Within the investment banking division, equity capital markets (ECM) investment bankers fall into the middle plain when it comes to pay. If M&A bankers are at the top and debt capital markets professionals – at least at the senior end – are bottom of the pile, ECM bankers take the mid-spot.
Relatively speaking, of course, all IBD roles are very well remunerated and in 2014 ECM compensation increased by an average of 15% - the highest of any division on the back of surge in activity, according to figures provided by executive search firm Options Group. Pay for entry level juniors tends to be standardised across IBD, but first and second year associates in ECM earn a base salary of $100-125k plus up to $325k in bonuses.
The full breakdown is below.