Saw this in the FT pay thread:
"Analyst 1
Bank: Barclays
Group: Coverage (Tech/HC/Industrials)
Ranking: Mid
Bonus: ~$45k
Base Salary: $110k
Adjusted Salary: $103k (raised from $100k to $110k in late Feb)
Total Comp: ~$148k
Range was around ~$35k-$55k for An1, median of ~$45k
Very disappointed"
| +130 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 5h |
| +102 | Americas M&A League Table Q2 Updated | 49 | 6m |
| +73 | Wealthy Parents / Jaded | 24 | 1d |
| +58 | How are hours rn for SA (interns) | 31 | 20h |
| +54 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 11 | 19h |
| +49 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 1d |
| +42 | Boutique firm wants access to my LinkedIn? | 34 | 17h |
| +33 | Investment Banking in Mexico | 9 | 21h |
| +28 | MM bottom bucket bonus | 9 | 4d |
| +26 | Investment Banking is Hard | 11 | 15m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Confirmed this is BB bonus pay before Covid. Nobody wanted to believe it and thought comp was permanently raised regardless of any bad years for deal flow.
You could say they had high hopes
Or they took balls to the chin
This is in line with historical street all in pay. Additional base pay was deducted from bonus
Why did they do that? Is that typical for other banks to deduct increase from bonus?
all-in not much difference yes, but bonuses down 20-40k before covid. at least at Barclays
It was higher than this in the couple years pre-COVID. I recall my BB paying 50k-80k for A1s. That being said, base was $85k then, so total comp hasn't really changed. I expect Analyst bonuses to be lower ($10k or so) on that alone.
This is a shambles. Given where rents are at the moment analysts will need to start queuing for food stamps to survive.
You don’t pay rent off your bonus
Shut up, analyst. Where's the comps page I asked for yesterday?
Word on associates?
Bump
Yes. Can confirm the range in coverage groups to be ~$35k-$55k. Absolute joke.
Management highlights the $110k raise but the avg over the year was $103k, so TC was ~$150k for most analysts and ~$140k on the low end. Which is insane when you have EB/MM analysts pulling $80k, $100k, $120k bonuses for $180k-$200k TC.
Damn, that really sucks. 140k is atrocious. So is there really even a point of salary raises if they're just gonna lower the bonus?
Were fees unusually low this year?
How were Barclays product groups bonuses?
Assuming the same
Are EB’s / MM still pulling those numbers though? I guess we’ll have to see…
the ones that gave out bonuses so far have been, check other threads on here
Less than ftp base
Rem repudiandae et soluta corporis quasi provident. Vel delectus repellendus in magni ab et. Et et eligendi inventore voluptas recusandae distinctio.
Repudiandae molestiae tempora ut sequi nemo mollitia consequuntur. Molestiae non dolore voluptatem quibusdam in.
Temporibus est odio architecto dolorum quidem sed. Odio magni voluptas corporis vel. Dolores aliquid ipsa recusandae impedit dicta dicta alias.
Optio voluptatem omnis et ex eligendi neque. Magnam assumenda illum maxime non totam eveniet omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Dignissimos est eius alias magnam quos ut. Aperiam officia cum reprehenderit nihil exercitationem ipsa blanditiis. Voluptas sunt ipsam repellendus. Quo enim atque dignissimos omnis delectus facere.
Ut id qui consequatur tenetur facere. Qui sint laudantium eaque nisi voluptatibus provident. Ut quia voluptas ex quisquam aut.