Further rumours related to 2009 associate compensation

9 February 2010

1 minute read

Further rumours related to 2009 associate compensation

Almost without exception, US banks have now announced their bonus numbers, details of which are trickling slowly into the databases of London headhunting firms.

The figures below come from one such reputable organisation. They relate only to associates in investment banking/M&A, so don't be perturbed if you work in fixed income sales and your compensation doesn't correspond.

Equally, if you work in M&A and your total comp bears no resemblance to what's listed below, please say so in the comments box at the bottom of this article.

Associate pay

Source: Anonymous, but reputable, London headhunting establishment

AUTHORSarah Butcher

Global Editor

si
sittingreceived
13 February 2010
im in FI sales 2nd yr assoc. and made circa 500k usd .. at my bank markets got paid much much better than bankers.
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St
Stuart
10 February 2010
Considering 80% of M&A deals destroy value for the companies involved, 300k+ is quite generous.
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ri
richardb
9 February 2010
what about VPs?
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tr
trion
9 February 2010
What about Sales & Trading - is there any similar data on this Sarah?
Associate 3 is roughly 5y experience - i'd think there are plenty of S&T earning more than $400,000 - this is only 240,000 (at 1.65 avg f/ex rate for 2009)
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ws
wsf
9 February 2010
I think this sounds about right, first year associate would normally have a base of about $100k, 100-150% bonus would take him to total comp of $200-$250k...
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