Want to be notified when a new article is posted? Entere your email here.

Friday, June 08, 2007

What Do Entry-Level Investment Banking Jobs Pay?

Many of my readers (all three of them) are finance majors and at least somewhat interested in what the $$$ is like working on Wall street. Just how much can you make on Wall Street?

Luckily, a former classmate from grad school (and one of my three regular readers) just sent me this quick look (from DealBreaker.com) at the bonus side of the Wall Street Cheddar for Investment Banking analysts. These are median figures, by the way:



And this piece on WallStreetPrep.com gives the typical first year salary for analysts as being in the $55-70K range, with a signing bonus of about $10k. So, adding it all up. total first year compensation (not counting signing bonus) ends up around $145-$180K.

These are for analyst positions, which are the likely spot that an undergrad would start (the associates are usually MBAs).

This seems like a lot of money for a first job (and it is). But when you consider that the typical analyst regularly puts in 80-100 hours (or more) a week, it's like having two full time jobs (in fact, based on the emails I've gotten, 100+ hours isn't uncommon, and an 80 hour week would be considered a vacation by most bankers). That's too much like work for my tastes (which is why I'm an academic). But not surprisingly, thes jobs are highly sought after. If I was 22 again and wired that way, I'd' probably try to go that way too. But I'd end up burning out after a couple of years, even if I made it that far.

If anyone has similar figures for Venture Capital and Private Equity, let me know.

update: Here's another link to salaries and bonuses for traders (compliments of Jim Mahar at Financeprofessor.com)

15 comments:

Anonymous said...

I like what you guys tend to be up too. Such clever work and reporting!
Keep up the very good works guys I've included you guys to my blogroll.

my blog - workouts for vertical leap

Anonymous said...

You could certainly see your expertise in the work you write.

The arena hopes for more passionate writers like you who are
not afraid to mention how they believe. All the time follow your heart.



my homepage - jodohinternet.com

Anonymous said...

Hi! Would you mind if I share your blog with my twitter group?

There's a lot of folks that I think would really appreciate your content. Please let me know. Thank you

Feel free to visit my weblog workouts to improve vertical leap

Anonymous said...

I used to be recommended this web site by means of my cousin.
I'm not positive whether this submit is written through him as nobody else recognize such precise about my trouble. You're
wonderful! Thanks!

Also visit my page: bmr calculator to lose weight

Anonymous said...

Howdy! I know this is kinda off topic however , I'd figured I'd ask.
Would you be interested in exchanging links or maybe guest authoring a blog post or vice-versa?
My site goes over a lot of the same subjects as yours and I feel we could greatly benefit from each
other. If you happen to be interested feel free to send me an email.

I look forward to hearing from you! Excellent blog by the way!



my blog :: waist to hip ratio chart

Anonymous said...

Hi, its pleasant paragraph on the topic of media print, we all be aware of media is a enormous
source of information.

Also visit my web-site; Workouts to increase vertical leap

Anonymous said...

Pretty! This has been an extremely wonderful article.
Many thanks for providing this information.

Here is my webpage ... workouts for vertical jump

Anonymous said...

My partner and I absolutely love your blog and find many of
your post's to be exactly I'm looking for. can
you offer guest writers to write content in your
case? I wouldn't mind producing a post or elaborating on a few of the subjects you write regarding here. Again, awesome weblog!

Feel free to surf to my web blog :: online masters in business

Anonymous said...

I really like reading through an article that can make men and women think.

Also, thanks for allowing me to comment!

My blog; exercises to improve vertical jump

Anonymous said...

Great article.

My site: Www.Mrsound.Co.Za

Anonymous said...

hey there and thank you for your info – I have definitely picked up something new from right here.

I did however expertise some technical issues using this web site, as I experienced to reload
the site a lot of times previous to I could get it to load properly.
I had been wondering if your web hosting is OK? Not
that I am complaining, but sluggish loading instances times will very
frequently affect your placement in google and
can damage your quality score if advertising and marketing with Adwords.
Anyway I am adding this RSS to my e-mail and could look out for much more
of your respective exciting content. Ensure that you update this again very
soon.

Also visit my web page :: more info

Anonymous said...

I loved as much as you will receive carried out right here.

The sketch is attractive, your authored subject matter stylish.
nonetheless, you command get got an impatience over that you wish
be delivering the following. unwell unquestionably come further formerly again since exactly
the same nearly very often inside case you shield this hike.


Look at my web page: Click here

Anonymous said...

Greate post. Keep writing such kind of information on your
site. Im really impressed by your site.
Hey there, You have done an excellent job. I'll definitely digg it and in my opinion recommend to my friends. I'm confident they'll be benefited from this web site.

Here is my weblog: More information

Anonymous said...

What's up every one, here every one is sharing such familiarity, so it's pleasant to read this blog, and I used to go to see this
web site all the time.

Also visit my web page - visit Us

Anonymous said...

Hi there friends, its impressive piece of writing on the
topic of cultureand completely explained, keep it up all the time.


my blog post love quotes for boys