Greenhill & Co. Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Greenhill & Co., 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
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Analysis
Greenhill & Co. pays first-year analysts a $110,000 base plus a $10,000 signing bonus, with total first-year compensation of roughly $223K-$265K in 2026, above all bulge brackets but below top elite boutiques like Evercore, Centerview, and Lazard.
Key facts
- First-year analysts earn a $110,000 base salary, a $10,000 signing bonus, and year-end bonuses of $85K-$120K.
- Total first-year analyst compensation runs roughly $223K-$265K in 2026, rising to $240K-$280K by AN3.
- First-year associates earn total packages of $340K-$380K.
- Greenhill sits above all bulge brackets but below top elite boutiques like Evercore, Centerview, and Lazard.
- Greenhill perks include overtime pay, meal and transportation benefits, healthcare, and 401(k) contributions.
Base & Bonus
First-year analysts start at a $110,000 base salary plus a $10,000 signing bonus. Year-end bonuses run $85K-$120K and are performance-driven. The firm's small analyst class creates direct visibility between individual deal contributions and compensation outcomes.
Total Compensation
Total first-year analyst compensation lands at roughly $223K-$265K in 2026. By AN3, total comp reaches $240K-$280K. First-year associates earn packages of $340K-$380K.
How It Compares
Greenhill pays above all bulge brackets but below the top elite boutiques like Evercore, Centerview, and Lazard. The compensation is competitive for an advisory firm and meaningfully above bulge bracket levels, with the added advantage of genuine deal responsibility and global advisory exposure. The firm's generalist model provides broad M&A experience that creates strong exit opportunities to PE and corporate development roles.
What Drives Pay
Greenhill's pure M&A advisory model means the bonus pool is largely driven by advisory fee performance, with no revenue from underwriting, trading, or asset management. The 2023 acquisition by Mizuho folded Greenhill into the Japanese bank's global advisory platform while preserving the Greenhill brand and providing a more stable funding backdrop. In strong M&A years, compensation can approach the upper end of the range. In quieter periods, the lack of revenue diversification can compress bonuses. The perks package includes overtime pay, meal and transportation benefits, healthcare, and 401(k) contributions.
Analyst Compensation
First-year analysts at Greenhill & Co. earn a base salary of $110,000 with a year-end bonus of $NaN - $NaN, bringing total first-year compensation to approximately $NaN - $NaN. Second-year analysts earn approximately $NaN - $NaN total comp, rising to $NaN - $NaN in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $NaN - $NaN | $NaN - $NaN |
| Analyst 2 | $125,000 | $NaN - $NaN | $NaN - $NaN |
| Analyst 3 | $135,000 | $NaN - $NaN | $NaN - $NaN |
* Stub bonus of $NaN - $NaN may apply for analysts starting mid-year.
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $175,000 | $NaN - $NaN | $NaN - $NaN |
| Associate 2 | $190,000 | $NaN - $NaN | $NaN - $NaN |
How Greenhill & Co. Compares
Greenhill's compensation has become more variable relative to peers like Evercore and Lazard. Pay is generally competitive with Guggenheim and Rothschild but below Moelis and PJT Partners in strong market years.
Benefits & Perks
Meals & Transportation
Dinner ordering for late nights, car service after 10pm on weekdays
Greenhill & Co. Compensation Overview
Greenhill's compensation reflects its position as an established but more selective elite boutique with global reach and restructuring expertise. The firm's deal flow can be more variable than larger peers, leading to wider bonus ranges based on annual performance. Analysts working on cross-border M&A or restructuring transactions often see stronger bonuses due to deal complexity and senior banker staffing preferences. The smaller analyst class means compensation is more directly tied to firm-wide revenue performance rather than formulaic grids. Greenhill has historically maintained a partnership-focused culture where junior bankers understand the economics of client relationships, though recent market challenges have led to more conservative bonus pools than peak years.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Greenhill & Co.?
First-year analysts at Greenhill & Co. earn a base salary of $110,000 with a year-end bonus of $NaN - $NaN, bringing total compensation to approximately $NaN - $NaN.
How do Greenhill & Co. bonuses compare to other Elite Boutique banks?
Greenhill's compensation has become more variable relative to peers like Evercore and Lazard. Pay is generally competitive with Guggenheim and Rothschild but below Moelis and PJT Partners in strong market years.
Does Greenhill & Co. pay overtime?
Yes, Greenhill & Co. does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More Greenhill & Co. Resources
Sources
- Greenhill & Co. - Careers. Greenhill & Co. (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)