Evercore Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Evercore, including base salary, bonuses, and total compensation at every level.
Last updated April 2026 · By the Superday AI editorial team
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$110,000
$245,000 - $295,000
$445,000 - $525,000
Analysis
Evercore pays first-year analysts about $245,000 to $295,000 in total 2026 compensation, running 15-25% above the top bulge brackets and exceeding even Goldman Sachs.
Key facts
- Evercore first-year analysts earn a $110,000 base salary plus a $120,000 to $170,000 year-end bonus and a $15,000 signing bonus.
- First-year analyst total compensation lands at roughly $245,000 to $295,000 in 2026, with AN3 top performers clearing $320K or more.
- First-year associate total comp often exceeds $420K including signing bonuses, on a $200,000 base.
- Evercore bonuses run 40-60% higher than Goldman, Morgan Stanley, and JPMorgan, and double those at Bank of America and Citi.
- Analysts regularly exceed 90-100 hours per week during active deal periods.
Base & Bonus
First-year analysts start at a $110,000 base salary with a $15,000 signing bonus. Year-end bonuses run from $120,000 to $170,000, and the structure is genuinely meritocratic, with significant differentiation between performance tiers. Top-bucket analysts can earn bonuses that are nearly double those of average performers, creating a performance-driven culture that attracts the most ambitious candidates on the Street.
Total Compensation
First-year total compensation reaches about $245,000 to $295,000 in 2026. By AN3, top performers can clear $320K or more. Associates see larger numbers, with first-year total comp often exceeding $420K including signing bonuses on a $200,000 base.
How It Compares
Evercore leads the elite boutique tier alongside Centerview. Its pay premium runs 15-25% above the top bulge brackets and exceeds even Goldman Sachs by a meaningful margin. Bonuses run 40-60% higher than Goldman, Morgan Stanley, and JPMorgan, and double those at Bank of America and Citi. This reflects Evercore's extraordinary per-banker revenue generation and a pure advisory fee structure that avoids the revenue dilution of underwriting and trading.
The Trade-Off
The premium pay comes with some of the longest hours in banking, regularly exceeding 90-100 hours per week during active deal periods. The perks are excellent, including overtime pay, generous meal and transportation allowances, and comprehensive benefits, but the primary draw is the compensation and deal quality. For candidates targeting megafund PE exits, Evercore places more analysts into top PE firms per capita than any other bank, compounding the financial return on a grueling analyst experience.
Evercore Comp: Bucket Dispersion, Peer Comparison & Exit Math
Evercore pays at the very top of the street for junior bankers, and has done so consistently for the past decade. First-year analyst total compensation at Evercore typically runs $190,000-$230,000 all-in, with base salaries at $120,000 (a step above the bulge bracket $110,000) and year-end bonuses ranging from $70,000 for median performers to $110,000+ for top-bucket. This puts Evercore $20,000-$50,000 ahead of bulge bracket year-one comp at the median.
The reason elite boutiques pay above bulge brackets is fundamentally about revenue per banker. Evercore generates substantially higher advisory revenue per professional than the bulge brackets — there is no underwriting, no proprietary trading, no wealth management, just advisory fees split across a much smaller headcount. The boutiques also use compensation aggressively as a recruiting weapon against the bulge brackets.
Bonus stratification is intense: top-bucket Evercore analysts can earn 50-100% more than bottom-bucket peers in the same class. Group performance matters as well — restructuring analysts in 2023 and 2024 saw outsized bonuses given the deal cycle. Signing bonuses for full-time analysts have run $10,000-$20,000 in recent years.
The firm's two-and-out culture is real but evolving: Evercore has increasingly invested in analyst-to-associate retention, with structured A-to-A promotion, accelerated paths for top performers, and meaningful associate-level compensation increases (third-year analyst total comp can approach $300,000, and first-year associate comp can clear $400,000 in strong years).
Analyst Compensation
First-year analysts at Evercore earn a base salary of $110,000 with a year-end bonus of $120,000 - $170,000, bringing total first-year compensation to approximately $245,000 - $295,000. Second-year analysts earn approximately $265,000 - $320,000 total comp, rising to $290,000 - $345,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $120,000 - $170,000 | $245,000 - $295,000 |
| Analyst 2 | $125,000 | $140,000 - $195,000 | $265,000 - $320,000 |
| Analyst 3 | $135,000 | $155,000 - $210,000 | $290,000 - $345,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $200,000 | $170,000 - $250,000 | $445,000 - $525,000 |
| Associate 2 | $225,000 | $200,000 - $300,000 | $425,000 - $525,000 |
How Evercore Compares
Evercore leads the elite boutique tier alongside Centerview. Bonuses run 40-60% higher than Goldman, Morgan Stanley, and JPMorgan, and double those at Bank of America and Citi.
Benefits & Perks
Meals & Transportation
Dinner and car service for all late work
Evercore Compensation Overview
Evercore sets the compensation standard among elite boutiques, with bonuses consistently exceeding bulge bracket peers by 30-50%. The firm's pure-play advisory model means analysts receive a direct share of deal fees without dilution from trading or capital markets operations. First-year bonuses regularly reach $150K+, and top performers can approach $200K. The meritocratic culture rewards individual contributions, and face time with MDs on client meetings accelerates learning. While base salaries match the street, all-in compensation positions Evercore at the top of the market. The trade-off is intense hours and high expectations, with analysts expected to be transaction execution experts from day one. Exit opportunities into megafund private equity are unmatched.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Evercore?
First-year analysts at Evercore earn a base salary of $110,000 with a year-end bonus of $120,000 - $170,000, bringing total compensation to approximately $245,000 - $295,000.
How do Evercore bonuses compare to other Elite Boutique banks?
Evercore leads the elite boutique tier alongside Centerview. Bonuses run 40-60% higher than Goldman, Morgan Stanley, and JPMorgan, and double those at Bank of America and Citi.
Does Evercore pay overtime?
No, Evercore does not pay overtime. Compensation is structured as base salary plus discretionary year-end bonuses.
More Evercore Resources
Sources
- Evercore Campus Recruiting. Evercore (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)