Gain Free Access to the WallStreetOasis.com Full 108-Page Report The Annual HERE Compensation Report: 2013

the wall street oasis annual compensation report: 2013 Section One: Gain Free 7 | Company Classification 15 | Total Compensation per Type 32 | Total Base PayAccess per Location to the 8 | Company Distribution 16 | Total Compensation per Bank Type 34 | Average Bonus 8 | Distribution by Position 18 | Average Base Pay 34 | Median BonusFull 108-Page 8 | Distribution by Bank Type 19 | Median Base Pay 35 | Total Bonus by per LocationReport 9 | Distribution By Location 20 | Total Base Pay per Bank Type 37 | Compensation by LocationHERE 10 | Distribution by Division 21 | Total Base Pay per Bank Type 37 | Average Total Compensation 23 | Average Bonus 11 | Compensation by Position 38 | Median Total Compensation 24 | Median Bonus 11 | Average Total Compensation 39 | Average Base Pay 25 | Total Bonus per Bank Type 11 | Median Total Compensation 40 | Median Base Pay 26 | Total Bonus per Bank Type 11 | Average Base Pay 41 | Average Bonus 11 | Median Base Pay 28 | Compensation by Bank Type 42 | Median Bonus 12 | Average Bonus 28 | Average Total Compensation 45 | Compensation by Employer 12 | Median Bonus 28 | Median Total Compensation 43 | Total Compensation per Bank Type 29 | Total Compensation per Location 13 | Compensation by Division 44 | Average Base Pay per Bank Type table of contents table 31 | Average Base Pay 13 | Average Total Compensation 45 | Average Bonus per Bank Type 31 | Median Base Pay 14 | Median Total Compensation

Section Two: Hedge Funds

47 | Company Classification 51 | Average Bonus 58 | Meidan Bonus 48 | Company Distribution 51 | Median Bonus 59 | Total Bonus 48 | Distribution by Position 13 | Compensation by Company Group 61 | Compensation By Location 48 | Distribution by Company Group 52 | Average Total Compensation 61 | Average Total Compensation 49 | Distribution By Location 52 | Median Total Compensation 62 | Median Total Compensation 50 | Compensation by Position 53 | Total Compensation per Location 63 | Average Base Pay 50 | Average Total Compensation 55 | Average Base Pay 64 | Median Base Pay 50 | Median Total Compensation 55 | Median Base Pay 65 | Average Bonus by Location 50 | Average Base Pay 56 | Total Base Pay per Location 66 | Median Bonus by Location 50 | Median Base Pay 58 | Average Bonus

the wall street oasis annual compensation report: 2013 Section Three: Private Equity/Venture Capital Gain Free 68 | Company Classification 72 | Average Bonus 77 | Meidan BonusAccess to the 69 | Company Distribution 72 | Median Bonus 78 | Total Bonus perFull Location 108-Page 69 | Distribution by Position 73 | Compensation by Company Group 79 | Compensation by Location 69 | Distribution by Company Group Report 73 | Average Total Compensation 79 | Average Total Compensation 70 | Distribution By Location 73 | Median Total Compensation 80 | Median Total CompensationHERE 71 | Compensation by Position 74 | Total Compensation per Location 81 | Average Base Pay 71 | Average Total Compensation 75 | Average Base Pay 82 | Median Base Pay 71 | Median Total Compensation 75 | Median Base Pay 83 | Average Bonus 71 | Average Base Pay 76 | Total Base Pay per Location 84 | Median Bonus 71 | Median Base Pay 77 | Average Bonus table of contents table Section Four: Management Consulting

86 | Company Classification 91 | Compensation by Company Group 101 | Median Total Compensation 87 | Company Distribution 91 | Average Total Compensation 102 | Average Base Pay 87 | Distribution by Position 91 | Median Total Compensation 103 | Median Base Pay 87 | Distribution by Company Group 92 | Total Compensation per Location 104 | Average Bonus 88 | Distribution By Location 94 | Average Base Pay 105 | Median Bonus 94 | Median Base Pay 89 | Compensation by Position 106 | Compensation by Employer 95 | Total Base Pay per Location 89 | Average Total Compensation 106 | Average Total Compensation 97 | Average Bonus 89 | Median Total Compensation 107 | Average Base Pay 97 | Meidan Bonus 89 | Average Base Pay 108 | Average Bonus 98 | Total Bonus 89 | Median Base Pay 90 | Average Bonus 100 | Compensation by Location 90 | Median Bonus 100 | Average Total Compensation

the wall street oasis annual compensation report: 2013 Below is a partial list of firms included in order to compile this report. In order to ensure realistic compensation data in the Management Consulting, Private Equity/Venture CapitalGain Free and Hedge Fund sections, firms which have a joint classification as “Investment ”Access were to the excluded. The list below is not comprehensive based on the data used in the report. FirmsFull that 108-Page had less than three compensation contributions were excluded in order to ensure anonymity.Report HERE Investment Ernst & Young LLP Thomas McKinsey and Co Robert W. Baird & Co. Banking Evercore National Bank Financial Tudor Pickering Mesirow Sequoia Capital Group Holt and Co Navigant Capital Susquehanna Banco Navigant Capital UBS AG Advisors International Group Green Manning & Advisors Bunch, Ltd. Wedbush NERA Economic Tailwind Capital Lynch Nomura Holdings Consulting Greenhill Wells Fargo and Capital Oppenheimer Company Oliver Wyman Harris Williams & Co. BB&T Hedge Funds Perella William Blair Prudential Harvey & Company Blackstone Group Piper Russell Investments 12% Distressed Reality Houlihan BMO Capital Markets Fund PNC Financial Services Teneo Hovde Management BNP Paribas 1861 Capital PricewaterhouseCoopers Towers Watson HSBC Consulting Brown Brothers BlackRock Prudential ZS Associates

D F IRM S R E PR ESENTE Harriman J.P. Turner & Company A.T. Kearney Blackstone Group LLC Raymond James Canaccord Financial Inc. Accenture Booz Allen Hamilton Jefferies & Company Chaffe Private Equity/ RBC Capital Market Amazon Bridgewater Jones Lang LaSalle China International Capital Venture Capital Robert W. Baird & Co. Bain & Company Cambridge Associates Corporation JPMorgan Chase Roth Capital Partners Bates White Abbott Capital Citadel Investment CIBC World Markets KeyBanc Economic Consulting Group Rothschild American Capital Citadel Investment KPMG Corporate Booz & Company D.E. Shaw Group Finance Royal Bank of Bank of America Scotland Booz Allen Hamilton Merrill Lynch Fidelity Investments Lazard Sagent Boston Consulting Bessemer Venture Pacific Investment Cowen Group Lazard Middle Market Group Partners Management Company Scotiabank Credit Lincoln International Cambridge Associates Blackstone Group PIMCO Societe Macquarie Group Limited Capgemini China International Putnam Investments ABN Stifel Capital Corporation Crosstree Capital Deloitte State Street Partners Mesirow SunTrust Robinson Fortress Investment Corporation Humphrey FTI Consulting Group Davidson Companies Mizuho Wellington TD Securities IBM JPMorgan Chase Management Moelis ThinkEquity LEK Consulting Mizuho Duff & Phelps Morgan Keegan

the wall street oasis annual compensation report: 2013 What is Wall Street Oasis (WSO)? Disclaimer Wall Street Oasis is one of the largest and most entertaining Gain Free Please be advised that the data gathered in this report was finance communities online with over 4 million page views submitted by professionals on aAccess voluntary basis and to without the per month and 130,000 registered members. consultation of their respectiveFull employers 108-Page mentioned herein. Although all compensation data is screened for outliers and How was the compensation data gathered? obvious mistakes, Wall Street Oasis cannotReport guarantee the validity of the information presented in this report. The data gathered for this report was strictly submitted by The information is provided free of charge and none of the thousands of members on a voluntary basis since the start HERE firms or anyone else connected to Wall Street Oasis in any way of 2012. Individual submissions are anonymous and kept whatsoever can be responsible for inaccurate information strictly confidential. No personal data is required to submit submitted by third parties to our Company Database platform. data and it is used on an aggregated basis only. faq / notes faq This report is strictly copyrighted and should not be distributed in any form without the express written consent of How reliable is the data? WallStreetOasis.com. Each and every submission is reviewed for validity as well The majority of the compensation data included in as obvious mistakes or typos. WSO cannot guarantee the this report was collected in 2012 and is associated with validity of the information presented. However, due to the compensation levels in 2012. anonymous nature of the report, the scope of participation (1,000s of entries) and voluntary nature of the submissions, we are confident the report presents an accurate snap-shot The circle at left represents of compensation across a wide range of industries. the relative size of $100K in all following graphics in which What currency is used? 100K dollar amounts are represented inside circles unless otherwise The data is all reported in US Dollars. All contributors are noted in the margin to the left. asked to convert their compensation into dollars upon submission.

Why don’t I see my firm in the list? Many cells within the following tables contain N/As, which indicate there were 3 or less If there were less than three submissions for a specific firm, entries for that cell. However, tables with many we left this data out from the list so as to protect the identity N/As were still included since other cells within them have of our contributors. These submissions, however, were used sufficient data and provide interesting data points in the aggregate data tables.

When did you stop collecting data? Annual compensation for interns (summer analysts and This report includes data submitted up until December 31, summer associates) was calculated using this formula: 2012 for compensation received in 2011 or 2012. Annual Base Pay + (Cash Bonus + Non-Cash Bonus) where Annual Base Pay = Hourly_Rate x # of Work Hours Per week x 48 (weeks)

the wall street oasis annual compensation report: 2013 Gain Free Access to the Full 108-Page Report Section 1 HERE Investment Banking

the wall street oasis annual compensation report: 2012 There were a total of 2331 recipients for Investment Banking Compensation. The list below shows how firms were classified into “Bank Type” categories. These categories will be used throughoutGain Freethis section in order to try and differentiate compensation across different types of firms.Access The list below to is the not comprehensive based on the data used in the report. Firms that had less than three Fullcompensation 108-Page contributions were excluded in order to ensure anonymity. Report HERE Bulge Bracket Other Large Banks Notable Boutiques/MM Firms

Bank of America Merrill Lynch BNP Paribas BB&T Moelis Barclays Capital CIBC World Markets Blackstone Group Morgan Keegan Citigroup Credit BMO Capital Markets Oppenheimer Credit Suisse HSBC Cowen Group Perella Deutsche Bank Macquarie Group Limited ABN Duff & Phelps Piper Goldman Sachs Nomura Holdings Evercore Raymond James Financial Inc. JPMorgan Chase Societe Greenhill RBC Capital Market Morgan Stanley TD Securities Harris Williams & Co. Robert W. Baird & Co.

i on any class i f cat UBS AG Houlihan Rothschild Wells Fargo and Company Jefferies & Company Royal Bank of Scotland KeyBanc Sagent Lazard SunTrust Robinson Humphrey Lincoln International William Blair co mp

Section 1 Investment Banking the wall street oasis annual compensation report: 2013 There were a total of 2,331 submissions for investment banking compensation. Please refer to the following graphics and tables for the breakdown. Gain Free Access3.4% to the % % Interns/ % Distribution by Position 5.7 Full3.7 108-PageSummer 2.7 Assoc. 3 Assoc.Report 1 Associate Assoc. 2 HERE % % 9.2% 8.7% .9% % 11 Managing 21.6 2nd Year Other 26.7 3rd Year+ Director 1st Year Analyst Analyst Interns/Summer Analyst Analyst

3.6% 2.8% 623 503 258 215 204 132 85 83 80 63 64 21 2331 Assoc. 0 Vice Interns/ 1st Year 3rd Year+ 2nd Year Other Associate 3 Associate 1 Associate 0 Interns/ Associate 2 Vice Managing Total Number Pres. Summer Analyst Analyst Analyst Summer President Director of Participants Analyst Associate RI B U T I ON ANT DI ST

Distribution by Bank Type T I C IP Interns / Interns / 1st Year 2nd Year 3rd Year+ Associate Associate Associate Associate Vice Managing Other Summer Summer Analyst Analyst Analyst 0 1 2 3 President Director Analyst Associate A R Bulge Bracket 382 58 297 104 125 38 28 27 60 45 8 89 P Other Large Banks 43 3 40 19 18 5 10 6 6 3 4 21

Notable Boutiques / MM Firms 67 8 111 48 62 8 17 6 21 6 2 9

Other MM / Boutiques / Non-IB 131 11 55 44 53 32 30 24 45 10 7 85

% % 7.6 % % Other 22.6 15.7 Large 54.1 Notable Other MM/Boutiques/ Boutiques/ Banks Bulge Bracket Non IB-Focused MM Firms Section 1 Investment Banking the wall street oasis annual compensation report: 2013 Note: The Top 10 cities with the most submissions are included in the table below. The rest are included Distribution By Location in the ‘Others’ category. Entries that did not select a location wereGain placed in the ‘NotFree Specified’ category. Access to the Interns / Interns / 1st Year 2nd Year 3rd Year+ Associate Associate Associate Associate Vice Managing Other Summer Summer Analyst Analyst Analyst 0 1 2 3 PresidentFullDirector 108-Page Analyst Associate Report Boston 11 2 7 3 2 2 1 1 4 1 1 5

Charlotte 12 1 11 3 6 1 3 n/a 2 1 n/a HERE2

Chicago 16 4 20 3 19 4 5 5 8 4 n/a 7

Hong Kong 14 n/a 6 4 3 n/a n/a n/a 2 3 n/a 4

Houston 15 3 21 3 7 3 2 1 1 1 n/a 9

London 32 3 59 25 16 4 4 1 3 6 1 7

Los Angeles 15 n/a 12 4 8 1 4 1 6 n/a n/a 5

New York 259 41 197 87 116 43 35 34 65 38 16 46

RI B U T I ON ANT DI ST San Francisco 20 2 13 6 8 3 5 2 1 n/a n/a 2

Toronto 21 5 17 6 5 4 4 2 4 n/a n/a 9

Others 190 17 120 57 59 18 11 14 30 10 2 107

Not Specified 18 2 20 14 9 n/a 11 2 6 n/a 1 1 T I C IP

A R 3.3% 977 635 Toronto New York Others P 6.9% 1.5% % London Hong Kong 27.2 2.7% 161 95 Other San Fran. % 1.7 London Chicago Boston 4.1% 84 77 Chicago Not Spec. Toronto 3.6% % Not Spec % 1.8 2.4 Charlotte LAX 66 62 % Houston San Fran. % 41.9 1 New York 2.8% Atlanta 56 42 Houston Los Angeles Charlotte 40 36 Section 1 Boston Hong Kong Investment Banking the wall street oasis annual compensation report: 2013 Distribution by Division Gain Free Access to the Interns / Interns / 1st Year 2nd Year 3rd Year+ Associate Associate Associate Associate Vice Managing Other Summer Summer Analyst Analyst Analyst 0 1 2 3 PresidentFullDirector 108-Page Analyst Associate Report AM/PWM 53 11 12 6 11 3 1 3 13 3 n/a 27

Capital Market 28 3 20 7 8 2 3 4 4 4 n/a HERE3

Equity Research 33 9 11 10 9 3 12 8 9 6 3 8

Generalist 156 19 144 76 87 26 21 9 27 13 3 21

Industry 51 10 57 27 26 11 6 8 10 5 3 13

Lev Fin / Sponsors 4 1 7 3 3 2 n/a 1 1 n/a 1 n/a

M&A 32 4 36 15 25 5 4 2 5 4 1 3

S&T 58 6 45 6 12 6 2 4 11 5 4 14

RI B U T I ON ANT DI ST Other 173 15 149 54 66 24 23 22 44 23 5 112

Not Specified 35 2 22 11 11 1 13 2 8 1 1 3

T I C IP 5.8% 4.7% M&A Not Spec A R

P 1% % % % Lev Fin/ % 9.7 7.4 6.1 Sponsors % AM/ 30.5 25.8 Industry S&T Generalist PWM Other

5.2% 3.7% Equity Capital Market Research Excluding the interns and Other/Not Specified categories, the majority of the submissions are from Generalists, M&A, S&T and Industry specific groups. Section 1 Investment Banking the wall street oasis annual compensation report: 2013 Gain Free Access to the Full 108-Page Report Section 2 HERE Hedge Funds

the wall street oasis annual compensation report: 2012 There were a total of 193 recipients for Hedge Funds Compensation. The list below shows how represented firms in the Hedge Fund section fit into the “Company Group,” categories of Gain“Mega Funds”Free and “Notable Hedge Fund Firms.” All other firms fall into the “Other HF Firms” CompanyAccess Group. The to the list below is not comprehensive based on the data used in the report. Firms that had lessFull than three 108-Page compensation contributions were excluded in order to ensure anonymity. Report

Mega Funds Notable Hedge Fund Firms HERE

BlackRock 12% Distressed Reality Fund Blackstone Group 1861 Capital Fidelity Investments Booz Allen Hamilton Pacific Investment Management Bridgewater Company PIMCO Cambridge Associates Pioneer Investments Citadel Investment Group Putnam Investments D.E. Shaw State Street Corporation Wellington Management i on any class i f cat co mp

Section 2 Hedge Funds the wall street oasis annual compensation report: 2013 There were a total of 193 recipients for Hedge Fund Compensation. Please refer to the following tables for the breakdown. Gain Free Access to the % % Distribution by Position Full8.3 108-Page2.1 ReportOther Principal HERE % % 17.1% 15.5% 11.9% 22.3 19.7 Senior Associate Senior Analyst Interns Associate Analyst

38 43 23 30 33 6 4 16 193 3.1% Analyst Interns Senior Associate Senior Vice Principal Other Total Number Vice Analyst Associate President of Participants President RI B U T I ON ANT DI ST

Distribution by Company Group T I C IP

Interns Analyst Senior Associate Senior Vice Principal Other Analyst Associate President A R Mega Funds 19 29 6 10 12 2 2 3 P Notable Hedge Fund Firms 15 11 10 19 17 3 2 11

Other HH Firms 4 3 7 1 4 1 n/a 2

% 43.0% 11.4% 45.6 Other Notable Hedge Fund Firms Mega Funds HH Firms Section 2 Hedge Funds the wall street oasis annual compensation report: 2013 Note: Submissions that did not fall in a specified division were placed in the Distribution By Location ‘Others’ category. Responses that failed to identify a specific division were put under ‘Not Specified’. Please seeGain sample sizes in distributionFree table on Access to the

Interns Analyst Senior Associate Senior Vice Principal Other Full 108-Page Analyst Associate President Report Boston 6 2 2 4 3 1 n/a 2

Chicago 1 1 4 2 n/a n/a n/a n/a HERE

London 1 2 n/a 1 n/a n/a n/a n/a

Los Angeles 1 2 1 n/a n/a n/a 1 n/a

New York 12 19 5 4 8 5 n/a 2

Newport Beach 1 3 1 1 2 n/a n/a n/a

San Francisco 1 2 1 2 1 n/a n/a 1

Washington DC 1 n/a n/a 4 5 n/a 1 1

RI B U T I ON ANT DI ST Others 13 9 8 9 12 n/a 2 9

Not Specified 1 3 1 3 2 n/a n/a 1 T I C IP

A R 3.3% % Toronto 2.1

P London 20 8 4.2% Boston Chicago % San Fran 32.1 1.7% 4 5 Other Boston 4.2% London Los Angeles Newport % Beach 4.2 Chicago % 55 8 % 6.2 New York Newport 2.6 Wash D.C. Beach LAX % % 28 5.7 New York 8 12 Not Spec. San Francisco Washington 2.8% DC Houston 62 11 Others Not Specified Section 2 Hedge Funds the wall street oasis annual compensation report: 2013 Gain Free Access to the Full 108-Page Report Section 3 HERE Private Equity/ Venture Capital

the wall street oasis annual compensation report: 2012 There were a total of 137 recipients for Private Equity/Venture Capital Compensation. The list below shows how represented firms in the Private Equity/Venture Capital section fit into the “CompanyGain Free Group,” categories of “PE/VC Giants” and “Remarkable PE/VC Firms.” All other firms fall into theAccess “Other PE/VC to the Firms” Company Group. The list below is not comprehensive based on the data used in Fullthe report. 108-Page Firms that had less than three compensation contributions were excluded in order to ensure anonymity.Report HERE PE/VC Giants Remarkable PE/VC Firms

American Capital Abbott Capital Bank of America Merrill Lynch Bessemer Venture Partners Blackstone Group Sequoia Capital Fortress Investment Group JPMorgan Chase Mizuho Robert W. Baird & Co. Susquehanna International Group i on any class i f cat co mp

Section 3 Private Equity/VC the wall street oasis annual compensation report: 2013 There were a total of 137 recipients for Private Equity/Venture Capital Compensation. Please refer to the following tables for the breakdown. Gain Free Access to the % % Distribution by Position Full7.3 108-Page.7 ReportOther Principal HERE 32.9% 23.4% 16.8% 15.3% Analyst Intern Associate Senior Associate

32 45 23 21 5 1 10 137 3.7% Intern Analyst Associate Senior Vice Principal Other Total Number Vice President Associate President of Participants RI B U T I ON ANT DI ST

Distribution by Company Group T I C IP Intern Analyst Associate Senior Vice Principal Other Associate President A R PE/VC Giants 17 16 8 5 4 1 5 P Remarkable PE/VC Firms 6 18 8 11 1 n/a 3

Other PE/VC Firms 9 11 7 5 n/a n/a 2

40.9% 34.3% 24.8% PE/VC Giants Remarkable PE/VC Firms OtherPE/VC Firms Section 3 Private Equity/VC the wall street oasis annual compensation report: 2013 page 10. Distribution By Location Note: Shows 5 cities with the most number of submissions per Bank Type.Gain Free Access to the Intern Analyst Associate Senior Vice Principal Other Full 108-Page Associate President Report Bala Cynwyrd 1 n/a n/a n/a n/a n/a 3 Boston 1 4 1 3 n/a n/a n/a HERE Chicago n/a 1 2 5 1 n/a 1

London n/a 3 2 1 n/a n/a n/a

New York 9 9 6 5 4 n/a 1

San Francisco 1 1 3 2 n/a n/a n/a

Others 20 23 6 4 n/a 1 4

Not Specified n/a 4 3 1 n/a n/a 1 RI B U T I ON ANT DI ST

4 9 T I C IP % 4.4 Bala Cynwyrd Boston London 10 6 A R % 5.1% % Chicago London P 42.3 San Fran 6.6 Other 2.9% Boston 34 7 % Bala 7.3 Cynwyrd New York San Francisco Chicago 58 9 24.8% Others Not Specified 6.6% New York Not Spec.

Section 3 Private Equity/VC the wall street oasis annual compensation report: 2013 Gain Free Access to the Full 108-Page Report Section 4 HERE Management Consulting

the wall street oasis annual compensation report: 2012 There were a total of 525 recipients for Management Consulting Compensation. The list below shows how represented firms in the Management Consulting section fit into the “Company Group,”Gain categories Free of “Major Firms” and “Other Notable Firms.” All other firms fall into the “Others” CompanyAccess Group. to the Full 108-Page Report Major Firms Other Notable Firms HERE Bain & Company Accenture Boston Consulting Group Booz & Company McKinsey and Co Deloitte Oliver Wyman i on any class i f cat co mp

Section 4 Management Consulting the wall street oasis annual compensation report: 2013 There were a total of 525 recipients for Management Consulting Compensation. Please refer to the following tables for the breakdown. Gain Free Access to the % % Distribution by Position Full7.4 108-Page.4 ReportOther Principal HERE 34.9% 22.5% 17.0% 15.1% Business Analyst Consultant Associate Interns

79 183 89 118 15 2 39 525 2.9% Interns Business Associate Consultant Manager Principal Other Total Number Manager Analyst of Participants RI B U T I ON ANT DI ST

Distribution by Company Group T I C IP Interns Business Associate Consultant Manager Principal Other Analyst A R Major Firms 13 57 16 18 5 1 n/a P Other Notable Firms 39 80 28 65 9 n/a 30

Others 27 46 45 35 1 1 9

47.8% 31.2% 21.0% Other Notable Firms Others Major Firms Section 4 Management Consulting the wall street oasis annual compensation report: 2013 Distribution By Location Note: Submissions that did not fall under any of the listed cities were placed in the ‘Others’ Gain Free Access to the Interns Business Associate Consultant Manager Principal Other Full 108-Page Analyst Report Atlanta 3 8 3 5 n/a 1 n/a Boston 1 9 7 6 n/a n/a 2 HERE Chicago 6 16 12 16 1 n/a 5

Houston 3 11 1 4 n/a n/a 1

London 1 3 4 5 3 n/a 4

Los Angeles 1 5 3 6 n/a n/a 1

New York 14 40 20 24 5 1 10

San Francisco 3 7 3 1 1 n/a 1

Toronto 5 4 1 3 1 n/a 2 RI B U T I ON ANT DI ST Washington DC 3 13 6 14 2 n/a n/a

Others 39 55 25 32 2 n/a 13

Not Specified n/a 12 4 2 n/a n/a n/a T I C IP

A R % 3.8% 20 25 3.1 London Atlanta Boston

P Toronto % % 56 20 32 3.1 % Chicago Houston San Fran 4.8 Other Boston % 20 16 10.7 London Los Angeles Chicago % % 7.2 3.1 Wash DC LAX 114 16 % New York San Francisco 3.4% 21.7 Not Spec. New York % 3.8% 16 38 3.8 Atlanta Houston Toronto Washington DC 166 18 Section 4 Others Not Specified Management Consulting the wall street oasis annual compensation report: 2013