is my question: Do you think it is possible that the employer will lowball my salary compared to other analysts? Given that there is standard salary among IB analysts, would it be possible for my employer to
07 Jul 2021
Hi guys, After working in architecture 5-6 yrs, putting together construction sets and zoning submittals, doing RFIs and construction admin, and studying a masters of real estate development part-time for 2 of those years, I finally pulled my first job offer in South Florida. It's for a small firm of maybe 10-20 people and I'd be basically doing project management on like, 2 small retail projects (<1000 sf) a month along the East Coast for a year or two while they grow their pipeline. These projects would basically be almost exclusively site work coordination, whether zoning, overseeing
30 Apr 2021
Hi All, I'm curious about what milestones you all are setting for yourselves regarding base salary compensation and any other benefits (cash bonus, stock options) provided for corporate finance jobs. I've been thinking $150K base salary by age 35 is reasonable and then $200K base salary by age 40. I know stock options would factor in somehow but that might vary by company. Thank You
25 Apr 2021
Hi all, I work at one of non-HK countries in Asia. Recently I interviewed one of PE firms at HK (HQ in US) for analyst position (AUM: +10bn). In the middle of process, they asked what my expected salary range, and I replied I am willing to take the market rate. But then, they asked me what my current salary level was, but they don't ask this type of question in Asia so often, so I was little off guard... I replied it was about 50-60k for base... After the interview, I realized that revealing salary range is not advisable... SO my first question is.. 1) By disclosing my current salary level
07 Jun 2021
What is a typical salary range and bonus for a Business Development/IR Associate at a hedge fund located in the Greenwich/Stamford area. Approx. $15bn AUM if that makes a difference. I have a final round interview and was told that comp will be discussed during one of the interviews. Just want to make sure I have a ballpark range in my head going into it (can't find any information on glassdoor or anywhere else)
21 Jul 2021
So I got an offer a week ago for equity research analyst at a bulge bracket. I have an offer at the ER firm I interned at the summer of 2021 and it's around 10k more. I like the BB more but I can't really afford to turn down more money especially since I have crushing student loans. Can I ask them to match that offer? Will they rescind their offer?
12 Nov 2021
for all the FT22's getting into the thick of offer letter season, let's give advice on starting salary/bonus figures. What should they be looking for? How low is too low, what looks like a great deal? Let's discuss! (ideally NYC / high COL figures).
21 Sep 2021
As a disclaimer, I go to a highly ranked school, so I'm sure there's some inherent selection bias here. Still though, one of my roommates who graduates this year and is doing Applied Math just told me he closed down a $275k offer from Google. $125k base, $400k stock/4 years, $50k signing bonus. Are these actually legit numbers? If so, wtf. I took exactly the same classes as this guy, did basically all the same math/statistics. Shit, I even mostly use Python because Excel is a pain in the ass. I thought my offer was really good, getting into a top tier IB division with a clean $120k plus
20 Jun 2019
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
Hey guys! Recently accepted offer to join Bain and was wondering what typical salary is at entry (matching BCG/considering recent pay bumps to take hold in October), and at age 30 & 35. I understand progression looks differently for every person, so an estimation works.
04 Sep 2021
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
We all know that Investment Banking is difficult to get into, and very time consuming once you are in it. You guys all work hard for your money and spend many hours of your day just trying to juggle in tasks without messing up. So how do you guys feel when there are: * Teenage Rappers making more money than you, without having a proper education and just using slang words over a beat with tons of bass, and charging $50k per show at a crappy night club. (Lil Pump.) * Athletes making tons of money (Kevin Durant, Lionel Messi, Lebron James, Odell Beckham Jr) while living the life with
21 Sep 2017
How did your salary progress/change throughout the course of your career? I think it will be interesting/helpful to see to show younger guys what's realistic. EX: Acquisitions (Dallas) Year 1: 60k + 10% bonus + $5k signing bonus Year 2: 67k + 20% bonus etc.
24 Sep 2018
Basically what's the lowest you'd take? By "good" I mean a salary that allows someone to pay their rent/mortgage and have money left over for things like entertainment or savings, one that allows them to not just work to live
23 Jun 2021
After looking at the official salary sharing thread on Reddit for CS majors, I am pondering whether or not to dive further into tech now. https://www.reddit.com/r/cscareerquestions/commen…
17 May 2020
What do you guys think? This would be very useful to many of us.
20 Feb 2015
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
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 fellow monkeys, Received an offer in CB (housed with IB) with a large European Bank - my base is on par with IB but obviously bonuses will be lower. Was curious to see if anyone has any insights into what bonuses are like for CB in NYC (Not BB). Thanks
28 Jan 2020
Just thought that with all the pay raises going on in the US we could provide more transparency into what's going on in Singapore. To my knowledge most banks have raised base but not sure of the amount.
30 Aug 2021
With the high cost of living in nyc and annoying taxes, it seems that most analysts after a 2 year stint end up with about 10k - 30k in savings. I'd imagine that associates and up would save much more assuming they don't spend beyond their means. I thought it would be interesting to get some data points from current 2nd year analysts/associates et al. on how much you are actually able to save from your ibanking years. P.S. for analysts who end up going to business school, would schools like HBS, Wharton offer financial aid since 15k in the bank is definitely not enough to cover 100k in tuition
22 Mar 2010
When I entered college, I was excited about doing Big 4 accounting, putting in my time, leaving to industry or opening up my own CPA practice and living nice on 100-150k a year with my eventual family. Fast forward to me discovering WSO: Gained great information and resources on anything and everything finance related, including great first hand experience from certain members, as well as FANTASTIC tips that really transformed my resume into an actual competitive one. However, I'm now finding myself never satisfied with my career that hasnt even started. I see people talking about 300-400k PE/ER/HF offers and know that I will likely never touch this, even if I get to my goal of entering corporate development.
29 Sep 2012
I am an incoming JP Morgan Trading SA in the Markets division (JPM's S&T). I'm new to the industry and wanted to know how the desk placement process works, what desks to try and be placed on (most lucrative, fun, etc.), and what I could expect for total takehome pay (base is currently $100,000). If anyone has some recommendations for desks to check out, I would really appreciate it. I have a semi-quantitative background (Comp Sci/Math majors) but don't want to be an all-out quant since I'm quite extroverted and enjoy working with people. Probably looking for something somewhat high flow with
11 Nov 2021
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
Hey all, I feel as though there's the chance I'm underpaid in comparison to my peers. Thus, I would appreciate WSO's feedback on the matter. To summarize at a high level: High(est) COL Region 7 years total experience 5 years total "finance" experience: 3 years BB middle office ops (past), 2 years FP&A (current) Base Salary: $83K Bonus Target: 10-12% Title: Analyst (this might be the driving issue, my company has a very weird hierarchy where they rarely if ever higher direct from undergrads so there are people in their late 20's with prestigious MBA's at Analyst and Senior Analyst level)
25 Sep 2017
I'm a senior at a top tier college looking for first year analyst roles in CRE. My internship was not in real estate, but I have the REFM levels 1 and 2 certifications. I have an offer at a medium sized family office in Orange County (real estate team is ~25-30 employees, probably $1-2b range) which does acquisitions and development of large office/industrial/mixed-used properties. The firm has explicit plans to grow aggressively in the coming years. There is no formal analyst program, so my offer was as-needed to round out one of the geographic groups. Hours at the firm are very low (half day
03 Oct 2018
Do you guys generally try and negotiate your salary? Or do you generally just take the offer if you want the job? I've been applying to a lot of jobs over the past 5 months (I've been unemployed over that whole time period) and I've had a lot more interviews lately, so I'm hoping to close in on something soon. If I do get an offer, I'll be kind of confused at the offer stage and would be tempted to just accept any salary (assuming it's not ridiculously low and assuming I like the job/company). However, I'm not really sure if this a good strategy, nor how I'm supposed to go about negotiating a
23 Feb 2011
Mod Note (Andy): Best of Eddie, this was originally posted in January 2011. When women get together with their friends and talk about the new guy in their life, one of the first questions that always comes up is, "What does he do?", which - let's face it - is code for, "How much does he make?". Your salary matters to women. Going all the way back to caveman days, women have always sought mates who could protect and provide. It's no different today. But in today's world of empowered females, why does your salary still matter so much? Professional women today earn as much and sometimes more than
03 Oct 2015
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 know there are a lot of posts about salaries and what people are making, but I'm wondering how much past summer analysts in NY have saved. If you have been a SA in NY earning standard compensation (60-70k prorated and 2k housing) in one of the past few summers how much did you go back to school with in the fall after paying taxes, housing, other expenses (meals, going out occasionally... when you finally get a night off, cabs, etc.)? I know that a lot of this is personal and depends on how you budget, that is why I'm just asking for responses from people who have done this recently so that
15 Dec 2009
Hey guys, I know there are the typical go-to ways of spending money once you jump into the upper-middle/lower 1% classes at a young age (assets, increased savings, loan payments, trips), but I was curious about how your buying changed in terms of things you like? For example, if you were a fan of a brand like Patagonia, Northface, Columbia, etc. did you buy more of it (possibly some of the more expensive items?)? Or, did you start buying Canada Goose, Moncler, Gucci, etc.? As another example, for eating out, did you eat out more in the places you really liked or did you start dropping $200+
26 Oct 2021
Hi Guys, I recently received an offer for a first-year associate position from a japanese IB, based in HK. I thought that all the IBs in HK offer housing allowances as their standard compensation packages. However, the HR at the company told me they do not offer housing allowances to their new employees any more, and that most of IBs in HK this year won't offer as well. The offer I received is global standard without a housing allowance. Everyone I talked to, who currently works in hong kong told me that I need to get a housing allowance and companies still offer housing allowances to them
02 Jan 2010
Recently saw the pay stub of a coworker due to a tax question and learned that he is making 20k more than me (85k vs 65k). This is for a boutique/MM firm in NYC. We both are two years out of UG and lateraled to this firm at the same time with equal experience. When I joined, I was told that 65k was the firm salary for someone with my experience and that it was non negotiable. Since the firm has frozen salaries since this time, I now know that to be a complete fallacy. Question is, what do I do? I could go to HR but I view them as fairly incompetent and it would ultimately go back to my manager
28 Jul 2011
So we all know the government considers you rich at 250k and we all know that depending on the demographic this may not hold true. So my question is how much of an yearly salary do YOU consider rich or wealthy? *Ill go first. I would say that if you make over 300k as a single person and 500k as a household then you are wealthy regardless of where you live. I believe this amount affords you the 2 luxury cars up to a million dollar nice home and being able to spend,invest,and save pretty freely. Agree or disagree? if you make over 200k a year are your Rich? While there is no official income
27 Mar 2011
Hey guys, I had a quick question for you. I received an email from a managing partner of a boutique asking me what my expected compensation would be as an analyst (I received this after interviewing with another partner). The firm is based in Chicago and was recently started. I would imagine - in this economy - that compensation for employees is a concern of theirs, at least for the time being. I was wondering how I should approach/respond to the email. I really do not want to give an exact figure in the email but I also want to stress cost of living, market rate, etc. I really would
09 Sep 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
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
As comp in IB continues to disappoint, I was wondering what industry paid as well as IB, and had the potential salary upside of IB for an associate / VP - any ideas? Does corporate pay as well? How much would a Business Development director earn at a Fortune 500 company? How about consulting? Pros/cons? Apply to Top Wall St. Jobs
20 Feb 2012
Let's try to keep a running list going as people go through full-time recruiting and even starting for internships next year. The following list is just from people I know personally. Feel free to expand in the comments. Confirmed pay jump: Goldman Credit Suisse Wells Fargo Morgan Stanley
21 Sep 2014
So I have an interview set up with a real estate company (development, construction, investment, management). I am wondering what salary range this job is in. The factors are: one hour outside of major city (think allentown pa, stamford ct type place) company is around 200 employees projects are non residential and range from office buildings to campus buildings to downtown renovations. revenue appears to be under 100MM I am one year out of MBA Any thoughts on what I should say when I get the inevitable salary question. thanks.
26 Nov 2014
For anyone who missed the latest GoBuyside compensation report, it looks like the numbers are in: $125k is the current standard in base pay for 1st year pre-MBA associates for the middle market on up. This makes sense given that 1st year IB associates now make $125 base w/ ~$225+ of all-in comp. However, unlike in banking where everything is standardized, there are plenty of exceptions in PE, both on the high end (Kelso, Apollo) and low end (KKR), for funds of any size. Now that most of the mega funds and upper MM funds have filled their 2018 classes, I figured it'd be helpful to get some data
04 Feb 2017
After over one year in the making, the 2013 WSO Compensation Report is here! Access to the FULL 108 page 2013 WSO Compensation Report is 100% free. This report contains thousands of data points across investment banking, private equity, hedge funds and management consulting. The report cuts the data numerous ways including division, city, AUM and company type and can help you know if you are getting paid enough. Or if you are an employer, this report will give you an idea of what range you should be paying your employees. Tutorial video: DOWNLOAD THE FREE PREVIEW HERE Here's how you get access
09 Jul 2013
Interesting article today saying that because a lot of base pays were increased after the crisis to quell criticism that the finance pay structure encourages risk, some banker's won't be getting bonuses. Any ideas on what sort of people this will affect? The article seems to say that some MD's whose base jumped from 200k to 400k (MS and CS did this), won't be getting a bonus. Does that make any sense? Can any of these banks really get away with paying an MD 400k? Or does this mostly apply to BO and MO as the article sort of implies. More philosophically, does this mark the beginning of the trend away from large incentive based compensation?
20 Dec 2010