Any word on this upcoming bonus season? Particularly curious if any insight on Citi but welcome feedback on other banks if folks have heard anything
Trending Content - Investment Banking Forum
| +195 | Who Killed Wall Street | 65 | 4h |
| +176 | Worlds Worst MDs Competition (2026 Edition) | 33 | 18h |
| +164 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 3d |
| +120 | Lindsay Clancy - Thoughts from A2 | 22 | 21h |
| +58 | How bad did I mess up | 11 | 17h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 21 | 13h |
| +34 | Most technical groups? | 18 | 1d |
| +29 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 4d |
| +28 | NYC Wall Street Run Club | 4 | 4h |
| +21 | Meritocratic IB groups / banks | 15 | 2d |
Career Resources
pretty sure the only insight anyone has right now is 'lower than 2021'.
Fees are down 50-60% across the street. RBC posted a loss this quarter for GIB. The real question is how bad will bonuses be this year
question is how they will bifurcate the capital markets slowdown vs m&a in terms of coverage / product. If you're on a team that does a lot of (or exclusively) M&A, you're having a down year but certainly not hugely out of line from prior to COVID. If you're in LevFin or ECM....well, you know.
It is hugely our of line compared to pre-Covid levels. Numbers are propped up by a few monster deals.
I think there will be an even larger than normal spread between the m&a shops and BBs. I expect the BBs to be rough.
This. I’m at an M&A shop, as you say, and our revenue is only down about 20%. Even with that, our revenue per banker is still amazing, so I don’t expect it to be too bad.
$80k to $110k is my guess for BBs
With where profits are at, I think your username says it all
NY EB
Hearing 200sh for As1
EB from what I'm hearing is $170K-$200K
People posting $150-200 for aso1 give me hope. I’m at a top mm and they’re already bracing us for disappointment, even after a good year (relative to pre-covid).
Delusional. Most BBs were nowhere close that for last payout. Wasn’t Citi like $90k?
baird fires a ton of people near bonuses and only other high paying MMs are Guggenheim + Blair
I certainly don’t expect those numbers.
@high hopes
Citi A1s (class of 2020) got $192k for top bucket. Lowest was $32k but generally a majority of folks got $125k+
Re: firing around bonus, what makes you say that? It was a one off during COVID
Any intel on stub bonuses or should we just be happy we have a seat at the table this year?
I’d guess they’ll be normal. $35-45k. Higher at EBs.
MM bank. Will be 350-500k for Associate 1
Which bank? That’s also a ridiculous range. Not sure any big bank paid aso1 $500k last year.
HW
Ubs/db: we are expecting 250 to 350k AS1 bonuses
Are you a troll?
These are my predictions for BB bonuses:
AS0: 25-40k stub bonus
AS1: 90-125k
AS2: 130-150k
AS3: 155k-175k
Expect a massive gulf, more than usual, between BBs and EBs this year. 3Q earnings just rolled out
EVR Advisory only down 5% YoY YTD
PJT Advisory up 12% “ “
Lazard Advisory up 7%
Moelis/ PWP earnings in the next week
This feels right. People are anchoring to absurd numbers from last year and bound to get disappointed
BBs are gross. I can’t imagine being an AS3 and making like 385k all in. Say 25k of that is stock, then assuming 401k, healthcare, and taxes, and you’re like bringing home $180k after-tax cash. To live a decent life in NYC and have a little fun you’re likely spending $80-$100k/yr, assuming you have no student loans or other debt, so at most people will save ~$100k? Completely demoralizing.
don't forget most of the AS will be living in midtown Manhattan close to work which most of that money will be on crazy rent.
Doloremque quisquam molestiae voluptatem qui vel ut perspiciatis sed. Ab non enim nihil eligendi consectetur. Et voluptatem qui sint et quis. Quae quidem deserunt est nihil aut et voluptatem culpa. Recusandae et reprehenderit reprehenderit est. Odit in ut impedit rerum deserunt illo omnis. Deserunt inventore neque vero autem at reiciendis.
Voluptatem doloribus temporibus voluptatem sit tempora dolor. Corporis enim qui assumenda perspiciatis impedit cumque error. Dolorem ea officia repellendus aut quisquam et. Enim saepe animi quisquam architecto repudiandae dolorem quaerat. Consequatur reprehenderit sed et dolorem. Veniam qui et molestias tempora culpa.
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...
Magni architecto magni nisi commodi. Est voluptatem accusamus sint eos consequuntur vel odio. Rerum odit nam tempore voluptates magnam corrupti distinctio. Est perferendis aspernatur et cumque ipsum blanditiis.