LionTree Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at LionTree, 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
LionTree pays first-year analysts roughly $254K to $302K in total 2026 compensation, with merchant banking upside setting its pay apart from pure advisory boutiques.
Key facts
- First-year analysts earn a $110,000 base salary plus a $12,000 signing bonus.
- First-year year-end bonuses run $110K to $150K, producing total first-year compensation of roughly $254K to $302K in 2026.
- Second-year analysts move to a $125,000 base with total comp of $250K to $290K, and third-years to a $135,000 base with $270K to $310K.
- First-year associates earn a $190,000 base, a $60,000 signing bonus, and $160K to $210K year-end bonuses for $410K to $460K total.
- LionTree pays overtime and a $22K to $30K stub bonus to first-year analysts.
Base & Bonus
First-year analysts start at a $110,000 base salary plus a $12,000 signing bonus. Year-end bonuses run $110K to $150K, with a $22K to $30K stub bonus on top. The base climbs to $125,000 in year two and $135,000 in year three, and the firm pays overtime.
Total Compensation
Total first-year compensation lands at roughly $254K to $302K in 2026. Year two totals $250K to $290K and year three reaches $270K to $310K. First-year associates earn $410K to $460K on a $190,000 base, a $60,000 signing bonus, and $160K to $210K year-end bonus, with second-year associates at $385K to $435K.
How It Compares
LionTree pays competitively with top-tier elite boutiques like Moelis and PJT Partners. Compensation exceeds most other sector-focused boutiques and approaches Qatalyst levels in strong years. The pay is attractive relative to middle market peers and competitive with bulge brackets, though it may not consistently match the absolute top payers among pure advisory elite boutiques.
What Drives Pay
Bonuses are discretionary, tied to overall firm performance and individual contribution. What sets LionTree apart is merchant banking investment upside, which can add financial benefits for more senior bankers beyond traditional advisory fees. Year-over-year consistency depends on media sector deal flow, which can be lumpy given the large-scale, transformative transactions LionTree typically advises on.
Analyst Compensation
First-year analysts at LionTree 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 | $190,000 | $NaN - $NaN | $NaN - $NaN |
| Associate 2 | $205,000 | $NaN - $NaN | $NaN - $NaN |
How LionTree Compares
LionTree pays competitively with top-tier elite boutiques like Moelis and PJT Partners, with potential merchant banking upside creating differentiation. Compensation exceeds most other sector-focused boutiques and approaches Qatalyst levels in strong years.
Benefits & Perks
Meals & Transportation
Unlimited meal delivery, car service after 8pm, premium office amenities
LionTree Compensation Overview
LionTree's compensation structure reflects its hybrid advisory and merchant banking model, with junior bankers benefiting from the firm's focus on high-growth TMT sectors and founder-led companies. The firm's unique business model combining M&A advisory with principal investing creates upside potential beyond traditional banking compensation. Analysts work on transformative media, technology, and telecom transactions while gaining exposure to LionTree's merchant banking portfolio. The firm's culture emphasizes entrepreneurial thinking and long-term value creation, with compensation philosophies that reward both deal execution and strategic thinking. LionTree's selective hiring and small team structure mean individual performance has outsized impact on year-end outcomes, particularly for those contributing to high-profile advisory mandates.
Frequently Asked Questions
What is the total compensation for a first-year analyst at LionTree?
First-year analysts at LionTree earn a base salary of $110,000 with a year-end bonus of $NaN - $NaN, bringing total compensation to approximately $NaN - $NaN.
How do LionTree bonuses compare to other Elite Boutique banks?
LionTree pays competitively with top-tier elite boutiques like Moelis and PJT Partners, with potential merchant banking upside creating differentiation. Compensation exceeds most other sector-focused boutiques and approaches Qatalyst levels in strong years.
Does LionTree pay overtime?
Yes, LionTree does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More LionTree Resources
Sources
- LionTree - Careers. LionTree (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)