37 Comments
 

BB I work for will be giving out numbers in the next few days so stay tuned.

Nice guys may not finish last but they sure don't finish first. Loyalty is not rewarded, it's taken advantage of. 
 

Was the bonus similar to what a 3rd year Associate at JPM got last year? Curious also as to how much was cash vs. stock. How much of that total comp was from the bonus?

Thanks!

 

Anyone here checked out Bonus Hat? Not sure how accurate the numbers there are though..

People demand freedom of speech as a compensation for freedom of thought which they seldom use.
 
Black Jack Thagoodlife:

JPM pay was up pretty significantly 15-20%. The 390k total third year associate pay mentioned above is right. 1st year associates top bucket ~270k total comp and 2nd year associates ~340k.

These numbers seem high- I'm assuming this is not including any signing bonus, right? Base for y1 Associate is what, 110k?

Couldn't really care less what you think about the numbers. Those are the actual top bucket numbers. Also of course those don't count signing bonus. That is a dumb question. If you would do any searching you would know that associates at JPM are associate 0 or stubs for the first 6 months and then are associate1 after that. Base for associate1 is 120, associate2 140, A3 160.

 

Forget base and bonus - ur bosses don't think in those terms. Think tota comp.

Bonus numbers are JPM I posted are real and while it wasn't put so nicely, you shouldn't opine unless you got facts.

Citi associate bonuswas pretty good.

As for stock or cash, its all cash at the non-officer level.

 

Broadly speaking at CS - Research was horrible once again, ECM was ok afer a stellar year in the US, and S&T nothing special/dissapointment after a solid yoy increase in business.

Nice guys may not finish last but they sure don't finish first. Loyalty is not rewarded, it's taken advantage of. 
 

Think this is London office info

Bonus disappointment and gratitude

Headhunters said the shape of 2013 bonuses is slowly becoming apparent. For example, Credit Suisse appears to have paid its equities staff well, while Citi appears to have paid its equities staff badly – headhunters say they’re receiving a lot of calls from disgruntled Citi staff.

Elsewhere, JPMorgan and Goldman bankers are said to be “generally happy” with their payments. “It is what it is,” says one headhunter. “No one else is paying any more.”

Bloomberg is reporting today that bonuses for rates traders have been cut by 15% at Bank of America. As we reported last week, Yunho Song, head of the rates and currencies business at Bank of America mysteriously left the business just before bonus time.

The biggest exodus is expected to come from Barclays, which headhunters say is due to announce its bonuses this Friday. Barclays chief executive Antony Jenkins renounced his £2.7m bonus yesterday. Barclays’ fixed income bankers may well find their bonuses similarly absent – although they won’t have given them up of their own accords.

The one thing that is likely to be absent in this year’s post-bonus hiring round are big upticks in pay. Headhunters say the days of handsome pay rises as an incentive to switch jobs are over – it’s all about moving to a new firm to escape cutbacks or increase prestige.

http://news.efinancialcareers.com/uk-en/162430/front-office-hiring-surging-as-banks-interview-ahead-of-expected-bonus-resignations/

 

Pay at Goldman Sachs

Pay per head for 2013: $383k, down from $400k in 2012.

Bonus pool: Not given.

Structure of bonuses for 2013: Not given, but Goldman typically defers over three years and pays a generous amount of cash.

CRD IV changes: Goldman is said to be preparing role-based top ups. We understand that these will be paid annually, although this has not been confirmed by the bank.

Happiness index: Goldman’s fixed income traders are said to be unhappy with their bonuses. Poor compensation is one reason for recent exits, according to headhunters.

http://news.efinancialcareers.com/us-en/163148/everything-known-about-pay-at-barclays-baml-cs-citi-deutsche-goldman-sachs-morgan-stanley-and-ubs/

 

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