How are you spending your bonus?
Wall Street bonus season is here.
I’m a money reporter and I’m looking to speak with finance professionals about this year’s bonuses — how they compare to expectations, how you’re feeling about them, and what (if anything) you’re planning to spend them on.
Are you saving? Investing? Paying down debt? Making a big purchase? Sitting tight?
If you’re open to sharing your perspective (on or off the record), please DM me or email me at pcacheroATbloombergDotnet. We're looking to hear from everyone from analysts to MDs in IB, PE, HF and VC.
Confidential conversations welcome.
Based on the most helpful WSO content, bonus season in finance often sparks a mix of emotions and decisions. Many professionals, especially in investment banking, have expressed disappointment in recent years due to bonuses not aligning with record-breaking revenues. For instance, some analysts and associates have noted underwhelming payouts despite high expectations, leading to frustration and even increased attrition.
As for spending, the trends vary widely: - Saving and Investing: A significant portion of professionals prioritize saving or investing their bonuses, often in stocks, real estate, or other financial instruments. - Paying Down Debt: Some use their bonuses to reduce student loans or other debts. - Big Purchases: Others might splurge on luxury items, vacations, or significant life events. - Sitting Tight: Given economic uncertainties, some prefer to hold onto their bonuses as a safety net.
If you're looking for more detailed insights or specific anecdotes, you might find valuable discussions in WSO threads on bonus season.
Sources: 2020 Analyst Bonuses, Bonuses for Investment Banking 2017, What are you spending your bonus $$ on???, https://www.wallstreetoasis.com/forum/investment-banking/bonus-season-comps?customgpt=1, Cancelled Bonuses
Hookers and blow, baby
Paying mortgage
Invest it
Using it to pay taxes. Nice try, IRS.
Saving for the year when no bonus is paid
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