Sign In. Don't have an account? Register Now! Search Jobs. Graduate Guide. Follow MadameButcher. The banks paying junior bankers the most in Paris.
Banker pay survey suggests Goldman Sachs pays poorly below VP-level. Newsletter sign up Get the latest career advice and insight from eFinancialCareers straight to your inbox Sign up. Error: Enter a valid email address. Expertise: Investment Banking Private Equity.
Yes, it's true, monkeys love that hold card cash and silver bananas. These figures are an approximation based on the user submissions on Wall Street Oasis over 86, , as well as the thousands of discussions on compensation in the community archives. If you contribute to the WSO Company Database , you can get access to thousands of detailed compensation statistics across thousands of investment banks without paying a dime.
Yes, fellow primates, we love you too! Please note that the figures listed above are approximations and should be taken with a large banana peel. Investment banking compensation at various levels of seniority in this case pulled from the WSO Investment Banking Industry Report with over 80, submissions can vary widely firm by firm and year by year. This is especially the case for the volatile investment banker bonus. From analysts to managing directors, the pay is traditionally heavily weighted toward the bonus portion of the compensation, which is part of the reason for such long hours.
Obviously, these comp figures can vary significantly depending on the firm, division and region, so if you are looking for more detailed or firm-specific salary and bonus data, you should check out the WSO Company Database which has thousands of detailed submissions.
In our salary database, we have compiled a list of the banks that pay the best. Remember, these firms are all ranked based on thousands of Company Database submissions. Click below to access. WSO User Sil" nicely sums up how bonuses differ based on position in investment banking:. For post-MBA associates, all-in compensation varies a good deal with signing bonus, relocation bonus and stub bonus.
There's a lot more variability with private equity salaries because the pay structure is quite different from investment banking. One question that we get a lot is whether salaries in investment banking vary depending on where you work. The short is answer is no at the larger banks, however, salaries can vary geographically if we are referring to smaller middle-market or boutique IBs. Here's some notes from Gbanker", who goes into why the pay is similar geographically due to known exit opportunities being better in higher COL cities.
Namely, there are a ton of financial opportunities in the metro area. But if you're in, say, Charlotte, Atlanta, or Denver, then there's definitely a sizable drop and your prestige point holds true.
That said, there aren't too many HFs outside NY, relatively speaking, and moving across coasts can be challenging. And being at a NY IB wouldn't specifically help you with this and would probably hurt you compared to someone at a leading group already in the HF's location. Once you surround yourself with these people, your perception of wealth is guaranteed to change.
As you get older and more successful in finance, you realize that there is always someone making more than you. That is why people who are so focused on making a ton of money are never satisfied. They are always comparing themselves to their friends or bosses who make significantly more than they do. One of the biggest lessons I learned after progressing through my career is that there is nothing special about people who are very successful.
They are just normal people who find what they are good at, stay focused and work hard. I was very intimidated during my first year as an investment banking analyst. I was surrounded by people from Ivy League schools who were incredibly smart. I was made fun of for being the only public-school kid in my group.
Higher ups were making millions of dollars each year. Up until that point, I have never met someone who was that wealthy. After a few years, I realized that there was nothing special about these people. They became good at one thing, stayed focused and remained in the same career path for a long time. Even though everyone made it known that I was only public-school kid in my group, I began to realize my worth overtime.
I became a top-bucket analyst and moved on to the buyside at a multi-manager hedge fund , leaving all those bankers behind. Once you realize that you can do whatever you want to do in life, and you yourself are in control of your own destiny, the possibilities are endless. Try not to bash into the walls too much. Try to have a nice family life, have fun, save a little money.
Life can be much broader once you discover one simple fact: Everything around you that you call life was made up by people that were no smarter than you. There is nothing special about them.
When interviewers ask why you want to do banking, nobody ever says the real reason. People go into investment banking because it is the best way to jumpstart a finance career and make a lot of money. Better be straightforward. Show that you are eager to learn and want to work as hard as possible early on in your career. Your 20s are the time to put a lot of effort into your career. No kids, no wife, no real responsibilities.
Most people reading this blog are either in college or in their early 20s. It is one of the best paying finance jobs out there.
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