What I-Banks Now Pay Starting MBAs

Starting First-Year Compensation At Leading I-Banks

Rank	I-Bank	Percentile	1st Year Analyst	1st Year Associate
1	Blackstone Group	99.8	$130,468 Median Base: $70K Median Bonus: $50K	$213,250 Median Base: $109K Median Bonus: $100K
2	Evercore	99.5	$131,549 Median Base: $75K Median Bonus: $60K	$230,666 Median Base: $130K Median Bonus: $116K
3	Harris Williams & Company	98.9	$128,906 Median Base: $70K Median Bonus: $55K	$208,399 Median Base: $120K Median Bonus: $100K
4	Moelis & Company	98.5	$148,660 Median Base: $70K Median Bonus: $68K	NA
5	JPMorgan Chase	98.3	$103,649 Median Base: $70K Median Bonus: $28K	$156,269 Median Base: $100K Median Bonus: $35K
6	Goldman Sachs	98.2	$119,705 Median Base: $70KMedian Bonus: $40K	$181,778 Median Base: $110K Median Bonus: $70K
7	BMO Capital Markets	97.6	$122,237 Median Base: $70K Median Bonus: $50K	$205,938 Median Base: $125K Median Bonus: $90K
8	Piper Jaffray	97.5	$108,530 Median Base: $70K Median Bonus: $45K	$183,044 Median Base: $100K Median Bonus: $125K
9	CIBC World Markets	97.4	$135,243 Median Base: $80K Median Bonus: $60K	$179,500 Median Base: $98K Median Bonus: $47K
10	William Blair	97.1	$136,500 Median Base: $70K Median Bonus: $65K	$125,000 Median Base: $85K Median Bonus: $35K
11	Citigroup	96.4	$113,695 Median Base: $70K Median Bonus: $40K	$157,292 Median Base: $100K Median Bonus: $40K
12	Houlihan Lokey	96.3	$126,810 Median Base: $70K Median Bonus: $52K	$200,667 Median Base: $117K Median Bonus: $73K
13	Wells Fargo and Company	96.1	$94,501 Median Base: $65K Median Bonus: $30K	$167,221 Median Base: $100K Median Bonus: $35K
14	RBC Royal Bank of Canada	95.5	$120,329 Median Base: $70K Median Bonus: $50K	$187,353 Median Base: $100K Median Bonus: $57K
15	Jefferies & Company	93.4	$145,833 Median Base: $70K Median Bonus: $50K	$178,091 Median Base: $115K Median Bonus: $50K
16	Barclays Capital	93.2	$127,659 Median Base: $70K Median Bonus: $40K	$183,405 Median Base: $120K Median Bonus: $55K
16	Lazard	93.2	$126,088 Median Base: $70K Median Bonus: $50K	$202,500 Median Base: $130K Median Bonus: $57K
18	Credit Suisse	93.0	$124,896 Median Base:$70K Median Bonus: $45K	$182,547 Median Base: $120K Median Bonus: $47K
19	Guggenheim Partners	92.8	$135,750 Median Base: $70K Median Bonus: $55K	$132,250 Median Base: $105K Median Bonus: $27K
20	Societe Generale	92.0	$110,389 Median Base: $70K Median Bonus: $40K	$120,000 Median Base: $120K Median Bonus: NA
21	SunTrust Robinson Humphrey STHR	91.9	$106,456 Median Base: $70K Median Bonus: $37K	$145,829 Median Base: $90K Median Bonus: $50K
22	Bank of America Merrill Lynch	91.5	$111,293 Median Base: $70K Median Bonus: $45K	$166,190 Median Base: $100K Median Bonus: $48K
23	Morgan Stanley	91.4	$105,425 Median Base: $70K Median Bonus: $30K	$149,468 Median Base: $100K Median Bonus: $50K
24	Scotiabank	91.2	$118,250 Median Base: $68K Median Bonus: $70K	$106,754 Median Base: $77K Median Bonus: $19K
25	Deutsche Bank	91.1	$111,065 Median Base: $70K Median Bonus: $38K	$152,267 Median Base: $105K Median Bonus: $32K
26	Nomura Holdings	90.9	$106,881 Median Base: $71K Median Bonus: $32K	$206,190 Median Base: $110K Median Bonus: $60K
27	RBS Royal Bank of Scotland	82.2	$101,789 Median Base: $70K Median Bonus: $32K	$142,167 Median Base: $102K Median Bonus: $35K
28	Perella Weinberg Partners	78.9	$131,939 Median Base: $75K Median Bonus: $60K	NA
29	Rothschild	78.4	$121,852 Median Base: $75K Median Bonus: $50K	$243,333 Median Base: $130K Median Bonus: $120K
30	Macquarie Group Limited ABN	73.8	$120,107 Median Base: $82K Median Bonus: $30K	$246,750 Median Base: $125K Median Bonus: $122K

Source: Wall Street Oasis

Note: Income is for average first year total compensation

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