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So, you get a 0 for your bonus....
 

heebbanker's picture
(Baboon, 140
 
Points)
 on 2/14/12 at 12:21am
zero.jpg

Then what do you do?

Quit the minute it hits the bank?

Take a few days off to cool down?

Come in at 9 and leave at 5? Without a bonus, you certainly aren't getting paid for long hours or weekend work.

What would you do?

yl715's picture

You aren't entitled to

(Chimp, 11
 
Points)
 on 2/13/12 at 8:26pm

You aren't entitled to anything.

In reply to yl715
Banker88's picture

yl715 wrote: You aren't

IB
(King Kong, 1,654
 
Points)
 on 2/13/12 at 8:47pm
yl715:

You aren't entitled to anything.

You're right, you're not entitled to a bonus. But if you worked for it then you deserve the bonus. So STFU.

Stringer Bell's picture

Assuming you're an analyst,

PE
(King Kong, 1,682
 
Points)
 on 2/13/12 at 8:59pm

Assuming you're an analyst, if you get a zero bonus the bank is either doing miserably and can't pay their people or you're absolutely the worst analyst that's ever walked the Earth and you're likely going to get axed soon.

West Coast rainmaker's picture

If it is the bank as a whole,

ER
(Neanderthal, 2,128
 
Points)
 on 2/13/12 at 9:00pm

If it is the bank as a whole, you just kind of have to take it. If that was the case, I would be looking to lateral. If they have eliminated bonuses, layoffs can't be far off.

If I alone got 0 bonus, I would try to figure out what the hell I was doing wrong and fix it. I would think they would just fire you if you were so incompetent to merit no bonus; its not like there's a shortage of analysts these days.

In reply to yl715
Neighbor's picture

yl715 wrote: You aren't

IB
(King Kong, 1,236
 
Points)
 on 2/13/12 at 9:01pm
yl715:

You aren't entitled to anything.

Tool.

I didn't say it was your fault, I said I was blaming you.

In reply to yl715
happypantsmcgee's picture

yl715 wrote: You aren't

O
(Almost Human, 9,627
 
Points)
 on 2/13/12 at 9:09pm
yl715:

You aren't entitled to anything.

Fucking Dork.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

marcellus_wallace's picture

whoops all your work on the

ST
(King Kong, 1,643
 
Points)
 on 2/13/12 at 9:15pm

whoops all your work on the company drive just disappeared...

In all honesty just fire the person it would be that much easier.

Pike's picture

That can't be good news for

IB
 
Points)
 on 2/13/12 at 9:16pm

That can't be good news for you

Good is the enemy of Great

In reply to marcellus_wallace
tellmewhatyouwant's picture

marcellus_wallace

ST
(Monkey, 61
 
Points)
 on 2/13/12 at 9:19pm
marcellus_wallace:

whoops all your work on the company drive just disappeared...

In all honesty just fire the person it would be that much easier.

Firing implies severance package, which is costly.

blackopsmonkey's picture

bonus is essentially deferred

 
Points)
 on 2/13/12 at 9:23pm

bonus is essentially deferred comp, so a bank paying you 0 (assuming you did great work) is pretty much akin to a bait-and-switch. i highly doubt this would happen, but if it did, morale would probably plummet and the bank would see a lot of top analysts leave...

In reply to Banker88
yl715's picture

Banker88 wrote: yl715

(Chimp, 11
 
Points)
 on 2/13/12 at 9:26pm
Banker88:
yl715:

You aren't entitled to anything.

But if you worked for it then you deserve the bonus. So STFU.

Of course- I didn't say otherwise. Good work (assuming such...) should be rewarded.

Ravenous's picture

It shouldn't be called a

HF
(King Kong, 1,347
 
Points)
 on 2/13/12 at 9:28pm

It shouldn't be called a bonus, which implies optional. It's year-end compensation. That's why it's within a range based on pay grade. It's not some whimsical number that gets pulled out of thin air.

The reason we all work so hard all year is because we know that we are going to get more or less whatever the agreed upon figure was. If they stiff you, legally you probably can't do anything, but it is similar to theft (DEFINITELY true at a smaller shop, less true at an investment bank or larger organization where the decision may be less personal). If I even suspected it might be low, let alone a zero, I would dramatically cut back my hours. As far as I am concerned, my employer gets 40 hours a week for the base salary, the clock is running for anything above that.

Rupert Pupkin's picture

1. Find a place to lateral

IB
 
Points)
 on 2/13/12 at 9:36pm

1. Find a place to lateral to.
2. Blow as much shit as you can off of the drives you have access to from someone else's computer.

JWR34's picture

Isn't it quite rare for

IB
(Orangutan, 255
 
Points)
 on 2/13/12 at 9:36pm

Isn't it quite rare for zeroes to be given out at the analyst level since analyst performance really has nothing to do with revenue?

I would think at the analyst level getting a zero is basically the bank saying "Find a new job, if you're still here in six months we're firing you."

Devils Advocate's picture

0 bonus is your cue to find a

IB
 
Points)
 on 2/13/12 at 9:53pm

0 bonus is your cue to find a new job. Wtf do I look like working these stupid hours with no comp?

Interview Guides
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Banker88's picture

I have not heard of an

IB
(King Kong, 1,654
 
Points)
 on 2/13/12 at 9:53pm
PossumBelly's picture

Even at the associate level,

IB
(King Kong, 1,692
 
Points)
 on 2/13/12 at 11:42pm
In reply to yl715
eriginal's picture

yl715 wrote: You aren't

AM
 
Points)
 on 2/13/12 at 11:45pm

"One man with courage makes a majority." — Andrew Jackson

Asia_i_Banker's picture

I have heard of an analyst

EN
(Orangutan, 266
 
Points)
 on 2/14/12 at 12:04am
kmess024's picture

Quit because you weren't

EN
(Orangutan, 312
 
Points)
 on 2/14/12 at 12:09am

The Four E's of investment
"The greatest Enemies of the Equity investor are Expenses and Emotions."- Warren Buffet

bearing's picture

Move to a different firm.

ER
(Neanderthal, 2,082
 
Points)
 on 2/14/12 at 12:22am
heebbanker's picture

To be clear, I am not an

(Baboon, 140
 
Points)
 on 2/14/12 at 7:53am
Something Creative's picture

An Associate at my previous

AM
 
Points)
 on 2/14/12 at 8:07am

"It is hard to fail, but it is worse never to have tried to succeed."

Theodore Roosevelt

orangejulius's picture

My friend at BB operations

CF
 
Points)
 on 2/14/12 at 8:14am
In reply to orangejulius
happypantsmcgee's picture

orangejulius wrote: My friend

O
(Almost Human, 9,627
 
Points)
 on 2/14/12 at 8:22am

If I had asked people what they wanted, they would have said faster horses - Henry Ford

rufiolove's picture

There's a lot of

IB
(Neanderthal, 3,579
 
Points)
 on 2/14/12 at 1:14pm

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

duluthaccountant's picture

Start updating that resume

O
 
Points)
 on 2/14/12 at 3:08pm
In reply to rufiolove
shark-monkey's picture

rufiolove wrote: There's a

HF
 
Points)
 on 2/14/12 at 3:34pm

Fear is the greatest motivator. Motivation is what it takes to find profit.

In reply to rufiolove
heebbanker's picture

rufiolove wrote: There's a

(Baboon, 140
 
Points)
 on 2/15/12 at 12:37pm
In reply to heebbanker
greengohome's picture

heebbanker wrote: I have no

IB
 
Points)
 on 2/17/12 at 9:23am
sk8247365's picture

don't give a shit what your

PE
(Gorilla, 528
 
Points)
 on 2/17/12 at 10:22am
canyonman's picture

glad the banking bonuses are

(Baboon, 112
 
Points)
 on 2/17/12 at 11:21am
In reply to canyonman
happypantsmcgee's picture

canyonman wrote: glad the

O
(Almost Human, 9,627
 
Points)
 on 2/17/12 at 11:24am

If I had asked people what they wanted, they would have said faster horses - Henry Ford

In reply to happypantsmcgee
canyonman's picture

happypantsmcgee

(Baboon, 112
 
Points)
 on 2/17/12 at 11:39am
In reply to rufiolove
D-Rock's picture

rufiolove wrote: There's a

HF
(Monkey, 47
 
Points)
 on 2/17/12 at 12:31pm

I want to be the best paid nobody that you never heard of.

In reply to canyonman
happypantsmcgee's picture

canyonman

O
(Almost Human, 9,627
 
Points)
 on 2/17/12 at 12:31pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

In reply to happypantsmcgee
canyonman's picture

happypantsmcgee

(Baboon, 112
 
Points)
 on 2/17/12 at 12:43pm
2x2Matrix's picture

What do you do if you get a

CO
(King Kong, 1,030
 
Points)
 on 2/17/12 at 1:27pm

One of those lights, slightly brighter than the rest, will be my wingtip passing over.

LeeteasY's picture

I guess ppl are right with

 
Points)
 on 2/17/12 at 2:18pm
In reply to LeeteasY
Ravenous's picture

LeeteasY wrote: I guess ppl

HF
(King Kong, 1,347
 
Points)
 on 2/17/12 at 2:34pm
In reply to canyonman
Bernankey's picture

canyonman

ST
(Gorilla, 613
 
Points)
 on 2/17/12 at 2:34pm
In reply to Bernankey
eriginal's picture

Bernankey wrote: canyonman

AM
 
Points)
 on 2/17/12 at 5:38pm

"One man with courage makes a majority." — Andrew Jackson

In reply to eriginal
canyonman's picture

eriginal wrote: Bernankey

(Baboon, 112
 
Points)
 on 2/17/12 at 6:28pm
In reply to canyonman
zeropower's picture

canyonman wrote: soon the fee

ST
 
Points)
 on 2/17/12 at 10:05pm
In reply to zeropower
canyonman's picture

zeropower wrote: canyonman

(Baboon, 112
 
Points)
 on 2/17/12 at 11:56pm
In reply to canyonman
zeropower's picture

canyonman wrote: zeropower

ST
 
Points)
 on 2/18/12 at 7:27am

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