• Sharebar

I am surprised that I haven't seen any posts on here discussing the 2012 bonuses that are about to be communicated and paid out by many banks. I have heard some rumors of what bonuses will be, but I am wondering what others have heard.

To start the discussion, I have heard that top bucket first year associates at RBC got $290k all-in compensation for 2012. I saw another post on WSO saying that HL first year analysts got $55K bonus and first year associates got $80K.

Has anyone heard any other numbers? Or does anyone have any guesses on what bonuses will be? I am definitely curious what % of associate bonuses will be stock vs cash this year at different banks.

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Comments (45)

  • bankbanker101's picture

    Curious as well. Would be interested to know stub bonuses for A0s, too

  • WallStreetOasis.com's picture

    Good questions...you may not see as many discussions in the forums about comp because of the WSO COmpany Database which has thousands of data points on comp across almost all wall st firms.

    Stay tuned, our new Compensation Report should be out within a month....

  • Oreos's picture

    Perella London, A1, $32 bonus, all in $104

    .

  • AnalystMonkey2769's picture

    "first year associates at RBC got $290k all-in compensation for 2012"

    is this correct? dont 1st year associates usually barely break $200-220k ? or am i completely wrong here...

    I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG

  • AnalystMonkey2769's picture

    I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG

  • BB Kool-aid's picture

    Thagoodlife:
    I have heard that top bucket first year associates at RBC got $290k all-in compensation for 2012. I saw another post on WSO saying that HL first year analysts got $55K bonus and first year associates got $80K.

    I’m going to go ahead and say no on both of these. HL was more than that unless it was stub that you are referring to or some kind of a FAS bonus (just to confirm, these numbers are for 2011 year, since they pay in March), where did you see this number. That RBC number has got to be either a second or third year associate or an extreme outlier (maybe they have a top bucket that is only one person or something, that seems way too high)...I just dont know why RBC would pay that much when most bonuses are in the 100k (+/-20k) for an first full year associate (100-125k max salary since not all banks did the raise last year, so ~200-250k max i would guess for any associate).

  • In reply to BB Kool-aid
    Affirmative_Action_Walrus's picture

    I agree, while RBC did well in terms of total fees (see league table thread), a ~170k bonus does seem a bit high for a first year associate...that kind of bonus is at 2006-2007 boom-time levels

    Of course, as mentioned above, could be an outlier...I would reckon that 200-250k for Associate 1 is the right range

  • Blink's picture

    Is there any way to compare your bonus to people in the same sector in other banks/ countries?
    I want to know what I should expect and what I could expect elsewhere.

  • In reply to BB Kool-aid
    rufiolove's picture

    <span class=keyword_link><a href=http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB>BB</a></span> Kool-aid:
    Thagoodlife:
    I have heard that top bucket first year associates at RBC got $290k all-in compensation for 2012. I saw another post on WSO saying that HL first year analysts got $55K bonus and first year associates got $80K.

    I’m going to go ahead and say no on both of these. HL was more than that unless it was stub that you are referring to or some kind of a FAS bonus (just to confirm, these numbers are for 2011 year, since they pay in March), where did you see this number. That RBC number has got to be either a second or third year associate or an extreme outlier (maybe they have a top bucket that is only one person or something, that seems way too high)...I just dont know why RBC would pay that much when most bonuses are in the 100k (+/-20k) for an first full year associate (100-125k max salary since not all banks did the raise last year, so ~200-250k max i would guess for any associate).

    My guess would be that he is lumping in the signing bonus and stub with these numbers, which muddies the comparison...

  • wiseguy's picture

    $115-$125 1st full year assoc bonus (all cash) @ Baird Chicago

  • wiseguy's picture

    $115-$125 1st full year assoc bonus (all cash) @ Baird Chicago

  • In reply to wiseguy
    bankersball's picture

    wiseguy:
    $115-$125 1st full year assoc bonus (all cash) @ Baird Chicago

    Hey wiseguy - thanks for the info. Sounds like MM shops are paying pretty well. How does that compare to 1st year assoc at other Baird offices (SF, Milwaukee)? Is it more group specific? Also, I know Baird and other comparable MM shops start their post-MBA assoc off at a $100K base which is street. Does Baird bump up base pay in January after 5 months on the job (from assoc 0 to assoc 1)?

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  • b1511815's picture

    GS, London, 2nd year S&T analyst, $120k all in and quite disappointed

    Can we please stop discussing the sorry state of RBS & al and focus on bonuses?

  • In reply to newfirstyear
    Oreos's picture

    newfirstyear:
    b1511815:
    GS, London, 2nd year S&T analyst, $120k all in and quite disappointed

    Can we please stop discussing the sorry state of RBS & al and focus on bonuses?

    Is that USD? If so, that's terrible. I made more than that as a first year.

    you know that "$" sign? that means dollars.

    .

  • In reply to Oreos
    newfirstyear's picture

    Oreos:
    newfirstyear:
    b1511815:
    GS, London, 2nd year S&T analyst, $120k all in and quite disappointed

    Can we please stop discussing the sorry state of RBS & al and focus on bonuses?

    Is that USD? If so, that's terrible. I made more than that as a first year.

    you know that "$" sign? that means dollars.

    Yeah but if he's from the UK, maybe he's just confused or something. $120K USD for a second year is insanely low.

  • pytiz's picture

    Citi Associate Stub, London, £23k

  • Sterling Archer's picture

    "I have heard that top bucket first year associates at RBC got $290k all-in compensation for 2012."

    Maybe ONE person who has compromising photographs of HR personnel got that, otherwise either 1) you're being lied to or 2) I've got yet another thing to discuss with my therapist.

  • LiamNeeson's picture

    I often wonder what percentage of the people here posting about bonuses actually -work- in IBD or are just undergrads who are told by their 'baller' 1st year analysts about salary and bonuses.

    Quite frankly, I have seen outrageous claims here, about 1st year analysts receiving $80k bonus or a 1st year associate making $290k all in at a rather low-level bank. A lot of investment banks are cutting heavily on bonuses, so how does a $80k bonus for a first year analyst still make sense? I get the feeling there are quite a lot of frustrated analysts who do not want to admit their bonuses have been cut severely.

    I am not in IBD myself (law - V5), so I cannot confirm this with 100 % certainty, but have quite a lot of friends in IB and my close ones who are open about their bonuses WISH they would make almost 300K all-in as a first year associate lol. On a sidenote - my best friend works at a rather prestigious PE firm and if you expect to make 350 - 400K the first year, you're heading for disappointment as well.

    Let the flames begin ;-)

    And no, I am not frustrated about my own salary, but in case you're wondering, it's not $300K either.

  • SanityCheck's picture

    This site is known to be the blind leading the blind when it comes to rankings/bonuses, I'm sorry you got roped into this Mr. Lawyer.

    Most of the certified users will not even respond to these threads, but I figure I would since your post implies you don't get how things work here. No one has even talked about the real issues plaguing associates, which is getting 50% or more of their bonus paid in stock and not cash which is what my associates bitched about 24/7 back when I was in banking. Just shows you how few banking associates actually post here.

  • Blink's picture

    Every news article on bonuses on every IB bank anouncing their profits states that compensation is down, there is no way 1st year analysts are receiving 80k bonuses or low level associate are making 290k

  • moneymogul's picture

    Blink:
    there is no way 1st year analysts are receiving 80k bonuses or low level associate are making 290k

    Took way too long for somebody to say this. The $80k is possible; the numbers I heard around the office this past summer weren't that far off, but still suspect.

    “Be a yardstick of quality. Some people aren't used to an environment where excellence is expected.” - Jobs

  • In reply to Blink
    vitaminc's picture

    Blink:
    Every news article on bonuses on every IB bank anouncing their profits states that compensation is down, there is no way 1st year analysts are receiving 80k bonuses or low level associate are making 290k

    Guess some people missed those newsflashes relating to cutting bonus payout by 20% or cutting revenue shares...

  • In reply to Blink
    Black Jack's picture

    Blink:
    Every news article on bonuses on every IB bank anouncing their profits states that compensation is down, there is no way 1st year analysts are receiving 80k bonuses or low level associate are making 290k

    Depends where you work. 290k no, but places that pay above street Centerview and Evercore (has in past I believe) 80k bonus isn't crazy.

  • In reply to wiseguy
    THE PsYcHoLoGy's picture

    wiseguy:
    $115-$125 1st full year assoc bonus (all cash) @ Baird Chicago

    This is great news. Hopefully this transitions well into strong first year analyst bonuses at Baird as well come July. Six more months!

    Born to bank. Born to win.

  • In reply to Black Jack
    Blink's picture

    Black Jack:
    Blink:
    Every news article on bonuses on every IB bank anouncing their profits states that compensation is down, there is no way 1st year analysts are receiving 80k bonuses or low level associate are making 290k

    Depends where you work. 290k no, but places that pay above street Centerview and Evercore (has in past I believe) 80k bonus isn't crazy.

    True. I bought that Banker's Bonus 2013 App to see what people were entering. Most analyst and associate figures are ranging from 20-100k, hugely depending on where you work. Obviously ignoring the couple of stupid unrealistic ones.

  • BlackHat's picture

    After seeing the CS numbers I'm pretty sure most of these are, let's say... "slightly optimistic"

    I hate victims who respect their executioners

  • kraziazi's picture

    RBS is definitely not RBC...

    This could be it, sweetheart.

  • In reply to Gray Fox
    BlackHat's picture

    Gray Fox:
    BlackHat:
    After seeing the CS numbers I'm pretty sure most of these are, let's say... "slightly optimistic"

    "I'd rather work at McDonald's than the sell-side"
    http://www.businessinsider.com/david-tepper-mcdona...

    That was an amazing interview, in all respects

    I hate victims who respect their executioners

  • In reply to workerbee
    BlackHat's picture

    workerbee:
    MS IBD 3rd year analyst top $50k - CS IBD top 2nd year analyst $20k. New Normal.

    I thought macro events were the new normal?

    -Lumina Investments, CIO

    I hate victims who respect their executioners

  • APAE's picture

    Friend from school is 1st year at Evercore, received $60 and heard rumors of a few getting $65.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • In reply to workerbee
    Black Jack's picture

    workerbee:
    MS IBD 3rd year analyst top $50k - CS IBD top 2nd year analyst $20k. New Normal.

    Why do people continue to post such nonsense in here? I can't speak to CS though that sounds insanely low. I do know that MS IBD top bucket is not 50k.

    Source: Best friend growing up is a 2nd year MS IBD analyst top bucket and was above 50k

  • In reply to Black Jack
    HarvardOrBust's picture

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  • ironlawofoligarchy's picture

    Nice guys may not finish last but they sure don't finish first.

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