2019/2020 Investment Banking Bonus Discussion

My bank is already having Comp discussions. Stub year looks like it will be $25k across IB,S&T,CB at my BB.

Following similar forms

Title:(An/As/VP and year being paid) Rank: (Top/Mid/Bottom) Bank Type: (BB/EB/MM) $: % Cash/Stock Notes

299 Comments
 

Love the discussion and all the data. I will once again be the BO crasher and participate in this so that you can see how the rest of the world lives on our meager numbers :) Yes, I can read the title of this thread, yes you will have to deal with it, you'll be fine.

Title: VP in a BO role (think tech, compliance, etc)

Rank: Top bucket, second year in a row; basically had the best review possible

Bank Type: BB and I'm in a midwest office; get to go to NYC and be Bud Fox a couple times a year

$: 20% on a base of 120k (I'm shading my numbers a bit here but you get the idea)

All cash

Notes

Live in a low-tax state so my salary goes further. I never, ever have to work more than 40 hours unless I choose to, can get my MD on the phone at any time. Work from home 2 days/week and I get ridiculous vacation that I actually use (I basically took all of December off for the holidays and I still didn't use it all). So, yes, you guys dwarf my bonus but I actually get to enjoy my time/cash and the job is generally low stress.

 

You don’t have to rationalize your bonus/role. It seems like you have a little bit of a chip on your shoulder, and you rationalize with yourself that it’s fine that you work in BO because you get all these other benefits. It’s fine to work in BO, you don’t need an explanation, but work in BO role because you enjoy it (and that can be enjoying the fact that you only work 40 hrs a week or that you take vacation, doesn’t need to be the actual work). I would ask you whether you like it, not whether you get to take vacation (although good to explain that you are BO when giving bonus info as it gives context).

Just know that there are many roles out there that have a good work life balance (and comp can still be high), and that the more senior you get the more that is true. Find a role you enjoy doing that gives you the type of life you want (whether that be flexibility, pay, etc) and do that. Most of my friends now are senior and scattered across the industry and they all enjoy time, vacations, family, etc.

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