Mid-tier European Bank decreases cash bonuses by 20-30% for analysts since last year. Some second year analysts got paid the equivalent of the stub first year analysts received last year. For reference, one group had a top-bucket bonus of 60K, with mid being 45K and low being ~30K. In other groups, mid was closer to 55K, with top being closer to 70K. Wanted community to be aware of this in case there are some who are interested in joining a large European bank during these troubling times.
Of course, these are all first world problems, and people will accuse me of receiving a low bonus, but actually was towards high range of this spectrum. Happy recruiting everyone, its open season!
