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California1600 · 12-01-2004, 05:28 AM

Guys, I used to be an investment banking analyst at a bulge bracket firm. This was in 2000-2002.

First year salary - 55k
Signing bonus - 6k
Year end bonus- 25-30K (in 1999, some analysts had 40-50K bonus, it was a good IPO year)

So total about 85-90K total for a first year analyst coming out of college. Some smaller shops like Lazard give even bigger bonuses because of their emphasis on small teams and bulge bracket clients. I've heard of first years pulling off over 100K at some firms. 2nd year salary goes up 5-10K depending on the firm and deal pipeline. Not including bonus of course.

It is extremely difficult to land a IB job. The work is extremely strenuous, I've pulled several all nighters per month. You definitely earn your money. Doing something like managing a personal portfolio doesn't anything at all. Doing an summer internship at a buy side firm is much much more impressive.

12-01-2004, 05:28 AM	#15
California1600 Member Join Date: Nov 2004 Location: The entire state of CALIFORNIA Posts: 377	Guys, I used to be an investment banking analyst at a bulge bracket firm. This was in 2000-2002. First year salary - 55k Signing bonus - 6k Year end bonus- 25-30K (in 1999, some analysts had 40-50K bonus, it was a good IPO year) So total about 85-90K total for a first year analyst coming out of college. Some smaller shops like Lazard give even bigger bonuses because of their emphasis on small teams and bulge bracket clients. I've heard of first years pulling off over 100K at some firms. 2nd year salary goes up 5-10K depending on the firm and deal pipeline. Not including bonus of course. It is extremely difficult to land a IB job. The work is extremely strenuous, I've pulled several all nighters per month. You definitely earn your money. Doing something like managing a personal portfolio doesn't anything at all. Doing an summer internship at a buy side firm is much much more impressive.
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