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Harrison Rush & Firedrill Recruiting Update: Comp updates, jobs and news

A brief, reliable rundown of Investment Banking recruiting

Harrison Rush & Firedrill Recruiting Update: Comp Updates, Jobs and News

HOT JOBS 2/7/2023

  • Managing Director -Asset Management

  • Managing Director- Infrastructure Software

  • Managing Director -Hardware

  • Vice President Tech Enabled Services -Elite Boutique -NYC

  • Vice President Tech M&A - Boston

  • Vice President TMT Associate - NYC/ BOS/SF

  • Vice President Insurance -NYC

  • Associate -Insurance

  • Associate -Consumer

  • Associate middle market private equity

COMPENSATION SNAPSHOTS

The following numbers are based on informal conversations

Managing Director - 1m-1.2m - junior MDs

Director 1 - 600-700K ( Top bucket 700K): Director 2 -mid 8s at elite boutiques

Vice President 2 - down 15%-30% Year to Year. VP2s in 2022 made a 15-30% bigger bonus compared with VP2s paid for 2023

Vice President 1 -465K-565K top bucket .

Associate comp- top bucket 80% of base/Mid Bucket 65%

Associate 0 stubs were 35K

Big swings in compensation this year between those paid well and those zeroed out

NEWS

Lots of layoffs the last few weeks. Job market to pick up post job cuts and bonus season.

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