The elite boutique paying $220k to first year banking analysts
Pay for junior investment bankers is not what it was. After a trying year for M&A deals, first year analyst bonuses in New York seem to be anywhere from $15k to $70k for 2023, which is a comedown from the up to $90k bonuses on offer in the recent past.
However, one boutique is still paying big dollars: Ducera partners. The firm declined to comment, but we understand that total compensation for Ducera's top first year analysts is around $220k this year, based on a bonus of around $110k.
Ducera has long been one of banking's top payers. Rival boutiques have used the current bonus round to prune analyst compensation by between 15% and 20% on 2022.
It seemingly helps that Ducera didn't over-hire following the boom of 2021, and that it's had a strong year for restructuring revenues. This year's $220k total compensation is more Goldman Sachs paid its first year analysts around $180k in the frothy days of 2021.
The only potential issue with Ducera is that it doesn't have restrictions on working hours. However, if you want to earn big money in a small market, this might be what to expect.
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