Compensation Progression in Equity Research? How much can I expect to make as a junior analyst/associate/vp?

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Analyst: $90k-140k (I think)
Associate: $150k-$250k
VP (still junior): $200-$300 (maybe $350k in a very good year)
Director (senior analyst): $350-750k
MD: $750k to maybe $3ish million (very few making $3mn these days - like a handful in the industry )

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Titles in ER start at Associate and then move up to Analyst. It’s reversed...

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The job titles are reverse but at the bulge bracket firms, everyone goes through the same hierarchy from analyst to MD whether they are in sales, research, or banking

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Yeah. Your numbers look way high

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Can attest to BAML1

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No shot ^ these numbers are way off. You’re more likely making $600k as MD with very few exceptions. No analysts are making $140k besides Evercore ISI. Think like $115k. Overall these numbers are ridiculously high.

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Pretty sure these are pretty accurate at the bulge brackets. I know MDs at small firms who top out at $500k but I don’t know any MD analysts at the big firms that are making that little (trust me I know the MD pay scales) In fact, most directors will top that. As for the the ranges on the juniors, I admit I might be wrong on the ranges but the point was to have the top to be your company right before promotion. Certainly first year analysts aren’t making $140k.

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As a 2nd year analyst at GS made $130K. I’d say $140K for 3rd year is reasonable (this includes bonus)

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This comp is ridiculously low compared to M&A

Don’t believe that comp for a second @GS1. Your bankers would be almost on par with your comp, and (sorry) GS research is pretty bad reputation-wise. You have also lose massive amounts of trading volume over the best few years, which research is essentially a cost center for. That’s undoubtedly inflated.

JPM and EVC pay highest and my roommate (at one of the two) makes ~$120k all in as a second year..

Why wouldn’t it be low? It’s a cost center

Anyone know IBD pay for same levels?

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