- Business Insider parsed through data fom Wall Street Oasis regarding bonuses for first-year investment banking analysts.
- The average bonus a first-year investment banking analysts receives from a bulge-bracket bank is $39,300, according to data seen from Wall Street Oasis.
- Business Insider ranked the average bonuses for the 10 bulge-brack banks from highest to lowest.
- Are you a young person working on Wall Street? Contact this reporter via email at [email protected], encrypted messaging app Signal (561-247-5758), or direct message on Twitter @reedalexander.
- Visit Business Insider’s homepage for more stories.
Investment banking is a line of work that’s known for its unforgiving hours and near-nonstop work demands, but the field is sweetened for newcomers by the temptation of enviable first-year salaries and bonuses.
The latter can range from more than $20,000 to $50,000 per year at the largest investment banks, according to data collected by the website Wall Street Oasis.
First-year investment bank analysts at the bulge bracket banks stand to receive a bonus of $39,300, on average.
See more: COMP COMPARE: From Goldman Sachs to JPMorgan, here’s what you can make at all the bulge-bracket banks as a first-year IB analyst
In some cases, that number can be much higher. For instance, at Bank of America Merrill Lynch — the highest payer on this list, both average and median bonuses topped $50,000 for the year.
That means many young investment banking analysts are poised to receive a bonus that exceeds what the average 25 to 34-year-old makes a year: $41,236, according to career website Indeed.com.
Business Insider reviewed the Wall Street Oasis data on IB analysts’ bonuses to reveal exactly how much first-year analysts at top firms are taking home, broken out by mean and median. The data was gathered from 547 user submissions.
Here’s a look at the bulging bonuses that these bulge-bracket banks pay, ranked from highest average to lowest.
(All numbers are based on data as of August 24)