Morgan Stanley pays an Analyst a median base salary of $110,000 and an Associate $175,000 in US H-1B filings by Morgan Stanley & Co. LLC from January 2025 to June 2026. Vice Presidents are filed at $225,000, Executive Directors at $300,000 and Managing Directors at $400,000. Firm-wide, Morgan Stanley's 2026 proxy puts its median employee's 2025 total pay at $136,396.

Where the numbers come from. Base salaries are from 213 Associate, 122 Vice President and other public US Department of Labor filings by Morgan Stanley & Co. LLC, worked out in code. H-1B filings show base salary only: no bonus, signing bonus, profit sharing or benefits. Bonus figures come from the dated reports named next to them.

Base salary by level

Median base salary in Morgan Stanley & Co. LLC filings, January 2025 to June 2026. Range is the 10th to 90th percentile.

Level	Filings	Median base	Range
Analyst	43	$110,000	$110K to $125K
Associate	213	$175,000	$150K to $225K
Vice President	122	$225,000	$205K to $275K
Executive Director	37	$300,000	$200K to $300K
Managing Director	6	$400,000	$400,000

The filings name the title only, not the division. Analyst filings sit at $110,000 and $125,000, the same two steps as Goldman's and JPMorgan's banker scales. The Analyst median was $120,000 in 2025 filings and $110,000 in 2026 filings so far. Executive Director sits between Vice President and Managing Director.

Morgan Stanley, Goldman and JPMorgan side by side

Level	Morgan Stanley	Goldman Sachs (banker)	JPMorgan (banking)
Analyst	$110,000	$110,000	$115,000
Associate	$175,000	$175,000	$175,000
Vice President	$225,000	$275,000	$285,000

Median base salary in each bank's US H-1B filings. Morgan Stanley's rows cover every division at Morgan Stanley & Co. LLC, the other two only banker titles.

Bonus and total pay

2025 bonus pools: JPMorgan, Goldman Sachs and Bank of America raised bonus pools for their bankers and traders by at least 10% for 2025 (Bloomberg, February 6, 2026).
By business: Johnson Associates projected 2025 year-end incentives up 10% to 15% for M&A advisory, 15% to 25% for equity sales and trading and 5% to 15% for fixed income (Chief Investment Officer, November 10, 2025).
Total pay by level at large banks in New York, 25th to 75th percentile (Mergers & Inquisitions, 2026 report): analysts $165,000 to $225,000, associates $285,000 to $500,000, vice presidents $525,000 to $800,000. These cover the industry, not Morgan Stanley alone.

For the whole firm, Morgan Stanley's 2026 proxy statement puts the median employee's 2025 total pay at $136,396.

How we got these numbers

US employers that hire someone on an H-1B visa must first file a Labor Condition Application with the US Department of Labor, stating the job title, work site and the wage they will pay. The DOL publishes every filing in its LCA disclosure data. We read the filings through h1bdata.info, a free search of that data, because the DOL's own quarterly files run to hundreds of MB. We read them on October 15, 2026.

Filing window: filings submitted from January 2025 to June 2026, the latest the DOL has published.
Filings counted: 421 across the rows shown, one per DOL case number.
Job titles matched:
- Analyst: "Analyst" (43)
- Associate: "Associate" (213)
- Vice President: "Vice President" (122)
- Executive Director: "Executive Director" (37)
- Managing Director: "Managing Director" (6)
Median: the middle filed salary for that title. Range: the 10th to 90th percentile, so a few unusual filings don't stretch it.
Base salary only. An H-1B filing states the base wage. Bonuses, signing bonuses, profit sharing and benefits are not in it, so the bonus figures on this page come from the dated reports named next to them.
Who is in it. Only roles filed for visa holders, at every US office. A filing is the wage the employer committed to pay, not proof of a hire.
Only Morgan Stanley & Co. LLC is counted. Filings by Morgan Stanley's other US entities, such as Morgan Stanley Smith Barney and Morgan Stanley Bank, are left out.

Searches read:

morgan stanley & co: 2025, 2026

Getting the offer

Start with our Morgan Stanley interview questions guide. Work through our investment banking interview questions, each with an example answer, and the technical questions guide. Then practice them out loud on the investment banking page, since a memorized answer often falls apart under a follow-up. For analyst pay at every bank, see investment banking analyst salary, and compare Goldman Sachs salary and JPMorgan salary.

Sources

US Department of Labor, H-1B LCA disclosure data, filings submitted January 2025 to June 2026, via h1bdata.info, read October 15, 2026
Bloomberg, Goldman, JPMorgan Bankers See Bonus Pools Rise at Least 10%, February 6, 2026
Chief Investment Officer (Michael Katz), on the Johnson Associates November 2025 projections, Certain Wall Street Bonuses to Rise by as Much as 25%, November 10, 2025
Mergers & Inquisitions, 2026 Investment Banker Salary and Bonus Report, early 2026, covers year-end 2025
Morgan Stanley, 2026 proxy statement (SEC Form DEF 14A), pay ratio disclosure, 2026 Proxy Statement, April 2, 2026

Frequently asked questions

How much does a Morgan Stanley analyst make?

A median base of $110,000 in Morgan Stanley & Co. LLC filings, with most at $110,000 or $125,000. With bonus, industry reports put analyst total pay at $165,000 to $225,000 (Mergers & Inquisitions, 2026).

How much does a Morgan Stanley associate make?

A median base of $175,000 across 213 filings, from $150,000 to $225,000.

How much does a Morgan Stanley vice president make?

A median base of $225,000. Executive Directors are filed at $300,000 and Managing Directors at $400,000.

What is the average salary at Morgan Stanley?

Morgan Stanley's 2026 proxy statement puts the median employee's 2025 total pay at $136,396, across the whole firm.

Morgan Stanley Salary 2026: Analyst to Managing Director Pay