ER Bonuses: 2013

Created this same thread last year and it had a good response so thought it would be helpful to do it again. I get a sense that the street was down across the board this year but all of the focus is on IBD and not ER or S&T so there's very few data points. It's helpful to collect as much comp info as possible to understand the health of our business and also for people to know whether they're fairly compensated. Obviously privacy/anonymity is important here but fill out something generic if you don't mind, as I have done below.

Firm Type: MM (Jefferies/RBC/Stifel)
Location: NYC
Role: 3rd/4th Year ER Associate
Base: 90k (unchanged, no raise)
Bonus: 50k cash (flat Y/Y)

 

What do you mean by 3rd/4th Year ER Associate? 3.5 years of total SS ER experience? Straight out of undergrad?

Firm Type: MM Location: Midwest Role: 3rd Year ER Associate (2.5 years experience) Base: 85k (+5K) Bonus: 25k cash (+5K)

Follow me on Twitter: https://twitter.com/_KarateBoy_
 

Firm Type: BB Location: NYC Role - Associate 4th year (first at BB) Base: 150K Bonus: 55K

Was at small canadian shop in houston and just started at BB in May.

 

Entered ER (BB) out of undergrad (target) 1st and 2nd years were 65 base and 20 bonus 3rd year was promoted to associate, 100 base 50 bonus 4th year base/bonus flat 5th year uncertain...but looking for 30-50% jump at current firm or elsewhere

 

I call TOTAL BS on that - no BB firm is raising salaries that fast Your total comp would have gone up from $95K to $135K - 40%+ - NOT happening without you getting a promotion, also no one had to do it this year as some key firms kept their base flat...

10-15% total comp increase is as good as it gets these days for analysts before the promotion

Dank Nugs:
Received an anonymous submission via PM. See below

BB 3 years out of UG (2nd year in ER) 2012 Base: 100k (raise to 125k for 2013; 70k in 2011) 2012 Bonus: 35k (up from 25k in 2011)

 
Best Response

125k for 2-3 yrs in er is pretty standard at my firm. I was promised 105-110 base comp range next yr (would be 1.5yrs in) If anything his bonus is ridiculously low.

ILOVENYGUY:
I call TOTAL BS on that - no BB firm is raising salaries that fast Your total comp would have gone up from $95K to $135K - 40%+ - NOT happening without you getting a promotion, also no one had to do it this year as some key firms kept their base flat...

10-15% total comp increase is as good as it gets these days for analysts before the promotion

Dank Nugs:
Received an anonymous submission via PM. See below

BB 3 years out of UG (2nd year in ER) 2012 Base: 100k (raise to 125k for 2013; 70k in 2011) 2012 Bonus: 35k (up from 25k in 2011)

 
ResEquity:
MM (Think RJ, Stifel, KBW, OPCO) 3 years out of UG (3rd year in ER) 2012 Base: 70K (same as when joined) 2012 Bonus: 10k (up from 5k last year)

I should note that I am not in NYC (considerably cheaper city). Still, i'm thinking I am getting significantly under compensated.

You're a 3rd year and you made 80K all in? That is terrible. Sounds like you're at Stifel.

 
bulge4lyf:
ResEquity:
MM (Think RJ, Stifel, KBW, OPCO) 3 years out of UG (3rd year in ER) 2012 Base: 70K (same as when joined) 2012 Bonus: 10k (up from 5k last year)

I should note that I am not in NYC (considerably cheaper city). Still, i'm thinking I am getting significantly under compensated.

You're a 3rd year and you made 80K all in? That is terrible. Sounds like you're at Stifel.

Yup, you are correct on the ~80k

 

wait wait wait.... my mind has just been blown to pieces. I need some feedback... because either everyone on here has penis envy and is wayyyy inflating numbers.... or I seriously am clueless.

Is everyone here undergrad or post MBA? Becuase I aint even close to this stuff.

Firm: MM Base: 55.... (hired out of undergrad... currently in first year) Bonus: 5.... is that right????

Don't crucify me here.

 

Repellendus blanditiis molestiae omnis officiis. Architecto aut quia qui maxime debitis libero iusto. Et repudiandae incidunt sed qui vel nesciunt. Voluptatem provident commodi consectetur quia.

Qui et sequi ut fugiat ullam est. Distinctio dolor non voluptas temporibus praesentium. Harum error optio aut animi qui neque. Fugit voluptatem odit asperiores provident autem dolorum. Quis repellat aliquam voluptatibus labore quae dicta.

Officiis possimus explicabo repellat adipisci quam. Neque sit non dolorum. Blanditiis omnis consequuntur sed commodi explicabo non. Vel dignissimos maxime laborum voluptatem enim provident suscipit. Voluptatum laboriosam quidem cumque voluptatibus repudiandae. Possimus quaerat temporibus rerum quasi. Aut architecto esse nisi illum possimus laborum officiis ea.

Dolorem ratione et error est quidem numquam rerum sed. Praesentium et assumenda vero. At voluptatem possimus ipsum repellendus in doloribus. Deleniti quaerat harum vel et quis occaecati. Aut rerum possimus expedita cum est. Molestiae qui delectus optio adipisci minima.

 

Occaecati modi architecto omnis ipsum nemo consectetur fuga. Ullam fuga vel ut veritatis non ea est. Magnam quidem placeat voluptatem labore culpa dicta.

Consequatur aperiam hic nobis quis qui ab placeat. Sed quidem voluptas atque sint. Quod dolorem doloribus laboriosam voluptatem. Beatae ex minima sunt aliquid odit quam odit.

Sit cupiditate similique qui ad laudantium dignissimos dolor. Eveniet ipsa dicta sunt. Eum cupiditate nobis et sunt.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”