Analyst Bonus - BB Private Banking
Hi,
Does anyone know what kind of bonuses first-year analysts receive in Private Banking at a BB firm? Thanks.
Trending Content - Investment Banking Forum
| +270 | Earliest you can get fired | 58 | 17h |
| +251 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 47 | 21h |
| +238 | Investment Banking is Divine | 40 | 13h |
| +223 | Career Crossroads | 31 | 1d |
| +213 | US 2027 SA IB worried about background check | 53 | 10h |
| +207 | Another $115bn Mega deal for these banks. Congrats! | 45 | 14h |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 1d |
| +122 | Is UBS really that bad? | 38 | 13h |
| +39 | Is Houston SA 28 recruiting already over? | 33 | 15h |
| +26 | 2026-27 IB Energy Top Banks | 8 | 17h |
Career Resources
yeah uh typically 10k
what kind of hours do they work tho?
The position is heavily involved in the investments side of the business. Definitely a front-office role. Hours sound like 14 hrs a day during the week and one day on the weekend. So I'm guessing a 70-80 work week. Any info would be appreciated.
I think that the real range stretches more between 10k-20k, particularly given the hours and the fact that AUM is expected to increase significantly in the coming year...The average BB AM analyst gets about 20k bonus, so for more hours in the same FO division, you get paid 1/2 the bonus? Doesn't make any sense.
secondhand i've heard 1st year anayst at jpm gets 70+10 with year end bonus between 10 and 25. Hours being 12-14 5 days a week. Maybe a weekend or two.
It makes sense because private banking is not very selective or prestigious. Audit analysts can work 90 hour weeks too but only get 60k and a 10k bonus.
15-45K is more typical, depends on firm
You guys are all morons. No, I do not work in private banking, but it is not a bull shit job, and is equally selective to IB in a different way. You are dealing with UHNW people, and they will not tolerate the social retard types that seem to be so prevalent in IB. Basically just think about the types of people that you hated in college because they wouldn't let you into their frat parties, and these are the PBers. So no, they may not have as high of a SAT or GPA as you, but it is not an easy job to get. That being said, I have no idea what bonus ranges are. Revenue structure for a PB is very different than IB or even AM (as some idiots stated above), and thus comp structure is different as well.
The above post is probably the most accurate statement I have seen on these boards regarding this topic.
rofl you STATE SCHOOL KIDS and your private banking. private banking is NOT prestigious and NOT selective and sure as heck doesnt pay anything worthwhile. i would rather do back office than private banking rofl.
I'm fairly certain of a few things:
yuntsucks went to Wharton. Wharton > Stern. He's spot on about the people on the Private Bank side- very good people skills, which clearly sternmasta does not have.
I also am not in private banking (undergrad, just accepted FT at a BB in IB). Although Private Banking might not involve the same technical skills as investment banking, it certainly is still a challenging yet rewarding job. There are a lot of smart people who work on the private bank side, many of whom actually started out in IB. It is definitely more selective than the back office and pays better as well.
I know people are seeing 70+10 + bonus between 15-30 on the private bank side. That's damn good all in comp for someone who works 60-70 hours a week with free weekends.
Wow.
I love how only on these forums will we throw around insults at first year analysts who make a measly 20K bonus on top of their 70+10 signon when every other first year grad makes 50K and is excited about it. :D
I was speaking with my roommate the other day about how we felt bad for a friend because a boutique offered him "only" 55k for full time
Wow pretty entertaining dialogue...does anyone know how PWM numbers compare to these suggested PB numbers. I know I've seen some things about AM, but I how about PWM specifically.
Why I am at it, how do you feel PWM reputation compares with PBanking. Is it on the same back office level for you sternmasta?
Ballpark for Private Banking Analyst Bonuses (Originally Posted: 12/28/2012)
Does anybody have a ballpark for a PB Analyst end-of-year bonus? What are analysts measured against to determine these? I understand there is typically a $10k signing bonus but I am mostly looking for the performance-based bonus numbers. Thanks.
Is this at a BB?
Yes question is mainly for BB in New York
Interested as well
Qui similique itaque veniam quod alias. Molestiae maxime exercitationem distinctio.
Eligendi explicabo voluptas reiciendis aut amet cum consequatur. Architecto excepturi et nihil enim.
Est ut voluptate quasi aliquam facere neque. Repellat vel architecto necessitatibus repudiandae voluptatem qui. Fugit non ea qui commodi. Et consequatur doloremque eum qui. Voluptas veniam quidem corporis.
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...
Enim quae odio at nobis nisi. Magnam repellendus eum numquam ipsam porro quia porro quibusdam. Facilis sint quaerat nesciunt ut ullam maiores. Molestiae sed illum aspernatur sunt. Assumenda voluptas corrupti velit suscipit exercitationem. Cum a est accusantium adipisci.
Qui nihil molestiae laudantium deserunt suscipit. Deserunt non eos dignissimos corrupti sapiente.
Nostrum hic ipsa autem fugit enim. Quia et earum voluptatem alias incidunt doloribus aliquam velit. Nobis et architecto repudiandae nemo nihil inventore. Dolorem neque dolorem omnis rerum. Tempora deleniti consectetur tenetur distinctio placeat nisi.
Numquam aspernatur voluptas necessitatibus ex. Fuga distinctio corporis vitae eligendi labore recusandae. Expedita quis sit veritatis dolores voluptas quam vero.