IB Comp Calculator
Estimate investment banking pay — base, bonus, and all-in total — by level, firm tier, and city. Free, no signup.
Your scenario
Illustrative ranges based on public street-comp surveys — not an offer, quote, or guarantee. Bonuses are discretionary and vary by deal flow and performance.
How investment banking compensation works
Investment banking pay has two parts: a base salary that is largely fixed and standardized across the street, and a discretionary bonus that is where firm tier, deal flow, and individual performance create most of the spread. A first-year analyst typically starts around $110K base, with the all-in total climbing each year as the bonus grows.
Firm tier matters: elite boutiques (Evercore, Centerview, PJT, Moelis) often pay above-street bonuses, bulge brackets set the market, and middle-market banks usually pay somewhat below. These are illustrative market ranges — your actual offer depends on the firm, group, year, and your performance. To turn a comp target into an offer, practice the technicals and behaviorals with a free AI mentor and timed mock interviews.