So what do you guys think? Fees have been revived a little bit in the LTM, particularly with the huge deals in Q1'13. Are we going to see an increase from the weak bonuses of last year?
| +313 | Return Rates For Interns Are Falling? | 129 | 1h |
| +141 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 14 | 14h |
| +119 | I am a drunk MD AMA | 40 | 6h |
| +95 | Evercore > Goldman and I don’t think it’s particularly close anymore | 38 | 44m |
| +81 | UBS Offer Day | 29 | 15m |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 5d |
| +52 | I hate Wells Fargo | 13 | 29m |
| +44 | No return offer - feeling like a failure is an understatement | 16 | 5h |
| +43 | WF Return offers | 28 | 1d |
| +39 | Should I go back into a junior IBD role for comp? | 16 | 21h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Well if you're UBS, probably going to cut your first years a week before bonuses so doesn't really apply.
In all seriousness (I was only half joking above) it all depends on group.
Not sure that top-bucket analyst bonuses are that group dependent or even that bank dependent. So often the banks want to stick to "street level" bonuses, that, at least for top-ranking analysts, the numbers are fairly similar, maybe 5-10k different. I agree, though, that at associate and above and even mid to low bucket analysts there's significantly more group and bank dependent variability
To clarify - if you're in Barcap municipal finance vs M&A, there will be a noticeable difference in average numbers. Top bucket will be top bucket, but only the top couple analysts even make it there.
The compensation consultants say pay will be up a tad this year, but analyst bonuses are always tough to predict due to the random rounding to the nearest $5k.
Agreed, but generally people reference top-bucket numbers when comparing bonuses across years
True, but that's a pretty misleading measure, to be honest. A lot of firms are propping up their top-bucket bonuses to match the Street, but making up the difference by cutting the lower-tier bonuses and decreasing the number of analysts that receive top-bucket pay. But I guess no one is shopping firms based on the mid- or low-tier bucket, even though that's what most of them will be receiving.
I can't speak directly to the reasoning behind the practice, but I was told by a trusted friend that works for a sizable IB that something similar was going on at his bank. Essentially fewer people were getting top bucket and then the spacing between the other buckets was spreading out a bit and the folks in the bottom bucket were getting significantly less than the bucket above them...as opposed to years past were it might have just been $5k or $10k, it's more likely to be $15k or $20k.
Regards
That's correct. Ranges are much wider than they used to be. $20k is an understatement at some places.
Piper Jefferies pays all analysts the same. Around $100k for 1st years.
now that jefferies is getting more legit we need a new way to shit on piper jaffray
Recusandae voluptatem sint ullam suscipit rerum ea. Voluptatum distinctio qui non esse accusamus nostrum. Totam vel omnis id fuga debitis. Earum aut voluptates non est voluptatum suscipit et.
Quaerat sunt aut eum deserunt neque consectetur dolore. Aut cum eos deserunt eaque. Est aut ab harum eligendi officia labore.
Similique quasi sit vero commodi. Ab quia error qui. Consequuntur ut aliquam ea ut. Quo corporis architecto ut est nam dolores veritatis. Velit eos accusantium itaque voluptatem. Quae nesciunt accusantium distinctio ipsum hic ipsam magnam.
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...