- The Prospect Rock Partners recruitment firm interviewed more than 900 bankers, from boutiques to bulging media.
- BI has obtained some of the results, including the quantity of bankers in different groups and levels.
- See which titles and roofing zones experienced the largest pay bumps in 2024 while the realization of transactions bounced.
PSST! How much was your bonus?
In Wall Street, your end -of -year pay check can often indicate your position at work. However, knowing where your bonuse wages are classified in relation to peers is not so simple.
In an effort to shed light on Wall Street’s salary trends, the Prospect Rock Partners recruitment company interviewed more than 900 investment bankers on their 2024 wages and bonuses.
The survey was carried out between December 1, 2024 and February 28, 2025 using the contacts of the bank of the Rock Prospect industry. This is the third year that Meridith Dennes, general partner of the company, directed it.
“It has always been so cryptic,” said Dennes to Business Insider about the structure of the remuneration of Wall Street. “The interest of the survey is that compensation is much more nuanced than what people talk about.”
Respondents in the survey included bankers from all ranks, analysts to vice-presidents and managing directors, and through a multitude of coverage and companies.
Prospect Rock Partners has given BI authorization to publish certain slides of his complete investigation. The results shared here suggest that so -called elite shops of shops (Think Evercore, Lazard and Centerview) saw a total increase in compensation between 11% and 68% in all roles. The total salary of the Elite stores has increased on average by 31% for first -year partners and 33% for second -year partners. The remuneration of the Director General of Elite stores rose from around $ 1 million in 2023 to more than $ 1.7 million in 2024, an increase of 68%.
These bonus ideas come while Wall Street is waiting with a breath to see if the rebound of mergers and acquisitions that many experts in the industry have predicted for 2025 will materialize or fully materialize.
“There is so much uncertainty – the geopolitical risk, the impact on the private sector of the cuts, the prices and the interest rate environment – which can cause many disorders on the market,” said Dennes.
The rise in investment bank hiring that started at the end of 2024 continues, however, said Dennes.
“Me, as a recruiter, I see an increase in job applications to come, but it is much more difficult to find talents than people want,” she said. “More and more companies that have not used recruiters in the past two years have come out of the woodwork now.”
businessinsider
