Citi Bonus
Post numbers here. I’ll start.
Mid bucket. Associate 3
40% of base. How is everyone else fairing?
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Bump
OP what was your base?
Bump
So 225 * 40% = $90k?
315k all in?
Brutal, Shiti bank strikes again.
So your bonus is 90k? As an ASO3?
Yes. Brutal. Ppl are pissed
..
Was this lower middle bucket?
Is this a 3-3 rating mid bucket?
90k associate 3 bonus(inflation adjusted that is reallllllly bae)
If you think you are underpaid you can always find work elsewhere
guess they want you to be thankful for not getting project bora bora'ed
Large coverage group
A3 (A4 in Citi terms) —> promoted to VP1
Mid-top bucket (2/1 rating for Citi people)
Base: $225 —> $250
Bonus: $192.5 / 20% deferred stock
Not terrible all things considered but still not happy about it
Did they change deferred to 20% from the previous 25% in past years?
Mine had been 25% deferred in past years but guess they changed it. Don’t know if that’s across the board.
You received 85% bonus and vp promote in a year where half the junior team got laid off in some groups and people are getting sub 40% for middle bucket, what is making you unhappy
General displeasure and some level of pettiness, frankly. Not a great attitude but it’s where I’m at. Our group was flat yoy and last year someone on the team in the same position with the same performance rating received 33% more. That’s my gripe. All things relative to this year, I fared just fine.
How about Aso1 and Aso2s
A1s and A1s in my team got mostly killed. Don’t have data points for the other teams in the group but my team specifically is below:
A2: 80-120
A1: 45-77.5
That is crazy A1 comp. Super demoralizing
Atrocious. Just to be clear those are all new A1s, the A2As fared better than that from what I’ve gathered.
Glad to hear that. A2As output more in their first 6 months than MBAs do in their first 2 years.
Saw a figure for 60k for mid bucket aso 1 at Citi but unsure if that was stub bonus
Why would that be a stub. That makes no sense
Def not a stub. Just a lousy middle AS1 bonus.
60k is what a mid bucket analyst 1 makes in most years
Any other numbers?
I’ve heard mid buckets often got under 60 in some other groups
Anyone know what Citi pays as a stub for Aso 1's?
Have heard some people say it's $35k, others $40k
Is this impacting your decision to pursue? Read above what happens after you roll through a few years of work. Them stubbing $42.5 wouldn’t even help.
Nah not looking to lateral, just wanting to gauge what "market' is for stub's these days
Most BBs pay $40k as far as I'm aware but wasn't sure about Citi
Stub is 40k but full year is 50k?
Back office in buffalo, C11
611$ raise, 1100$ bonus
Yes, I fuxking hate my current situation
At least the Bills are looking better
This is giving me trauma from my pre-IB days. now I just have the same trauma with bigger numbers
What does C11 refer to?
AVP here.
9.86% pay rise last year. 3.40% pay rise just announced. 2 rating both of those years.
Safe to say, I am far from happy.
Nothing but beans on toast for you mate, sorry to say
The work involved to maintain the 2 rating last year got me to near breaking point at times. To see it go completely fruitless was a punch in the stomach and I am around £16 per month better off than if I just done the basic and got a 3 rating.
Beans on toast. No.
Anyone with a near 6.5% decrease on a previous year to maintain a rating after doing so much would be p*ssed off too.
Back office?
REM Analyst, if that's classed as back office.
I got a free trip to Bora Bora
What was the overall sentiment on bonuses? Seems like some people were paid well while others weren’t
Heard from juniors on the team, A2/A3 mid bucket (actually worked their ass off last year) and got c.50-60% of base salary. Quote "this is marginally higher than my N2 bonus". Overall most are 20% down on last year and HR have advised that last year was materially higher to bring Citi in line with the street.
Seniors have mentioned some 12% value appearing on people's comp reports, possibly some right sizing from Mckinsey as part of Bora Bora - who knows.
Overall a lot of people were pushed into the 3:3 ratings this year (Satisfactory). We rate out of 4. Just seems like they're trying to keep costs down and also keep the door open to justify redundancies in the next few rounds.
Morale is atrocious!
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