Performance bonuses in "stub year" for first-years?

Hey, this may sound dumb, but in general, if you begin working in July, and your offer is quoted as a base salary plus a yearly performance bonus as a percentage of the base salary, do you get paid the bonus at the end of the "stub year" (the December after you start working)?  If so, is your bonus prorated for the length of the year that you actually worked, or is it a straight percentage of your yearly base salary?

In other words, I start working in July, and my base is 60K.  I get a 15% bonus.  Do I get 9K in December, or closer to 4.5K? Or do the bonuses usually start after you've worked there for a year?

 

Culpa ut facere eos nemo. Eos voluptates quo perferendis iste porro. Et dolorum quam sed sed non ut qui. Doloremque molestias ut consequatur praesentium dolorem et aut vero.

Animi inventore deleniti repellendus. Asperiores adipisci quia atque nihil soluta expedita. Repellendus sequi adipisci ipsa.

Career Advancement Opportunities

June 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

June 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

June 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

June 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (153) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (590) $119
  • 1st Year Associate (539) $119
  • NA (15) $119
  • 3rd+ Year Analyst (148) $116
  • Engineer (6) $114
  • 2nd Year Analyst (347) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1051) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”