6/26/07

100 billion dollars to 1st yrs.

Comments (51)

6/26/07

Just kidding. 85k to 1st yrs.

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6/26/07
6/26/07

Is that top of the range, or median? If top of the range thats up only about $10k from last year. I was expecting more in the $85-90k range (like the UBS rumors).

6/26/07

what are the top tier numbers for 2nd and 3rd years?

6/26/07
6/26/07

i'm gonna take bonus for 200 alex.

In reply to BrokenIncome
6/26/07
BrokenIncome:

I was expecting more in the $85-90k range (like the UBS rumors).

Call me crazy, but I think $85K just might fall into the $85-90k range...

6/26/07
6/26/07

LOL. Guess thats what I get for no coffee all day.

I meant $90-95. Not that a $5k difference REALLY matters..was more for my own curiosity.

6/26/07

85k , isnt that kinda low? GS is 110

In reply to Porsche576
6/26/07

Not really true - those goldman numbers were speculative. My guess is that they come in at around 95-100K top end.

6/26/07

85k low for a first yr? you guys have no idea how good you have it.

6/26/07
6/26/07

Can anyone provide some proof in the form of a picture (of pay stub)?

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6/26/07

Meant to say: Interning at a boutique. Coworkers can't believe the numbers. Looking for hard evidence.

6/26/07

i doubt anyone would be willing to post something like that

In reply to MetalJack
6/26/07
MetalJack:

Can anyone provide some proof in the form of a picture (of pay stub)?

LOL!

Would you like our birth certificates as well?
Don't forget our date of birth and mother's maiden name...

6/26/07

Just blot out any identification, etc. Mis Ind posted pictures before...

In reply to MetalJack
6/26/07
MetalJack:

Just blot out any identification, etc. Mis Ind posted pictures before...

The blurring and what not can be reverse engineered.

Oh, and there is that whole little thing about people not feeling like "proving" themselves to a forum is worth it.

But hey, maybe I'm just not a nice person.

6/26/07

Paranoid fuck just crop the fucking picture.

In reply to MetalJack
6/26/07
MetalJack:

Paranoid fuck just crop the fucking picture.

yea cause now hes surely going to do so...dude chill out - no one in their right mind is going to post a pic of their paystub, cropped, blurred out or whatever else you may suggest. why should they?

6/26/07

Tell any of us what motivation we have to post our pay stubs?

So you will be our friend?
So you will believe us?

Again, why do we care?

Oh, and this all ignores the fact that even those who know their bonus number already (I won't until Friday) won't see a pay stub until a few days before the direct deposit hits.

6/26/07

What an aggressive asshole you are, MetalJack.

6/26/07

Also worth keeping in mind that these numbers are 'supposed' to be confidential and you 'can' be pulled up if someone gets to know you went about disclosing them (and that too with documented proof on a public forum).

Not saying someone will get into trouble, but given that there is potential and you are essentially a nobody to him, your anger is highly misplaced and misdirected.

6/26/07

i'm guessing these so called numbers are only what top analysts get? as far as i know the range can deviate as much as 40% even within the same firm for analyst in same year..

6/27/07

given the fucking hoopla, that is a shit number.

6/27/07

That's a crap number. 5K more than last year ? wtf.

In reply to MetalJack
6/27/07
MetalJack:

Can anyone provide some proof in the form of a picture (of pay stub)?

none of the analysts get paid until july, so how could there be a paystub?

In reply to Jimbo
6/27/07
Jimbo:
MetalJack:

Can anyone provide some proof in the form of a picture (of pay stub)?

none of the analysts get paid until july, so how could there be a paystub?

Don't throw logic into this! A college kid wants a pay stub, so we damned well better give it to him!

6/27/07

Yes, I am a retard and failed to take that into consideration.

6/27/07

Yes, please do provide a pay stub. That way, we can know for sure that EVERY analyst at EVERY BB bank hasn't been lying about their comp for whatever reason.

Why the hell should they have to prove anything to you? I could show you a higher pay stub if you really wanted to see one, but there is no point - you know what the stub would look like and I have no reason or desire to prove any thing to any one on this site.

6/27/07

my pay stub is the size of my dong.

not just a BSD in name.

6/27/07

wait, just to get this straight, you're talking 85k bonus, so roughly 150k total comp for first years?

6/28/07

wait, just to get this straight, you're talking 85k bonus, so roughly 150k total comp for first years?

Including signing bonus, yeah, that sounds about right... but don't forget the RIDICULOUS tax rate on "extraordinary income."

In reply to Azuzu
6/28/07
Azuzu:

wait, just to get this straight, you're talking 85k bonus, so roughly 150k total comp for first years?

Including signing bonus, yeah, that sounds about right... but don't forget the RIDICULOUS tax rate on "extraordinary income."

Bonuses are taxed as regular income.

They are WITHHELD as though you were going to earn that check for every pay period.

But I'm sure you knew that.

6/28/07

You lose the time value of money, which is a hidden tax.

But I'm sure you knew that.

In reply to sleepyguyb
6/28/07
sleepyguyb:

You lose the time value of money, which is a hidden tax.

But I'm sure you knew that.

Not if you properly adjust your withholdings. Although this is easier said than done, unless you speak to an accountant.

6/28/07

You could actually get it to work the other way if you plan properly. What one could do is increase their exemptions to something ridiculous like 999 and thus, nearly no tax would be withheld during the bonus payout. You then bank all the cash and get your 5.05% interest rate on the entire bonus amount, even that amount you are liable for in taxes.

Come tax time in April, you will still owe the same amount in taxes, but at least you will have benefited from the interest you've accrued on that tax amount.

The one thing to remember is that to avoid any penalty from the IRS, you have to make sure that you've paid at least the lesser of 90% of your previous year's tax bill or 100% of your expected current year earnings. In the event that your previous year earnings are roughly in line with your current year earnings, you can still do the above...just make sure that before the year end, you make an extraordinary payment to the IRS to bring your total tax paid in line with the safe harbor levels above. That way, you still get the benefit of the interest income but avoid paying any penalty.

DISCLAIMER: I am not a tax accountant, so please check with your tax advisor on the above.

6/28/07

Bonuses are taxed as regular income.

I hope this is true for the end-year bonus, but when I got my signing bonus, the check was only for $6,000 out of the supposed $10k sign-on (therefore, 40% was taxed). I'm pretty sure the tax for regular paychecks during my internship last year was lower than that... around 35%... I can't really remember, but it definitely wasn't 40%.

In reply to Azuzu
6/28/07
Azuzu:

Bonuses are taxed as regular income.

I hope this is true for the end-year bonus, but when I got my signing bonus, the check was only for $6,000 out of the supposed $10k sign-on (therefore, 40% was taxed). I'm pretty sure the tax for regular paychecks during my internship last year was lower than that... around 35%... I can't really remember, but it definitely wasn't 40%.

Tax refund...

6/28/07

Azuzu, the reason more was withheld (not taxed higher) on your relo bonus was because the government assumes you are making $10k biweekly. Your internship withheld less because they were assuming you received $2.5k biweekly. You will calculate your actual tax bracket at year end and receive the difference in refund. There are no different tax brackets for bonuses. And, you can avoid this as mentioned above by adjusting your witholdings (so long as the government doesn't believe you are screwing them on interest--90% rule). Amount withheld does not equal your actual tax liability, you should know that tax code is to fked up to make that much sense.

6/28/07

Hmm...It appears its much better to get the sign-on bonus while you are in senior year, could save a lot on taxes i guess...

6/28/07

So does anyone know the REAL numbers yet? The 85k is made up.

In reply to roadie2
6/28/07
roadie2:

So does anyone know the REAL numbers yet? The 85k is made up.

My MD still hasn't heard my # (or anyone else's, for that matter) from HR yet. Not LEH though.

6/28/07

Many banks give out numbers today or tom.."JP, Bear, Lehaman, CIBC, CS..."

In reply to mass_banker
6/28/07

Hmm...It appears its much better to get the sign-on bonus while you are in senior year, could save a lot on taxes i guess...

Yeah, it was given out in October actually.

6/29/07

I know for a fact top bucket at CS is 90K for 1st yrs.

6/29/07
7/2/07

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