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I hear they are handing out $25 Dave and Buster's gift cards for top tier this summer!
Honestly, if someone from HR who was in the know were on these forums, they would probably be summarily fired if they were ever ferreted out for visiting here, let alone posting something confidential like that. AFAIK, your MD doesn't even know your final number until about 2-3 hours before you do.
Rumor has it that a few banks pushed the timing back a month, so might have to wait even longer.
get your number mid july, money hits account end july. end of story.
That's what I'm hearing. Haven't been told anything official, though.
Just firing up the rumor mill
A couple months ago, I would have speculated 60-70 for top bucket 1st years, but now I'm at 50-60.
I think it's moved up. Nobody wants to go first.
agreed (pure speculation)...also interesting to note banks report earnings 2nd half of july....maybe take some heat if they report big #'s?
just throwin ideas out there
Work at a middle market shop, we are announcing numbers mid-to-end June and getting paid June 30. Rumor has it that top number is $55,000.
people focus too much on what top tier bonuses are. what's more telling is what 2nd and 3rd tiers are. last year, by my estimation, about only 5%-10% of analysts at BBs got 1st tier ranking. significant majority were 2nd and 3rd tiers.
based on what i'm hearing from my friends at boutiques (which tend to has more clarity or be more predictable), i think this year's 2nd and 3rd tiers will be around $50-$60k (for 1st year analysts)
OK -- we have three buckets, and it's dispersed pretty evenly (33%-33%-33%). My guess is that it'll be $55-$50-$45 (in thousands).
What do people think about for 3rd year bonuses? Particularly in the middle market. I've heard rumors of $100 - $120K at the BBs. But, I doubt MM banks, even solid ones, will be paying that.
MM boutique in southeast paid $67-$70 as top bucket for second years. Pretty disappointing news throughout the firm.
It could have been worse. At least that's enough to cover a nice steak dinner. ;-)
Citi and CS, bonus communication date end july, hitting bank accounts mid august...
As a follow-up, first year top bucket $55.
No word yet from my bb, we're supposed to find out end of july
My BB is communicating bonus numbers on July 15th. Is this going to be the first?
WSO123 - i think so, we were supposed to hear then, but the date got moved back
I think UBS is communicating this week. CS, Citi, JPM, BofA, DB have moved to the end of July. Unsure about MS or Barclays - can someone confirm when these two are communicating numbers?
1st year top bucket of $55k? That seems pretty fucking shitty for top bucket.
though he did mention it was a MM in the southeast, so $55k in charlotte or atlanta (or any other market in the southeast) can go a pretty long way, especially considering the hours at a lot of those MM regional banks are less.
I won't specify the city, but historically we've been comped at or above street. Additionally, our hours have been on par with the street, especially this past year given capacity shortages on the junior levels (analyst and associate). Ball park 80-100 hours per week depending.
The rationale for our comp this year was that it was "in-line with the street" which I found curious considering the street hasn't released numbers yet. My recommendation for those at BB's is to re-align your bonus expectations.
bump
My current thinking is that up until April or so, bonuses were looking to be around 65-70k for first years, but with the massive slowdown in dealflow (which has its own merits of course), things are going to be pretty much flat from last year.
Morgan Stanley I think the bonus hits account August 15th.
Barcap I believe finds out their number at the end of the month.
Wells Fargo analyst get their numbers this Friday (July 15th)
Well, July 15th is today, thursday
UBS found out today - anybody know how things came out?
i also wanna know numbers for ms, ubs and wf
I heard top was 65k for UBS 1st years
Can anyone confirm this??? According to Dealbreaker, UBS was going to wait for GS and MS to announce...
http://dealbreaker.com/2010/06/bonus-watch-10-ubs-stalling-for-time-gol…
Can anyone confirm this??? According to Dealbreaker, UBS was going to wait for GS and MS to announce...
http://dealbreaker.com/2010/06/bonus-watch-10-ubs-stalling-for-time-gol…]
it's written ubs is releasing their numbers in mid-july (which is now)...the second part talks about JPM and how it's going to wait until GS and MS numbers.
65 is good...wasnt 50 originally reported??
I heard 50-65 for first years as well, which falls nicely into the previously expected range. Does anyone know what was range for second years? I can make a broad guess based on the first year range but would like to hear something concrete...
UBS announced today. Heard 55 and 65 from two different sources. Obviously hoping that the latter is true.
should be 65. source told me that 2nd year is 100% base pay, which is 80k. this is not bad for UBS at all
Good sources say tops is 75 for 2nd yr and 100 for 3rd yr at BB
ill just assume you mean wells fargo... charlotte, ny or san fran (isnt that where their other IB is? not positive)?
A friend of a friend said JPM released numbers yesterday. Is that true?
bkm125 - you have bad intel and a dumb friend.
http://dealbreaker.com/2010/07/bonus-watch-10-ubs-2/
Top bucket at Wells was $55K for first years. I think second year top was ~70K and I'm not sure about third years
could anyone already working in the industry tell me how wide the typical spread between bottom bucket and top bucket tends to be? would it be like 30k-60k or more like 40k-55k ?
Walter Sobchak: So you have no frame of reference here, Donny. You're like a child who wanders into the middle of a movie and wants to know...
Basically me. I'm about to start last year of college and trying to break into IB and was wondering what bonuses everyone is talking about? I was told (and probably should do a lot more research) that you get a starting bonus, salary, and christmas bonus. Or is this where "Christmas in July" comes from?
analysts get their bonuses in the summer. after that, they pay you year end. since the analyst program is more of a definite amount of time, they dont plan [usually] to keep paying you for the long run (like the higher-ups, who make more of a career out of it instead of a 2 year stint), so its just easier to pay in july. and i believe its trailing 12 months, so july to july (or some variation of the sort)
Thanks dew2229. One other quick question I have (sorry this is going a bit off topic) but another thing I hear is "You start off as an analyst, after 2-3 years, you go to grad school, then you work as an associate". Does the firm pay for your grad school? And what do you do while in grad school? I mean yes, there's attending classes and such, but do you still work for the firm?
It is off topic but here are the answers: MBA is not paid and no, you don't work for the firm while studying.
Spoke with a friend at UBS (he is a 1st year). Top bucket is 65K.
Wells top bucket (a 5) 1st year is 70k
While this may very well be true, the question to ask is how many analyst made top bucket?
Rumor has it 1st years got shafted at WF and that there are no top buckets...how that works is beyond me (and my source), especially considering the relative lack of deal flow last year but the large(er) number of a 5s WF had.
Regards
3+ 2nd year at WF 52K
boutique in west coast: 65k
seems like bb's are not the way to go anymore
B4l : Is that for a first or second year? And what hours do you normally work? Just curious as to the hours because it seems as if you got paid just as well if not better than the BB's. Is this like a WSO boutique (lazard, ghl, etc) or a no name boutique.
i'm technically 1st year since i lateralled over from a non-ibd front office position at a bb
i'm doing about 80 hours a week which is not bad at all. i dont know what wso boutique means but it is not an elite boutique like evercore/lazard/ghl. it is a boutique ppl have heard of though.
b4l is it with 60k base and 10k sign on?
nope, 70k.
I thought last year's full time get 60k across for BBs? if you get 70k,10k , and 65k on top of that, that is a pretty sweet deal
Small MM shop > BB....
maybe for thsi year but not when things pick up. does anyone know about the other BB's and whether or not summer analysts get extra bonuses tto sign on for fulltime.
I was told that WF offered 5k to SA who accepted their FT offers by a certain date. I wouldn't think that most places do that, just not sure.
Regards
cph bravo: Many more made top bucket (4 and 5) than last year. Unlike associates, analysts are paid in the summer and were shafted last year when huge deal flow kicked in 3Q and 4Q 2009, which is true for all banks as seen by the 40k bonuses last year.
This year's bonus reflects a more normal environment for analysts and yes there were quite a few top buckets. Even so, a 4 would get about 60k which isn't too shabby.
That's good news. My buddy works there and was getting concerned with what the bonus was going to be. He works more hours than anyone else I know in banking so it is probably deserved. Glad he isn't getting shafted. Thanks for the info.
Regards
what's generally the range between the top and bottom brackets?
at CS its 15k, ubs is 10k. my cousin worked at S&T at baml though and he said everyone gets paid the same. is top bucket not existant for S&T?
what are middle market guys getting
analysts in my group got shit but thats because they are a bunch of whiney pussies
Will analysts at the middle markets & boutiques, please add some numbers if you have received them?
Based on confirmed and rumored reports, it sounds like top bucket has generally been coming in @:
First Year: $55-65k
Second year: $80-90k
Any contrary views? Any thoughts on whether bonuses announced in Aug will be higher / lower / in line with those already announced?
i am an intern but i asked a analyst at ubs and he said he got 40k. is he mid bucket? what is the range from top to mid to low?
Not sure where these numbers are coming from but my understanding is that top at UBS for a first year was $55k and top for a second year was $70k. The ranges I believe are $40k-$55k first year and $55k to $70k second year. Does anyone know a first year at UBS that got over $55k or a second year that got over $70k?
UBS is not the only bank that has reported.
buddy of mine who works at a BB in trading has a close friend who works at UBS (S&T)...said 1st years top bucket was in fact 65k. I work at aBB (S&T) as well but they havent posted #'s yet
Too much focus on top bucket, not that many people get it. Much more interesting number to see what the mid level performers are getting paid (which is most of us).
agreed
UBS first year numbers may be inflated by $10k due to first year making $60k salary and second years making $80k. I believe top bucket for first years was actually $65k and top for second years was $70k. Mid bucket for first years I have heard was $50k.
no way my friend is bottom bucket, his 40k is either mid or top.
bump
bump again
70k at an elite boutique, 150k all in comp for 1st year
Any other intel on elite boutique bonuses?
^I don't believe that.
Any news on Barcap or the other BBs?
Dealbreaker had a post about Barcap bonuses I think.
BarCap -> $50k top bucket 1st year. Confirmed.
BofA reported yesterday, anyone have the info for first years? Their range was 50-70 for 2nd years.
BofA -> $55k top bucket 1st year. Confirmed. UBS -> $60k top bucket 1st year. Confirmed.
Can anyone confirm the usual spread between 1st/2nd/3rd years?
Does bottom 2nd usually = top 1st? So that...
1: 45-55 2nd: 55-65 3rd:65-75
Has anyone heard of a 3rd year getting promoted to an associate and not getting a sign on?
Houlihan Corp Fin 1st year top bucket: $50k. all in $120k.
I bet restructuring is higher though since they killed it.
I'd like to know elites as well like evercore and lazard
And Blackstone, Greenhill, and Moelis.
Houlihan Restructuring:
1st Year: $65K top 2nd Year: $90K
Confirmed.
My internal defense mechanisms won't allow me to accept this.
so no one is gonna post BoA #'s? REALLY
so far for 1st yrs all we have is this: UBS 65k BCap 50k Wells 70k? BoA ????
http://dealbreaker.com/2010/07/bonus-watch-10-barclays-capital/
there's some discussion here, as well. only occasional useful data mixed in with hilarious smartass comments...
moelis is not elite but yes the others you listed
apparently JPM is getting paid better than street...
What does that mean? "Street" is all over the place this year...
So when someone says "The Street", substitute in "the other bulge bracket firms headquartered in NYC" or "average".
1st year #
anymore datapoints?
heard LAZ was 70K and CS was 65-70
lol @ this. Heard from primary source that Laz paid their TOP 2nd years 65k. They're the only boutique I know that underpays their outgoing analysts.
Would never go there if this, along with the crap i hear about culture is true.
Based on the posts in this thread, Harris Williams also underpays their outgoing analysts (top bucket for second years was 67.5k with a base of 75k). Important data point for those deciding on BB or MM banks.
I can personally confirm this. Lazard has been underpaying the street for a few years now, not just to departing 2nd yrs. Their 1st yr bonuses were low too (VERY few top tiers and most people got 50k or less).
Contrarily, dealbreaker just reported Blackstone M&A 1st yr bonus (85k), and 100% of their analysts got that. As usual, they paid WAY above the street (although their M&A group did have a GREAT year again)
street seems to be 50k which is barcap/ubs low's.
haha this thread is hilarious. Seems like a 40K bonus is complete shit these days. Holy fuck.
DB this past Thursday. As people mentioned earlier, top only includes a handful of kids per year.
1st - top is 66 2nd- top is 83. wide range - goes as low as 40 something 3rd- top is ~110. low is ~70
From what I've heard everything that has been posted seems to be accurate. Also, top 1st year at BAML was 60 or 65 and JPM was 65 with an increase of 20k for every year
how about in London?
Heard MS paid 50 top or near top
1st Year Street Summary:
Wells Fargo – 70 Lazard – 70 CS – 70 DB – ~65 BofA – 65 UBS – 65 HL (Restructuring) – 65 BCap – 50
If not too many get top buckets then db is estimated at 55k for upper tier and wf is prob at 60 for upper levels. I also heard 50 for ubs top and ms top.
I think Jpm is 70
no idea where user1019876 got his data
BAML: 1st year (top) = 60 2nd year (top) = 70
MS #'s are significantly higher than those being quoted here ...
CS paid 100% of base to top tier so did MS ...
MS #'s are significantly higher than those being quoted here ...
CS paid 100% of base to top tier so did MS ...
all these lowball figrues are from dudes who got paid low but don't want to admit they didn't get top so they all go and say #'s were low
I agree - many tier 2s and 3s in denial...
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