<p>good pay? on an hourly rate IB pay sucks ass at the analyst level, you should just get 2 fulltime jobs working 40hrs a week.</p>
<p>Yeah the pay really isn't that good if you do the math. I guess the rewards are more long-term</p>
<p>150 k is what it is, it doesnt matter how long you work</p>
<p>150k is more like 75-80k after taxes, so lets see.. about 50 weeks of 80 hours gives you 4000 hours, so $20 per hour. then you have to account for the really high cost of living in NYC...</p>
<p>anyway, i agree with 'sup' that the benefits are more long term... nobody really wants to be an IB analyst for the pay, they want to be IB analysts to become IB VPs, etc.</p>
<p>So? 150K is 80K after taxes, but 50K is 35K after taxes. You didn't prove anything. </p>
<p>But yes, people are in it so they can clear 7 figures by their 30s.</p>
<p>people pay higher tax rate for higher wage. so it may be reasonable to believe that "150K is 80K after taxes, but 50K is 35K after taxes."</p>
<p>And what is your point? Seriously, some of you people just say stuff that doesn't mean anything.</p>
<p>^ yeah seriously.</p>
<p>"anyway, i agree with 'sup' that the benefits are more long term... nobody really wants to be an IB analyst for the pay, they want to be IB analysts to become IB VPs, etc."</p>
<p>While it is good work experience that can help you transition to many suitable positions, IB VP isn't necessarily one of them. In my BB IB analyst class, 28% were promoted to third-year analyst and 12% were promoted to associate.</p>
<p>
[quote]
In my BB IB analyst class, 28% were promoted to third-year analyst and 12% were promoted to associate.
[/quote]
</p>
<p>What happened to the remaining 60%? What generally happens to analysts after their 2 year stint, besides going to business school? Is it true that after 2 years, many analysts decide IB isn't for them and decide to switch career paths?</p>
<p>Private equity, hedge funds, b-school</p>
<p>Actually it's the remaining 72% because the 12% that became associates is included in the 28% that became third year analysts. Very few go directly to business school directly after two years in IB. That model basically went away by the 1990s. Private Equity, Hedge Funds, Mutual funds, IB for other firms (typically much smaller ones), corporate finance roles in F500 companies or for companies that were clients while in IB, consulting, other less-related positions in other industries and other grad school disciplines were all paths people took.</p>
<p>How much does each position get at a typical I-bank firm?</p>
<p>Like for example </p>
<p>analyst - 150,000
Assosciate - ?</p>
<p>Varies wildly year to year, firm to firm, city to city, group to group.</p>
<p>And most of all, person to person.</p>
<p>I think even in a good year, the average first year analyst is not making $150K. I get the sense it's gotten up to somethink like:
1st year analyst: Base: 60K, Bonus: 30-45K
2nd year analyst: Base: 70K, Bonus: 45-70K
3rd year analyst: Base: 80K, Bonus: 60-120K
I won't date myself by saying what it was when I was an analyst.</p>
<p>1st year associate: Base: 110K, Bonus: 50K (which is only for 4 months)
First full year as associate: Base: 125K, Bonus: 100-175K
After that, the base moves up in step and the bonus becomes an increasingly higher percentage of one's total compensation and becomes much more varied from one person to the next.</p>
<p>Gellino you're wrong. Let me just say that for all you aspiring business-people, WallStreetOasis.com</a> | Finance Professionals and Discussion Forums is the single best resource out there (they also have a salary table for banking, consulting, pe, and s&t <a href="http://www.wallstreetoasis.com/compdb-2008%5B/url%5D">http://www.wallstreetoasis.com/compdb-2008</a> If it says access denied or whatever create an account. The forums there are unbeliveably helpful (I still love CC though!)</p>
<p>First of all, since you are a high school senior and I have been through the whole IB recruitment process, three years as an analyst, MBA and subsequent hedge fund position, I think I have a lot more experience of what I'm talking about. </p>
<p>From your link, for 2006 it looks like my base salary numbers were spot on and my bonus numbers were in range, although the site reports a little higher averages. However, self-reported figures are always going to have a tendency to be higher than actual (especially considering the type of person likely to be connected to that site); so I'm guessing my bonus amounts actually match up pretty closely as well. If anything, my associate level estimates were high according to that site, although there's probably a lot less data points for post-MBA positions on that site.</p>
<p>So about 250k by your 4th year? Damn I was hoping for better considering you're literally working twice as much as the average person (46 hrs compared to 90 hrs/week)</p>
<p>Gellino, you definitely are low on the bonus numbers for an average to good year. However, you may be right with them for this year, which has been not so good.</p>
<p>And sup, you're an idiot. 25 and making $250-300k is pretty damned good, especially considering that if you make VP (which can happen by 27-30), you'll be pulling in $500k+.</p>