IB analyst 2 and got kinda shafted this year for compensation. I regret giving up decent hours for slight incremental increases but a lot more hours…

Year 1 Big 4 audit - 62k (50-70 hrs)
Year 2 Big 4 advisory 119k (45-65 hrs)
Year 3 Mid market banking 145k (65-90 hrs)
Year 4 mid market banking 180k (65-90 hrs)

The jump in hours was simply not worth the incremental increase in hours from banking…in the late stages of getting a new role that is about 40 hours making 155k TC

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Posting as :
works at
You are currently posting as works at

But isn’t it a long term move? Like if you put in more years and become an Associate and then VP, the comp is significantly higher?

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Why not exit to PE?

PE WLB is almost as bad as IB...

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Were you M&A at big 4?
And what city are you doing MMIB/bank or boutique?

If you’re 2 years of MMIB, you have more than enough experience to leave for PE or buyside.

Unless you’re M&A at Big 4 outside of the US, MMIB will land you a way better on the other side.

Plus you’re young, grind while you can to establish yourself and learn as much as possible. 65-90 hours a week isn’t bad.

Also in terms of comp, you’re likely an Analyst at the MMIB because your 1 year of audit doesn’t count, your 1 year of advisory got you in the door but still doesn’t count too much.

In terms of comp: $180K for MMIB, working 65-90 hours, isn’t bad. Compared to guys making 200-250 at BB/EBs but working 80-100 hours a week regularly.

Have some self-respect! Anything over 40 is foolish.

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