with M&A fervor being at an all time high will bonuses for associates and analysts be as high as last year...even if share price is down..note B of A securities as an example.
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You're referring to the '07 bonus in July right ? Because it's too early to speculate about '08 bonuses.
The speculation is that it is 125000 for first year analyst, 135 for second and 145 for third... this is with MS
2008 or 2007? 2007 bonus rumors are 100K for 1st years, 120-125 for 2nd years and 140-155 for 3rd years - i dont think MS pays above the median, least not by 25K for 1st years. also, doubtful that the difference is only 10K between years..
From people I've spoken to at Lehman, these numbers you guys are putting out are garbage. Actual analysts expect bonuses to remain static this year i.e. 80K for top tier, 65K for 2nd tier etc.
Either that or Lehman is really cheap.
spreadsheet going around has top buckets at:
GS/ML-110-155
BS/Citi/JPM/MS-100-145
Piper/Wachovia-90-130
all rumors
bonuses wont stay static this year but may drop next. the spreadsheet - from my limited experience - is fairly accurate, give or take 5-10k.
Hey Seanc you I am guessing u r at Lehman... if those are the numbers there sorry dude... but GS and MS will range from 100 - 155 as previously mentioned... :)
are we talking just bonuses or base + bonuses? these numbers do seem quite high for just the bonus. would that not mean that in total, were talking about around 200k?
how do you guys compile this data? Word of mouth and rumors heard multiple times or is their disclosure on top-bucket compensation.
Those must be total comp (base + bonus). Analysts are NOT making 200K total comp as a 1st year. First-year Associates barely make that.
these numbers are reasonable
assuming you're referring to 1st full yr associates - they make well above $200k - e.g. $300-350 this year.
numbers i cited are just end of the year bonus
but again...just rumors
manny's #s are
1st year top bucket bonus - 2nd yr top bucket bonus
Feels high, but I've been hearing 100 for fy's.
man these spreadsheets go around every year, and the sole purpose is to get everyone's expectations out of control...seriously, you would trust some spreadsheet that lists half the sources as "rumor" and half as "so&so bank's analyst"? an analyst most definitely would not be privy to his/her bank's bonus range over 3 months before payouts...don't be ridiculous... also, i've seen quite a few ppl mention that last year the sheets were about on par w/ actual payouts...my general view was that on average the payout was at least 20-30k less than on the spreadsheets making the rounds last year... you're gotta temper your expectations when it comes to bonuses so you won't be disappointed...in the end, you still get a huge chunk of change, and it's nothing to laugh at...
spreadsheets i got last year were dead-on at 80K and 100K for 1st and 2nd years...3rd years, the variance was greater from actual vs expected
maybe your firm just paid out well last year...after asking around from sf to hk last year, average across firms seemed to be around 70k, and the spreadsheet i saw came in at 90k first year... u tell me how many ppl (maybe besides yourself) got 80k as a first year last summer? i don't know anyone who wasn't top bucket that got close
The spreadsheet shows top bucket. Last year it was 80/100/120 and it was dead on for top bucket. A couple BB's even paid 85 for top first year. I don't know what your point is. I'll tell you how many people got 80 as a first year last summer - roughly 10% - the same percentage of people in each firm who make top bucket.
my point is the spreadsheet "i" saw and the ppl "i" talked to...apparently you're convinced that there's one spreadsheet and the numbers on it apply to every bank in every region..did u forget the diff numbers for diff firms?...what you claim is very ny-centric, and there's plenty of those spreadsheets floating around...and yeah, thanks for repeating exactly what i said about 80k being around top bucket and then saying u don't know what my point is...in some places and firms, no one got close to 80k, while others may have gotten more...case in point, my roommate was same bucket as me in a diff firm last year, and he got 20k more...there's no such thing as "dead on" for a spreadsheet...that's my point
guess i wasnt clear, but those spreadsheets only show top ranked analyst bonuses which were dead on at 80k and 100k. i didnt see the spreadsheet with 90k on it but saw several with 80k but who knows how many of those spreadsheets get tossed around the street.
Both the '06 FY and '07 FY analysts are in for a surprise if they're expecting these kind of numbers. Don't kid yourself just because a spreadsheet got it right once doesn't mean it will happen all the time. Besides, the bonuses have to top out at some point, no bank in their right mind would pay $200K all in to some kid a year out of college.
I honestly believe top first years bonuses will hit 100k this year. But, bonuses are more a reflection of the competing environment for talent more than the booming economy. Because PE/HF are paying ridiculous amounts of money for college grads, banks have to up the ante. BB could obviously get away paying the same top end 80k again this year, but they realize that top talent then just moves to PE/HF where the pay out is that much greater. Rising bonuses aren't really a reflection of value added/economy, its more the result of PE/HF competing for talent.
I think so, too. A director took 5 or 6 of us out to lunch the other day and his direct quote was "we know you guys have been getting crushed, but come July NONE of you will be unhappy."
I have heard that Merrill already posted that the average bonus for M&A this year is 108K.
That's insane. I hope the '07 analysts get paid a boatload because my expenses are gonna be sky high.
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