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Lehman Brothers: Salary & Compensation Surveys

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Job Title: Associate
Location: New York, NY
Submitted on: 27-Sep-03
Job Title Salary Survey
Associate $85,000 salary plus $30,000 bonus first year ("Stub Year") and a subjective year-end bonus the following year, which amounted to $25,000 for the top end, and was as low as $10,000 for the low-end. (This was 2002, when many firms were announcing huge lay-offs) 2-weeks vacation that most people only took 1. Typically 5-10% of your salary and bonus is given in restricted stock. Also, from time to time, Lehman will put money into a private equity fund on behalf of their employees, with differing amounts for different levels of employment.

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