Self explanatory title.
Associates, what bonus do you expect for this year? Also, is this expectation up or down from last years?
Currently going to be receiving my first associate bonus and am trying to get an estimate on what to expect.
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Totally depends on BB/EB/MM and exposure to ECM / DCM. BB bonuses are going to be awful, while I expect my EB to keep things flat to (5%) to last year’s equivalent level.
Do you feel comfortable mentioning what that number was?
Why would bonuses be flat when m&a is down 50% from last year?
Because every company/bank isn’t the same???
Thats like asking “why would you say Apple is doing well when the tech sector is down 30%?” Ummm, because they’re basically flat on the year and doing well.
Know a industry boutique that's been on an absolute tear. Wouldn't be surprised if they had a record year in bonuses for associates.
I’ll be receiving my first full year Assoc bonus in February. At a BB in a product group
Revenue for our product is only down 15-20% this year, but going in with low expectations
My bonuses as a top bucket analyst for 2 years were 100% and 125% respectively, but think that train stops here
Guessing something like $125k-$150k.
Guess we’ll see
Wait you guys get a full bonus in February? What % of salary would that range be
I think people are kidding themselves that they will only trim bonuses from last year. It's not that revenue is down THAT much, it's that next year doesn't look like it's going to pick up.
The bonuses are partially backward looking, but also significantly forward looking.
I think realistic for Associate 1s is 100-150k, I know a lot of people will say that's low, but I believe that's the sobering reality, not to mention they raised base salaries 25k+ so can jaw-bone about total comp vs. bonus...
That's what got as1 year mid bucket.
I agree. Also, not only is revenue down, but headcount is up vs a year ago at many firms.
I think a lot of associates are just hoping to avoid upcoming layoffs - let alone thinking about bonus numbers. Big announcements from top banks at groups that will likely see very little deal flow in the next 2-3 quarters. Hopefully - I didnt make a grave error purchasing a restoration hardware cloud couch during these times...
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