Australian bonuses - Any insight?

from what i have been hearing is that analysts gets roughly 40% bonus in first year. but some may offer upto 100% (really a myth cos i don't know anyone with bonuses that high) If the base is good, then 50% bonus is alot. provided managible work hours.

There are 100% 1st years.

Never known anyone as low as 40 or 50% over last few years.

I've heard of 50%s for 1st years... more than 1 person, at least.

For the first half year bonus (Feb to July) or the first full year bonus (Aug - the following July)? What banks?

Credit Suisse i think. not sure for what bonus. i always take it to mean full year when people talk to me about bonuses.

Australian bonuses are prob lower. I'm in the process of interviews with IBs and Boutiques. They all tell me to expect around 50% if i perform well.

Sure beats 25% bonus from my current consulting job!

it sure depends a lot on which bank. in aust, BBs aren't the market leaders. so I wouldn't use, say, ML's compensation as a benchmark for aust.

that said, the base in aust is usually higher than US. the standard figure for 1st years is around 93k. in today's terms, it means 70k usd. top candidates get up to 10?k. that would mean 75k usd +

Anyone know someone in MacQ?

yes, i know people in Macquarie bank. not really that high. base is good. bonus is sort of average.

cafe_apple, why do you say that the BBs are not the leaders there? do you have the pay and bonus figures for them vs macq?

i was just talking about league tables when i said 'market leader'.

anyway, for m&a houses that don't get as much done, the base salary is still competitive. i haven't seen their bonuses though. but i hear they're smaller.

lastly, though macq people might get average bonuses, they work more reasonable hours. and so does the rest of aust.

macbank works the most hours in IB australia and thats about 9 - 11.30 everyday for atleast 6 days a week. when the pressure is on, my friend saw the sunrise 3 times in a row....

Boz928, those hours sound downright luxurious to me!! People I know had far worse times there...

Not sure how it compares to the BB firms in Aus, but from what I hear second hand they are indeed worse...

In australia, IB typically works 15 hour days and not many 7 days a week, mostly just 6 or 6.5 days.

But in NY, MacBank works the people like crazy, guys work from 8.30 to 2am every day!, they get like 4 hours sleep everyday.

don't know why people in NY have to work so hard? If there is so much to do, why no just hire more analysts?

like i said, aust is not run by your typical BBs. UBS & Macq are good tho. i can confirm slightly lower hours at macq when i did it. for UBS, i also heard lighter hours when it's not busy.

as for BB (let's take GS), i had a friend do 9-11 mon-fri when nothing's on. another 9-1, 7 days when something's on.

cafe_apple, were you at macq? how much bonus did they pay the first and second years when you were there? when was it usually announced?

cafe_apple, were you at macq? how much bonus did they pay the first and second years when you were there? when was it usually announced?

cafe_apple, were you at macq? how much bonus did they pay the first and second years when you were there? when was it usually announced?