Greenhill & Co. Analyst & Associate Salary

Greenhill & Co. positions its compensation within the elite boutique range, though typically at the lower end of the EB peer set, reflecting the firm's smaller revenue base and strategic positioning. First-year analysts earn a base salary of $110K with year-end bonuses in the $75K-$110K range, producing total first-year compensation of $195K-$230K. By AN3, total comp reaches $240K-$280K. These figures place Greenhill above all bulge brackets but below the top elite boutiques like Evercore, Centerview, and Lazard. The bonus structure is performance-driven, with the firm's small analyst class creating direct visibility between individual deal contributions and compensation outcomes. Associates earn first-year packages of $340K-$380K. Greenhill's compensation should be contextualized within the firm's pure M&A advisory model. The firm does not generate revenue from underwriting, trading, or asset management, which means the bonus pool is entirely driven by advisory fee performance. 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. For candidates evaluating Greenhill, the compensation is competitive for an independent 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, adding long-term career value beyond the immediate paycheck.