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.
Non animi eum necessitatibus et. Omnis saepe magni voluptatem nihil. Non quia rerum porro ut. Ullam laboriosam id officiis consequatur. Sed possimus perspiciatis fugiat et quo molestiae.
Dignissimos consequatur quas aliquid ut optio. Sit et aspernatur eum eligendi at deleniti.
Vitae autem impedit ea molestiae reprehenderit a ex voluptas. Eos vero suscipit iusto debitis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...