Bonus Season - Comps

After a record breaking year, bonus season is upon us.

Wanted to get a thread going to share what banks are paying so we can see which banks are low balling the juniors.

If you guys got your numbers, please disclose in the following fashion:

  • Bank (Specific Bank Disclosure Encouraged)

  • Group (Coverage, Product, etc)

  • Position (Analyst 1, Analyst 2, Associate 1, etc)

  • Rating (Top, Mid, Bottom)

  • Bonus Amount (For BB let us know how much of that is stock)

Look forward to hearing from all of you!

Comments (1230)

Jan 17, 2022 - 10:46am
Gordon_C, what's your opinion? Comment below:

I'm surprised too

DX
  • Analyst 2 in IB - Cov
Jan 13, 2022 - 12:08pm

wow that is awful lol, I know 2nd yr analysts getting more at other mid-tier BBs

Feb 3, 2022 - 10:51pm
Yoooooo, what's your opinion? Comment below:

wow that is awful lol, I know 2nd yr analysts getting more at other mid-tier BBs

That's right. Second year analyst 130-150k bonus 

Jan 13, 2022 - 12:41pm
sandals.com, what's your opinion? Comment below:

300k total comp is bad now?

Money can purchase freedom, if you have the guts to buy it

  • 6
  • Analyst 2 in IB - Cov
Jan 13, 2022 - 1:05pm

As an associate 1 (not stub) at a bad BB last year, mid bucket I got 110k all cash (off my 150k base).  Thought that was sort of low, but whatever, my bank sort of sucks....

thats not unheard of,  some bbs sort of give weak median bonuses compared to the EBs

  • Associate 2 in IB-M&A
Jul 24, 2022 - 4:08am

CS after a record breaking year in the bank's history, 6 ASO1s I know got $50k-$70k thanks to Archegos and all the other scandals. Not to mention 2020 bonus was also dog shit. Thank god I left

Jan 13, 2022 - 11:29am
sandals.com, what's your opinion? Comment below:

For analysts 

Money can purchase freedom, if you have the guts to buy it

  • 1
  • VP in S&T - Other
Jan 15, 2022 - 11:07am

I mean full disclosure, none of my post-analyst roles in S&T have been directly P&L link. I was a FO quant and now do what I would basically refer to as FO quant risk, which is basically a risk management type thing that sits within the business itself, not independent risk. So actual traders' comp I'm sure is probably higher than mine, and there have (or were at least last year) trolls around posting bogus low S&T comp.

There has been a range thrown around recently of 300-500k for VP in S&T, maybe adjust that down 15% since it was such a shit year and you are looking at 255-425? So yeah, I mean I guess 175-225 base + 80-200 bonus. I'm sure very high performers can break this range and I think the low end is pretty uncommon, 255 for a VP would be really bad.

I am tempted to jump to a fund and/or back into a direct risk taking role (might be harder than I think to get but I would at least have a legitimate chance). But on the flip side I work like 8-5:15 M-Th, 8-4 F and have a good amount of autonomy and respect within my team and am concerned that leaving that even for an extra 100-200k might be a stupid decision.

  • Associate 1 in IB - Gen
Jan 13, 2022 - 2:09pm

Did this few weeks ago on the other thread but let me put again and feel happiness deja vu

Bank: Canadian BB

Rating: Top

Group: Coverage

Location: NYC

Position: Associate 1

Bonus: $225k

  • Associate 1 in IB - Gen
Jan 13, 2022 - 2:10pm

*did this few weeks ago**

  • Analyst 2 in IB-M&A
Jan 13, 2022 - 2:30pm

Associate 1 in IB - Gen

Did this few weeks ago on the other thread but let me put again and feel happiness deja vu

Bank: Canadian BB

Rating: Top

Group: P&U / Energy

Location: NYC

Position: Associate 1

Bonus: $225k

So BMO? That's their top group correct? Regardless $200K plus as an Associate 1 sounds insane

Jan 13, 2022 - 3:31pm
high hopes, what's your opinion? Comment below:

Associate 1 in IB - Gen

Did this few weeks ago on the other thread but let me put again and feel happiness deja vu

Bank: Canadian BB

Rating: Top

Group: P&U / Energy

Location: NYC

Position: Associate 1

Bonus: $225k

- expand -

So BMO? That's their top group correct? Regardless $200K plus as an Associate 1 sounds insane

Lol it's RBC. BMO is ass in the US

  • Associate 1 in IB - Gen
Jan 14, 2022 - 12:33am

not sure tbh. but someone got 175k and they arent liked much so assuming thats bottom

Jan 13, 2022 - 2:44pm
calvincoolridge, what's your opinion? Comment below:

I think banks are looking at the base bumps as justification to lower the bonus %.

So instead of 175 plus 160 (which wouldnt be unheard of for a second year associate at a mid or low bb)

Its 200 plus 135

Total comp is same.   Sucks they are doing that...

Array
Jan 27, 2022 - 5:31am
TheBuellerBanker, what's your opinion? Comment below:

Totally this. The real figure to focus on is total target comp, not base. Increasing base by 50K to 225 for Y2 assoc doesn't necessarily translate to a 100% bonus on that. Maybe this year at some shops where performance blew every expectation out of the water but assuming 2022 is slightly down or even flat, best case, you can bet the bonus will be paid as a % of total comp rather than as a % of base.

  • 1
Jan 13, 2022 - 3:27pm
yungmullahbaby, what's your opinion? Comment below:

Citi cannot pay. It's just a fact given their returns for shareholders. They ain't gonna pay shit compared to the street until they get ROE in line, which could take a while.

Jan 21, 2022 - 12:42pm
AccelMonkey, what's your opinion? Comment below:

Citi knows they can squeeze more out of their geographical lateral hires and also take advantage of the lifers.

  • Analyst 2 in CorpStrat
Jan 13, 2022 - 7:06pm

Why do people post anonymously (Analyst 1 in IB Gen, Associate 2 in IB Cov, etc) and use vague descriptions for banks (BB / Major city)? How much anonymity do you need?

  • Analyst 1 in IB-M&A
Jan 13, 2022 - 7:47pm

Lol agreed if ur at a BB there's like 500 other people at ur bank almost no chance to guess who the person is. Should just say the name of the bank and maybe ballpark

  • Prospect in IB-M&A
Jan 13, 2022 - 8:21pm

Hey dude - any idea what bonus ranges AN1/2 at JEF can expect going forward in non NYC groups (HOU/SF), factoring in the base increase?

Jan 13, 2022 - 10:16pm
Smoke Frog, what's your opinion? Comment below:

I'm ok with it. A little low, but hard to complain with 575k for a relatively easy year for me. I have great juniors who do the heavy lifting. I have lots of nice perks at work as well.

Also, you'll find the longer you work in the real world, you start to understand some of the comp numbers here are not always realistic. Whether people exaggerate or just straight up lie, I'm not sure.

Thief is the comparison of joy. Also the fact my wife makes more than me takes away some the sting of a "relatively" low bonus lol.

  • Analyst 2 in IB - Cov
Apr 7, 2022 - 4:53am

I think you meant comparison is the thief of joy 🥴

Jan 16, 2022 - 4:07am
PlsFxMnyTs, what's your opinion? Comment below:

Probs about as solid as their Q4 performance. This is a nice reminder Citi is still around though… always a silver lining.

  • Analyst 1 in IB-M&A
Jan 13, 2022 - 9:45pm

Lets wait and see what non-Citi banks do please

  • Director in IB - DCM
Jan 13, 2022 - 9:58pm

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Nesciunt voluptatem a nobis ut et exercitationem sint quos. Eaque labore pariatur dolores in ea qui minus. Numquam quia dolorem rerum cumque.

  • Director in IB - DCM
Jan 13, 2022 - 10:49pm

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  • Associate 1 in IB-M&A
Jan 13, 2022 - 11:17pm

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  • VP in IB-M&A
Jan 14, 2022 - 12:59am

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  • Director in IB - DCM
Jan 14, 2022 - 9:04am

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