<p>good point fastmed, I m wondering that too</p>
<p>One generally becomes an associate by joining an investment bank after graduating with an MBA. A very few select analysts will be promoted up to the associate ranks without having gone to business school, but the vast majority of associates will have their MBAs. </p>
<p>Only a small percentage of associates will be promoted to VP. The factors typically include the success and likeability of the particular associate being considered for promotion, the success of the group in which the associate works, the success of the investment bank in any given year and the economy as a whole. A lot of associates who many would consider to be deserving of the promotion will be passed over in any given year. Promotion is not a given, nor is it something that an associate can count on.</p>
<p>whats the proportion of analyst vs. associates in a Ibank? like 2/1?</p>
<p>
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crap on analysts
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</p>
<p>I meant crap on associates.</p>
<p>Those "guesstimates" were taken from a messageboard full of i-bankers.</p>
<p>you have much to learn nabhan.....people who report their incomes are first of all, more likely to have higher salaries. second of all, people are people...they lie.</p>
<p>True, but the first two links you posted are six years old.</p>
<p>This is the 2006 offer for first year analyst in bulge bracket firms.</p>
<p>Base salary: $60,000
Signing Bonus: $10,000
Bonus: Unknown till the end of the year. Varies with firm and individual and group performance. </p>
<p>How do I know? My son worked at IB for 2 years....now in PE firm. Graduated from undergrad Wharton in 2004. His base for 2004 was $50,000 with $10,000 signing bonus.</p>
<p>Are most analysts men?</p>
<p>Which firms would fit the first bulge bracket category?</p>
<p>Goldman Sachs, Morgan Stanley, JP Morgan, Merrill Lynch, Lehman Brothers, UBS, CSFB, Citi, and DB are usually the top banks in terms of M&A league tables</p>
<p>how many of you actually think about having a good family life? Just wondering becuase i would love to dream of a career in investment banking, but family will be more important in my life. I rather see my future son or daughters soccer game than staying late at the office.</p>
<p>thats why most do ibanking right out of college - no attachments.</p>
<p>but how about those associates, they cant do it right out of college and the working hour is long too</p>
<p>futurenyustudent's numbers sound pretty accurate to me. This year, most offers that those firms made to 1st-year analysts were in the range of $65k salary, and last year's 1st-year analyst bonus ranges were (typically) 60-80k. A friend of mine at Goldman was annoyed he only got 70k, and worried that it meant he wouldn't make associate after 2 years.</p>
<p>In a down year, I bet those bonuses wouldn't be nearly as good, but the fact remains the pay can be absurd once you factor in bonuses.</p>
<p>Sincerely,
Management Consultant</p>
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A friend of mine at Goldman was annoyed he only got 70k, and worried that it meant he wouldn't make associate after 2 years.
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</p>
<p>Your friend is right. He would never make associate after 2 years. Those who are invited to stay after 2 years are called 3rd year analysts. I also think that your friend did a bit of "padding" about his numbers.</p>
<p>last year's bonuses were widely reported. I'm sure some WSJ searches can validate those numbers. I have about 7 friends in i-banking and between them they have dozens of friends in the industry, and 60k+ bonuses were almost universally spoken about. Maybe I'm psychotic I suppose, but hey, this is just a message board. I don't claim to make that much, anyway.</p>
<p>Which firm are you in that gives you such skepticism?</p>
<p>My analyst class was ~ 85% male. Don't know by how much this may have changed in more recent years.</p>
<p>BOA offered Harvard grads 150k guaranteed with a bonus up to 75k (they are trying really hard to recruit new talent)</p>
<p>My bros friend went with Deutsche Bank instead. 135k guaranteed with a bonus up to 70k. They also get a 3 month all expenses paid training session in London this summer and, afterwards, a week of paid vacation in Europe (their stipend is around 3,000 dollars).</p>
<p>Harvard MBA (associate), or Harvard undergrad (analyst)?</p>