How Much Do Boutique Investment Banks Pay in Analyst, Partner, and VP Roles

Good morning! This is Dan DeFrancesco check in from NYC.

Today we have stories about Steve Cohen feels optimistic about his casino plansVC Thoughts on what’s next for cryptoand how Wall Street activists are in charge of some of the biggest corporations.

But first, let’s take a look inside some pockets.

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Wall Street bull tempting suited hands with one hundred dollar bill on red background

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1. Small banks with big comp.

Just because they’re small doesn’t mean they can’t pay big.

We have already spoken explains why specialty banks often rank higher among workers than their upper-tier counterparts.

There is practical experience and work-life balance, both very popular with young bankers.

But at the end of the day, it’s about investment banking. And while bankers like to say their job isn’t all about the money, it’s kind of about the money.

Insider’s Emmalyse Brownstein and Rachel DuRose pulled salary data from a variety of sources to get a sense of the type of analysts, associates, and VPs in base compensation. can expect to receive in nine boutique cabinets.

This data does not include bonuses, which typically make up a significant portion of bankers’ overall compensation (although maybe not this year). But it’s still fascinating to see how these smaller players stack up against bulge banks, where the going rate for core composition among first-year analysts is $110,000.

So, for a young beginner banker, what is the best long-term choice?

Boutique bankers will say you can’t put a price on face-to-face time with key executives and negotiation experience that goes beyond just reviewing bridges. Seasoned bankers will say that having a top company on your resume opens doors that boutique bankers aren’t even aware of.

Maybe someone could build a model that assigns values ​​to all these different factors and evaluates the best choice?

Give it to me first thing tomorrow morning.


Click here to take a look at the salaries of the top nine investment banks.

In other news:

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Mickey Mouse greets fans during a parade at Walt Disney World Resort on March 03, 2022.

Arturo Holmes/Getty Images for Disney Dreamers Academy

2. VCs ring on crypto suite after FTX. We asked five venture capitalists about their key takeaways from the FTX debacle. Here’s what they think.

3. Steve Cohen’s hopes of getting into the casino game look brighter. The announcement of a new stadium in the same neighborhood as Cohen’s New York Mets makes him happy about his plan to build a casino, reports the New York Post.

4. If you had Perella Weinberg Partners on your FTX bingo card, congratulations. The investment bank was exploited by debtors of FTX as it picks out the pieces of Sam Bankman-Fried’s fallen crypto empire.

5. Sneakerheads ruin Nike’s ESG goals. An increase in demand for Nike’s retro sneakers, which rely on leather, made it harder for the company to use more sustainable materials.

6. A major new buyer of corporate debt has entered the fray. Apollo Global Management has raised $2.4 billion for a fund focused on loans that Bloomberg said are not properly priced due to the market downturn. Read more about Apollo going deeper into the credit game.

7. Sometimes it’s better to get fired. The shocking removal of Bob Chapek as CEO of Disney won’t come cheap. Take a look at how much Chapek is about to walk away with. And while we’re at it, here are some info on new/returning CEO Bob Iger and how he’s spending his fortune.

8. Iger’s return to the helm is also an example of the power of Wall Street activists. We’ve mapped three other companies where investor pressure is influencing big decisions. Discover them here.

9. An Instagram account aimed at helping licensed technicians. Fana Yohannes’ Here2Help account supports laid-off workers with job leads and mentors. Here’s how it works.

10. Wine advent calendars are a thing, and they’re awesome. This beats the hell out of a little piece of chocolate. Check out eight of the best.

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Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London.