2022 Compensation Report (AN1 thru VP1) – Special IB Tea Report

“Life will put many red lights in front of you, but sometimes we must push on the gas and trust god.”?– Kendrick Lamar

Liquidity dropped its 2022 sell-side compensation report. 2,300 results have been cleaned, scrubbed and summarized with a focus on AN1 through VP1. For those that don't know, Litquidity curates relevant news spanning Wall Street to Silicon Valley. Lit’s newsletter has been one of my goto info sources since its founding in 2017 (Litquidity).

• IB payout is substantially higher than S&T or Equity Research (ER)
• IB vs. S&T roughly 30% higher for an AN1
• IB vs. ER roughly 45% higher for an AN1
• Pay between Tiers (BB, EB, MM, Specialty) is narrow at junior level and begin to differentiate at the associate level.
• EBs paid 15-40% higher than BBs
• RBs paid 35% less than EBs at VP1
• MMs outperformed BBs from AN3 up

Source: Litquidity August 2022 Sell-Side Compensation Report

No offer after your summer internship? It does happen.?

Some years it happens a lot. For instance the 2020 Covid summer, the 2011 World Financial Crisis Summer, or further back the 1998 currency meltdown?/ Russian debt crisis.?Some years it is a miracle if a summer?internship?translates into an offer. In 2010 summer interns at Lehman and Bear Sterns got offers. Then their banks failed.

Even when the global economic environment isn’t working against you, sometimes you can feel the offer slipping away from you in the first week. It might not be a booze-fueled flameout. It could be that you are having a hard time finding a mentor. It might be the deals (or lack thereof) that you are getting staffed on.?Perhaps you can sense you aren’t a “cultural fit.” At some banks, it happens a lot. In a typical year, some banks only make offers to 30-50% of their summer interns whereas others make offers to 80%.

Are your dreams of a high-flying career in finance doomed if you don’t end up with an offer at the end of the summer? No. Not at all.?

SHAMELESS PLUG

If you think you need help devising your plan or beefing up your interviewing skills let us know. We’re here to help.?Check out GettingtheOffer.com for affordable services on how to right the ship.

HOT JOBS 8/21

Please PM me or shoot me an email at?[email protected]?and let me know which role you might be interested in. Must have at least 1-year prior IB M&A experience. Visas as noted below.

***URGENT MANDATES***?

- Industrials, Associate/VP, NYC

- Consumer and Retail M&A VP/Associates (NYC)

- RX Sr. Associate (NYC)

- Real Estate and Lodging coverage VP/Sr. Associates (NYC)

- Digital Assets / Crypto / Fin Tech VP/Sr. Associate (NYC)

- Software VP (Boston/NYC/SF)

- M&A VP (NYC)

- Private Debt Associate/VP (NYC)

- HC Services M&A (MD) (Miami)

- Fintech M&A MD (SF)

- Specialty Finance (NYC) - MD Group Head

- Healthcare Tools & Diagnostics (D) (Miami)

- Looking for an Associate II?–?Technology Leveraged Finance and Sponsor Coverage (Santa Monica)