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I love how no one ever knows average salary for base at each level at HL
There was also this past year when HL cut the Financial Services base pay to variable but gave IB and Restructuring a “global getaway. ”
Mentor
38k
Per month.
Why is that K1 lol definitely have been noticing a ton of Dallas folks leave to HL
Hope you are not in dallas
Why is it
Happy to have anyone else from KPMG Dallas join us - there might be a reason everyone is leaving lol
Money talks but AM has its presence in Dallas now
Subject Expert
It’s a position for 6-10 YOE, so it’s tough to do apples to apples comparison to public accounting promo structure (you’d be promoted to SM during that time frame at a PA firm which would sig change your comp).
Plus, stock comp at HL and none at B4. Hard to really know
VP base at HL for TAS was $160k a few years ago. There is no set formula for bonus as I understand like A&M so I’d make sure to cover your bases and push for it in writing.
TS or IB?
TAS
Mentor
Which level is VP equivalent to in a B4 setting?
Director/Senior Manager
HL is an investment banking platform so even in the non banking groups (financial and valuation advisory, which transaction services is apart of) the compensation is structured like an investment bank. Most levels will have a set base comp (our c suite compensation is public information in SEC 14a filing and all of them have a base of $500k) and then will get the rest of their pay via bonus. For the senior bankers and MDs, their bonus may be a multiple of their base, for transaction advisory lower down the chain it will most likely be a fraction of your base. You should ask the MD who extended the offer to you how bonuses work in the specific group you received an offer in.
Any idea on base or bonus for VP level M&A tax?
Senior manager / Director
DM me and I can give you some details.
Base is likely like 200k