Bonus when leaving mid year
CF
Tags:
(Senior Baboon, 210
Points)
on 5/30/12 at 7:25am
Hey guys
When you leave a firm mid year, what is the norm for requesting your accumulated bonus? Do you ask you current firm for x number of months you worked or do you ask you new firm to cover the bonus your missing out on?? Or worse do you leave money on the table and suck it up BC of the better position your moving to??
Thanks





Btw this is for AM not the
Btw this is for AM not the usual BB IB analyst program
(experienced hire)
Why would they pay you a
Why would they pay you a bonus?
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
Lol. Why pay a bonus?
Lol. Why pay a bonus? Typically your best bet is to get your future employer to give you that with signing bonus, but I wouldn't get hopes up.
No way your prior firm will
No way your prior firm will pay. The new firm *might* give some signing bonus that could make up for this. Otherwise, I think you probably suck it up. I'm going through a similar process myself.
haha
haha
bean: you leave money on the
you leave money on the table and suck it up bc of the better position your moving to
For the most part, this is how it is. You pick one: your bonus or jump ship. Talk to the new place about the hit you're taking, they may or may not work with you.
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
The contract I just signed
The contract I just signed said you had to be employed with the firm on bonus day to get your bonus.
Yes, normally you have to
Yes, normally you have to stay through bonus day in order to receive your bonus. The only exception is that many firms (at least at bulge bracket banks) will allow analysts to leave at the end of their two-year program at the two year date and receive their bonus even if those are delayed.
So, for instance, if analysts at Bank X start in June, but bonuses get paid in August, first year analysts will have to stay at the bank for a year and two months to receive their first bonus. Second years can leave in June, provided they didn't sign up for a third year, and still receive their bonus in August when everyone else is paid.
Standard practice at the major private equity funds is to allow a new hire to wait for his bonus or to make him whole via signing bonus if the firm is looking to hire immediately.
You leave it on the
You leave it on the table....it sucks but sacrifices
Eventus stultorum magister.