HARRISON RUSH/ FIRE DRILL UPDATE: Comp, Jobs and more

2023 Compensation Information

Managing Directors- Flat to do 15% – TMT & Healthcare the strongest

Directors- Large variations in “haves and have-nots” Down 5-20%

VP3- 525-700K Total Compensation

VP2-450-550K Total Compensation

VP1-375-500k Total Compensation

Associate top bucket 80% of base

Associate mid bucket 60-65% of base

Stub Bonus 35K

No surprise that compensation was down across the street. This year the gap between those paid well and those paid not well was larger than ever.

HOT JOBS

Corporate Development & Strategy- Internet- 100% remote -3-5 years I.B.

FIG ANALYST- Global Bank- Bulge Bracket Compensation

Managing Director Infrastructure Software

Managing Director Asset Management

Managing Director Hardware and Semis

Vice President Insurance

Associate Insurance

Associate Tech Bos/ NY / SF

Associate Restructuring Advisory

WISDOM FROM THE HEADHUNTING CHAIR

Do not pay for resume review services ( plenty of free resources and most of you reading this are super smart and can create a great CV)

As a job seeker you should never pay a recruiter

If you have a close contact at a company use them to help you get interviews

A few nefarious recruiters will spray your CV all over Wall Street without your permission. It is advised to ask the following questions of your recruiter:

1. How any placements has your recruiter made at the company they are representing.

2. Ask who they deal with at the company they are representing.

3. Ask how long the company they are representing has been their client.

LAUGHTER IS GOOD