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Wall Street pay is on the rise
Want to make the big bucks? Dedicate your life to Wall Street.
The average salary for bulge bracket bank analysts has risen from $70,000 to $85,000, according to a survey of 1,750 U.S.-based front-office investment bank employees at 25 different banks. Base salaries from analyst to associate to v.p., director, and managing director grow steadily, but bonuses grow exponentially, reports Business Insider. By the time someone reaches the level of managing director, bonuses often outpace base salaries.
For an average starting analyst making about $76,000 a year, bonuses will add an additional $19,000. Associates reported making $115,000 plus $43,000 in bonuses. V.p.s make $164,000 plus $96,000 bonuses. Directors earn $216,000, with $192,000 in bonuses. Managing directors can bring home $337,000 in salary, plus $385,000 in bonuses.
Photo: Frits Ahlefeldt-Laurvig