2009 Bonuses

where did you hear that from? i guess we won't know until around feb

I've heard it's going to mostly (say 90%) recover to 07 numbers (due in part people got shafted last year)

heard from a family member in a BB. Associate/Total(including bonus) = $178,000

I would look for a much stronger recovery on the S&T and Capital Markets side (ECM/DCM), as it seems most of the revenues are stemming from the FICC and Underwriting activities, not M&A.

178 sounds pretty low. even consulting associates make 175+

^ Yes it is. I was referring specifically to McKinsey, where Associate refers to a post-MBA position.

Thanks for your utterly irrelevant and useless contribution ews09.

^ What's irrelevant about it? I was commenting that 178k sounds a bit low for a banking associate's comp, and that it's not much higher than that of comparable positions in consulting.

To start off with, 178K isn't low for anyone, anywhere and in a world where kids starve on a daily basis, bitching about almost 200 grand in a year is pretty disgusting. That said, 178K isn't low "for a banker" either. It's a low year certainly, and years don't really get lower than what we've just had. But it's not like this poor Associate got shafted with $178K while everyone else was looking at $850K. That's probably the level across the board.

Post MBA Associate Consultants make around $110k base salary. Their bonuses are now up at $60k? That doesn't sound right.

bump

Here we go again, my favorite topic: Bonus Speculation

You will not find out what your bonus is until January or February so please stop this guessing game.

Where is Marcus when you need him, maybe we can help these guys work out the tax implications of these phantom bonuses just like last time...

Work for a CDN I Bank in NYC office in DCM. Associate, $95K base, $65K bonus, or $160K all in.

What's with all the associate talk, let's start guessing on analysts, 1st year to 3rd.

Girl I konw in HR at BB is saying comp is expected to be on par with last year so don't hold bredth. She did say that there was likely to be a small % diff between total comp of 2nd and 3rd years.

Would you still stay in banking if comp this year is on par with last year? Or would you stay another year hoping that 2010 will be blockbuster? If it's anything like last year, it's just not worth it.

Last year a lot of BB kids got 40k. With a 70k base that is 110k all in 1st year. what do u guys think about that

I am willing to tolerate no less than 100k 1st year, 120k 2nd year, and 140k third year. Any less than that and it isn't worth it. Those numbers might seem low to some, but after the shit-storm the industry/economy has been through and the new financial regulations that are coming, I figure this minimums seem pretty fair.

Bonuses will be good this year, especially for analysts, in my opinion. We don't cost much and are easy to keep happy in times like these. That said, it depends on the firm. GS will set the pace, with all the press they are getting they have to. Other banks are just not on par with them; the vibe here in NYC is mixed all over. Also, this question is so broad and is talking about Associates. I work for a 2nd year who things bonuses will be on par with some of the better years during the last bull run. I work for another third year who says prepare for the worst. GO figure.

Well depends on where you work - many banks had blowout years in ECM ....

Things will likely be "average" this year, with much variation between firms and individual performers.

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i'd rather work at piper jaffray than troll boards and work at ecm in backwater pidgeonholed asia like you. ecm in asia, that's like double pidgeonholed lol.

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Jesus this site is getting awful.

seems like u don't have a job with all ur posting around here.. not to mention "Not sure - i interviewed there a month ago " -pokersliar

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You two are cute and everything but can you please stop cluttering the board with your back and forth across multiple threads?

Fordham Lol

Sorry if I got carried away - I hate kids like Fordham who talk so much trash without even having a job / having worked 3 months as a 1st year