<p>whats the average first year salary for a botique bank. roughly.</p>
<p>Most are under street, maybe 50k-ish, some higher, some lower.</p>
<p>Depends on the boutique. If its one of the major ones (Lazard etc. ) expect salaries similar to those at the BB’s (~60k). If not its most likely a little lower (~50k-55k) though there are some that offer more.</p>
<p>Lazard is not a boutique!</p>
<p>Lazard is a boutique but certainly one of the better ones (like Evercore, Moelis, Greenhill, etc.) and has compensation similar to BB.</p>
<p>Tell Wasserstein that his bank is a boutique and you will get laughed out of Manhattan. Too big to be a boutique – everyone in finance knows this.</p>
<p>Some boutiques actually offer a higher base than the bulge brackets to attract high quality candidates (e.g. 70k). It really depends.</p>
<p>Macquarie pays above street.</p>
<p>dude depends on the bank </p>
<p>why don’t you just research the ones you’re interested in instead of asking terrible questions?</p>
<p>^ why are you still alive?</p>
<p>Do you not know anything at all? Do you expect every non-BB to pay a similar range? What is the point of an average if it tells you NOTHING about what you want to know? </p>
<p>I’m still alive because I don’t ask dumbass questions and make myself liable to do something stupid, like say: ask about the “average first year salary for a botique bank,” in “rough” terms, OR go play in busy intersections (which by the way, is also a dumb thing to do, just in case you wanted to know).</p>
<p>atleast that wasn’t a dumb question</p>
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<p>You are terrible.</p>
<p>If the boutique is an elite one (Evercore, Greenhill, Peter J Solomon,) starting pay can be $60-80k and with bonuses, year end comp can total $150k+.</p>
<p>By the way, all of the BBs just raised their starting salaries to $70k.</p>
<p>the other side of that is the 40k chop shop with pretty much no bonus. if he was interested in evercore, moelis, etc why wouldn’t he ask about elite boutiques? It’s totally useless to ask about an average when there’s so much variation that the average tells you nothing.</p>
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<p>What are you talking about? Chop shop? Oh, so you’ve seen Boiler Room…</p>
<p>Do you honesty think there are firms in New York paying $40k flat for analysts?</p>
<p>We’re not talking about HR, we’re not talking about ops, no back office, we’re talking about investment banking analysts. </p>
<p>You have no idea what you are talking about.</p>
<p>duke500 - he didnt say 40k flat. he said 40k with small bonus. yes, there are shops like this. are these investment banks terrible and totally unreputable? yes, but that was treebounders’ point.</p>
<p>if you’re going to tell someone “You have no idea what you are talking about,” it’s probably a good idea to not be posting false information yourself.</p>
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<p>What are you talking about? Please provide examples. By the way, a trading firm “chop shop” like the one in Boiler Room is not an investment bank. </p>
<p>I think you’ve been confused by what you’ve heard in the media (investment banks=bad) and by popular film (Boiler Room.)</p>
<p>I don’t think you have any idea what you are talking about.</p>
<p>From another thread:
</p>
<p>Lazard ranked #2 for overall European M&A last year. You’re wrong.</p>
<p>some consider lazard a boutique while some, including lazard themselves, do not. that debate is stupid and i won’t get into it.
[Boutiques</a> Win Fees With Old-Fashioned Allure - DealBook Blog - NYTimes.com](<a href=“http://dealbook.blogs.nytimes.com/2009/07/13/boutiques-win-fees-with-old-fashioned-allure/]Boutiques”>DealBook - The New York Times)</p>
<p>“chop shop” is a pretty common term in the industry referring to any unreputable shop. i’ve actually never even seen boiler room. regardless of the term’s origin, people do use the term in that context (i’ve heard it used by a bb md before).</p>
<p>i dont remember specific names and dont think this thread is worth my time to look up names, but i know one bank that paid 40k base 5-15k bonus last year, and several others around that range.</p>
<p><a href=“i’ve%20heard%20it%20used%20by%20a%20bb%20md%20before”>quote</a>
[/quote]
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<p>Impressive. Not really.</p>
<p>You can’t just throw out statistics and then back out when asked to back up your facts. “Terrible and totally unreputable” investment banks in New York City paying 50-55k total comp? Banks can’t pay people so little to work so many hours. </p>
<p>I’m curious if you’ve ever spent a summer at an investment bank. I have for the past three summers. </p>
<p>Edit: SEO, really?</p>
<p>wasnt meant to be impressive. meant as evidence supporting a statement.</p>
<p>dont care if you believe me or not. i know banks that pay that, and that fact is entirely meaningless to anything so i wont comment on it further</p>
<p>why are the ad homs even necessary? calling me out on seo when im at a top firm without getting in through seo or diversity recruiting? really? i applied because i actually believe in the program’s mission, and also for the great networking opportunities with people of similar backgrounds to myself (african american, not wealthy, etc.)</p>
<p>and again - the point of this argument is? this pointless digression came from the statement from Treebouders that “boutique banks” pay a wide range of salaries. how the hell can any halfway intelligent person dispute that statement?</p>
<p>edit: barring any further (pathetic) ad homs, im done in this thread</p>