This is how much you can earn at Moelis & Co.
Whisper the names 'Perella Weinberg,' or 'Moelis & Co,' in the presence of junior M&A bankers and they're likely to behave like teenage girls in the presence of Robert Pattinson. But are big name corporate finance boutiques really so appealing?
Maybe.
Moelis & Co UK put out its first set of results in June. They cover roughly the four months to December 31st 2009, and, as Financial News pointed out last week, show that the company made a loss of nearly 8m during that time.
However, it also appeared to pay rather well.
Moelis's nine equity partners earned an average of 300k each in 'non-discretionary profit allocation' for those four months, plus an average of 122k in deferred compensation, which would amount to 1.2m over a 12 month period.
Meanwhile, its 56 non-partner employees earned an average of 62.5k for four months, plus deferred compensation averaging 4.7k per person. This would amount to 202k over a 12 month period.
Notably, the deferred amounts are surprisingly small, at just 30% of pay for partners, and 7% for everyone else.
Moelis falls outside both the FSA's and the EU's new bonus rules and is therefore not obliged to defer at least 30%-50% of pay and to pay tiny amounts in cash.
Rather than working with big names, this may prove to be the biggest selling point of Moelis, and other boutiques, in future.