bonuses

We are pleased to announce the launch of the Third Annual Investment Banking Compensation Survey (http://www.wallstreetcomps.com)

This survey is to keep you and your peers informed about the compensation trends in the industry. The resulting compensation report will be free and will break down compensation by title, location, groups and banks.

The survey is only focused on professionals (from Associates to MDs) working in investment banking.

That first ever quarterly loss on Goldman's prestigious balance sheet is already having some negative effects.

The FT reported late last night that GS Partners will be seeing an 80% decline in their bonuses this year with compensation packages halted at a paltry (for GS) $400 k.( http://www.ft.com/cms/s/0/ef5a2422-cc82-11dd-acbd-000077b07658.html?ncli... )

In addition, Morgan Stanley also announced it would be cutting bonuses by 50% this year. They are also introducing 'claw back' provisions in which they can withhold up to 1/3 of an employee's cash compensation for up to three years to reduce the risk of bankers/traders taking short term risks.

Ouch. Does that strategy actually work?

I was hoping to go into the Investment Banking, PE, HF, etc. Many of my ex-Senior friends from last year and 2- years ago were swallowed up by various eager banks upon graduation. Their employers were mostly Citigroup, Bear Stears, Lehman, Wachovia, Suntrust, JP Morgan, Goldman, ML, MS, etc - with a few more other regional employers such as Coca-Cola, record companies, etc. Those who went to Wall Street, and even those who went to Suntrust, Wachovia, etc. all got sweet jobs - mostly as analysts. Some of 2nd years claimed to be well north of $150K - with no end in sight. Needless to say, many of them got laid off.

For good reason everyone on the Street is talking about Michael Lewis' big Wall Street exposé, 'The End', in the upcoming issue of Portfolio Magazine. The guy really bitchslaps the model of greed and excess that put us in the economic hell hole we're in now. The Econompic Data blog, which makes awesome charts and other financial eye candy, put together a graphic representation of their favorite part of the Lewis piece: The Investment Banking Bonus Matrix. Behold as all the huge glorious wall street bonuses are explained in perfect clarity.

Are analyst bonuses paid around December/January or June/July. I would assume June/July since this is around the start date for analysts (By the way, exactly when do analysts start when they get out of college, June or July?) I'm particularly interested in this info for JPMorgan.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2Z_7EZpJryA&refer=h...

With increasing government regulation of the financial sector, which will only intensify with a democratic congress and President Obama, is the era of big bonuses offically over? Will we ever see finance guys making more than $5 million in a given year?