Bonus season has ended, and so the spring investment banker migration begins. Having been paid a piece of profits for their part in last year’s deals, bankers are now looking for greener fields. How did they do? Well, here is some data from TheDeal:
Overall, the 2004 bonus season, which effectively ended for the big banks when CSFB handed out checks on Feb. 15, was the best in four years and hewed tightly to salary-plus-bonus expectations set out last fall: Managing Directors made an average of $800,000 to $1.75 million, with really big producers getting up to $4 million or more. Vice presidents raked in between $350,000 and $700,000. Associates straddled the range of $200,000 to $300,000 in total compensation.