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
Title: As1 Rank: Mid Bank Type: Canadian BB (NYC Office) $61000 bonus (full year); $150k base, upgraded to $175k as As2 Total Disaster
maple syrup coverage groups are considered canadian BB
Title: An2 Rank: Mid/Top Bank Type: BB $: 70k % Cash/Stock: 100% cash Notes: 90k Base
what BB is 90 base?
is this s&t?
Yes S&T most BB (JPMorgan,Citi,GS) offer 85k An1 / 90k An2
Associate Salary vary from what I hear it is 140k Aso
Title: As1
Rank: Mid/Top
Bank Type: Canadian BB (NYC Office)
Bonus: $77
% Cash: 100%
Base: $150 (moving to $175)
Note: A sinking ship. Also curious about MS base bumps for all associates.
Not IB, but CB.
Title: AS1 (full year) Base: $125K Bonus: $75K
NYC. Hours never more than 45 a week.
Commercial banking is paying that well now?
AS2 Mid/Top MM $: 200K 100% Cash
Less talk about CB and more data points on IB bonuses would be nice...
Do you get bonuses as an intern?
Do you know how to read the title of this thread?
how bout you get a job and come back when you're qualified to give opinions. Data points are for people who have a use for data.
AS2 Mid/Top Top BB $: 140K, 175K Base 80% Cash
Ao3 (BB S&T) Mid $: 85k, 160k base All Cash Notes: Promoted to VP, bumped to $175k base
Title: As1 Rank: Top Bank Type: MM $: 150,000 100% Cash
BB NYC A3 (Class of 2017) Base 175 Bonus 250 75% cash / 25% stock Top bucket
As3 Top BB Mid/top bucket Base 175k Bonus 100% ~15% deferred
Associate 2 Top BB Base: $175 Bonus: $215 75% / 25% (cash / stock) Top bucket
AS1 BB $: 30k 100% cash Base from $125k to $140k
A3 Top MM
Salary 155 Bonus 75
Yea not gonna lie I suck lol
Associate 2 top BB Mid-top bucket Base was 140 now -> 160 Bonus 240 25% deferred
anyone have figures for SF/Bay Area? Thanks in advance
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.
The BB bonuses in here are rough - really highlights the pay disparity from EBs.
Bank: EB Role: Associate 1 Bucket: Top Base: 150k Bonus: 225k
Director 1 Base 250k Bonus 350k
Plenty of money to be made outside the BBs, kids.
Dude they’re telling you to leave or going to fire you.
Bank: EB Title: VP2 in M&A Rank: Top
Base: $250k Bonus $375k (20% stock)
Notes: Former analyst who took the A2A route