Average compensation by rank and firm type for US investment bankers, 2025

"BB" refers to "Bulge Bracket" and includes JPMorgan, Goldman Sachs, Morgan Stanley, Bank of America, Citi, Barclays, Deutsche Bank, and UBS. "MM" refers to "Middle Market" and includes Baird, BMO, Cantor Fitzgerald, Harris Williams, Houlihan Lokey, Jefferies, Lincoln International, Macquarie, RBC, and William Blair. "EB" refers to "Elite Boutique" and includes Centerview, Evercore, Guggenheim, Lazard, Moelis, PJT, and PWP.
Chart: Zeno ToulonSource: LitquidityGet the dataCreated with Datawrapper