- First-year investment banking analysts at bulge-bracket banks average nearly $91,000 per year in base pay, according to data from Wall Street Oasis.
- Leading investment banks also pay their analysts handsomely in annual bonuses, which can drive up their base salaries by tens of thousands of dollars.
- Bank of America Merrill Lynch tops the list with the highest average total comp for first-year analysts among bulge-bracket banks, coming in just shy of $160,000.
- Business Insider parsed through data from Wall Street Oasis to round up what the 10 bulge-bracket banks pay their first-year analysts.
- 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.
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Considering a career in investment banking? One of the primary reasons is probably because of the money.
And for good reason: Investment bankers are among America’s highest-paid earners straight out of college.
Indeed, bulge-bracket banks like Goldman Sachs, Wells Fargo, and UBS pay their first-year analysts in investment banking, on average, $91,000 per year — not including bonuses — according to data from the website Wall Street Oasis.
If that’s not enviable enough, just consider the additional tens of thousands of dollars that some of these young professionals receive in bonuses, which can be upwards of $50,000, WSO’s data show.
Read more: REVEALED: How much investment bankers get paid as they rise the ranks at firms like Moelis and Evercore, from analyst up to VP
For context, the average US college graduate earns a $50,000 annual salary in their first job, according to a survey from the National Association of Colleges and Employers.
But, roughly $50,000 is what first-year analysts at Bank of America Merrill Lynch earn in bonuses alone (it’s actually slightly more: $51,800). Add that to their annual salaries — $107,900, according to WSO data — and those analysts walk away with nearly $160,000 for their first year on the job.
To compile its salary data, Wall Street Oasis users submitted compensation numbers to the site. Data on first-year analyst salaries were compiled from 544 submissions across the top 10 investment banks. When approached by Business Insider, these banks either declined or did not respond to a request for comment for this story.
Here’s what first-year analysts in investment banking earn in salary and bonuses at Wall Street’s bulge-bracket banks.
(All numbers are based on data as of August 19th.)