Wall Street Prep

Impact of TCJA on the Dividends Received Deduction

In addition to the headline impacts of TCJA, a lesser known change affects dividends received deductions ("DRD"). As we discuss in detail in our advanced accounting course, the dividends received deduction ("DRD") exists to prevent companies that are shareholders in ... Read More

Sales & Trading Salary Guide

A sales and trading has a similar comp structure to investment banking, comprised of a base and a bonus. For a sales & trading "Analyst 1" (an analyst's first full year after completing the July-December "stub" period), base and bonus ... Read More

Investment Banking Managing Director Salary

Managing Directors are at the top of the investment banking food chain.  They are responsible for relationship building with clients and revenue generation for the firm. The investment banking managing director salary (all-in comp) ranges from just under $1 million ... Read More

Investment Banking Director Salary

The Investment Banking Director Salary ranges between $500,000-$700,000 at most large ("bulge bracket") investment banks and elite boutiques. The all-in comp is comprised of a base and bonus component: Base salary: $275,000 at most bulge bracket and elite boutiques Bonus: ~$400,000 ... Read More

Investment Banking Vice President Compensation

Investment banking Vice Presidents are the next step after associate and before director in the investment banking career path and earn base compensation of $225,000 - $250,000, with bonuses ranging from $200,000 to $400,000 at the large investment banks and ... Read More

Investment Banking Associate Salary Guide

Investment banking associates are typically hired after business school.  The investment banking associate salary is comprised of a base and a bonus.  For a first year investment banking associate in New York City the base salary is $150,000, and associates ... Read More

Investment Banking Analyst Salary Guide

Investment banking analysts are typically hired straight out of college into a two year program, that sometimes extends to a third year.  The investment banking analyst salary is comprised of a base and a bonus. For a first year investment ... Read More

Sales & Trading: Analyst Day In The Life

Follow along for a typical day of a first year Rates Trading Analyst on the Interest Rate Swaps Desk in New York. Rates Trading sits within Fixed Income and would include products such as treasuries, agencies, interest rate swaps, interest rate ... Read More

Demystifying Wall Street Trading: Real Example

I stumbled into a Wall Street Trading floor having no idea what a Wall Street Trader actually does. I struggled to find any good information online or in books. I signed up for a trading competition that JPMorgan was hosting. ... Read More

Sales and Trading: Roles and Asset Classes

I volunteered for a number of recruiting events during my time at JPMorgan. I brought hundreds of business cards and prepared for a lot of small talk. We were typically grouped off by role, Sales & Trading by one banner, ... Read More


The Wall Street Prep Quicklesson Series

7 Free Financial Modeling Lessons

Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts.