After such a shitty year - Expected bonuses?

All anyone seems to be talking about, both in my office and on this board. :)

The spreadsheets and rumors floating around seem to indicate only a little lower than last year's bonuses, which I have a REALLY hard time believing.

Our staffer also told one of the first years in my office they would be close to last year's numbers, which again I just don't believe.

I think a more realistic estimate, based on market conditions, would be about 30% lower than last year, but who knows what will actually happen.

thanks Dosk17 - I have read a few articles saying that they will be down 20-30% and some saying that they will be 20-30% of base - which I assume is quite a difference!

Excuse my ignorance - but for a mid bucket first year analyst - what would the bonus have been last year in % of base terms??

Around 90k

Cheers aloki, I wasn't sure if this was just hype or if it was the actual figures.

90k for mid? Group I was in had all the analysts (granted there were only 4 datapoints) in 80-90k range. Would put mid-range at 85, bottom at 80, top at 90.

last year the top bucket was 90k for all the bulges. some of the boutiques pay more to retain talent but not by much.

when do you guys get your bonuses??

In the UK the promotions and bonuses are usually made in June. But I believe that it is dependent on the firm.

Anyone have any updates/realistic rumors? We hear in 11 days...

Seriously. Second years said last year this time, they had pretty good insight into the rumor mill. Seems like there's nothing out there except that spreadsheet on dealbreaker and the 55k those Piper 1st years got as part of severance..

Can you confirm the 55k at Piper? That would be an extremely positive sign, imo, because Piper isn't a BB and that's what they're giving to their laid off analysts...suggests that BB bonuses will be higher than that, at least.

I'm at a BB, and given the sentiment for the past few months I'd be extremely satisfied with 55K.

Good point, compbanker. I think i am just getting into the bonus hype! At least something to look forward to in the next few weeks.

Piper $55K is confirmed. I don't know if I would assume that is bottom bucket, however. Things could still slide..

A bit surprised we only have one data point so far.

When should most of the numbers be released? Last year I thought it was mid-June.

I am hearing most of the BB banks will pay around 20% less than last year. Last year was 90-100, 110-120, 130-140 for top rated 1st, 2nd, and 3rd years - depending on group and firm performance.

This year at BofA a 20% discount would put us at around 70, 90, 110. I've also heard that these numbers can vary widely if you are in an "off performing" group - structured products, commercial real estate, etc., but most industry and product groups will be around the 70, 90, 110 mark.

We will find out for sure next Thursday or Friday morning.

Has anyone else heard yet?

all i know is that my UBS analyst friends don't want to talk about it.

very confident that bonus numbers is the same this year as last at middle market banks

Anyone releasing numbers sooner than next Thursday? That's when we find out - well, we were told Thursday or Friday.

1st year analysts - 16,000 - 35,000 GBP (USD $31,300 - $68,500) 2nd year analysts - 18,000 - 44,000 GBP (USD $35,200 - $86,000) 3rd year analysts - 35,000 - 60,000 GBP (USD $68,500 - $117,500)

forwarded as of yesterdaty, this and PJ seem to be only true precedents so far

rumour has it that 1st year analysts @ Lehman in NY got their numbers . . .

sit down please

$15-$30K

OUCH. again, only a rumour, not confirmed but if so that sucks.

Definitely rumor. NY banks don't announce until next week at the earliest (from friends at GS/MS/LB/JPM/UBS). Trust me, we are all waiting with abated breath. Don't know about ML/CS/DB.

Citi is next Friday, CS is within the next week.

ah, yep. my bad.

can anyone comment on the veracity of the new spreadsheet that is being sent around??

median top bonuses for 1/2/3 yr analysts were 40k/55k/65k

This is inline with what I was expecting but they are much lower than the previous spreadsheet. I'm wondering if anyone has any insights into this?

If someone has access to the aforementioned spreadsheet please post the numbers for each firm

Ouchie. Where is this magical new spreadsheet?

I haven't hear that there is a new spreadsheet, and analysts here are usually first to tell me about these things because they're obsessed with it. Banking Chica, care to elucidate?

I see it was posted as a comment on Dealbreaker...I hope it's some asshat Fing with us and it's not fact

Those numbers are ridiculously low. If you are going to start trusting comments on Dealbreaker, you might as well have bet your entire bonus on the first bonus bumper sheet that made its rounds a month ago.

Well Dealbreaker itself last week posted that JPM bonuses in London were that low, which is why I'm not writing it off totally...I don't trust comments on dealbreaker either, but when the site itself posts numbers it seems like they should have at least SOMETHING solid, right?

Has anyone heard anything further?

I heard Citigroup came out with numbers, anyone heard what they were?