Best Response

The this past summer, bonuses for 1st years were sub-$50k ($40k is a number I have heard quite a bit). It's very difficult to predict the summer of '10 and summer of '11 for first years, but if the next 8+ months go the way the past few have and classes stay as lean as they currently are, you could see a return to summer '08 numbers, even higher. I would not be surprised to see a $75k bonus for first years, assuming activity remains at its current level.

 
jimbrowngoU:
The this past summer, bonuses for 1st years were sub-$50k ($40k is a number I have heard quite a bit). It's very difficult to predict the summer of '10 and summer of '11 for first years, but if the next 8+ months go the way the past few have and classes stay as lean as they currently are, you could see a return to summer '08 numbers, even higher. I would not be surprised to see a $75k bonus for first years, assuming activity remains at its current level.

This past summer at two of the top boutiques listed the first year bonuses (top bucket) were over $50k, and I agree that they'll be higher this year but $75k seems a little aggressive.

 

I know that the top bucket BONUS at GS for a second year analyst IBD was 95K (they just received their bonus last week) and salary was 80K. Not certain what the bonus was for first year analysts, I'll try to find out

----------------------------------------------------------------- “It's all nonsense. Firms use titles to pander to the egos of the employees without giving away the store. If you are getting the money, who cares about the title?"
 
SirBakealot:
How about bonuses for first years from top MMs, such as JEF/HLHZ/HW?

There's no such thing as a top MM you unprestigious fuckhead. No one cares, u probably got paid in dog poo.

 

I can't speak for HLHZ/HW but I know a few people who lateraled to JEF from BB during JEF's recent expansion spree. JEF offered to buy out first year analysts' bonuses for up to 100k. This may not be reflective of one's steady state bonus opportunity but the place definitely is not tight about bonuses. I'm guessing that at the analyst level one could expect to make a 10k-15k premium to GS. The downside is having to deal with comments like SirBakealot's because JEF certainly does not have the pedigree of a BB or top boutique.

 

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