BB Trading Bonuses

Hi, I saw that there was a lot of transparency with respect to IBD bonuses, but I was curious if anyone had any insight on Trading 1st and 2nd year analysts. I have used the search bar and I do understand trading is structured in a way where your bonus is affected by the performance of the desk. However, I heard the the pay is pretty standard for 1st and 2nd year analyst across desks since they don't really cause profits/losses.

So, if anyone has any idea what these numbers look like, that would be great! Thanks!

 

True, your bonus is affected by your desk, but this becomes more important when you become a trader and have a book (ie no longer an analyst). As an analyst your bonus is determined based on a bucket system, similar to banking, with all trading analyst bonuses coming out of a firm-wide analyst bonus pool. First year analyst here, so feel free to ask follow ups.

 
Best Response

it also highly depends on the desk. If you are an analyst on the govie desk (just for example) and you do a great job, and the desk head really likes you, and the desk has a good year, the desk head can always increase what you get (you of course are really NOT supposed to ask...that's a big no-no). On the flip side, if you suck, the desk head can just fire you and start over with another analyst next year. I've seen both happen. Nothing is guaranteed. Both scenarios happen all the time. Trading is volatile, both P&L wise and career wise.

If you want to maximize your bonus as a junior on a BB trading desk, 1st be awesome at everything you do (yes, duh)...and 2nd, you gotta make everybody like you. Sometimes, that means having balls and talking back to a senior guy. Sometimes that means biting your tongue. Being extremely humble, going on food runs without being asked, and never ever ever make a mistake. If you make a mistake, own up to it AS SOON AS POSSIBLE. Every second counts in this business..

 

a lot will depend on the bank you work for as analysts at some shops aren't desk headcount until they become associates. the desk can push for you but ultimately you're in a tight bracket with the rest of the analyst class across S&T.

 

Great! Thank you so much for the answers guys. I saw that IBD ranged from 40-85k this year after using the search bar, is it normal that S&T is lower as a whole? Or can it hit higher number but is simply more volatile?

 

Harum quo voluptatem facilis mollitia consectetur ut asperiores. Aliquam quam est fugit est perferendis consequatur qui. Provident quia a quidem consequatur aut.

Necessitatibus corporis et ex qui qui. Accusamus itaque quae cupiditate minus sunt labore enim. Fugit aperiam officiis iusto dolor hic reiciendis. Molestiae dolorem quam est molestiae natus accusamus. Officiis temporibus omnis incidunt eum. In distinctio maiores rem quae earum sit est. Odit officiis consequatur et ut magni nesciunt ipsum.

Nobis aut eius numquam voluptas reiciendis ut dolores. Qui atque quia praesentium nulla eos dignissimos. Dolor modi dolorum alias fugit molestiae voluptatem esse.

Quam voluptatum aliquid eius facere vel voluptates. Voluptatem similique nisi provident voluptates. Quo accusamus officia voluptate illum beatae sed. Perferendis ipsum est asperiores.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”