<p>At any of the big banks, say Goldman, JP, Morgan Stanley, etc., what are the typical base salaries and bonuses for analysts, associates, VP's, and MD's? Say the economy is doing average.</p>
<p>average at a bulge bracket firm (street) is usually 70k with a 10k signing bonus for a 1st year analyst. add 10k jump for every year after as an analyst and 15k for every year as an associate</p>
<p>bonus varies by the group’s and your performance, but for first year analyst around 50k. as you go higher and higher up the hierarchy a number of factors come into play. vps can make anywhere from 200-600k a year</p>
<p>damn…$130k after my first year of college…</p>
<p>you also gotta remember that it’s not uncommon for you to work 80+ hours a week. So it’s not like you’re at a 9-5 earning 130k</p>
<p>haha the average GS/JPM analysts do not make 130 these days. Only at elite boutiques like Centerview, Blackstone, Evercore etc. It’s closer to 140-150 at these places</p>
<p>closer to 170k at centerview</p>
<p>Haha, these numbers are so off it’s not even funny. Your average SECOND YEAR analyst at MS made $130k.</p>
<p>And you think Centerview paid their FIRST YEARS 170k? Haha. One of my friends is going to Centerview for the summer, and I can assure you that first years make much less than 170.</p>
<p>What about middle market?</p>
<p>ask your friend who is GOING to CVP again, i have a bro AT CVP and i doubt hes inflating his numbers. 75 starting, 15 signing, 80 bonus</p>
<p>also, 50k bonus is top bucket for BB
MS had a bad year</p>
<p>The good middle market will pay same as street.
170k seems high for centerview though. I heard it was around 150k.
50k top bucket at BB is correct</p>
<p>75k base fyr analyst gsam</p>
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<p>Which year are you referring to?
Bonuses are not that high for the past 3 years.</p>
<p>The guy from Mergers and Inquisitions wrote an article about how your hourly pay at a bulge bracket isn’t much better than a McDonald’s employee working 40 hours a week. Actually, that site has multiple articles detailing how, when you really look at it, the pay is for first and second year analysts at BBs.</p>
<p>No one should work at these jobs just for the pay. If you really enjoy the work, to equate hourly pay is ridiculous. If you love working at an IB, it does not matter that the hourly rate equates to a McDonalds employee. </p>
<p>BTW, the math does in any way support this. If you earned $8.00/hr and worked 24 hrs. a day at McDonalds, that would be $1344/wk or $69,888/yr. Not even the starting salary of a first yr analyst in IB or S&T.</p>
<p>And earning $100,000-250,000 a year or three years out of college allows you to live a whole lot more comfortable on your off time than earning $16,000/yr at McDonalds. So please, stop the ridiculous comparisons.</p>
<p>dude, chill. I was citing an article I read, nowhere did I assert it as true. I want go into banking anyways, so you’re preaching to the choir. here’s the article in case you want to get unreasonably upset with the author:</p>
<p>[How</a> Much Do Investment Bankers Earn? Hourly Pay & Salary](<a href=“http://www.mergersandinquisitions.com/investment-banking-salaries-mcdonalds/]How”>http://www.mergersandinquisitions.com/investment-banking-salaries-mcdonalds/)</p>
<p>And you forgot to factor in multiple variables into your logic. First of all, the majority of the highest paying analyst positions are on the street, and NYC is the most expensive place to live in America, especially in Manhattan. Also, bankers are taxed at a much larger rate than McDonald’s employees.</p>
<p>No need to chill. I was just responding to your thread. </p>
<p>IB analysts work long hours. The hours are sometimes tedious and boring. So are many jobs . Especially entry level. But the pay in IB and S&T is so much better than most jobs. But do not do it for the pay. Really understand, enjoy and be challenged by the job. And understand that these jobs help make our capitalistic economy work regardless of the negative “Occupy…” stuff.</p>
<p>Base + Bonus Approx. 120k. Your salary doubles every 2-3 years.</p>
<p>Don’t forget most hourly employees after 8 hours, the overtime pay is time and a half. Perhaps after 60 hours and on weekends, it’s 2X base pay. After our progressive taxes, the gap narrows.</p>
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<p>This is not reality even for people who are allowed to stay. Most people are out of IB after 2-3years. Contract is for 2 years.</p>
<p>D’s IB roomates got jobs in PE. No problem. D1, in S&T was promoted to associate. No problem.</p>
<p>Haha, no problem except for the long hours and hard work put in. Yet to equate these jobs to McDonalds is hilarious, ridiculous and pathetic. </p>
<p>If you are concerned about your hourly rate, then by all means find a job paying a high hourly rate.</p>
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<p>Huh? In the past, you have stated your D lives alone in a 1BR near Central Park.</p>
<p>When did your D get a promotion? After 2 years, 3 years?</p>