Investment Banker Starting Salary (Wha?)
By BankersBall on Oct 21, 2008 in Interviewing, Salaries
Someone out there (an undergrad) actually got a job at a bank.
As much as the rest of America would like to believe there are no bankers left, there are. And some HR person, somewhere, is even doing the unthinkable - hiring.
One offer for an analyst that we’ve heard: Barclays: $68,200 base. Location unknown.
As it’s the start of recruiting season for many, for those of you who get offers, please share your salaries below.
On Oct 21, 2008, Anonymous said:
$60
On Oct 21, 2008, CN said:
JPM IB — I’m a senior in college and I was offered $60k base w/ $10k signing bonus. I accepted.
On Oct 21, 2008, Anonymous said:
70K + 8 signing HLHZ
On Oct 21, 2008, Anonymous said:
HLHZ 70 + 8 signing
On Oct 21, 2008, anonymous said:
HLHZ 70 + 8 signing
On Oct 21, 2008, GS said:
$60k at other banks, but $70k for GS first-years
On Oct 21, 2008, Anon said:
what is everyone’s expected bonus?
Just got a middle market offer, 50k base + 2.5k signing + target 20k bonus
On Oct 21, 2008, II year baller said:
Lehman last year was 74k. Does that mean salaries are dropping or did Lehman pay higher than par?
On Oct 22, 2008, Global in TO said:
new hires at global banks’ sat offices - 80-90K
On Oct 22, 2008, hillz said:
Banc of America Securities - $60K, 10K signing.
- Analyst starting next summer
On Oct 22, 2008, Happening said:
$60k & 15 bonus in S&T
On Oct 22, 2008, Anon said:
GS IBD - 70k + 10 bonus
On Oct 22, 2008, Citi said:
$60 + $10 relocation
On Oct 22, 2008, safe heaven said:
jp mega-bank
70k
On Oct 22, 2008, look east said:
icbc
$80,000
On Oct 23, 2008, Anonymous said:
Calyon 90 + 7
On Oct 23, 2008, Anon said:
Interesting, when some of you say bonus, its signing bonus right? 70 plus 8 or 10 is high. HLHZ i am sure is still giving that high since they are immune to a majority of the debt that Bulge brackets have on their balance sheets….but still, 70 plus 10 seems high..I was thinking more along the lines of 60 plus 10….interesting, any more perspectives?
On Oct 23, 2008, Anon said:
Could the number 70 be high because banks would rather give that extra money up front rather than give huge bonuses later on in the year? 70 + 8 + 40 bonus = 118 vs 60 + 5 + 53 = 118. 13 k decrease in bonuses but the banker still gets paid overall the same amount.
On Oct 23, 2008, yoyo said:
Lazard: 60 + 10
On Oct 24, 2008, TomC said:
Lincoln International- 60+10
On Oct 24, 2008, Anonymous said:
first year is static: IBD anywhere is 60-70 plus 5-10 for relocation/signing bonus
Some banks give 65 + 5, others do 60 + 10, maybe GS does 70 + 5 but they are all in the same ballpark… the reason:
No one wants to be known as the “cheap bank” when recruiting on campus
On Oct 25, 2008, Anonymous said:
barclays IBD - 60K + 15k
On Oct 25, 2008, anon said:
Barclays IB (NY) - 60k + 15k signing
On Oct 25, 2008, guest said:
barcap dcm 60 + 15
On Oct 26, 2008, Take-san said:
Nomura Tokyo - JPY 3.6 million (US$38,000)
Job for life!
On Oct 26, 2008, Anonymous said:
barcap S&T 60 + 15
On Oct 27, 2008, Anonymous said:
Piper Jaffray IB NYC 60 + 10
On Oct 28, 2008, Cecil said:
In the meanwhile, my retiree health insurance just got cancelled. Guess who is unhappy at the moment?
On Oct 28, 2008, rocknrolla said:
any data on pay for analyst @ citibank?
On Oct 29, 2008, crunkite said:
70k + 10 gs s&t
On Oct 29, 2008, Greenhill said:
70 + 10k cash + 10k stock
On Oct 29, 2008, Anony said:
65K + 5k signing
On Nov 4, 2008, unon said:
95k for associate with 50k bonus
On Nov 4, 2008, Consultant said:
95K + 20 target bonus…and I get my weekends. banking bitches.
On Nov 4, 2008, Happy to be employed... said:
But you have to put it in perspective ‘Consultant’…I thought my job could be unfulfilling at times although it always makes me feel better when we’re looking through company documents during dd or similar and we read the bulls$@*& that consultants have put together…Now that IS something I wouldn’t waste my weekend on!
On Nov 22, 2008, Morgan Stanley said:
70k base + 10k relo
On Nov 23, 2008, Anonymous said:
I am still recruting. Going forward it would be helpful if everyone could post the info in a standard format like.
Firm
Role
City
Base
Sign-On Bonus
Target Bonus
On Nov 25, 2008, anon said:
Firm: insurance company or mutual fund
Role: assistant coffee retriever
City: who cares
Base: free coffee
Sign-on Bonus: not living in a van down by the river
Target Bonus: gold status at starbucks
On Dec 1, 2008, Anon said:
Boutique Bank in NYC: $60k salary + $10k relocation
On Dec 2, 2008, Boutique said:
Boutique firm, NYC, starting as associate (will finish MBA in May 09)
$95k salary, $40k sign-on bonus, no relo
On Dec 6, 2008, Anonymous said:
140K + 360K bonus
On Dec 7, 2008, Anonymous said:
RBC 60 + 5 . Wow we got jibbed compared to others
On Dec 8, 2008, Wachovia said:
Warm glass of shut the hell up
On Dec 18, 2008, Word Up said:
Boutique Foreign Bank in Chi Town
70 base + 10 relocation
On Jan 14, 2009, Anonymous said:
barclays capital - 60k base + 15k bonus
On Jan 15, 2009, Big Oil said:
BP Trading
66K + bonus, 2500 signing bonus and full relocation
On Jan 15, 2009, Bill said:
Are these figures for Summer Analysts…or for permanent F/T analysts?
On Feb 1, 2009, Nobody said:
60k + 20k relocation Bonus… Barclays 09′ 1st year analyst… NY
On Feb 9, 2009, Big Oil said:
permanent F/T analysts
On Feb 10, 2009, Anonymous said:
BofA $60K + $10K sign on bonus
On Feb 14, 2009, generl Dentist in private practice said:
losing $$ practice de-valued to $0 student loan @6.5% in deferral status. Gone fishing for 2 years, but future earnings 2012 or 13 possible.
On Feb 18, 2009, Small Bank said:
I start an analyst position at a small bank, but have yet to get paperwork. What can I expect? Salary? Bonus? Signing Bonus?…Thanks for the help
On Feb 23, 2009, Ghost Banking said:
Citi Associate: $86K (thought that was an odd number myself… not complaining though) + a $5K signing bonus. No reolcation since I am from the city originally, but I bet with relo its a full 10K ? Can anyone confirm that?
Either way I am literally laughing all the way to the bank since it’ll take me a week of working at Citi to pay off my debt from Hunter College.
I guess being a City kid is worth something on the Street these days ?
On Feb 24, 2009, made_in_USA said:
Ghost Banking, you went to CUNY-Hunter College?
How did you manage to get into Citi?
On Feb 24, 2009, Obama! said:
made in USA - because most big banks recruit from NYC schools (NYU, Fordham, Columbia, St Johns, Hunter, etc), you spoiled elitist bitch.
Finance is dead! The new money is kicking people like your’s ass!
On Feb 24, 2009, Anonymous said:
LMAO!, I go to CUNY as well. I just wanted to ask him what his major was.
Ghost Banking, email me at YTUMAMA718 at gmail.com..want to ask you a couple of questions.
On Feb 24, 2009, made_in_USA said:
LMAO! I got to CUNY as well. I just wanted to ask what his major was…
On Feb 25, 2009, Anon said:
I work at a large bank, NOT one kid from my training class (which included IB, Capital Markets, and Research) was from Fordham, St. John’s, or CUNY.
A “city kid” getting a job at a large bank is the exception, not the norm.
On Feb 25, 2009, Small Bank said:
What to expect from a Small Bank:
Salary?
Signing Bonus?
Yearly Bonus?
Thanks for the help
On Apr 14, 2009, Lucky as Hell said:
Late offer — $60k plus 10k relo package. That’s BofA in Charlotte… ha ha
On Apr 28, 2009, Anonymous said:
C: 60K + 10K (first year anaylst) NYC, greenwich
On Apr 28, 2009, Anon said:
Boutique NYC - 60K, 10K sign-on bonus (1st year analyst)
On May 8, 2009, GGecko said:
JPM $140k + $20k signing.
On Dec 23, 2009, unknown said:
i got an offer a MS. and they are giving me 10k signing bonus. i hav signed the offer but does anyone know when do we expect to get the bonus by?