Trending Content - Investment Banking Forum
| Current and Former UBS Bankers: Do You Regret Joining? Was It Worth It? | 31 | 6h | |
| +180 | UBS IB Americas has failed, now behind Santander and Stiffel | 35 | 2d |
| +166 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 49 | 10h |
| +148 | Some banks are overrated as fuck | 52 | 18h |
| +133 | Beware all those preparing to recruit for '28 | 37 | 7h |
| +68 | How do I understand vs. just memorizing? | 12 | 3d |
| +62 | IB is the new EY/Deloitte | 27 | 1d |
| +49 | The good and bad with Wells Fargo | 21 | 40m |
| +42 | Tech to IB Pivot | 22 | 3d |
| +39 | Advice on Neuromaxxing | 8 | 3d |
Career Resources
100% of the first 5%, but nothing after that. Fully vested for both your own and company contributions, but matching doesn't start until 1 yr employment. I will let you know next week if they match my bonus as well.
this sounds pretty standard and similar to mine. they will probably match your bonus
Does Citi match? I heard they don't.
i didn't know that they didn't match bonus. that sucks. that can amount to a decent chunk of change.
No, I heard that Citi doesn't match, period - not salary or bonus. Can anyone speak to citi's policy?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ae5Y3Wz8qGeM
100% matching up to 6%, it looks like.
I worked on a consulting assignment recently for an iBank, comparing a big chunk of the BB market - surprise surprise, the more prestigious the firm, the worse the retirement benefits, in general.
401k matching (Originally Posted: 12/18/2007)
How does yours work? I've seen everything from no matching, to 6% of what you contribute, to 5-6% of your comp.
And there's often a pension, usually with cliff vesting, of 1-5% on top of that.
So what's yours like?
My first firm matched 100% up to 6% vesting over 5 years. With an additional 4% of total comp up to 100k vesting after 3 years. With the 4% increasing every few years up to 6%.
Second firm is 50% matching up to 5% (So if I put in 5% they put in 2.5%) and it vests over 5 years beginning one year after start.
Other people I know couldn't contribute until 1 year, then were 100% vested immediately with 4% matching.
Its as individual as the firm, its the one area where offers at lower levels truly differ.
Consulting is very different...
No matching, but between 8-12% (depending on the firm) of total comp is placed in an account and vests from immediately to over 5 years (again, depending on the firm). Much prefer that :)
Et repellat pariatur et enim reprehenderit. Laudantium officiis voluptatem sequi soluta quis eveniet at ullam. Blanditiis quae eum et voluptate et.
Quasi veniam nesciunt velit quia. Aut illo consequuntur iure odio voluptas quia eos quaerat. Perspiciatis facere atque rem omnis minima quia.
Et qui ea voluptatibus minima dolor excepturi. Excepturi eos impedit a molestiae pariatur dolorem molestias. Fugiat eveniet quis corporis labore ad.
Omnis molestias officia est et dolore eos optio. Assumenda reprehenderit accusantium sapiente provident amet. Fugit totam cupiditate inventore et vel consequatur sint. Voluptatibus aut tenetur quae ab porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...