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.
Figures re-verified July 2026 against 2025-26 bonus-cycle data · By the Superday AI editorial team
Preparing for Greenhill & Co.? Practice with Real Questions
Master the technical and behavioral questions to maximize your chances.
$110,000
$175,000 - $205,000
$345,000 - $390,000
Analysis
Greenhill & Co. pays first-year analysts a $110,000 base plus a $10,000 signing bonus, for estimated total first-year comp of roughly $175K-$205K in the 2025-26 cycle — below top elite boutiques like Evercore, Centerview, and Lazard; limited disclosures make these ranges directional.
Key facts
- First-year analysts earn a $110,000 base salary, a $10,000 signing bonus, and estimated year-end bonuses of $55K-$85K.
- Estimated total first-year analyst compensation runs roughly $175K-$205K in the 2025-26 cycle, rising to an estimated $210K-$240K by AN3.
- First-year associates earn estimated total packages of $345K-$390K.
- Greenhill's estimated pay sits ahead of most bulge brackets but below Goldman Sachs and 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. Estimated year-end bonuses run $55K-$85K; post-acquisition comp data is thin, so these are estimates rather than verified disclosures. The firm's small analyst class creates direct visibility between individual deal contributions and compensation outcomes.
Total Compensation
Estimated total first-year analyst compensation lands at roughly $175K-$205K in the 2025-26 cycle. By AN3, estimated total comp reaches $210K-$240K. First-year associates earn estimated packages of $345K-$390K.
How It Compares
Greenhill's estimated pay runs ahead of most bulge brackets but below Goldman Sachs and top elite boutiques like Evercore, Centerview, and Lazard — closest to Guggenheim and Rothschild. Reported ranges are directional, but they remain competitive for an advisory firm, 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 — though verifiable comp disclosures have since been limited, so reported ranges are directional. In strong M&A years, compensation can approach the upper end of the estimated 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 $55,000 - $85,000, bringing total first-year compensation to approximately $175,000 - $205,000. Second-year analysts earn approximately $190,000 - $220,000 total comp, rising to $210,000 - $240,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $110,000 | $55,000 - $85,000 | $175,000 - $205,000 |
| Analyst 2 | $125,000 | $65,000 - $95,000 | $190,000 - $220,000 |
| Analyst 3 | $135,000 | $75,000 - $105,000 | $210,000 - $240,000 |
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 | $175,000 | $120,000 - $165,000 | $345,000 - $390,000 |
| Associate 2 | $190,000 | $140,000 - $185,000 | $330,000 - $375,000 |
How Greenhill & Co. Compares
Greenhill's compensation has become more variable relative to peers like Evercore and Lazard, and verifiable disclosures are limited. Estimated pay is competitive with Guggenheim and Rothschild but below Moelis and PJT Partners.
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, and post-Mizuho-acquisition comp data is thin — estimated ranges here are directional rather than precise. 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 $55,000 - $85,000, bringing total compensation to approximately $175,000 - $205,000.
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, and verifiable disclosures are limited. Estimated pay is competitive with Guggenheim and Rothschild but below Moelis and PJT Partners.
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)