Sign-on bonus - when does it arrive?
IB
Tags:
(Chimp, 8
Points)
on 2/16/08 at 5:52pm
I was just wondering whether other analysts starting at BBs in July 2008 have received their sign-on/transition payments. If not, any ideas when they are generally sent out to starting analysts?







I get mine in my first
I get mine in my first paycheck. Sucks.
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Varies by bank but
This was 2 years ago but I think I got mine in April or so or shortly before training started in the summer. You have to wait awhile in some cases, sometimes they also only pay you with your first paycheck.
http://www.mergersandinquisitions.com/
Mergers & Inquisitions
I got mine two weeks after
I got mine two weeks after signing. Depends on the bank. It is something that you should ask your recruiter after you receive your offer.
Mine also came in April (BB
Mine also came in April (BB - CorpFin offer).
We were tentatively told to
We were tentatively told to expect it around Spring Break (mid- to late-March). Early April wouldn't surprise me hugely. Ours is supposed to come with the finalized materials on benefits, program dates, etc.
First Paycheck
I was told that they will be given at the first convenient time after starting, which I believe means the first paycheck, not sure though.
my BB said first quarter
my BB said first quarter 2008...i am still waiting.
Got Mine
Got mine a couple of weeks ago. Gross of tax. Scary to have to owe taxes at the end of the year.
What?? Some of you aren't
What?? Some of you aren't getting your sign-on until your first paycheck? What if your parents don't have money... how are you supposed to move? That sucks.
I get mine late April/early march. BB.
Got the first half of mine
Got the first half of mine in late Jan, 2nd half will be with first paycheck
My Color on the Signing Bonus
Told to expect to receive it between mid-March and mid-April with benefits package. BB IBD.
The Prince of Wall Street
http://www.princeofwallstreet.com
I agree
Got mine a couple of weeks ago. Gross of tax. Scary to have to owe taxes at the end of the year.
I got mine last week gross of tax
I have been told that mine
I have been told that mine will have taxes withheld and will not be gross but net of tax.
The Prince of Wall Street
http://www.princeofwallstreet.com
Gross of tax or net of tax
Gross of tax or net of tax does not matter for a couple of reasons.
1) Your bank might / should hit a paycheck at a later date for some of your signing bonus earnings - this will obviously reduce the amount you owe at the end of the year - but will make one or two of your training paychecks light.
2) If you're not working the first half of the year, it's going to be hard to owe taxes at the end. When you're getting taxed based on $60k and you end up making less than $30K for a calendar year, you get a fair amount of money back in the spring.
Getting mine with the first
Getting mine with the first paycheck.
Check or transfer?
How much tax withheld?
got mine this week
I received mine a week ago
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