Oppenheimer & Co. Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Oppenheimer & 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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$100,000
$151,000 - $176,000
$255,000 - $295,000
Analysis
Oppenheimer & Co. pays first-year analysts a $100K base plus a $45K-$70K year-end bonus and $6K signing bonus, for total first-year compensation of about $151K-$176K in 2026.
Key facts
- First-year analysts earn a $100K base salary, a $45K-$70K year-end bonus, and a $6K signing bonus, totaling roughly $151K-$176K in 2026.
- Total associate compensation at Oppenheimer ranges from $170K-$220K.
- Oppenheimer bonuses run 45-55% below Goldman Sachs and JPMorgan, and 35-45% below Bank of America and Citi.
- Bonuses are tied to both individual performance and firm-wide revenue, with healthcare and technology groups generating stronger bonus pools in active deal years.
- Oppenheimer sits in the middle-market tier, comparable to Truist and smaller regional banks.
Base & Bonus
First-year analysts start at a $100K base salary, a year-end bonus of roughly $45K-$70K, and a $6K signing bonus. Bonus size depends on both individual performance and firm-wide revenue. Healthcare and technology groups typically generate stronger bonus pools during active deal years, so group placement affects the payout.
Total Compensation
Total first-year analyst compensation lands around $151K-$176K in 2026. Associate compensation rises to $170K-$220K in total. The trajectory favors associates who develop deep client relationships in Oppenheimer's core sectors. Benefits include standard health insurance, 401(k) matching, and meal stipends during busy periods.
How It Compares
Oppenheimer sits in the middle-market tier, comparable to Truist and smaller regional banks. Bonuses run 45-55% below Goldman Sachs and JPMorgan, and 35-45% below Bank of America and Citi. These figures sit below the highest-paying middle-market firms.
What You Get Instead
Oppenheimer's full-service model gives analysts broader exposure across advisory, capital markets, and occasionally research and trading than a pure advisory boutique would. The smaller team size creates a less structured but potentially faster promotion path for high performers, along with the visibility that comes with it. For candidates who value breadth of experience, direct access to senior bankers, and a less pressure-cooker environment, the firm offers a reasonable trade-off between compensation and quality of professional life.
Analyst Compensation
First-year analysts at Oppenheimer & Co. earn a base salary of $100,000 with a year-end bonus of $45,000 - $70,000, bringing total first-year compensation to approximately $151,000 - $176,000. Second-year analysts earn approximately $175,000 - $200,000 total comp, rising to $195,000 - $225,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $100,000 | $45,000 - $70,000 | $151,000 - $176,000 |
| Analyst 2 | $115,000 | $60,000 - $85,000 | $175,000 - $200,000 |
| Analyst 3 | $125,000 | $70,000 - $100,000 | $195,000 - $225,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $150,000 | $80,000 - $120,000 | $255,000 - $295,000 |
| Associate 2 | $175,000 | $100,000 - $150,000 | $275,000 - $325,000 |
How Oppenheimer & Co. Compares
Oppenheimer sits in the middle-market tier, comparable to Truist and smaller regional banks. Bonuses run 45-55% below Goldman and JPMorgan, and 35-45% below Bank of America and Citi.
Benefits & Perks
Meals & Transportation
Meal support, transportation allowance
Oppenheimer & Co. Compensation Overview
Oppenheimer & Co. offers middle-market compensation reflecting its position as an independent full-service firm. Base salaries and bonuses are modestly below larger middle-market banks, but the firm's boutique culture and integrated platform provide unique learning opportunities. Oppenheimer's strength in equity capital markets and middle-market M&A means analysts in these groups can see bonuses at the higher end of ranges. The firm's wealth management arm provides distinctive exit pathways beyond traditional banking. Analysts value the firm's entrepreneurial culture and direct access to senior bankers. While compensation lags larger banks, the quality of mentorship and work-life balance make Oppenheimer attractive for analysts prioritizing development over pure compensation.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Oppenheimer & Co.?
First-year analysts at Oppenheimer & Co. earn a base salary of $100,000 with a year-end bonus of $45,000 - $70,000, bringing total compensation to approximately $151,000 - $176,000.
How do Oppenheimer & Co. bonuses compare to other Middle Market banks?
Oppenheimer sits in the middle-market tier, comparable to Truist and smaller regional banks. Bonuses run 45-55% below Goldman and JPMorgan, and 35-45% below Bank of America and Citi.
Does Oppenheimer & Co. pay overtime?
Yes, Oppenheimer & Co. does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More Oppenheimer & Co. Resources
Sources
- Oppenheimer & Co. - Careers. Oppenheimer & 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)