<p>The Wharton wiki page cites that first year analysts may make up to $130,000 a year by addition of initial salary + signing bonus + earned bonus. </p>
<p>Wharton's career survey notes that finance concentration students, more specifically those that go into ibanking, earn on average $65,000. Does this salary figure take into account these bonuses or is this an actual average? If bonuses aren't accounted into Wharton's career services pdf, are all salaries significantly smaller than they actually are?</p>
<p>The thing to remember is that bankers are known to make a sizable portion of their annual earnings in year end incentive - bonus. Many firms have bonuses that are far smaller or set ahead of time and, as such, the total earnings will be much closer to the quoted salary than that of bankers who may make 60k base, but then receive a bonus of 40k, or 2-3 years ago, 80k.</p>
<p>No lurker, you clearly don’t have a mind capable of analytical thinking. My question was if Wharton reports sum salaries or initial salaries. Both responses noted what a base analyst salary is and the potential for growth in terms of bonuses, neither answered whether Wharton reported an average total, or initial salary.</p>
<p>The bonus is not included in that figure because it can vary greatly, depending on a variety of factors. Like a previous poster said, they can range from 10k to 60k and even more in good years. Use your head, man. The way they survey graduate classes is by taking a poll after the outgoing class has gotten job offers. The bonus comes at the end of the year. How would Wharton ensure that all of the initial respondents would respond to the additional “bonus”/“all in” survey at the end of the year? What if some of the initial respondents were laid off or no longer employed? And furthermore, starting base is a benchmark indicator among business schools. Starting base is also correlated with bonus size, especially for more jr bankers/traders. If Penn provides a bonus figure, then props to you, but go do your research first before you start listing your test scores and “credentials”. It makes you look like a dip**** and no bank wants one of those around. </p>
<p>I said $65K is the base salary for an IB analyst for 2009. Base is base, not including bonus.</p>
<p>I just took a peek at Wharton’s salary survey. Everything is clearly stated, base salaries, bonus , sign on bonus. What is it that you don’t understand?</p>
<p>If the average base salary in 2007 is around $60,000, then the reported range by industry should also a base.</p>
<p>Thanks for the answers. The confusion, to me at least, arose from the thought that Penn reports sum salaries as a range by contacting and polling students after they receive their bonus figures. If this were true, then the range would truly be massive and unpredictable.</p>