Ducera Partners Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Ducera Partners, including base salary, bonuses, and total compensation at every level.
Last updated April 2026 · By the Superday AI editorial team
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$100,000
$163,000 - $188,000
$280,000 - $320,000
Analysis
Ducera Partners pays first-year analysts a $100K base plus a $55K-$80K year-end bonus and an $8K signing bonus, for total first-year compensation of about $163K-$188K in 2026.
Key facts
- First-year analysts earn a $100K base salary, an $8K signing bonus, and a year-end bonus of roughly $55K-$80K.
- Total first-year analyst compensation runs about $163K-$188K in 2026.
- Associate compensation scales to $250K-$350K depending on deal activity.
- Ducera bonuses run 40-50% below Evercore and Centerview, and 25-35% below Goldman and JPMorgan.
- Ducera was founded in 2015 by Michael Kramer along with ex-Perella Weinberg restructuring bankers.
Base & Bonus
First-year analysts earn a $100K base salary, an $8K signing bonus, and a year-end bonus of roughly $55K-$80K. Bonuses are highly variable based on deal activity and firm performance. In strong restructuring years when deal flow surges, Ducera's bonus pool can rival or exceed larger competitors, since the firm's lean structure means fee revenue is distributed across fewer professionals.
Total Compensation
Total first-year analyst compensation lands at about $163K-$188K in 2026. Associate compensation scales to $250K-$350K depending on deal activity, and the path to senior roles is accelerated by the firm's small size and flat hierarchy. The standout feature of Ducera's pay is the combination of elite-boutique-level compensation with the upside optionality of a younger, growing firm.
How It Compares
Ducera bonuses run 40-50% below Evercore and Centerview, and 25-35% below Goldman and JPMorgan. The firm was founded in 2015 by Michael Kramer along with ex-Perella Weinberg restructuring bankers, and it has kept an orientation toward competitive pay. As Ducera wins marquee mandates and builds its brand, early joiners benefit from the firm's growth trajectory in ways established platforms cannot offer.
What Drives Pay
Pay at Ducera is tied to restructuring deal flow, which is inherently cyclical. Because restructuring tracks economic cycles, compensation can vary meaningfully year to year. For candidates committed to restructuring as a career, Ducera offers a combination of pay, responsibility, and growth potential that few firms in the space can match.
Analyst Compensation
First-year analysts at Ducera Partners earn a base salary of $100,000 with a year-end bonus of $55,000 - $80,000, bringing total first-year compensation to approximately $163,000 - $188,000. Second-year analysts earn approximately $185,000 - $210,000 total comp, rising to $205,000 - $235,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $100,000 | $55,000 - $80,000 | $163,000 - $188,000 |
| Analyst 2 | $115,000 | $70,000 - $95,000 | $185,000 - $210,000 |
| Analyst 3 | $125,000 | $80,000 - $110,000 | $205,000 - $235,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $155,000 | $95,000 - $135,000 | $280,000 - $320,000 |
| Associate 2 | $180,000 | $115,000 - $165,000 | $295,000 - $345,000 |
How Ducera Partners Compares
Ducera sits in the middle-market tier, above regional banks but below elite boutiques. Bonuses run 40-50% below Evercore and Centerview, and 25-35% below Goldman and JPMorgan.
Benefits & Perks
Meals & Transportation
Dinner provided, car service
Ducera Partners Compensation Overview
Ducera Partners, founded in 2015 by Michael Kramer and other former Perella Weinberg restructuring bankers, offers middle-market compensation with a boutique culture twist. Base salaries are modestly below bulge brackets, but the firm's focus on restructuring and special-situations advisory provides strong learning and deal flow. First-year bonuses typically range $60-75K, with top performers in busy restructuring cycles reaching $80K. Ducera's relatively small size means analysts work directly with MDs and gain early client exposure. The culture emphasizes mentorship and long-term development over pure pay. While compensation lags elite boutiques like Houlihan Lokey and PJT at senior levels, exit opportunities into distressed funds, special-situations PE, and credit-focused roles remain strong. Analysts value the work quality and relationship-building opportunities.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Ducera Partners?
First-year analysts at Ducera Partners earn a base salary of $100,000 with a year-end bonus of $55,000 - $80,000, bringing total compensation to approximately $163,000 - $188,000.
How do Ducera Partners bonuses compare to other Elite Boutique banks?
Ducera sits in the middle-market tier, above regional banks but below elite boutiques. Bonuses run 40-50% below Evercore and Centerview, and 25-35% below Goldman and JPMorgan.
Does Ducera Partners pay overtime?
No, Ducera Partners does not pay overtime. Compensation is structured as base salary plus discretionary year-end bonuses.
More Ducera Partners Resources
Sources
- Ducera Partners - Careers. Ducera Partners (accessed 2026-05-14)
- Johnson Associates - Compensation Reports. Johnson Associates (accessed 2026-05-14)
- Wall Street Bonus Pool to Grow as Bank Revenue Boosted by Rally (2025). Bloomberg (accessed 2026-05-14)