What kind of a bonus should I expect
Just wondering if anybody can give some insight. I'm not in IB but I am a Capital Markets Analyst for a regional bank. It is my first year. Anybody know what kind of bonus I should expect? I can't imagine it would be like the bonuses I see discussed on here for like S&T, etc. But should I expect more than a "pat on the back" raise of like $2-3k? For context my small group made like $10MM last year in a record year and we made close to $15MM this year.
Don't get your hopes up and expect anything at a regional bank. If you want a number, I'd estimate a $1,000 gross "bonus" and a 3-5% raise. As a disclaimer, I am not and have not ever been a capital markets analyst. I'd be interested to hear what actually happens for you.
I'll update when I find out. I honestly didn't even ask about the bonus process because I wasn't expecting anything from a regional bank. But because our group is so variable and we crushed our record I was curious if people thought I might get something significant. I think I find out sometime in Feb.
I hope, for your sanity, you're rewarded. Looking forward to your update.
did you not receive a target range in your offer letter??
nope
not to be the bearer of bad news, but you should've received a target range or negotiated one prior to accepting. i'd expect no bonus or maybe an immaterial amount since it's not in your contract. hopefully your company will prove otherwise
I joined a group under the capital markets wing of a regional bank, and my colleagues have all told me bonuses are typically 15-30% of base, which I wasn't expecting, especially because nothing was said in my offer letter. So I'm not sure the fact it wasn't mentioned in the offer letter is a great determinant of bonuses.
Just got a notice that I am getting about 6.5% (4.5% bonus plus a 2% bonus to my 401k contribution) - but it is all based on company-wide performance. I'm holding out that there is something based on individual/group performance as well.
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