Say you start work in the middle of the year (July) and bonus season is at the start of a year, how are first year analysts paid their bonus? Is the bonus stubbed?
If you have to wait a full year, when is the 2nd year bonus paid? Or will one have to work 1.5 years until they get their first bonus?
Also, at what time will one be considered a '2nd year analyst'? At July the following year?