Those must be the top end of the range for analysts unless you’re a partner in a firm or own your own, IMHO. Based on a small sample size of people in the industry I’ve asked it’s pretty rare to make over $1 million unless you’re an absolute star.
This is the worst topic I’ve ever read.
OP is just trolling you all again, stop feeding the troll.
iheartiheartmath:
In my experience, it is much more plausible to have tons of “next door millionaires” walking around the finance world than it is to have a bunch of 6’5” dudes benching 500 squatting 750 with 2% body fat and 9” c0cks the way everyone is claiming on that bench press thread in Water Cooler. In my small firm there are definitely more millionaires than 6-footers, easily. Much less ones that are analysts by day and Mr. Olympia by night. Fact.
Lol!!! I am late to this gem of a thread… Having worked in ER at a BB, where do I begin…
- Associate Years: Y1 $150-170k/ Y2 $180-210k / Y3 $250-280k/ ; Analyst Years: Y1 $300-400k/ Y2 $400-600k/ Y3 $600-1mil. No effing way. These salaries may have existed pre-dot com and pre-spitzer, but this is so far in the rear-view mirror now and is not going to come back.
- Most ER analysts make 7 figures if you work for a BB. Fact. Absolutely not. The ones making 7 figures are mostly II ranked analysts and/or happen to have a very strong client presence (i.e. put on amazing conferences/bring in massive trade volumes/strong corporate access). A good chunk of their comp is also tied to firm equity, which can be clawed back should they jump ship along with a host of other restrictions.
For those wanting to get into sell-side ER, I offer a very strong word of caution. The industry is in secular decline and there isn’t much that’s going to change it; the reasons are varied but mainly include: 1) stricter regulations; 2) too many analysts; 3) declining trading volumes; 4) competition from different sources (e.g. specific industry expert advice, which frankly can be much better); 5) buyside continues to see ongoing conflicts of interest between stock ratings and IB (there is a firewall, but it’s still pretty you cannot just write a “sell” on a company that is bringing in $$$ for banking); 6) research quality is diminishing (perpetuated by declining pay and budgets at banks -> “why put in the effort”. Also most analyst “channel checks” are a joke). The list goes on… the internet is littered with consulting reports discussing this topic.
During my 5yrs in ER, I never once met someone who was happy about their comp. See the articles below and it tells you all you need to know.
- http://www.wsj.com/articles/wall-street-bracing-for-lower-bonuses-for-first-time-in-years-1447030800
- http://www.wsj.com/articles/new-rules-poised-to-reshape-analyst-research-sector-1423514292
- http://www.economist.com/news/finance-and-economics/21586605-old-model-stockmarket-research-changing-analyse
That said, I wouldn’t say it’s all bad. Basically, sell-side research will move to a more subscription based model (which it should) because then maybe analysts will actually be accountable for their stock picks (drove me nuts about the industry that an analyst can have a “buy” on a stock that plunges into the ground or vice-versa and get little flack for it). All you have to do is look at what Europe and more so the UK are doing. Of note, the UK recently made it so SS analysts can no longer take client $$$ directly for providing corporate access, a big hit to what has helped cover declining trading volume and seperation of banking revenues to fund research. The industry will continue to shrink and so comp will be less, but hopefully something better emerges that makes analysts more accountable.
So more seriously, what is the actual range right now?
Ok wow. So many replies. Well I can assure you I’m not trolling. Even if sell-side doesn’t make these numbers. Buyside definitely does. At least 2-5 times as much at each level.
Ok also. One of my friends graduated in 2014 with an engineering degree and works at Jefferies. He was able to get some pretty competitive offers. After 1.5 years working there he makes close to 200k. This is sell-side. Biotech/Pharma ER.
I haven’t seen his pay stubs, but the way he did it was he applied for IB jobs while he was in ER and got some callbacks. He used these offers to leverage his way up and increase his pay. All you have to do is play the game guys. I mean he’s 23-4 and making nearly 200k. The base went from 70 to 120k. In one year. So eat that.
yeah playerrr go get em…high 6 figures and low 7 figure salaries? pffff super super underpaid especially at buy side hedge funds. You make it to HF buy side not SELL SIDE you start pulling in over 10 million and even billion a year.
120k base? pfff come on playerrrr you walk into the interview and demand 300k base! The industry average for entry level.
You may indeed know these people that did this, you may. But I can assure you with the way you act on here, no one will like you and if you threaten to leave to increase pay, they will let you walk. Eventually that will bite you in the butt and you will look like you cant hold down a position.
Also you do realize that most people when talking to competitive smug kids like you who are all about cash & prestige most likely inflate the amount they make to impress you right? Like that happens so often its not even funny. All I am saying is stop being so concerned with the pay and do it if you are interested in it.
If you think buy side analysts make 2-5x the amounts you posted at each level I would say again you are probably looking at some of them. Not all, or average. There is going to be a pretty wide distribution of pay for analysts on the buy side that is strongly correlated to the funds & analysts performance.
what do the rest of your “friends” make
Good for your friend, but this is def an exceptional case, especially at 23-24. Biotech/Pharma has also been treated much better from a firm budget standpoint than most of the other sectors, a direct reflection of high deal volume. Jeff bonuses were not great this year, thanks to FI from what I understand.
curious about this as well
Believable. My bonus is several multiples of my salary, yet I am not even in the top 20% of earners in my own firm. I know this bc I still qualify for dependent care reimbursements as a non-“highly compensated” employee. That means that at least 20% of my firm is making bank on a yearly basis.
I know that if I go into ER, Ill probably make a great deal of money but will have to work 60 to 80 hours a week. So now Im looking at becoming a wholesaler for a BulgeBracket. I probably wont make more than 5mil, but at least it’s 9-5 cold calling and playing golf all day.
Ive created another thread with my estimated compensation ranges before I go through with my plans. Even though youre all ER folks, youre welcome to take a look at it.
Lol