Raymond James Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Raymond James, 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
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$95,000
$146,000 - $171,000
$243,000 - $280,000
Analysis
Raymond James pays first-year analysts a $95,000 base plus a $6K signing bonus and a $45K-$70K year-end bonus for $146K-$171K total in the 2025-26 cycle, lower-end middle market pay offset by a lifestyle dividend from low-cost St. Petersburg and Nashville hubs.
Key facts
- First-year analysts earn a $95,000 base salary plus a roughly $6K signing bonus.
- First-year year-end bonuses run $45K-$70K, bringing total first-year comp to about $146K-$171K for the 2025-26 cycle.
- First-year associates earn a $145,000 base, a $30,000 signing bonus, and a $68K-$105K year-end bonus for $243K-$280K total.
- Analyst base salaries progress from $95,000 in year one to $110,000 in year two and $120,000 in year three.
- Raymond James pays at the lower end of the middle market tier, below Jefferies, Houlihan Lokey, and Piper Sandler but comparable to Stifel.
Base & Bonus
First-year analysts earn a $95,000 base salary, a roughly $6K signing bonus, and a year-end bonus of $45K-$70K. Base salaries sit at the industry standard. Bonuses are discretionary and reflect individual, group, and firm-wide performance. Progression from analyst to associate is structured and transparent, with analyst base pay rising to $110,000 in year two and $120,000 in year three.
Total Compensation
Total first-year analyst compensation — base, signing, and first full-year bonus — lands at $146K-$171K for the 2025-26 cycle, solidly within the middle market range. The firm's diversified revenue base across investment banking, wealth management, and capital markets produces more consistent pay than pure advisory firms, particularly in down-market years. That stability, alongside benefits and long-term career development, anchors the comp proposition.
How It Compares
Raymond James pays at the lower end of the middle market tier, below Jefferies, Houlihan Lokey, and Piper Sandler but comparable to Stifel. Total pay also trails bulge bracket and elite boutique levels. The firm has been proactive in adjusting compensation to attract candidates from a national talent pool, leaving it competitively positioned against other regional and middle market banks.
The Lifestyle Dividend
The headline numbers understate the package. The St. Petersburg and Nashville locations carry significantly lower costs of living than New York, and the firm's culture generally provides more predictable hours than the most intense Wall Street environments. For candidates who weigh total quality of life alongside pay, that lifestyle dividend makes the offer more attractive than the figures alone suggest.
Analyst Compensation
First-year analysts at Raymond James earn a base salary of $95,000 with a year-end bonus of $45,000 - $70,000, bringing total first-year compensation to approximately $146,000 - $171,000. Second-year analysts earn approximately $165,000 - $190,000 total comp, rising to $182,000 - $210,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $95,000 | $45,000 - $70,000 | $146,000 - $171,000 |
| Analyst 2 | $110,000 | $55,000 - $80,000 | $165,000 - $190,000 |
| Analyst 3 | $120,000 | $62,000 - $90,000 | $182,000 - $210,000 |
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 | $145,000 | $68,000 - $105,000 | $243,000 - $280,000 |
| Associate 2 | $160,000 | $85,000 - $122,000 | $245,000 - $282,000 |
How Raymond James Compares
Raymond James pays at the lower end of the middle market tier, below Jefferies, Houlihan Lokey, and Piper Sandler but comparable to Stifel. The firm's culture and work-life balance provide significant non-monetary value.
Benefits & Perks
Meals & Transportation
Dinner expense reimbursement when working late, car service in major offices after 9pm
Raymond James Compensation Overview
Raymond James' compensation reflects its positioning as a diversified financial services firm with a significant wealth management business complementing investment banking. The firm's middle market M&A practice emphasizes relationship-driven advisory and sustainable compensation rather than maximum pay. Analysts benefit from working in a collaborative, client-centric culture with reasonable hours and strong mentorship. The firm's regional presence and smaller deal sizes mean junior bankers gain significant client exposure and transaction responsibility earlier than at larger banks. Bonuses are tied to group profitability and individual contribution, with the firm's conservative culture leading to more stable if lower compensation than aggressive peers. Total comp figures reflect base salary plus signing bonus plus the first full-year bonus. Raymond James attracts candidates who prioritize culture, development, and work-life balance over maximum compensation.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Raymond James?
First-year analysts at Raymond James earn a base salary of $95,000 with a year-end bonus of $45,000 - $70,000, bringing total compensation to approximately $146,000 - $171,000.
How do Raymond James bonuses compare to other Middle Market banks?
Raymond James pays at the lower end of the middle market tier, below Jefferies, Houlihan Lokey, and Piper Sandler but comparable to Stifel. The firm's culture and work-life balance provide significant non-monetary value.
Does Raymond James pay overtime?
Yes, Raymond James does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More Raymond James Resources
Sources
- Raymond James - Careers. Raymond James (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)