Associate Bonus Numbers?

BB or MM

People need to post bonus, class, quartile, and maybe a list of 3-4 similar banks (including their own) so that we can compare apples-to-apples.

Are you truthfully told what quartile you are in? The book Monkey Business claims that most people are (falsely) told they are at the top of their class. Is this story from MB true?

WTF? they straight up tell you your rank, it's a good indicator of where your bonus will be.

they'll tell you your rank. You can't tell everyone they're #1 because people will compare numbers. Also, you want people to get better, so MDs have to be somewhat honest.

One thing I have heard of, though, is MDs telling everyone in the top quartile (or quintile depending on bank) that they were, individually, #1. So, the MD says to Associate X, "you were #1 and you got the top bonus of everyone in your class." But, what the MD doesn't say, is that 24 other people tied you for #1 and also got the top bonus.

I'm assuming that this exact same process is replicated when it comes time for analyst bonuses, right? Do the associates decide the analysts' bonus or is it a VP/MD decision?

Way to go Boards! Only one number from nine responses and the topic has morphed already. Sorry I can't be of more help bankerN, I don't hear numbers until March, but I'm hungry for comp information so I can prep my superiors for what is "fair".

My number was 180 - First year associate (post stub) at a BB.

Can we get back to the numbers?

Ranked in highest tier amongst class of 2005 associates. In M&A at a BB.

95 Base 255 Bonus (10% deferred) = 350 all in

Base increased to 105.

between 180 and 255 at 1st year associate level...even if the 180 is for bottom tier....dont you guys think

"Median" bucket was 205 bonus Mid Tier (just below high) was 235 bonus

either one is a helluva a lot man.

Wharton05--you said increase to 105 for base. Did everyone do this across the street? I'm asking because I've talked to a number of people who received no mention of a raise when they got there bonus, but some are still waiting for the bonus to actually hit the pay cycle, so don't know yet if they got a raise in base or not.....

I have no idea if raises were the norm across the street. However, I always assumed that was the norm as an Associate (a small increase each review). I would find it odd if Associates at other banks were told their bonus but not about a raise, only to find an increase in base a month later. I also know the raise was not just b/c of my ranking. All Associates in my class received the bump. Finally, given where I work, I would be amazed if we received a raise and other bulge bracket class of '05s did not, as we always pay the street. Banks love price collusion.

in Monkey Business i remember reading that dlj paid their 1st years like 600 all-in, in response to the book.

this is useful. please keep them coming.

I just read Monkey Business and the figure they paid their associates was around 219k....not 600.

Wharton 05--my mistake. So class of 05 got a raise to 105 base? I was thinking class of 06. My fault. So no raise in base with stub, winter after graduation?

We did not get a raise in our stub year.

What was the stub bonus for 1st year associates at your bank? Was that figure consistent with rest of street? I've heard anywhere from 45-60, but nothing that was confirmed by anyone else.

scottwibell--I've heard 45K across the board for stubs at all banks that have announced, and in all areas (IB, S&T, DCM, Research,etc.). Only difference is Citi gave 40 to S&T. They may have given more to IB since they had a horrendous year in S&T, but I haven't heard anything.....

$45 stub at JPM, except research got $40 stub

how did you get into wharton with a 3.1 from bc and a 700 gmat??

is that really your question? i applied, and they asked me to enroll. i decided to enroll. when i showed up, they gave me a student id. two years later i had a diploma and they said i was done.

yes, but I'm wondering if you there was something special and/or unique in your application or work experience given your credentials?

sure there was something unique, why else would they have asked me to enroll in the mba program? maybe they saw more potential in me than most applicants who went to ivy undergrads and had 750 on their GMATs.

by the way, what you wrote could be read as being offensive. bc is a fine institution, and 700 on a gmat is a fine score. by the way, hbs thought my 3.1 and 700 was good enough for them, too.

hmmm

700 is a very good score, but bc is well...bc.

perhaps a legacy admit.

kimbo, the arrogance is extraordinary. i hope you learn one day that there is much more to life than rankings, image, etc.

and i was not a legacy at wharton or bc.

something fishy going on....

3.1 hmmmmmmm. isnt the wharton avg like a 3.6? it isnt like college where they are taking shitheads from alabama and mississippi with 4.0s. 3.5+ elite college is the norm for wharton. not that bc isnt elite. it is, but 3.6 would be more like it.

bc is a good school, but it's not "elite." let's not go overboard here.

Guys, b-school admissions is all about the "story", and what you can offer to the class. "Diversity" in b-school isn't about race, but about diversity of background, experiences, etc. I know plenty of people with lower grades, below Wharton-average GMAT, non-HYPS schools, etc. I know more people who worked at Goldman or McKinsey, with 750+ GMAT and 4.0 GPAs who got dinged at top schools for someone with a unique background and proven work experience. You'll realize that once you get old enough to actually apply to b-school......

well said.

I am not an associate but the numbers I heard for the full year M&A associate it was about 100to105k + 200-225k. Structured products (structured credit products) and other fixed income 100to105k + 100to150k.

Correct me if I am wrong. Sales and Trading seems to have a much bigger range. 100to105k + 100to300k

I think that sounds about right.

Here is range at one BB for class of '05 associates (same across all groups, including M&A):

Base: $95,000

Bonus: Tier I - $255,000 Tier II - $235,000 Tier III - $205,000

If your bonus was less than that, its because you were being asked to leave the bank. From my friends at other shops, this was close to the same. I have no insight into structured products or S&T.

Can anyone confirm whether or not they still give you the signing bonus and relocation if you are promoted straight from Analyst to Associate?

but not relo

Wharton dude...

I don't mean to be offensive, so don't take this the wrong way. BC is not a top school, period. Congratulations about Wharton, that's a top school. I don't think anyone is trying to give you crap or demean your alma-mater, but don't try to claim that BC is a top school, because it simply isn't. 10 to 20 years of rankings don't lie.

To everyone else, not cool to question why someone got in. If they did, that should be good enough, they must have something the school finds valuable.

Get a Life!

sorry for being a noob and not being in the know - but what is bc?

Boston College, I guess

ah ok thanks

Holy phuck at this old thread.

Ib is not worth it now. Those bonus numbers are insane.

Mid bucket this year at my bb was 105-110 for a1s....

Fml

Yeesh

Base was a lot lower though back then like analyst low; if you compare TC's yes it seem higher but not miles above.  Would be nice to have more data points especially if there are more associates now vs back then or vice versa.