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dr2899's picture

'06 associate bonus figures-post them here

post them here if you got em. goldman reported figures today, lehman and bear on thurs i believe.

projects for street range for class of '05 associates have been around 270-350 this year all-in.

Average: 1 (7 votes)
Seanc's picture

I think people of this board

I think people of this board are too secretive to post their numbers on here...even though it's the internet, you know how anal IB'rs are.

dr2899's picture

fair enough

post somebody elses then. just don't do it at work

scotttwibell's picture

what is 06 stub bonus?

i've heard at BBs, anywhere in the range from 40-60k. how accurate is that?

Seanc's picture

Re: what is 06 stub bonus?

scotttwibell wrote:

i've heard at BBs, anywhere in the range from 40-60k. how accurate is that?

Did you miss out a 0 on those numbers ? Because
40-60K is way too low.

zala rules's picture

stub, fool.

stub, fool.

Seanc's picture

What ?

What ?

titanboxer's picture

associate

they aren't talking about first year analyst numbers

mikesdaboss's picture

he's talking about stub pay

he's talking about stub pay

scotttwibell's picture

associate class of 06

i'm referring to associates that graduated out MBA school in May and have been working since August or so. Their stub bonus won't be 100k or anything. More like 45-60k. Does anyone have concret #'s?

LB Banker's picture

1.5 yr associate (1st full

1.5 yr associate (1st full year post-stub) got $305K in my group.

dr2899's picture

that's 305 all-in

rather than bonus, just to confirm?

holymonkey's picture

Goldman paid out $16 billion

Goldman paid out $16 billion total in bonuses alone...whoo that's a lot of money. I want a slice of that...:)

boondoggle's picture

305

whoa, what about a 2004 guy? any idea?

dude111's picture

Does Goldman pay better than

Does Goldman pay better than other banks? If so, is that relevant for IBD guys (esp. analysts), or is it basically their traders whose bonuses hit the roof?

suskompany's picture

yea its stub pay

yea its stub pay

redpersimmons's picture

yr end numbers

I heard that GS 1/2 yr assoc. got stub of 50K as well. seems low

nrc_chicago's picture

Anymore data points out there?

I can't believe that so few associates would be on this board. It's so easy to post anonymously.

Jimbo's picture

50 annualizes to 100...plus

50 annualizes to 100...plus that signing bonus you get. it's not so low.

Curious George's picture

50 sounds right

50 sounds right for 1/2 a year.

ibanker2006's picture

$260-$280k First year in

$260-$280k
First year in Canada

Kimbo Slice's picture

London numbers

anyone have them?

coogikat1's picture

For those that no longer check thevault...

This was posted on thevault message board

Quote:

ok these are the numbers i know

Author: apr06060
Date: Jan 4, 2007 5:11 PM EST

i heard that gs, ms, lehman, bear have announced numbers so far.

I only know bear, b/c i work there
for '05 associates:

1 got 280
13 got 300
9 got 325
3 got 350

at Goldman, the range was 275-325 with the vast majority getting 280 (goldman discount)

at Morgan Stanley, same range

Lehman looked more like Bear.

I would expect $300k to be average across the street for 05 associates

for analysts who got paid in july, the high was 80k bonus with the vast majority getting around 70k for 1st yr analysts across the street

hope this helpful "

mass_banker's picture

Are compensation of VP's and

Are compensation of VP's and MD's listed anywhere...or is there too much of a variation in those to actually carry out a survey

mass_banker's picture

Also I was a bit

Also I was a bit curious...what are sign on's for associates...

and for both analysts and associates are the signon and relocation different??

SmartBanker's picture

What about 2nd & 3rd year associates?

JPM will be giving out #s in the next week or so...
If anyone has color on 2nd and 3rd year associates pay package for 2006, that would be helpful.
Also, client team vs. product team is also helpful.
Thanks.

GenghisKhan's picture

Just get the Post article.

Just get the Post article. It's mostly right.

luke77's picture

Do you have a link to the

Do you have a link to the Post article, or is it only available offline?

GenghisKhan's picture

Click on the graph in the

Click on the graph in the picture, obviously.

nrc_chicago's picture

Slightly mislabeled

The chart seems to indicate that these are bonus numbers, but they look more like total comp. Of course at the Director and higher level, salary is just a rounding error in good years.

Yokonomo's picture

Sorry but what does "stub"

Sorry but what does "stub" mean.

gargon's picture

"Stub" means

bonus pro rated for 1/2 year

Jaygatsby28's picture

Stub question

Just a quick question.

I was under the impression that first year analysts did not receive a stub bonus around the end of the year, but received their full bonus one year after they started at the firm (usually around July). Is this true? or do they get a stub bonus?

If they don't get a stub bonus, who does? Is it usually first year associates and new hires above first year associates (ie new directors hired in September or something)?

Thanks.

Jimbo's picture

this thread is about

this thread is about associates

GenghisKhan's picture

Re: Slightly mislabeled

nrc_chicago wrote:

The chart seems to indicate that these are bonus numbers, but they look more like total comp. Of course at the Director and higher level, salary is just a rounding error in good years.

Yes, they represent total comp, not bonus. Numbers came in slightly higher than represented.

mohamms's picture

Is this working?

Hi all,

Threads like this do not work. The quality of the numbers can not be trusted so its really a lost cause.

SmartBanker, if you are interested in JPM numbers then maybe we can exchange info via pvt messaging? Ping me if interested.

nrc_chicago's picture

Go ahead and keep posting if you have numbers

I've confirmed a few of these numbers myself and they look accurate. Just ignore the posts that confuse stub with first-year.

gargon's picture

JPM stub

Heard $45K for JPM stub. Anyone hear anything different?

skins1's picture

.....

No word on JPM, but I heard from multiple sources that ML, GS, BS, and Lehman were all $45K in both IB and S&T. With that many banks toeing the line I'd be very surprised if anyone deviates....

ibankalot's picture

Analyst

What do bonuses look like for analysts at a boutique IB?

MurrayHillMan's picture

Bonuses

are the bonuses actually paid to the associate all at once or are they spread out over the year. because considering the size of the bonuses, that is a lot of money to get in a single check.

Gommini's picture

they are paid at ye

they are paid at ye

Dan Polizzi's picture

FYI

i work at a bb in Brazil - Sao Paulo - and we've got loads of newcomers, mostly associates and some vps - from ny and london. i didn't really know why they were coming back and i thought they were just home sick but after getting to know how much you're paid there, i think i get them much better.
1st year analyst's bonusses here are:
- ubs/pactual and itau/bba - US$ 300k
- credit suisse - US$ 250-275k
- ml, citi, jpm - US$ 200k
you can also get at least US$ 150k at small local boutiques
i don't know much about associate's bonusses but i'll try to post them here soon

IBGuy's picture

Polizzi,

you have got to be kidding, right? 300K, all-in I assume, for 1st year analysts?

consultant16180's picture

Re: FYI

Dan Polizzi wrote:

i work at a bb in Brazil - Sao Paulo - and we've got loads of newcomers, mostly associates and some vps - from ny and london. i didn't really know why they were coming back and i thought they were just home sick but after getting to know how much you're paid there, i think i get them much better.
1st year analyst's bonusses here are:
- ubs/pactual and itau/bba - US$ 300k
- credit suisse - US$ 250-275k
- ml, citi, jpm - US$ 200k
you can also get at least US$ 150k at small local boutiques
i don't know much about associate's bonusses but i'll try to post them here soon

No way. For ANALYSTS?!

Screw PE, everyone should just go to Brazil.

emma915's picture

I dont buy it. No way.

I dont buy it. No way.

aadpepsi's picture

Total myth.

Total myth.

hsguy92's picture

I took a highschool

I took a highschool fieldtrip to go see the dolphins in the Bay Area, apparently, the dolphin trainers get $2000 USD bonuses yearly...

My point: Who needs ibanking when you can do dolphin training

-Porpoise Lover

Dan Polizzi's picture

Re: I dont buy it. No way.

emma915 wrote:

I dont buy it. No way.

why don't you phone the Brazilian branch of your bank and ask them??? they certainly won't mind bragging about how much money they made.
this year bonusses have been ridiculously high but it's not gonna last forever.
they weren't reaching US$50k five years ago and they probably won't within five years...