| 1999 Investment Banking Compensation | ||||||||||||||||||
| The following is based on an informal survey conducted by recruiters among members of various invesment banking departments and candidates who received offers to work in investment banking. The survey reflects compensation for 1999, and does not account for recent increases in base salaries and expected increases in bonuses for the year 2000 compensation cycle. | ||||||||||||||||||
| (US$ in thousands) | ||||||||||||||||||
| Base Salary | Bonus | Total Compensation | ||||||||||||||||
| Low | High | Average | Low | High | Average | Low | High | Average | ||||||||||
| Analysts | ||||||||||||||||||
| 1st Year | $40.0 | $42.0 | $41.0 | $24.0 | $50.0 | $37.0 | $64.0 | $92.0 | $78.0 | |||||||||
| 2nd Year | $43.0 | $45.0 | $44.0 | $32.0 | $60.0 | $46.0 | $75.0 | $105.0 | $90.0 | |||||||||
| 3rd Year | $55.0 | $70.0 | $62.5 | $50.0 | $80.0 | $65.0 | $105.0 | $150.0 | $127.5 | |||||||||
| Associates | ||||||||||||||||||
| 1st Year | $75.0 | $85.0 | $80.0 | $100.0 | $150.0 | $125.0 | $175.0 | $235.0 | $205.0 | |||||||||
| 2nd Year | $85.0 | $95.0 | $90.0 | $170.0 | $235.0 | $202.5 | $255.0 | $330.0 | $292.5 | |||||||||
| 3rd Year | $95.0 | $110.0 | $102.5 | $205.0 | $340.0 | $272.5 | $300.0 | $450.0 | $375.0 | |||||||||
| 4th Year | $100.0 | $120.0 | $110.0 | $350.0 | $550.0 | $450.0 | $450.0 | $670.0 | $560.0 | |||||||||
| Source: Pinnacle Group International | ||||||||||||||||||