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!
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Just got my number so I'll kick it off.
- Citi
- Coverage
- Associate 1 (not stub)
- Mid bucket
- 115 (25% stock, brings me down to a 86k cash bonus)
Record breaking year, and got the same median bonus as prior years...
Are you serious?! That's an insult.
Why are juniors getting stock…
I’m surprised too
jesus
jesus
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
ew lol
Yikes….what city?
Woah, isn't that ~66% of base? (assuming $175 base)
- Location: NYC
- Base Salary: 175k (but during the call they said our salary 160k pro rated for the year)
A buddy of mine same class / group got 90, but is walking away with more cash in pocket since he doesn't get stock...
300k total comp is bad now?
jesus
What is vesting on stock?
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
Been hearing bad numbers for Citi
Surely this CB not IB right?
What’s your base?
Rip
Is your base salary at least increasing to $200K?
lol what bank doesn’t increase AS2 pay to $200k? Some pay a flat $200k across all 3 years which is different
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
Got any other CS datapoints from other levels?
I thought most banks do summer for bonuses
For analysts
ohh thanks for the clarification
Following
BB S&T (I mean everyone knows what bank is communicating today but whatever)
VP2 - 200 + 130
Very good performance ratings
Not happy
MS?
S&T comp just seems like trash these days. VPs are what, 175-200k base and 75k-175k bonus? Might as well jump to a fund or switch into tech.
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.
That’s very low comparing to those colors given above
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Nyc?
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BB or non-BB?
.
Oh snap…this is really really low
Manager communicating 10% YoY increase like it's a good thing.. inflation was 7%.. top performance ratings, what the fuck were they going to pay me if I was mid bucket?
MS/Citi Assoc 2, all in 335K. Mid bucket. Hot sector coverage
$200k base + $135k bonus? Sounds soft…must be Citi
Just say tech dude lol
geothermal deals only
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fuck u right. no wonder i cant re-up on my franks red hot
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
*did this few weeks ago**
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
Metals & Mining is BMO's top group globally. Their P&U group in Canada is strong as well but don't think so in the US
What was middle?
not sure tbh. but someone got 175k and they arent liked much so assuming thats bottom
Uhhh is it just me or are these numbers so far shit for you guys...?
No, they are absolutely shit. Looking forward to the mass chaos of laterals to ensue.
Can confirm. Numbers that went out today were total ass for associates.
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...
Ive been getting MS for saying this for the past 6 months. It’s stupid to assume bonus % is staying the same. Raising the base was a beautiful PR stunt by baml.
Lol we've only seen shiti numbers for citi so let's maybe wait on more numbers for other banks, esp BofA, since they tend to be highest paying BB.