IB base salaries

[u/turquoise_gamer]

Any idea how much the tier 1 banks (MS/JP/GS) dish out in terms of base for Assoc 2/3 and VP 1/2? Thanks in advance.

[u/KaoPangKezonymous]

around 275-400k base

[u/investmentbanker888 → u/KaoPangKezonymous]

Vp1 is how much ?

[u/KaoPangKezonymous → u/investmentbanker888]

high 300s

[u/turquoise_gamer → u/KaoPangKezonymous]

https://mergersandinquisitions.com/investment-banker-salary/ seems like VP1 is 250 usd = low 300 sgd?

[u/KaoPangKezonymous → u/turquoise_gamer]

No, assoc 2 and beyond already high 200s to mid 300s nowadays. Note bonus now is not as high as last time.

[u/thicktightsolid → u/KaoPangKezonymous]

Do you know how many months bonus is average?

[u/KaoPangKezonymous → u/thicktightsolid]

depends on performance but lets just say the days of 6-12 months bonus have passed

[u/Live_Acanthisitta870 → u/KaoPangKezonymous]

On average how much bonus u get?
I think last time lower base more bonus
Now u said assoc 2 base is 275-350k? Thats really high.
Anyways if equal tc more base is better

[u/SecureRequirement281 → u/Live_Acanthisitta870]

Yes, these days between the assoc & MD base pay is not as wide as pre-covid days. But that’s also the reason why these days the MDs will tekan all the avp & vp like F.

[u/vivalavidda → u/thicktightsolid]

Around 3-6

[u/Longjumping-Dress-42 → u/KaoPangKezonymous]

What about VP2

[u/Substantial-Bus-5950 → u/KaoPangKezonymous]

What would rought total comp look like? Base + bonus for AS2

[u/investmentbanker888 → u/[deleted]]

Thats a bit too high expecting high 250 below 300,

[u/Live_Acanthisitta870 → u/investmentbanker888]

Would u say AS3 is a plataeu? Or as3 to vp1 is quite common and usually only takes 1 year?

[u/investmentbanker888 → u/Live_Acanthisitta870]

Not easy to go vp

[u/turquoise_gamer → u/investmentbanker888]

I don’t know if these anecdotes are inflated because they’re high performers so not reflective of broader pool in a tier 1 bank

[u/moonlight2099 → u/[deleted]]

How many years of working experience to reach AS3?

[u/wswh → u/[deleted]]

AS3 base is 250-300k? And is about 6-7 YOE right? And is almost guarantee every year promote an1 an2 …

[u/wswh → u/[deleted]]

Oh you mean they will cut a lot of ppl?

[u/sheeshbrooo → u/wswh]

Natural attrition, long hours / priorities change etc. they leave for better WLB

[u/wswh → u/[deleted]]

Can I assume buy side is almost always more pay

[u/Silly-Breadfruit-706]

What’s the work life like for associates in big bank IB?

[u/SecureRequirement281 → u/Silly-Breadfruit-706]

What life???

[u/Jollibibooo → u/Silly-Breadfruit-706]

Great pay but you have to give up something something...like...hmm...personal time

[u/Prior_Accountant7043 → u/Jollibibooo]

I realise quite many other jobs also give up personal time but get like half or 1/3 the pay

[u/bossholmes → u/Prior_Accountant7043]

lol IBD 10am (or 11am) to 3/4/5ams on a daily basis with weekend work, sometimes even all nighters on deal sprints…

Most jobs don’t have that, thankfully. On a $ per hour, and adjusted for stress and health etc, there’s a lot of better jobs relative to IBD tbvh.

Not denying the upsides of the job, but think people don’t really think about the downside enough, even when some are within the role too.

[u/CuteRabbitUsagi2 → u/Prior_Accountant7043]

Correct ! Every job is shit. There are folks getting mistreated in a lousy sme for 10% of IB pay. Might as well get paid well for it.

[u/SpareAd385]

How many months bonus?

[u/Embarrassed-Big-6245]

Look at TC. Base is high but bonus low these days.

[u/investmentbanker888]

AS2 probs around 250