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What do you think is total comp for IB right out of MBA at a near top firm?

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My friends that did it claimed they could make $300k in the first year. I think realistically it’s around $215k.

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Yep so your first half a year, Jul-Dec, you make 150k/2 for salary, and a stub bonus of ~40k which I think is standard.

Bulge Brackets aren’t looking to hire former consultants in their money roles. If you do manage to get it, your first year comp would be $220k, but it would likely be near-double the second year due to no more stub bonus. The hours aren’t much worse than strategy consulting, but you’d have to live in NYC, but perhaps could get away with Chicago or LA.

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Those free first class vacations to the Maldives for you and your SO have to count for something after-tax, right? 😀

I’ve heard top bucket associates can make 135% bonus on $150k at EBs, and 100% bonus at BBs in their first full year. Not sure this is accurate but may not be far from the truth. Pays to be a slave hardo in IB.

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Also makes a difference at a BB vs. EB

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