NEW Investment Banking Salary & Bonus Pay (2021) - Why Bankers Are Getting RICHER
ฝัง
- เผยแพร่เมื่อ 20 มิ.ย. 2024
- In this video, I go over the latest investment banker salaries and bonus figures. I discuss how much investment banking analysts and associates earn at the top bulge bracket investment banks like Goldman Sachs, J.P. Morgan, and Morgan Stanley. Banks recently increased their compensation figures due to the war for talent and as a result, junior banker salaries have meaningfully increased in 2021.
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⏱Timestamps⏱
0:00 - Introduction
0:54 - How Investment Banking Compensation Works
2:44 - Old vs. New Analyst Compensation
5:53 - Financial Edge Sponsorship
6:42 - Old vs. New Associate Compensation
8:36 - The Most Important Thing For Investment Banking Recruiting
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#investmentbanking #investmentbanker #finance
I’d like to add MS now actually pays first year analysts $110k, or at least depending on what group you’re in.
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Does the MBA advice apply for those who have no corporate experience? I’m in medical school (finished 1st year) but I have learned pretty quickly that I want to work in finance (I spent more time studying fundamental analysis and real estate investing than I did med).
Because I pursued medicine, I worked in a research lab, then I had a terrible year where I did nothing (family extenuating circumstances, grieving) and then started medicine. Going to an MBA, will I then get hired as an associate and receive on the job training?
⏱Timestamps⏱
0:00 - Introduction
0:54 - How Investment Banking Compensation Works
2:44 - Old vs. New Analyst Compensation
5:53 - Financial Edge Sponsorship
6:42 - Old vs. New Associate Compensation
8:36 - The Most Important Thing For Investment Banking Recruiting
For investment baking how valuable is experience doing high stress analytical work outside of banking? I am knocking out a degree in finance but not from a prestigious school however my gpa is maxed and I have been an analyst for a couple years my question is does one have to attend a very well regarded school to get their foot in the door?
Yes investment banks have specific target schools that they recruit from
Mostly Ivy Leagues
Is it possible to break into IB as a software engineering junior year student with no prior experience on finance? If yes; would you give any tips on how?
Yes, nearly every single bank specifies that they don't care what you are studying unless you get a 2:1.
@@ViralVidz21 what is a 2:1?
Can you do one on elite boutiques please and vps and directors
I wonder if i have a non business undergraduate degree and I get my MBA from lets say CSUMB will i have a shot at being an investment banking associate ?
Just handed my notice in with an investment bank. Great experience for a few years but ultimately the work life balance and toxic culture takes its toll and at some point you have to make a decision of what's best for your welfare
Was the money worth it?
@@VancouverViralVids I would say the experience and exit opportunities you get from investment banking is more worth it than the compensation especially in the first couple of years. If you leave from a top BB investment after a couple of years you can pretty much go into any industry within the finance sector
@@VancouverViralVids personally no - I was an older candidate compared to those I began with and personally value my time more now as a result but as zayad said the experience was certainly invaluable
@@marcmcnally4995 how much older? I’m turning 26 next summer and might make the plunge from another career
@@AHSGinger 28 - always time to follow what you want to do!
How is Macquarie as an investment bank?
How good should your Excel skills be before joining investment banking? It is bad if you have only basic knowledge of Excel when you get in?
you learn everything on the job / training but it is helpful if you get some practice in
MS promotes to associate after 2 years. It has been like that for at least 2 years. A number of the other banks in your list also promote after 2 years.
ah got it good to know thank you!
If i study CFA LEVEL 1 can i make investment banking! Or no and what i need to be an investment banking
Would analysts started last year have lower salary now comparing to analysts started this year?
nope everyone is bumped up
That is some mighty fine compensation/salary, but ultimately, time is invaluable after a certain point. Yeah, it's great to have a nice house, a nice car and be able to travel, but you're living to work and not working to live. I could *maybe* hack it for a few years, but like you, I'd take the money for a few years, bolt and try something else. If I missed out on lots of events with family/friends because of work and then something bad happened them, the guilt would eat me up. No amount of money can compensate for lost time with people who are important to you.
my thoughts exactly!
So if you would get an N you would earn nothing? Or does a person earning N still get a bonus? If so how much?
Music is a bit too loud at the beginning and end mate.
thanks for the feedback~
@@rareliquid No worries, you've got good, useful (to me) videos.
Thank you for making such an informative video, I only have one doubt that, even after increasing the salaries many bankers are leaving IB, so do you think the new figures will attract people towards banking? or it will become tough for Investment Banks to recruit people?
yeah i think the pay will help there have been some reports that application numbers have increased
Love this!!!
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Great video as always! Could you please do a list of the best business schools for investment banking in the US? And maybe some advices for non US citizens, who want to work in the US in Investment Banking?
i don't have much advice for the latter but can do a video about the former!
First!
concise, transparent, and useful. great content ben chon
Thanks for watching!.
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Hey, which city did you work in?
San Francisco!
@@rareliquid thank you. Do you anything about the Canadian market and if they have Investment Analysts? It would be so helpful
Hi. Should you know how excel works before you get into investment banking or will you learn on the job
nope! you learn all on the job but it's only to your advantage if you learn at least a bit before going into the job
I loved the video, thank you for all your advices, you're very kind 💖⭐ 🤗 ♡
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can you make a video talking about people who go from public accounting advisory/ Transaction diligence to Investment banking analyst/associate ? The alternative to MBA routes for those who can't take that route ?
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Lazard first year Associate new BASE salary is $200,000 🤑🤑🤑🤑
It used to be 150K.
lit
Yo Ben, admittedly the only reason I want to work in IB is the salary and prestige. Do you know any other business-related industry that pays similarly to IB? Thanks bro.
computer science, data science, anything CS related these days will pay similarly with better hours
Models and bottles!
Hi
Yo your link dont work for the resumes
just fixed thank you!
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I’m in commercial banking at JPM can you do a video about how to get in to investment banking once you’re already in the company and looking to change divisions
don't really know much about this sorry would just say network hard with bankers at jpm and perform well in your division and if any openings come up see if you can interview with the group
Hey Ben, thanks for making these vids. You give off a really nice vibe. Keep up the good work!
Just wondering if you have any thoughts about MBA vs CFA or the recent Evergrande crisis - do you think it'll spill over into US markets?
Would love it if you made a vid discussing it since its such a hot topic lately!
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Hi Ben, in your experience how hard is it to climb the ranks of an investment bank from analyst all the way to MD? What percentage of people get to the MD level and what happens to those people that get forced out. Especially for post-MBA associates since PE/VC/HF firms typically don't hire them. Thanks, hope you and your mother are doing well.
hmm banking work isn't that hard on the analyst / associate level but what gets tough is from the VP to MD level you have to be good with clients and your role shifts into a salesman type role. you still have to be good with analysis but more at understanding it quickly and presenting it. so really hard to say but if you're good at being an associate and your team likes you then most post-MBA's i've seen have had no issues getting promoted
Hey Ben, loved the video. I’m a rising Junior at Columbia University. In your time at JPM and even now, do you think military experience helps when trying to lateral into IB? Any chance you could do a quick video on it? Hardly any info out there on this topic. Thanks, glad to see your doing well!
If you did IB did you take HL math ? Thx
not sure what HL math is so no
@@rareliquid HL is high level
I recall you mentioning that you thought of getting an MBA, I got motivated to study myself. A cool idea would be to share your journey if you are. If you’re not, do you have any suggestions on MBA schools that would help land an IB or Associate role? Asking since I know you used to recruit! Thanks Ben!!:)
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Thank you for the videos 👍 I'm currently working as a mortgage processor and I'm constantly trying to learn and seek career opportunities within the financial sector. Is there a video where you go over the best ways to prepare for these good earning positions ?
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That is not him Gerald
That's actually so insane. I'm a wealth management analyst at morgan stanley and my base is 57k.....
💀💀💀
Are the money after tax or before tax?
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Most likely before.
Hey Ben, I wanted to ask during your time at JP. Morgan did you feel any pressure to exit into the buy-side since I'm assuming many of your peers did. Instead you launched a creative venture, Aesthetic Studios, which strays from the private equity/hedge fund path that so many analysts undergo. What did it feel like in the moment and were you worried at all you were foregoing buy-side opportunities?
i've commented about this in a few videos haha i would say it was a very odd decision amongst my group. i felt "pressured" to think about the buy side and did recruit lightly for them but never really went hard at it because i don't i ever truly wanted to go into the buy side. i was more interested in joining a tech firm but then i ended up quitting, traveling, and pursuing entrepreneurship instead. don't have any regrets
“Competing for talent” meanwhile non-target kids struggle to get an interview at top 50 firms because there are “too many qualified applicants.” Smh
unfortunately true but that kind of is the purpose of getting into a good school and the system rewards kids who worked hard earlier. if you're late to the game just continue to hustle by working at internships and having great professional experience can help non-target school candidates break in
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