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Had 3 analysts in my group alone at Citi leave before their bonuses. There is discussion of a $10K bonus added on for analysts, but that's really insignificant. Especially since Citi is still at 85/90/95 when JPM, CS, etc. have all increased to 100 for first years.
Bonuses were supposed to be given in June but have been pushed out to September (they don't want analysts quitting right before its mandatory to return to office). Which is pretty fucked up to be used to manipulate but alas management doesn't give a fuck and as a result the analysts dont either
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What's stopping someone from just coasting until Labor Day and then leaving? The culture wont really change that much since MDs and other senior positions are probably still going be in the Hamptons requesting comments get turned at 2AM.
do Bonus hit the bank in june for Citi in the past years?
CS is not at 100, pay bump was a one time thing for current analysts at that time and it was only bumped 5k for analysts
C&R or another coverage?
In hindsight, I’m wondering if C pushed back bonuses to re-evaluate after announcing their base salary bump. bonuses (as a % of base) across the street might look drastically different starting this year compared to previous years
For Europe most are paid at the end of the summer as far as I know. People are still leaving left and right because of culture/lifestyle ahead of the bonus but also because funds (they never used to) do in some cases (source I got an offer with a guaranteed bonus) guarantee you not pro-rating your bonus.
Anyone has colour in HK? Heard Feb-Mar period the hiring is insane, not sure can continue for Jul-Aug period.
Our (MM) analyst bonus number was told to us June 24 - 25 and hit the bank account June 30th. Same as previous years for my bank, but hearing rumors of some banks withholding till September as others have said.
How were bonuses this year for you
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