Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    0
    ReputationRep:
    Hi guys,

    is there any (distinct) pay difference among the different business units of a BB IB
    (e. g. Morgan Stanley with its 6 business units: MS Smith Barney; S&T; IBD; GCM; Investment Management; Research)?

    In other words: How standardised is the salary of each level (especially Analyst, Associate, VP)?


    Thank you
    Rudi
    • Offline

      13
      They are large. They are larger within the unit. It's much more about how good you are when the serious money is involved.

      No one really cares about the differences before 25k is a rounding error.
      Offline

      1
      ReputationRep:
      The real differences are VP and above.
      Offline

      0
      ReputationRep:
      could someone please translate all the acronyms
      Offline

      15
      ReputationRep:
      (Original post by air-ninety-one)
      could someone please translate all the acronyms
      Ha! I remember having this problem back in my A-level days:

      IB: Investment Bank/ing
      BB: Bulge Bracket (term used to describe the top banks)
      MS: Morgan Stanley
      S&T: Sales & Trading
      IBD: Investment Banking Division (proper investment banking)
      GCM: I'm not sure on this one, I'd guess Global Capital Markets
      VP: Vice President
      Offline

      3
      ReputationRep:
      Basically, within the first couple years salaries will be pretty much flat across all FO divisions, but then after that each division has its own rate of progression, depending on the quality of the individual. For example, the best and most senior traders will probably be taking home somewhere in the range of 7/8 figure salaries, whereas 7 figures would be less common in IBD. But at that level, your salary is pretty much all commission so how much you earn depends on how much you bring in.
      Offline

      0
      ReputationRep:
      (Original post by Zweihander)
      Basically, within the first couple years salaries will be pretty much flat across all FO divisions, but then after that each division has its own rate of progression, depending on the quality of the individual. For example, the best and most senior traders will probably be taking home somewhere in the range of 7/8 figure salaries, whereas 7 figures would be less common in IBD. But at that level, your salary is pretty much all commission so how much you earn depends on how much you bring in.
      Hey dude, where do you know that stuff from? Are you working in the city?
     
     
     
  1. See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  2. Poll
    What newspaper do you read/prefer?
    Useful resources

    Articles:

    Guide to investment bankingGuide to consultancy

    Featured recruiter profiles:

    Deutsche Bank logo

    Deutsche Bank is recruiting

    "Thrive in an international banking environment"

    Quick link:

    Unanswered investment banking and consultancy threads

    Groups associated with this forum:

    View associated groups
  3. See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  4. The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.