2nd Year Analysts vs. Summer Associates

Buck2210 — Wed, 23 Jul 2008 00:24:58 -0400

I know this is probably group specific, but what is your general view on the relationship between the summer associate and the 2nd year analyst?

In my group I am the only analyst left after layoffs and we had a summer analyst come through (who was real cool with taking my orders), but now we have a summer associate (5 week rotations each) who is less inclined to listen to what I have to say (he's left the past two nights at 11 - leaving me to pick up the work that I assigned to him). Normally I would say this isn't a big deal, but with the way our VP staffs things up, it's usually 50/50 up to the associate and myself to send stuff down to the summers. There is "title" that he has on me, but the staffers for the overall group mentioned to us to "treat them both as summer analysts" before they came into our group.

Is this commonplace for a summer associate to boss around a 2nd year analyst, or is this guy just asking to go back onto the job market in August?

Piper Layoffs

Buck2210 — Tue, 03 Jun 2008 17:51:49 -0400

Heard today the analysts at Piper in Chicago were getting 2 months severance plus $55K for a bonus. I got this information second hand, so I cannot confirm the number, but my source is fairly solid.

I don't know if this applies just to first years, or all analysts in general. Either way, have to feel bad for them.

(also can assume Piper is predicting $55K as the standard for bottom-to-mid bucket bonuses this year, likely for first years)

Wachovia Pay

Buck2210 — Thu, 31 May 2007 15:31:30 -0400

Does Wachovia pay the same bonuses across the board regardless of location for its IBD? I know NYC is in line with JPM, but is this just for NYC? Any insight would be much appreciated. Thanks.