Confirmed Bonus Intel

i got slightly less than 50k... apparently it's the double of what people used to get in my firm.

my head explodes...

thats still a shitload of money for a frsh college grad

Which year are you cain? When did you know your number? I have yet to hear about mine..

i am finishing my first year, but at a steak house bank. so dont go by my figures. numbers hit the pay stub yesterday.

I can't bear to wait anymore!!

Ok PP...these are the OFFICIAL # ..meaning I have friends who actually work in these banks ang gave me the number
CITI, UBS,70 to 90; Lehman, JPM 70 to 85; CIBC 60 to 80.

ouch, that is a punch in the nuts.

Yeah dealbreakers' #s are way too high..the top so far is 90.

how is this a punch in the nuts?

Coz dealbreaker estimated much higher numbers..that kind got all the analysts' hopes up...

Do you think that fears of a recession killed the bonus numbers slightly?
Can anyone predict what bonuses are going be like next year?

Read some of the not-so-obvious reasons why DealBreaker posts these numbers. The true effect may be dubious, but gotta give it to them for trying ...

"Back to bonus speculation – to our surprise (and also because starting in 2003 M&A deal volume and forecasts kept increasing year after year) it seemed like the more inflated speculation became, the more banks starting scrambling to issue statements that they were going match the payouts of rivals (to prevent a premature analyst class summer riot). JPMorgan would scramble to match Citi, Goldman would scramble to match Morgan Stanley (or top it and laugh, as one of the last payouts in late summer), and all would scramble initially to match absolute conjecture, and SunTrust. Peer pressure can be a very powerful force in irrational bonus bump-ups (just see what our fellow site Above the Law has done with its Skaddenfreude campaign - caused panic at several firms paying well under market levels), so that’s why we present to you DealBreaker BonusBumper 2007."

"Part of this was a joke, as bonus speculation emails absolutely rocket around the bottom of the financial barrel, exploiting the naiveté of fresh Street urchins and single day payoffs that justify years of douchebaggery."

http://www.dealbreaker.com/2007/05/dealbreaker_bonusbumper_2007.php#more

Bonus was a 15% bump across the board from last year. There's absolutely no reason why it should be more than that. Yes, 2007 was another banner year in IBD, but relative to 2006 it was not as good as 2005-2006. 2005 to 2006 was a much bigger jump, hence the jump in payout (i.e. 65K to 80k for 1st years - 31%).

Anyone who seriously thought Goldman was going to pay 110 is a nutcase. Everyone is happy with the 15% bump, as they should be. Anyone complaining about making 160 grand right out of college is off their rocker.

Words fail me. I cannot even begin to describe how offensive I find the notion that analysts would consider a $70-90 range unacceptable.

This is absolutely right. With GDP growing at ~3% per annum, first year analysts want to see bonuses go up 25% per year, every year. This is hilarity at its finest.

dealbreaker got everyone all hyped up too. Emma is dead on.

This is pretty much right. Lehman was 70-90 along with UBS, CS, BofA and Citi. Don't know about JPM. Wachovia might have actually paid higher, I think 2nd years topped out at 120. The rest of the street paid 90/115/138.

Is it safe to assume that most the MMs were inline with CIBC's 60-80?

Not sure. I actually heard a rumor that William Blair paid 100 for first years, but that could be untrue. They're also a MM boutique that has a small analyst class so a great year for them could help them pay out more.

HLHZ pays out next week, so that should be a pretty good MM comp.

Everyone needs to chill out with the bonus debate.

First of all, an extra 5k to 10k really doesn't matter in the scheme of things. I hope people aren't short-sighted enough to do this job for the money (that comes later in life).

Second, people often get flustered on this board when someone asks a question even though knowing the answer won't influence what they do. Are you going to work less now that you know top bucket only gets 90 instead of 100? -No, you are going to bust your ass still.

There are many, many entry level jobs where a 5-10k flux in compensation is very important; However, this is not one of them. Jeez, people complaining about making 150k instead of 160k their first year out of college, what a joke.

nope, see my first post.

Do you happen to work at piper?

Can one safely say these ranges apply to sales and trading analyst classes also getting paid on a summer schedule?

I've been saying since day one that bonus numbers would remain static for the most part. To hell with the spreadsheet, use some common sense. 70-90K is weak though.

actually, william blair analyst were at 100, 120, 140 and so were cowen analysts.

but i do agree that 5-10k is not that big of a difference, esp when taxes are taken into account.

just to clarify, is the number(70-90, 70-85, etc...) the number JUST for the bonuses or does it include the salary aswell.

Is that a serious question Rohan? of course its only the bonus..all in for the first years should roughly be 130 to 160K (including sign on)

i do not. i think piper is actually better.

can anyone else confirm the william blair figures?

Any news on the MM front?

Anything new on Bonus discussion?

William Blair did pay their top first year 100K. Then again, their bottom guy got 50.

Heard Houlihan paid $85 for top first year.

Bank of Montreal paid 90/110/130 at the top end.

JP Morgan was 90/110/130.

Citi was a 2 or 3K less at each year than JP Morgan.

Anyone hear anything about Gleacher, Evercore, and Greenhill?

Rumor was that Thomas Weisel was going to have a very bad year, can anyone confirm that?

Citi was 90/115/138.

DB was 90/115 for 1st and 2nd don't know third.

Most BB's throwin down 150-160K all-in for 1st years, damn...

Thats almost 40 bucks an hour for them...

Where did GS, MS and UBS come in (1st years, 2nd years and 3rd years)?

was 90/115 also for 1st and 2nd years. Don't know about 3rd years.

GS doesn't announce until late July.

I am one of the founders of a new company called CareerNumbers. We have created a website that allows people to anonymously post their bonus information and then review the results by level and company.

For example, the top bonuses at Bear seem to be 105 for 1st Year Analysts, 115 for 2nd year Analysts, and 140 for 3rd year Analysts.

To view the detailed results, visit www.CareerNumbers.com, complete a seven question survey and you will be directed to the company specific results.

Also, please invite your friends to complete the survey since the more information that we collect, the more information that we can display.

I am one of the founders for a new company called CareerNumbers. We have created a website that enables people to anonymously post their bonus information and then review the results by level and company.

We recently posted median 1st year Associates salary and bonus information from several of the leading banks. In the US, base salaries at BB firms seem to fall between 85 and 95K and bonuses range from 60 to 200k. To see how compensation varies by company visit CareerNumbers.com, answer a 7 question survey about your compensation and you will be directed to the survey results.

Please note, this information includes compensation figures from throughout the world, so the base salaries may seem higher than the typical salary in the US although bonuses seem to be in line those received in the US.

For what its worth, pay for IB analysts in London is fairly uniform, give or take a 10% variance across the banks.

Analyst 1 - £35-£42k base / £30-£45k bonus
Analyst 2 - £40-£50k base / £40-55k bonus
Analyst 3 - £50-60k base / £50-£75k bonus

And people, lets not lose sight of reality here. Its a hell of a lot of money whichever way you look at it. A 22 year old straight out of college knows jack about sh*t and to get that amount of money is insane...

There is some interesting info about compensation by city for 1st year IBD Analysts on www.CareerNumbers.com. For example, Analysts in Houston and Dallas seem to be making only 30k less than those in NYC.

The careernumbers info may be correct from a statistical standpoint, but it is not correct to think that you will make less just because you live in Dallas or Houston. I have tons of friends in Dallas and Houston, and their total pay package was similar to that of NYC analysts. If you work for any of the big boys, you will not take a hit for being in a satellite office. My guess is that there are a lot of botiques in Dallas and Houston, which might tend to pay a bit off the street average.

Are these figures only bonus? Or is the total compensation package for citi, UBS betweek 70 to 90? Please confirm...

Are these figures bonus only? or is the Citi UBS 70 to 90 the total compensation (including bonus and base)?? Please confirm.

that has to be bonus...salary is 60k across the street so all in would be min 120K+ using those numbers