Trending Content - Investment Banking Forum
| +291 | Return Rates For Interns Are Falling? | 122 | 22m |
| +127 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 14 | 1h |
| +114 | I am a drunk MD AMA | 39 | 1d |
| +79 | UBS Offer Day | 27 | 9h |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 2d |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 5d |
| +51 | Evercore > Goldman and I don’t think it’s particularly close anymore | 30 | 2h |
| +42 | I hate Wells Fargo | 10 | 40m |
| +41 | WF Return offers | 28 | 12h |
| +39 | Should I go back into a junior IBD role for comp? | 16 | 8h |
Career Resources
Ughhh bad
Dog water
“Be grateful for your seat” bonus
Hahahaha these are awesome
Anyone care to venture a numerical guess tho?
I would say at least $20 for sure
Woah, must be FTP ($140k an1 base btw)
lol ya id hope so
A fruit basket?
KeyBanc about to pay their analysts with Lebron jerseys instead of cash
Lmfao
Bottom bucket: an email saying “Congratulations! We are pleased to offer you a job in compliance and business enablement in our Utah office!”
Middle bucket: a 2020 model Peleton but you have to cover the monthly subscription yourself to use it (1-year clawback strictly enforced).
Top bucket: a limited edition fake silver coin with your CEO’s face minted on it.
.
Silver stackers won't complain
xmon guys this is serious
20k
Source: I made it up
You need to shut up
Are we talking about analyst summer bonuses of 2023 or the year-end 2022 bonuses for ASO+
If I break $100k I’ll be more than happy.
Wouldn’t be an issue if you were at FTP (140k as An1 btw)
You’re killing the joke
Analyst summer of 2023 my bad. But would’ve taken either since should be correlated I’d think
I think they won't be horrific. banks cant afford to lose a ton of juniors and junior comp is cheap to them.
I predict it will be paired back a bit. so EBs get bonuses like top BBs do. the top BBs get bonuses like the UBS/DBs usually get. UBS/DB gets bonuses like the Nomuras/Mizuhos of the world usually get. Nomura/Mizuho doesnt get any bonus.
Not that big of a deal honestly
Good take. Maybe $65k for BB for AN1?
so much of the raises had to do with attrition and I gotta believe that problem is still there once things resume. Some groups are over staffed for those levels tho
If average bonus was around 50k last year, no shot it’s 65k next year
Dude.. UBS/DB bonuses are not different from top BBs
Are you actually an associate or do you just not know anybody?
Expecting total comp to be 200 at least a
no chance homie - unless you're at EVR/PJT
Close - different boutique
Have you ever heard of...Centerview? Or maybe Qatalyst? Or Allen, Raine, Liontree?
Analysts clearing $200k is certainly achievable (don’t even have to be at a BB or EB). It is highly contingent to how well your group performed for the year. We got pretty much all analysts and associates staffed on 5-8 live deals, on average, consistently.
Would be stoked if I get at least a Big Mac
on a like for like basis, I think my bonus will be down 30%+ (ie if I was still the same level I was last year) and I would think that was fair. Got paid above street last year so sufficient enough cushion that I wouldn't feel robbed with that kind of cut. Analysts shouldn't (deservedly) be affected as much, same with Associates.
Got it appreciate that. Why would VPs be affected more, just more of a shortage?
Think about it this way; as you get more senior, you take more equity risk in the business as you become more responsible for driving results, as such your compensation reflects both the upside and downside of owning equity. that is also why bonuses as a percentage of base income rises as you get more senior, it allows the bank to ratchet up or ratchet down your total compensation in a more dramatic fashion depending on the performance of the business.
Have been thinking about things in that range though as an analyst. Maybe a 20% cut or slightly less holding analyst year constant
I just hope I’m employed tbh
Agree with this. The long term compensation potential for the job dwarfs what I'm being paid now. Would much rather have a greater change of getting mid-six figures as a VP/director vs. worry about relatively small fluctuations in associate compensation.
Same as both of you. Bonuses are great for long-term savings, but I can survive just fine on my base. The most important thing is just not losing my job when the lateral market is dead.
I'm discounting next year's bonus by 30%
This is not related to comp, but starting to hear rumors that DB analyst in Germany have been mandated to chop wood (literally) 1 full day a week in order to prepare for the upcoming winter in light of the nat gas shortage.
Can anyone confirm? Thanks
I think you’re joking but I would not be surprised.
Bonus last year was 400k+. I’m expecting maybe 250k this year.
Our revs are up YTD YoY, so expecting that to feed through in marginally higher bonuses
Lol... admire the optimism I guess
Down 50% from last year's record bonuses.
Makes sense. I think analyst bonuses were down some off of 2021 and feeling the brunt of the downturn given the timing compared to when VPs and Ass got theirs.
.
.
Great color thank you
Predictions for BB below:
AN1 40k-55k
AN2 50k-70k
AS1 90k-120k
AS2 130k-160k
AS3 150k-180k
Source: Wall Street Research
This is legit?
Don’t think even EBs will pay 2x these figures this year given the slowdown
This is a good guess… hoping for ~100 as a middle bucket AS1
agree this is a reasonable post on expectations
AS3 at a BB in lev fin and $150k doesn't feel realistic given how this year has played out
Might just be managing expectations though
well yeah, if you're in ECM or levfin, I would expect lower than coverage or m&a just based on volumes but not sure how much variance across groups there is for juniors
A one year membership to the jelly of the month club
That's the gift that keeps on giving the whole year
Jelly predictions for November?
Sit laborum aut sequi incidunt delectus molestiae consectetur quibusdam. Itaque quibusdam quidem adipisci minus ea dolores fugit.
Rerum ea ut eaque et repellendus. Minima a et qui. Repudiandae incidunt facere ab tempora maiores sed est. Possimus cum omnis voluptatem tenetur qui illum sint.
Esse sed omnis aliquid. Tempore voluptatem enim eveniet nesciunt similique. Aut iure ullam consectetur laboriosam voluptas ipsa. Id voluptatem dolorem veniam praesentium eveniet. Deserunt magnam voluptatem totam minima maiores.
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...
Quia suscipit quasi et quasi aut enim a. A ut debitis itaque maxime dolores maxime labore. Nulla autem corporis nesciunt aut fuga ipsum. Cum necessitatibus similique cumque vel illo impedit. Autem delectus est ea voluptatum at quia accusamus.
Quibusdam voluptatem ut animi occaecati. Excepturi fuga cupiditate saepe neque molestiae culpa.
Est facilis hic velit dolorum officiis deleniti. Provident est est aut culpa autem ut nulla. Omnis eos dicta ut ipsam fugit qui. Temporibus praesentium excepturi qui sint quia qui.
Quasi necessitatibus omnis sed et. Et fugiat corporis assumenda explicabo qui.
Delectus quidem minus incidunt. Dolores adipisci minus ipsum ab. Maiores quia distinctio aliquid labore. Et qui fugit laborum dolor nam. Debitis quo eveniet et molestiae aut inventore eos. Perferendis omnis eligendi consequatur accusantium.
Distinctio in quas ut. Soluta omnis non ipsam suscipit recusandae maxime eum. Et molestiae maiores id. Et non est qui cum blanditiis.
At neque corporis est repudiandae dicta facilis. Et aut voluptatem sint. Hic eligendi et velit voluptas officia quo harum. Accusamus eligendi quia iste eaque consequatur. Autem atque qui adipisci incidunt. Maxime officia et repellat excepturi tenetur. Neque rem fugit voluptas qui et eligendi recusandae distinctio.