Evercore Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Evercore, including base salary, bonuses, and total compensation at every level.
Figures re-verified July 2026 against 2025-26 bonus-cycle data · By the Superday AI editorial team
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$120,000
$220,000 - $250,000
$445,000 - $525,000
Analysis
Evercore pays first-year analysts about $220,000 to $250,000 for the 2025-26 cycle, third among verified payers behind Qatalyst and Centerview and roughly $40,000 above Goldman Sachs.
Key facts
- Evercore first-year analysts earn a $120,000 base salary plus an $85,000 to $115,000 year-end bonus and a $15,000 signing bonus.
- First-year analyst total compensation lands at roughly $220,000 to $250,000 for the 2025-26 cycle, with AN3 total comp reaching $265,000 to $300,000.
- First-year associate total comp runs $445,000 to $525,000 including a $75,000 signing bonus, on a $200,000 base.
- Evercore year-one totals run roughly $40,000 to $60,000 above bulge bracket packages, with the smallest gap to Goldman Sachs.
- Analysts regularly exceed 90-100 hours per week during active deal periods.
Base & Bonus
First-year analysts start at a $120,000 base salary — a step above the bulge bracket grid — with a $15,000 signing bonus. Year-end bonuses run from $85,000 to $115,000, and the structure is genuinely meritocratic, with significant differentiation between performance tiers. Top-bucket analysts can out-earn average performers by $30,000 or more, creating a performance-driven culture that attracts the most ambitious candidates on the Street.
Total Compensation
First-year total compensation reaches about $220,000 to $250,000 for the 2025-26 cycle. By AN3, total comp climbs to $265,000 to $300,000. Associates see larger numbers, with first-year total comp of $445,000 to $525,000 including a $75,000 signing bonus on a $200,000 base.
How It Compares
Evercore sits third among verified payers, behind only Qatalyst and Centerview. Its premium runs roughly $40,000 above Goldman Sachs — the top-paying bulge bracket — and $50,000 or more above Morgan Stanley, JPMorgan, 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 near the very top of the street for junior bankers, and has done so consistently for the past decade — though on verified 2025-26 cycle figures it ranks third, behind Qatalyst and Centerview. First-year analyst total compensation at Evercore runs $220,000-$250,000 all-in, with base salaries at $120,000 (a step above the bulge bracket $110,000), a $15,000 signing bonus, and year-end bonuses ranging from $85,000 for median performers to $115,000 for top-bucket. This puts Evercore roughly $40,000-$60,000 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 out-earn bottom-bucket peers in the same class by $30,000 or more. Group performance matters as well — restructuring analysts in 2023 and 2024 saw outsized bonuses given the deal cycle. Signing bonuses for full-time analysts run $15,000.
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 runs $445,000-$525,000 all-in).
Analyst Compensation
First-year analysts at Evercore earn a base salary of $120,000 with a year-end bonus of $85,000 - $115,000, bringing total first-year compensation to approximately $220,000 - $250,000. Second-year analysts earn approximately $240,000 - $275,000 total comp, rising to $265,000 - $300,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $120,000 | $85,000 - $115,000 | $220,000 - $250,000 |
| Analyst 2 | $135,000 | $105,000 - $140,000 | $240,000 - $275,000 |
| Analyst 3 | $145,000 | $120,000 - $155,000 | $265,000 - $300,000 |
Methodology: year-1 totals are base + signing + first full-year bonus for the 2025-26 cycle, compiled from self-reported data (WSO bonus threads, H1B filings, Levels.fyi, Glassdoor). Bucket spread at the same bank can run $30-50K top to bottom; figures for firms with limited public disclosures, and year 2+ and associate rows, are directional estimates.
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 ranks third among verified payers, behind Qatalyst and Centerview. Year-one totals run roughly $40K above Goldman Sachs and $50K or more above Morgan Stanley, JPMorgan, Bank of America, and Citi.
Benefits & Perks
Meals & Transportation
Dinner and car service for all late work
Evercore Compensation Overview
Evercore pays among the very best of the elite boutiques, with year-one totals running roughly $40-60K above bulge bracket peers. 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 run $85K to $115K on 2025-26 cycle figures. The meritocratic culture rewards individual contributions, and face time with MDs on client meetings accelerates learning. Base salaries sit a step above the street at $120K, and all-in compensation places Evercore among the top three verified payers, behind only Qatalyst and Centerview. 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 $120,000 with a year-end bonus of $85,000 - $115,000, bringing total compensation to approximately $220,000 - $250,000.
How do Evercore bonuses compare to other Elite Boutique banks?
Evercore ranks third among verified payers, behind Qatalyst and Centerview. Year-one totals run roughly $40K above Goldman Sachs and $50K or more above Morgan Stanley, JPMorgan, 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)