S&T Bonus/Comp Thread 2023
I feel we should start keeping tabs on the Sales & Trading comp numbers as much as we can given the current environment. I understand there are less of us than IBD, but that's the whole point of this post. We need data. Sounds like it's rough out there for IBD but seems to be some demand in S&T for solid help. Is comp rising? Are desks increasing headcount even though software has been reducing the need for countless analysts? What's the temp out there for y'all?
Please share any comp info - quarterly bonus, annual bonus, all in projected comp, whatever you want... I know comp structures can vary wildly here
Geog: Not NYC
S&T: Trading
Eq/FI/Comm: FI
YoE: not yet 2yrs
Comp: should be around 185k-200k all-in, work 50hrs a week no weekends
Bump
Bump. Can provide in 2 months once my numbers come in
Bump
Would love to get some data points for london
Bump
bump
For bonus round in Feb just gone
London
FI
base 70
Bonus 30
Just rolled off Grad program
is this BB? seems low.
Bump. Interested in pursuing S&T post grad, hence the question "headcount increase/decrease on desks due to software availability" is definitely something I would like to know as well.
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Thanks for the response, appreciate it. If I interpret correctly, the whole point is S&T will never die, and can be one of the best career paths in finance if you're into the markets and you succeed, right?
If you like being in the 1% and working 40 hrs a week yes. If you like being in the 1% and working 100 hrs a week no.
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I know a bunch from earlier this year.
An0: 10k
An1: 20-50k
An2: 50-100k
As1: 0-200k
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bump
Geo: NYC
Firm: GS - S&T Equities - Sales Trading
Hrs: 50-55 hrs/week
Year: An0
Base: 110k
Signing bonus: 10k
Bonus: idk
I don't see desks reducing headcount due to software abilities increasing anytime soon, maybe in like 5-10 years. I see ChatGBP-like resources making analysts lives 3x easier once GS rolls out their own regulated version, maybe in like 1-2 years.
I don't think this is much help given the fact that I literally just started a couple weeks ago and everyone knows BB's base salaries but I'm here for the transparency wave anyway.
This isn't mine but what my buddy told me about last year:
Geo: NYC
Firm: Scotiabank - Research
Hrs: 50-55 per week
Year: An1
Base: 115k
Bonus: 15k
Signing bonus: 10k
Geo: NYC
Firm: RBC - FICC Sales
Hrs: 55/week
Year: An0
Base: 100k
Signing Bonus: 10k
Do you know if the hiring freeze has been lifted?
thank you so much for sharing the information as i am looking for it. many thanks to you
Probably underpaid on my side:
Geo: Midwest
S&T: Sales Trader - FI
Hrs: 50-55
Year: An2
Base: 65k
Bonus: Nothing yet
bonus
Geo: NYC
S&T: FI Trading - Regional Bank
YoE: 1.5yrs An1
Comp:
Base - 80
Bonus - 20
Expecting EoY:
90 base, 65 bonus
Bump
Are there particular desks that have bigger bonuses and less automation risk?
Thanks!
Securitization won't be easy to automate, it take sometimes weeks to sell an equity tranche of an obscure illiquid CLO
Bump
Bump - How has everyone's year been?
any colour on associates?
2.5YOE in FICC
80 base
100 bonus
non-nyc
What bank is 80k?
Top BB, ASO promoted to VP this year
Old base 200
New base 225
Bonus 100K of which 25K is equity
Don’t know what to think
Deleted
normally don’t post anon but not interested in being identified.
Geog: Chicago
S&T: Trading
Eq/FI/Comm: FI
YoE: 3 (1.5 in current role, recent aso promo, base will increase with that)
Comp: total comp 270k (120k base / 150k bonus)
WLB: work 40/50 hrs a week no weekends, plenty of vacation as well.
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