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May 31, 2024
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Are Directors at $300k or $350k base at Barclays? Extremely shocking to be a senior banker at a reputable bank making less than associates at PWP/PJT type places.
Holy crap. Would literally not show up the next day - hopefully you have something lined up or are in the process.
how does that conversation even go?
Damn bro, sorry to hear. Looks like you got the BofA treatment at Barclays.
does this mean hes changing your number?
Damn - he catch you?
.
Delete
Extremely frustrated… 3% raise no bonus
I’m sorry? 3% raise and 0 bonus???
What level?
what lvl?
AS1 IB almost zero bonus
Same here
Less than stub?
Also nearly zero. Embarrassing.
When you say almost zero… Does that mean <$20k??
5k
I honestly wonder how they will manage to keep their position in the league tables while cutting costs and investments in the investment bank
By paying the people that actually sourced deals (see above, some people got paid) and bringing in a fresh batch of eager junior bankers to execute.
Yup. Anyone not directly tied to revenue gets fucked with the expectation they jump ship and the fresh new bunch of grads / people at lesser banks will jump for the name brand.
Is Barclays using the BAML approach of low bonuses to push out individuals without layoffs? Maybe this is designed as part of the restructuring?
The problem with comparing it with the BofA approach is that BofA screwed everyone across every bucket. It is not like the top bucket people at BofA got paid well either from what I hear.
Assoc1 middle bucket
$20k
Made more in my pre mba job in marketing strategy…
In your comment history you say you work at BoA.
and ms and ubs lol
Extremely disappointed!
Bump
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Saw 200 bankers got zeroed?
source?
Based on these data points it seems the Lit comp report is way off this year? Or do you think ithe overall situation was not as bad?
where is the comp report? i cant find it
.
What was stub ASO bonus?
Barclays folks must be too depressed. Barely any comments.
Banks paying f*** you bonus usually means you'll be laid off soon, 99.999% of the time
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