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Salaries and bonuses for bankers in New York: the 2024 benchmarks
As M&A hiring creeps back in New York City, bankers looking for jobs may want to understand how their pay compares to the market. A new investment banking salary and bonus guide from recruitment firm Selby Jennings offers some insights. As you move from analyst to managing director in either an investment bank, boutique or 'elite boutique,' Selby Jennings says your salary alone goes from $105k to $450k. Bonuses are then calculated as a percentage of salary, and go from 20% to 200%+. The salaries below apply primarily to M&A bankers. Salaries for bankers in New York (and elsewhere) increased during the pandemic ... (full story)