Starting salary for Fin. Analyst at mid-size IBK firm

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crablegs

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Hi guys/gals,

What would you ask for an entry level position as financial analyst at a top mid-size IBK firm (let's say like Houlihan Lokey). Job is in West Coast.

What do you expect 5 yrs down the line?

Constructive comments are welcome.
 
Depends on the group you are joining of your West Coast bank (let's say like Houlihan Lokey).
 
Okay, but just a range so I have an idea on what to ask.......
 
Whatever it is, it's not enough for these titans of capitalism, greasing the wheels of the world's economy with the blood of the proletariat.
 
crablegs, you don't have much leeway to negotiate because salaries for first-year analyst and associates are pretty standardized at firms like HLHZ and others of a similar ilk. in fact, you don't have much leverage to negotiate unless you have another offer from a competing MM firm or BB
 
OK, I believe the going rate for a 1st year analyst is between $55K-$65K, 2nd years are around $70K, 3rd years around $80K, plus year end bonus that can range between 50% to 125% of base depending on you performance, location and market.
 
Most larger mid size funds have their bonuses at 100%+ but I doubt this is sustainable, I just hope I get my fair share before it slows down

The base numbers above are fairly accurate, depending on your "class" your base pay will likely change but your bonus will be based on what level you are (e.g. second year analyst)

A1: 50-60K base, with bonus of 60-80K
A2: 60-70K base, with bonus of 90-110K
A3: 70-80K base, with bonus of 115-130K

These numbers are confirmed. From a friend at Piper they apparently paid 70, 100 and 120 for A1, A2 and A3 respectively.
 
"A1: 50-60K base, with bonus of 60-80K
A2: 60-70K base, with bonus of 90-110K
A3: 70-80K base, with bonus of 115-130K "

I have also heard these bonus figures from colleagues working at MM banks (there is more of a spread at BB banks). However, the lower limit of the base range should be about $5K higher for each group and graduating seniors (incoming analyst class) this year.



Edited 1 time(s). Last edit at Wednesday, September 27, 2006 at 02:38PM by numi.
 
True but the entire range is about 50-60 (maybe higher now)....I know when I started it was 55, 65, 75 now MM is 60, 70, 80 and I think high paying BB pay 65, 75,85....it really depends on your class to determine what your base will be....

Also for ref the MM I am at paid 120 for the third years
 
Since IBK question seems to have been answered, I was wondering if someone could offer a view on what buy-side analysts are making on an average - base + bonus? In Atlanta, I came across a survey (I think it was II mag) that put the average total comp at $150K. My guess is that this number probably also represents someone who has had 3 years experience.



Edited 1 time(s). Last edit at Wednesday, September 27, 2006 at 03:06PM by CFAAtlanta.
 
Does "A3" constitute pre-business school? From what I have read and heard it is pretty rare for an IB'er to go on to the 3rd year as most elect business school at this point in time.

Thanks for the info
 
Depends, a lot leave to go to PE or Hedge Funds. However, it seems direct promotes from analyst to associate (w/ no MBA) is becoming more common.
 
Agreed with Buster.

I like IB but with that said the hours are terrible (even MM). I do 70-75 which is horrible but I people do have a commute each way and work never officially ends so even when you are at home for the night you are able to get caught up with work.

With that in mind a lot of people leave to try something new b/c at most IBKs associate is no more than a glorified analyst but less hands on and more client interaction. So if you are getting bored etc, you can see how the path to direct promote associate may not be glorious.

IBK offers a great number of opportunities and that is why you get a lot of turnover. They work you hard but you build skills and make connection that help you so when a new opportunity comes many jump b/c they never planned on being lifers.
 
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