I would have to go back and look at all the numbers, but there were reports of some Associates at EBs earning $500K+ in total compensation, but unclear what the exact split or stock component was. However, I don’t think that was the average case at all (and I don’t know the exact year # this corresponded to).

Thanks for the interesting article again! I am an international doing an MBA at an m7 next year and I’ve been focussed on IB.
What would the higher end of the salaries for associates at elite boutiques? The article mentions 425k for 3rd year associates but would that not be nearer a first year comp if the bonus was 100% as you mentioned?

This was based on around 100 data points collected from different sources. There were around 20 reports of VP compensation. Ideally, I would like to use more, but I only have so much time/money/energy to do the research each year.

I don’t think any of the numbers are particularly surprising if you look the drop in deal activity and how that mapped to the drop in bonuses and total compensation.