IBsalary

Starting salaries in investment banking positions with a bachelors degree after bonus (assistant or junior analyst position) range from $25,000 to $50,000. Starting salaries with an MBA degree range after bonus (associate position) range from $60,000 to $135,000. These salaries vary with firms and with the region of the country you are in. Bonuses typically would be 10 to 50% of salary to start and can move to one to three times salary later. Lately, salaries have increasingly included an equity component which may not be liquid for up to three years, although as an analyst you would typically be sheltered from this. This is good for the banks because it makes it much harder for people to move around.

Generic salary advice: Some firms tend to pay less than others because they can get away with it. You might actually be better off taking less. Obviously don't give yourself away but at the entry level, the quality of experience you get and the strength of the people you will work with are far more important than how much you get paid. You are trying to maximize the present value of your future earnings and enjoyment. This may involve taking lower pay now. Or, if you're lucky,
it might not.




		Sanjiv Bhatia First Vice President Global Investment Strategy Salomon Smith Barney


	Forecast salary ranges in the 1998 to 2000 period are as follows:


	Job Level Bulge Bracket Regional Player Prerequisite


	First Year Analyst Associate Assistant Vice President Vice President Associate Director Director / Principal Managing Director / Partner Department head


	$25,000 - 50,000 $90,000-120,000 $100,000-200,000 $140,000-250,000 $180,000-350,000 $300,000-650,000 $400,000 and up $750,000 and up


	$20,000 - 40,000 $60,000 - 80,000 $75,000-120,000 $100,000 - 200,000 $150,000 - 250,000 $200,000 - 400,000 $200,000 and up $300,000 and up


	Bachelor's MBA 2-4 years 3-6 years 3-8 years 5-10 years 7-10 years 10+ years


	Source: Market Survey