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Welcome Bonus / Signing bonus - VP level
Potentially considering an offer from a smaller shop, $30B fund, VP level. Given the period,I believe that there is some ability to ask for a signing bonus or something similar (by another name perhaps) to compensate for this and make the hit less financially onerous in the short term. How does this...
How to Structure Bonus Comp for Analyst
I'm at a SM L/S sub $500mm AUM outside Chicago. Current bonus structure is a LSD % of PNL after a 4% hard hurdle rate and a high water mark. We've been short biased and had a huge year in 2022. We stayed short through 2023 and ended up with negative returns after Nov/Dec of 2023, so it looks like I...
London MM Bonus,
Work as an Analyst for a MM IB in London. Told full year bonus will be
Relocation Bonus - SA
I know some firms give a relocation bonus for their SA intake. Don't think my bank gave the relocation bonus or if they did, they gave it to students studying outside the internship city. Wanted to know if it's cool to send an email to HR asking for a relocation bonus to afford accommodation over...
Truist 2024 Bonus Thread
That time of year again. Hearing Truist CIB bonuses for Associate and up have been trickling in. Any tangible numbers yet?
Is GS FIG worth the pay cut
I'm a sophomore about to be a SA in GS FIG for summer 2024. I'm coming from a target school and decided not to re recruit because I'm super excited about the offer and hope to do my soph and junior summers there + analyst years at least. However, as friends recruit for junior summer I'm starting to...
Citi bonus 2024
2nd year VP, Sales & Trading, base up 9%, bonus 20% of base. Quite disappointed base increase does not cover even inflation and bonus was half of last year. What about you guys?
Banks with Good Bonuses This Year
Heard that PWP and PJT had good numbers this year. What other banks had good numbers?
SANTANDER BONUS 2024
Lets do this Title/Group: Location: Base: Bonus: Are we happy with the bonus for this year? Ill go first - Title/Group: Analyst - GDF DCM Location: London Base: 70k Bonus: 50k Not happy and should've been more given performance
Quitting on Bonus Day - Navigating Internal Job Posting
Long time lurker first time poster. I work at a sleepy long-only asset manager and have a signed offer to join a hedge fund - just been waiting to resign when my bonus pays out in 6 weeks. My current seat supports our portfolio managers & feeds into PM seats - and of course, just now, a great junior...
Private Credit 2023 Bonus Megathread
Has a thread for 2023 private credit comp been started yet? Level: [AN1 / AN2 / AS1 / VP2 etc] Institution: [Large AM / PC shop / AUM etc] Group: [DL / Special Sits / Infra / Industry Focus etc] Ranking: [Bottom / Middle / Top] Location: Base $$$ / Bonus $$$ / Total Comp $$$ % Stock / Deferred /...
Charlotte IB Bonuses?
Any bonus updates from bankers in Charlotte, NC?
OFFICIAL 2023 IB BONUS THREAD
I'll start... VP2 at a MM Coverage Group (cover a sector that has still been doing deals this year) Middle bucket (based on my number) 275k base + 150k bonus Me = PISSED. We also hired a ton of people on guarantees this year who destroyed the bonus pool, and have yet to deliver any mandates Can't...
2023 Canadian Analyst + Associate Bonus Thread (S&T)
Brutal year, tired of hearing “this was a bad year for the bank let’s focus on the year ahead” for the 5th year in a row to justify shit bonuses. mfw all banks were posting record years until the most recent FY. Clocking 65h a week as an Assc and was benevolently gifted a $0.00 bonus,...
High level pole for end of year bonus comp 2023.
This pole is going to be Analyst to VP as anything above that doesn't use WSO that much and also comp is very scattered for those titles based on firm and a million other things. If you think poll ranges are bad just leave a comment and I'll update but I think I covered the majority pretty well.
How will the removal of the banker's bonus cap in the UK affect total comp?
So, the UK government is dropping the bonus cap rule that they borrowed from the EU after the financial crisis. The bonus cap stated that bankers were only allowed a bonus that was less than 2x their base pay. Now, bonuses can become unlimited as of October 31. What does this mean for compensation...
Negotiating lateral associate/A2A bonus? Other things to consider?
I'm currently AN3 at a shop, expecting to get the associate promote here when the time comes next year. However, I got a verbal offer (and am expecting the official imminently) to move to a new shop as an associate. By leaving, I'd be forgoing my current firm's analyst/A2A bonus, and I know that the...
Signing Bonus
Is there a signing bonus for full time IBD Analysts in London and Paris? If yes how much do they get on average in BB/EB?
Salary Negotiation
So I have been in talks with a German bank to join them as a senior analyst. The applicationasked for desired salary per anum, which I filled in, but halfway through the selection process everyone told me the city I was going to was the most expensive in Germany, and scaring me about housing prices...
S&T Bonus/Comp Thread 2023
I feel we should start keeping tabs on the Sales & Trading comp numbers as much as we can given the current environment. I understand there are less of us than IBD, but that's the whole point of this post. We need data. Sounds like it's rough out there for IBD but seems to be some demand in S&T for...
EOY Bonus Question
Out of curiosity, How do end of year bonuses work when someone joins a firm during the year? For example, if someone joins in July do they only see 50% of the traditional bonus they would see if they had started full time the first of the year? I am assuming this is how it works, but was not sure if...
Any other first-years thinking of quitting post-bonus?
See title. Obviously, first-years quit post-bonus all the time, but given the shitty bonuses of this year, what is the point of sticking around? Unless you are meeting a two year requirement to go to buyside. Given that the market is not going to improve for another six months minimum and layoffs...
1st Year Analyst Leaving. Will I still get my bonus?
I am leaving a bulge bracket after my first year. I will have completed more than 365 days since the start date on my offer letter. However, I have to leave before my bonus gets paid to my account due to my next job requiring me to start very early. If I leave after my bonus number is communicated...
Bonus Pay Out Date - BB
Hi, First year at a coverage group at a Tier 2 Bulge Bracket (BofA/Citi). I'm planning to give my two weeks moment bonuses are paid for a new gig. Wondering if any current second years or first years have been made aware on bonus pay out dates for BofA or Citi? Really can't take this shit anymore....
performing credit HY/LL/CLO comp reports?
Does anyone have any performing credit comp reports? HY/LL/CLO/HF etc. can PM https://www.odysseysearchpartners.com/comp/2023-p…
No Bonus - What to do?
My firm just indicated that I would not receive a bonus this year, and honestly, I am not quite sure what to do. I joined this small boutique early this year, and according to "their policy," I have not been there long enough to receive a bonus. During the interview process, It was mentioned that a...
2023 Analyst Bonus Expectations
Bonus szn coming around. Wondering if any BBs have communicated expectations? Curious to hear when bonuses are paid out for BBs, what folks are expecting etc
I don't understand how taxes work
Hey all - incoming first year analyst this year - and like everyone I'm really looking forward to that 2024 bonus. Can anyone explain how bonuses are paid out and taxed. I zoned out on asking anyone during my SA stint, and have gotten so many competing answers that I figured I'd ask. Ik it's a dumb...
Bonus - Deferred Comp
Curious what the market is for 1) stock comp as % of bonus, and 2) vesting period these days. Also interested in comparing stock comp for boutique vs BB. Any data points would be appreciated.
How much for a M&A AN1
Hi everyone, in September I will be a 4th year bachelor degree at EDHEC Business School, I’m specialised in corporate finance. After the bachelor, I will do a master degree in Corporate Finance. My question is ; how much can I make as a first year M&A analyst in Paris in a midcap boutique or in an...
Natural Gas Trader Compensation
Hi, My name is Ryan, I'm a new RINS and gas trader at small gas shop in the midcon. I worked my way up from the mid office at an MLP and am trying to figure out where the best paying gas trader jobs are. Tenure and experience is important in comp, I am aware. Trade shops who pay a percent of book...
Using Under-Market Comp as a Reason to Move Jobs in Interviews
I work for a LMM PE firm at the mid-level and am undercompensated relative to market by ~30%, even after factoring in fund size. This is on both a carry and cash comp basis. I've made several attempts to ask them to bridge the gap and pointed to my contributions to the firm, what 'market' is, etc,...
NYC Bonus Tax
Did taxes get raised in NYC???? Why the fuck did I only see 42.5% of my bonus? What the hell justifies 57% tax. Bullshit. Edit: Never mind, it was an accounting error from my company. We're good now :) Always check your pay stubs people!
Bonus Ballpark for Budget/Expenses
Hello-- I am sure there is a thread on this but I couldn't find anything recent. I understand how bonuses fluctuate based on performance and firm and desk. I will be a 1st year analyst starting in July, and I am looking to budget for rent and expense of living. I can't ask my network about bonus...
Lincoln International - Bonus Structure
Does anyone have insight on the analyst/associate bonus structures at LI? Does it vary by office (i.e., Chicago HQ vs satellites like NY/LA)? Also curious about how bonuses stack up against previous years / other MM shops in the same tier (William Blair/Baird/RJ).
When are bonuses announced / paid?
There's a big banking thread on the IB forum listing, by firm, when annual (calendar year, not summer) bonuses are announced and paid. Is there a similar one for PE and if not, can we start listing info?
Equity Research Bonus Discussion
Hey Everyone, Considering bonus season is underway I thought we could get a thread going to get an idea on what bonuses are looking like across the industry. Lets keep it to a simple structure: Title: Rank if applicable: Region: Bank Size: (Bulge, Mid mkt, Boutique etc) Base: Bonus:
2022 Bonuses: Private Credit/Special Sits/Direct Lending/Infra Credit/Project Finance/Fund Finance
Lets get a thread going going specialty credit bonuses for 2022. If you work in lending & finance within Private Credit/Special Sits/Direct Lending/Infra Credit/Project Finance/Fund Finance, please post here. Type of Institution & Size: Level: Industry of focus (if any): 2022 Base/ Bonus/ All-in: %...
London 2023 Bonus Thread
Not sure I've seen a UK bonus thread for this year yet, so setting one up. Usual structure: Title Base (£) Bonus (£) New base (£) Hopefully some of those (MS / Citi?) who have heard, would be able to kick us off.
2023 bonus
So I just finished being a year 1 analyst on fixed income in structuring at a top BB and got my bonus. Mine was 30k, so I’m wondering how that compares to average. I know it’s a down year, but still not thrilled about it
Who’s quitting post-bonus?
As the title reads, do you plan on quitting after your bonus hits? Why are you quitting and what do you plan to do next?
Could the Wells Fargo $3.7bn settlement have an impact on the bonus pool?
As we are approaching bonus szn I am curious to know if WF bankers should be concerned about the news regarding the $3.7bn settlement over irregularities in the auto loan business. The bank had the pay a 1.7bn fine plus over 2bn in compensation to clients. This year WF is not down so bad compared to...
Sales and Trading Bonuses 2023
It's close to the end of the year and you know what that means. Another bonus season is soon to be upon us. Obviously headlines have not been encouraging recently, but would like to get some chatter going about what expectations are. Let me get the ball rolling: BB AN2 (will be AN3 after this bonus...
2022 Associate Bonuses (IB)
Update: please post in 2022 Bonus Megathread as this is duplicative. Unfortunately I am unable to delete.
2022 Bonus / Comp Thread
Guess it's almost that time of year where #'s are getting communicated. Share below (if possible in below format). I'll get it started: YoE (since Grad / on Buyside): 8 / 6 Strategy: Credit/Event Total 2022 Comp (Base + Bonus): 750k (150 / 600) Total 2021 Comp: 1.1M Notes: fund exp to be down 5-10%...
2022 Compensation - What Are You Guys Expecting?
What are you guys expecting on comp this year and what would you be happy with? Imagine folks at BB are expecting less than EBs given that revenue at a lot of EBs has held up. I'll start. I'm an ASO3 at EB and made ~$525k all-in last year as an ASO2 (ASO3 apparently was ~$600k). I'm setting...
IB Offer doesn't specify bonus % in offer letter?
Hi guys, I just completed full time recruitment and came out with an offer I'm very happy with: it's a strong boutique firm doing MM tech deals. MD mentioned during interviews they pay over street. In the offer letter, base is $110k, full normal benefits, 12 days of paid vacation, etc... and it...
How does your team split the performance fees?
Having been fortunate enough to survive a couple of years at my fund and managing to earn some P&L, I have started thinking about how our earnings are distributed across the team. Being at the bottom of the totem pole (analyst), I don't know what's the share of the rest of the team (one other...
Ranking: Year End & Bonus
Currently at a US-based MM (JEFF/WB/Baird/HL) where they have a scale for rankings at the end of each year (Analyst) say 1-4 (4 being good, 1 being bad - levels are discrete with no sub tiers officially). Have been told by people at the same level, in the same office, in the same team with the same...
HL Bonus Numbers?
Incoming AN1- wondering what bonus numbers were this year for CF. Heard they came out / are coming out today. Any info would be much appreciated.
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