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Career Resources
Mizuho An1
mid bucket
base 100
Annualized bonus 73 (55 for 9 month stub)
Heard someone got 93 (70 for 9 month stub)
How are people finding out about 2022 bonuses already?
Understandable question. Title of post is confusing. It's really 2021 bonuses being paid out summer 2022 for junior bankers that started on cycle in the summer prior.
Why do you guys make these threads?
Why is your username “pussy galore”
Bond movie reference
Hope you’re right man. We need that bonus to come in BIG. I’ve lost half my wealth in the NFT crash and it’s time to double down.
Ah, youth.
Wow a thread with 35 replies and only one irrelevant data point - classic
Bank: Truist
Type: Coverage
Base: $100K
Bonus: $90K
Bucket: Top
Curious to know what team you're at, my team hasn't assigned bucket. We just got numbers.
Truist
Coverage
3rd year
Base:$110k
Bonus $110k
Not happy with comp. Especially peers at WF and similar tier banks have higher base.
You just made $220k as an analyst at Truist. Chill.
Analyst 1
Bank: Harris Williams
Group: Coverage
Ranking: Mid
Bonus: 105
Base: 110
Truist
Coverage
Mid
$70k Bonus
New base: $105k
Old base: $100k + $12k signing
Gave everything I had to this job and got the equivalent of a participation trophy rating.
Lol u pulled in 175k at Truist why are u upset
MM 1st year analyst
35k bonus. Boys are not happy
Bank: SocGen
Product Group
Ranking: Mid
Bonus: 34k
Base: 100k (grid still 100/105/110 fml)
Heard our An1 grid topped off at 46-50ish
Like I should start looking at other banks lmao
This is outrageous. It's unfair!
BofA deez nuts
Bank: Barclays
Group: Coverage
Position: An2
Ranking: Mid
Bonus: ~$75k
Base Salary: $125k
Range was around ~$55k-$95k across buckets for An2, median of ~$79k.
1st year median was $42k.
Rounded numbers for anonymity. The boys are not happy.
It's not even $200k -- Barclays bumped up base like 4 months ago so really you're seeing AN2s getting like 170k-190k.
This is a solid outcome given market conditions. Do not look at 2020/2021 bonuses as the norm.
2019 and prior for AN2 was around 150-225.
Thanks, VP in Barclays HR.
Barclays A1Base of 110k (new)Bonus was ~40kI'm very disappointed. Not going to be giving much effort at work going forward if I'm being honest. This is corp dev comp.Understand the culture has been decent but it's still banking tf? This is literally a pay cut from last year with inflation considered.
Edit: had very good reviews
Did people seriously expect comp to match that of last year? Why would banks match them given market conditions. I also don’t expect Barclays to be the only one to disappoint. Goldman said it last year - don’t expect the current comp (last year’s comp) to be the status quo
I mean ~150k all in comp seems borderline disrespectful if someone is being put through the ringer.
Regardless of how inflated 2021 numbers were, this pay is like solidly below 19/20…
All the inflation and the fact that we worked for half of last year? Not to mention my group was still busy and doing deals. We still made a shit ton of money. The point of base increases were to combat inflation over the last 10 years, but the total comp figure is less. So a double cut from last year. Like, it’s not even matching associate base salaries wtf?
Also, an extra 30k for 100 analysts is 3M and with tax savings 2.1M. That’s such a rounding error for a bank that made $7bn profit and to absolutely kill morale.
heard barclays bonuses were average/mid, but tbh hours been more chill lately so not too bad
Bonuses were bad, hours have been absolutely fucking awful lately. ECM/LF are chilling but there is still a ton going on in the coverage groups. Definitely not “chill” recently and these bonus #s are a slap in the face.
I always laugh thinking about this call where the head of banking said they want to “lead banking compensation and be #1.” Absolute joke.
average in what context? looks well below average based on this tread
average compared to fees produced, every here is expecting 2021 numbers lol that's completely out of touch with reality
Analyst 1
Bank: Barclays
Group: Coverage (Tech/HC/Industrials)
Ranking: Mid
Bonus: ~$45k
Base Salary: $110k
Adjusted Salary: $103k (raised from $100k to $110k in late Feb)
Total Comp: ~$148k
Range was around ~$35k-$55k for An1, median of ~$45k
Very disappointed
Sounds like Shiti Bank found a new partner!
Barclays has generally paid slightly below market but has, by all accounts, a great culture. Citi has generally paid below market and has, by all accounts, a terrible culture. So although I don't work at either, Barclays is still a better career bank than Citi.
Is it me or does it seem like only associates + got a share of the pie during the crazy year last year where analyst got stuck with nothing and penalized because half of their year has been down, where the first half was insane. They are disregarding the crazy first half analyst had for their year, gave the associates + a nice share and punished analyst for the 2nd half downturn? Or am I not thinking of it correctly?
Completely agree - the timing of the bonus cycle has completely fucked us, last year's bonus didn't fully reflect the outperformance either
1st year analyst bonuses for tech group at Barclays.
Base: $110k
Top bucket bonus: $60k
Middle bucket bonus: $40k-$50k
Bottom bucket bonus: ???
Honestly pretty disappointed
Bank: Barclays
Group: Coverage
Ranking: Upper Mid
Position: A1
Bonus: $50K
Base: $110
Down so bad. Today just killed morale, and our group has already been getting crushed. Have had very little motivation to work and that just got thrown out the window.
This makes me so hyped to graduate 😂 y’all are 22/23 and offering condolences for making 160k lmaoooo
Bank: Canaccord
Group: Consumer
Rank: AN1
Bucket: Upper Mid
Base: $100k > bump to $115k AN2
Bonus: $130k
About in line with expectations, A2A offer extended ($75k).
Canaccord, more like CanAFFORD!
Is it 2 year or 3year analyst program? In that liquidity post with cannacord it showed a2 base as 110, was that inaccurate?
Are numbers in Canadian dollars?
How is Canaccord paying for this? Their market cap is only like $650mm. Is their whole IB group like 15 people?
Lol you think businesses pay comp out of their market cap? Your intern is showing
Barclays AN1 really making FT Partner's base lmao
Sale Side
Base:110k
Bonus: 16.5% and PS start 11% increasing multiple on Revenue growth for 6 years vest
50-55hr a week
bro wtf are you talking about
.
.
My God these Barclays numbers are disgusting. These are from people in NYC too...sad
Bank: Big 6
Location: Canada
Role: Corporate Banking, 2nd year analyst
Base: 90
Bonus: 20 + 10 (COVID stub bonus) + 5 (A2A bonus)
New Base: 115
OP here - please do not provide your bonus # if you're not in IB... We want this thread to be apples to apples
My group is classed in with IB under the CIB umbrella - I also very clearly stipulated my role.
Bank: BMO
Group: Coverage
Base: AN1 100k -> AN2 125k
Bonus: 60k (includes a 10k spot bonus paid out across the company in December 2021; top bucket was 75k)
Sign-On: 7.5k
All in total comp: 167.5k
Hours: ~70
Yeah its definitely low end of the street but I'm pretty happy taking 167k for first year considering the WLB I got out of it (worked past 8 on Friday like 10 times, maybe worked 7 Saturdays which was limited to a few hours, not working every Sunday, and getting to take vacation/advantage of most long weekends).
All things considered, am happy and will likely stick around.
Bank: BMO
Level: AN2
Base: 95k
Bonus: 115k (includes a 15k spot bonus paid out across the company in December 2021)
A2A Promotion Bonus (can be clawed back): 10k
All in total comp: 220k, CAD
Hours: ~50-70 pretty consistently
was hype for you until I saw it said CAD, what's 220,000CAD in freedom dollars? like $400?
Top EB
AN 1
Base: 120
Bonus: 70
Pretty upset. This place is slavery lol
I think that is a pretty good AN1 pay rate to be honest.
If this is EVR I'm going to off myself
First year analyst
Cain bros
Bonus: $105k
Bucket: upper middle
IB is such a fucking waste of time. Wtf is even the point. You can literally make more money working at Panda Fucking Express.
Don't listen to this guy, you should definitely quit and go work for Panda express. Send us a postcard.
Bank: Mizuho
Bonus: $90k
Bucket: Mid to Top
Base: $110k moved to $120k
AN2 moving to AN3
RBC
Generalist
year 1a
Base of $110k
Bonus: $117.5
It didn’t. This guy is full of shit
This is cap. RBC base is 105 and bonuses were in the 50-60k range I can confirm firsthand. Please don’t spread misinformation. Thanks
Pink slips
Heard from a buddy at at a European bb bank that he made 105k salary with 50-60k bonus. Works like 50-60 hours a week. Tbh I’d trade 40k for those hours
Hearing UBS bonus comp of the below, but could use more data points
AN1: 50-70k
AN2: 70-90k
RBC (NYC)
A1 (coverage)
Rank: Top
Base: $100
Bonus: $85
500 comments and all we have is Canadian banks and shit tier BB’s.
BofA this friday
How we feelin bois
How do you know it’s Friday
Well you can look on the calendar or your phone and it usually tells you the day of the week.
MS an1
IB industry group
$60k mid bucket
Jesus sorry man
Seems about right given rank and higher base comp, no?
MS Coverage (GPUG/MediaComms)
$46k, mid-bucket
Damn that’s horrendous, sorry to hear
Oppenheimer NYC, ANL1
Coverage group (Healthcare/TMT/FIG)
$85K bonus (not sure about bucket)
congrats and fuck u, as someone who made half that at a BB
GS actually doesn’t get bonuses, you get to suck David Solomon’s dick and take a picture with him after.
Part of the whole Goldman discount my boy.
MS AN1
Bottom bucket
34k. Not even fucking kidding.
What did you expect as bottom bucket though?
dude made 144k as an underperforming excel monkey in his first year out of college, and he's complaining? Silly
What did u just type lmao
If mid bucket is $45k i'm yeeting myself off of Jamie's new vanity project lmao
2nd yr coverage analyst
Credit suisse
Top bucket, $105k bonus
Hearing 1st years were $60k mid bucket. Suck it MS lmao
BofA, An1 Coverage, Top Bucket, $74K Bonus
BofA
An2
Top bucket in product group
Base: $125
Bonus: $95-105 (don't want to disclose actual #)
A2A Promo Bonus: $40
Post tax all in bonus: ~$75k
Overall: very happy given record down year this year
Bump - bonuses were paid out end of August last year. FWIW, my staffer said they delay in order to benchmark to the upper quartile of the street.
MS M&A NYC / TMT Menlo (T)
A1:
Low: $53
Mid: $70
High: $90
A2:
Low: $65
Mid: $95
High: $110
We also have buckets between Low/Mid and Mid/High
These numbers are 100% false. Stop spreading misinformation
HL Comp pretty shitty; top bucket around 70k for AN1
Bank: WF
Position: An2
Ranking: Mid - Top
Bonus: ~$90k - ~$110k
Base Salary: $105k (bumped to $125k recently)
Citi
An 1
NYC — coverage
Top bucket: some of those gummy hamburgers that look like the ones from SpongeBob and a couple of nickels
JPM NYC out today as well. Numbers on par with Barc...
JPM anl1 5k coverage
Confirming the above JPM numbers...not in a top 3 group, but don't think analyst bonus is contingent on group strength
~40k range for mid, 20-35k for lower-mid. Wtf....
jpm nyc coverage, analyst 1 bottom bucket: -$10,301.02 (had to return my signing bonus with interest)
JPM NYC Analyst 2
Salary: 125k
Bonus: 65k
Mid bucket
Terrible, can’t even get myself to do work today im so disappointed
You made $190k one year out of school, calm down
Feel like JPM just didn’t give me credit for all the hard work I did this year. Constantly working weekends, up late and had multiple deals close. For them to give such a low bonus makes me feel like my seniors pocketed a sick bonus in December and then paid us scraps
JPM NYC An 1 - Coverage (just got auto-promoted to An 2)
Salary: 110k
Bonus: 30k
Mid bucket / "on track" in every category based on reviews, but now has me questioning?? Thought I was upper-mid based on my work/results. Grinded the whole year, was told by associates I was really stepping up, but guess just got brought down by the politics since I refused to kiss-a**. All in comp equal to FTP base... not happy at all and embarrassing, actually.
Did JPM significantly overhire during covid?
Probably over hired and cares too much about politics. Just very very frustrating to get such a low bonus. Multiple VPs and associates have directly told me along the lines of “Thanks for leading, you are the associate here!”
Sorry I didn’t suck up to everyone and grab coffee with seniors every week or try to be funny (it’s so cringe)? I never did anything disrespectful, just performed well at the job. I think I’ll be leaving very soon and want to get interns / those looking FT not to join.
HL
AN3
70-80k
Mid Bucket / Let the firm know I was leaving
Heard some A1 top buckets got more than A2/A3s leaving.
JPM - NYC A1 (top group)
Total Comp = FTP base
Needless to say, I’m depressed and realize my dick isn’t as big as I thought it was going to be after bonus hits. Losing my potential tinder dates for sure.
To address the JPM VP above who claims to have participated in round tables and subsequently acts like this process is somehow just and doesn't involve politics and sucking up:
JPM has "buckets" but still ranks and pays bonuses by a number ranking (i.e. #1 ranked analyst, #2, etc.). Not sure what group you're in, but I'm in a top 3 coverage group and it's honestly EXTREMELY difficult (and toxic) to determine ranking at a level this granular. Sure, sometimes there is a clear top few analysts and a bottom few, but how do you differentiate between the #4 ranked analyst vs the #5 ranked analyst? At a certain point, I would say it is 90% politics. If one or two seniors who supports you doesn't happen to show up at roundtable since they're at a client meeting, you could go from top-ranking to mid-bucket, since I'm sure as hell the top kids from top groups all get positive reviews and almost no negative feedback.
And one quick point about bonuses getting allocated to "reward the top bucket" - this is largely false. The top 3 ranked analysts (e.g. not buckets, but literally the top 3 ranked analysts) got paid above 70k, but after that, more or less everyone got paid below, so wouldn't put too much credibility to your words...
Any info on Piper?
EB's really taking their sweet time
Bank: HL
Position: An2
Ranking: Mid - Top
Bonus: ~$80k - ~$100k
Base Salary: $115k -> $125k
Analyst 2 (Left for PE)
Evercore
Ranking: Unsure, but first in my class to get the call, as far as I know. I’d guess Mid or potentially mid-top
Bonus: $140k
Feeling good and didn’t work that hard the 2 months prior to leaving
Evercore
Analyst 2 - left for buyout shop
Ranking: Upper mid
Bonus: $130
Super pumped on the numbers - glad we got comped for the last year properly
Evercore
AN2 - Left for PE
Ranking: Top
Bonus: 150k
GS Classics - 1st Year
Top
Bonus: $90k
I'm hearing 55k-60k for An1 Citi Mid bucket. They paid well this year.
No longer Shitigroup… JPMorgone will be the meme now
Citi A1
Product
Bonus: 90k
Would go down on Jane Fraser /10. Stoked given market sentiment and our Shitti rep.
Moelis
An 1
Base: 110
Bonus: 110 (mid bucket)
Pretty happy
PJT - 2nd year analyst
125k base
10k winter bonus
Bonus of $60-70k range.
Brutal - guess that’s what happens when half the firm’s payroll goes towards hiring VPs from mid-tier BBs
AN1 Evercore
Base: $120K
Bonus: $75k (mid-bucket; top was $85k)
really disappointed that we didn’t get a cut of 2021 results yet associates did ($185k +130% bonus for As1 paid out earlier this year); no longer stands out on the street as a top paying boutique as all-in comp is no equivalent to if not lower than other EBs
Credit Suisse
An1
Top bucket
Total Comp: $150k
Year: 2006
Value in Todays Dollars: $210k
Interesting looking at all these numbers and remembering my analyst days, just thought I would throw out an old datapoint for comparison.