Vault.com: the most trusted name in career information

Vault Message Board: Investment Banking

Topic Name: who pays best ?
Message Name: You mentioned "if yo
Date Posted: 02/23/2000
In Reply To: Wonder why people always assume that GS pays the most when it certainly does not. If you want to go with a larger bank, DLJ pays well from the associate level onwards and Bear Stearns from the get-go (Analyst level). From the boutiques Wasserstein Perella and Lazard Freres pay well but they will make you feel like you earned every $0.01. This info pertains to IBD and not S&T. In S&T, since it all depends on how much YOU trade or sell, that is what determines your pay. The S&T average of the salespeople or traders in any given bank is much less of a relevant figure than it is in the IBD group.
Message: You mentioned "if you want to go with a larger bank." Are you implying that some of the smaller banks pay better? If so, which ones?

Post a Reply to this Message  || Go to the Investment Banking Vault Message Board



Recommend this page to a friend