I just saw a job posting from Sidoti for an equity analyst position. Salary was listed as $60k plus bonus, and frankly I’m a little surprised it would be so low in NYC. Even though this is obviously a junior role, does that sound reasonable to you? Is anyone familiar with their pay structure, I’d have to guess bonus would be no less than 30% of base?
Sounds reasonable for Sidoti. Bonus of 30% sounds fine too; could be more if you’re a good performer or closer to zero if you stink.
I doubt that it’s the best compensation of all firms, but does not seem unusually low…
at 30%, wouldn’t $78k for someone with 0-2 yrs work experience (a junior role) at a boutique be considered pretty decent? I remember networking with a ranked analyst at a middle market saying he planned on hiring an entry level associate with 0-2 yrs experience and paying them 50k with little to no bonus. Granted that was not in NYC, but that is extremely shitty
It’s pretty decent. I worked on the sell-side when times were a lot better (i.e. pre-credit crunch) and remember at the time I couldn’t believe what I was getting paid based on how litlte I actually knew. But money was so free flowing back then, it just seemed sort of normal. At a middle-market shop back then, you could have $55-60K base coming out of school, $10K signing bonus, and a bonus of $20K (~33-40% of base) pretty reliably, so that was nothing to write home about. But today, it ends up being pretty nice coin for someone new to the Street. That is the world we live in today.
I think the pay suggested by the original author is fair (not great, but who am I to judge). On one hand, basically everyone at Sidoti gets to cover stocks early, so you get to start talking to buy-siders and having real coverage of your names pretty early. If you’re good at your job, you can probably move up quickly, get lots of visibility, earn some decent coin and hopefully jump to the buy-side or go to IR/BizDev within the industry you cover as soon as you can. On the other hand, being a coverage sell-side analyst can be very stressful especially if you have no idea what you’re doing (most people don’t when they start a new job). It is also why many people think Sidoti research is mediocre. You have people that have less than a year or two of experience launching coverage on names and trying to manage relationships with buy-siders, institutional salespeople and of course the companies you cover…that seems like a lot to handle and not a lot of financial (or emotional) upside unless you’re really good.
60k sounds right to me for Sidoti sell side research. 30% bonus is probably way over-board. You’ll probably get 5k-12k bonus
Sidoti is a tier 3 shop. Even Tier 1 shops aren’t paying close to 30% bonus
What are the usual compensations (base + bonus) for Tier 1, 2, 3, etc.? Just curious - obviously, I am not looking for jobs like this.