A question about IB Associate bonuses...
Hey all, doing some prelim research prior to attending b-school this fall. When I look at individual entries in the WSO salaries database, a large number of 1st year BB associates claim to have received, say, a ~65-80K bonus on top of their $150K base.
Doesn't this seem low with the general guidance of bonus being approx. 85-100% of base? Could it be that these particular individuals are bottom-bucket and only top-bucket bonus is 100% of base? It's too high to be a stub bonus. EBs appear to be significantly higher on a more consistent basis (I'm aware that EBs pay more, but this is a pretty large spread). Are these low bonuses common in BBs, or is the salary database just off? I can understand why a particular bank's average bonus might be skewed on the database, but not individual entries...
Just looking to gain some clarity. So much varying info on comp out there, so trying to level-set.
That’s probably the signing and relocation bonus. It’s something like 50-60k signing, 10k early signing bonus (sign around 2 weeks from offer date), and 10k relocation bonus
Hmm could be that people are combining those and reporting. What's general guideline for mid-bucket at a NYC BB (assuming the group is not under-performing)? 100%? With top-buckets being ~110%+
Also interested, this has confused me at times as well lol
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