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Contribute to the database and get 1 month free* Full online access!
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2 days free for intern submissions
Most Popular
WSO Premium
Full database access + industry reports: IB, PE, HF, Consulting
$8.08per month billed annually
...or $19 month-to month
Includes All Industry Reports
25k Interviews, 39k Salaries, 11k Reviews
IB, PE, HF Data by Firm (+ more industries)
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Historical Report Quick links
20242023202220212020201920182017201620152014201320122011
Investment Banking Compensation - As of June, 2024
This compensation data is based solely on user submissions to the WSO Company Database for pay during 2022, 2023, YTD 2024. Number of data points for each position is in parenthesis after the position label. Historical reports: 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011
Total Average Compensation - Bulge Bracket Banks (1) (2)
Includes compensation data from the following investment banks: Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, UBS AG, Wells Fargo and Company
Intern average compensation based on hourly rate x 2,000 to get yearly approximation
Compensation Detail by Firm - Bulge Bracket Banks (1) (2)
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Yearly Trends - Investing Banking Pay By Position - Bulge Bracket Banks
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Investment Banking Compensation - As of June, 2024
This compensation data is based solely on user submissions to the WSO Company Database for pay during 2022, 2023, YTD 2024. Number of data points for each position is in parenthesis after the position label. Historical reports: 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011
Total Average Compensation - Other Notable Banks (1) (2)
Includes compensation data from the following investment banks: HSBC, BMO Capital Markets, Cowen Group, Duff & Phelps, Evercore, Greenhill, Harris Williams & Co., Houlihan Lokey, Blackstone Group, Jefferies & Company, Lazard, Moelis & Company, Nomura Holdings, Oppenheimer, Perella Weinberg Partners, Piper Jaffray, Raymond James Financial Inc., Rothschild, William Blair, Lincoln International, Macquarie Group Limited ABN, Société Générale, SunTrust Robinson Humphrey STRH, KeyBanc Capital Markets, RBC Capital Markets, PJT Partners
Intern average compensation based on hourly rate x 2,000 to get yearly approximation
Compensation Detail by Firm - Other Notable Banks (1) (2)
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Yearly Trends - Investing Banking Pay By Position - Other Notable Banks
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Historical Report Quick links
20242023202220212020201920182017201620152014201320122011
Thousands of Interview Questions Available by Firm
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Methodology FAQ
How often is this data updated?
The rankings are constantly changing and evolving based on additional data we collect every day. The graphs and tables use the data from YTD and the prior 2 years. See tabs located above on this page to access previous year rankings.
Why do the average compensation numbers look so low?
Remember that the compensation you are accustomed to hearing for top performers in the top groups in New York is well above the average for cities around the world. The compensation average graphs are a global average which includes regional cities and groups that bring the average down. If you would like company and group specific compensation data, please visit the WSO Company Database.
Where does this data come from?
The compensation, review and interview data comes from WSO member submissions to the WSO Company Database. With over 50,000 submissions to date across thousands of companies, the database is solely a representation of what our members were paid and how they rank companies on various metrics. Please see below for a detailed breakdown of the member statistics for those that have contributed to the database.
What are the percentile rankings based on?
The percentile rankings of companies listed here are based on the current YTD and the prior two years of data for companies that received at least one vote. The simple average scores are converted into an Adjusted Score before the companies are ranked to take into account companies with a smaller sample size. This method uses Bayesian Statistics.
Why do you use Bayesian Statistics to adjust scores?
This methodology is used in order to account for standard deviation in rankings. As a company gets more rankings and data, we have more confidence that the average ranking is a true reflection of reality, so this is reflected in the adjusted scores and Percentile rankings. Learn more about Bayesian Statistics here.
Why don't I see company XYZ?
Some great smaller firms may not be represented in the rankings for the simple reason that we have not collected enough data to represent them accurately or for us to have enough data to display them at all.
What is the geographical representation of the submissions?
The WSO user base is very US-centric with approximately 70% of all submissions coming within the United States of America. Please see the detailed breakdown of the member statistics for those that have contributed to the database. For more company and city specific compensation, please visit the WSO Company Database.
